Podcast - July 9

[dan_s]

Here is the direct link to my weekly podcast: https://www.youtube.com/watch?v=m9LxawmwtbU

I expect IEA to publish their monthly Oil Market Report on Monday or Tuesday. It will have an impact on the market. Here is the link to IEA's website.
https://www.iea.org/topics/oil-market-report

[dan_s]

Watch the weekly summary here to see why power prices in Europe are going thru the roof: https://www.weatherbell.com/premium/

The Green New (Bad) Deal is actually going to cause many deaths in Europe during the next winter. This world needs better leaders and common sense energy plans and we need them ASAP.

[dan_s]

Note from one of our members that caught a error I made in the podcast. I called DEF "Diesel Exhaust Fuel", which is not correct.

"It is Diesel Exhaust Fluid, not fuel.  It goes into its own reservoir from where it is injected into the exhaust to eliminate nitrogen oxides in the exhaust.  The modern trucks’ computers warn when the DEF level is low, and when it is gone, the computer shuts the engine OFF, and will not allow it to start again until the reservoir is replenished.  (Can you fool the computer with something else?  I know not.)

I am not sure how significant the DEF shortage is, but it certainly sounds important to the trucking industry.

[mrbill]

Consumer diesel pick ups made after 2012 have DEF. They shut down when the sensor says "too low".

[Fraser921]

I never knew this .. good info