Energy Prospectus

Coal Demand to Hit Record High This Year.
The International Energy Agency forecasts that coal demand will rise to 8 billion tons this year, a 0.7% increase year-on-year, matching a record high set in 2013 and paving the way for further hikes next year hit an all-time high.

Coal price are up more than 170% in the last 12 months as Europe is forced to bring back coal fired power plants.

But Team Biden wants to spend more money on Green New Deal ideas that won't have any impact on the Earth's climate:

US Climate Bill Roars Back to Life.
Following a surreptitiously negotiated Schumer-Manchin deal that guarantees the continuation of oil lease sales, the prospects for a $370 billion climate bill have become much rosier as Democrats in the US Senate seek to vote on it as soon as next week.

From OilPrice.com

The overall sentiment in oil markets has been greatly buoyed by bumper Q2 profits posted by the likes of ExxonMobil, Chevron, and Shell – and this time around, thanks to falling gasoline prices in the US, there have been no accusations of making more money than God. With all leading oil majors promising either to maintain or intensify share buybacks over the upcoming period, oil stocks have seen a much-needed surge this week. As well as improving confidence, rumors of OPEC+ keeping September production targets unchanged have helped push oil prices higher, with the front-month ICE Brent contract moving up to $110 per barrel.