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Anas Alhajji

@anasalhajji

23 Apr

1- President Biden & his climate advisors need to come down to earth before gravity brings them down. 2022 is just around the corner!
I studied the unintended consequences of govt regulations & policies long enough to conclude that what we heard today was a disaster in the making

2- The history of the oil industry is full of lessons: Democrats proposed the Oil Windfall Profit Tax in the 1970s & President Carter signed it into law in Apr 1980. The govt appropriated the money it thought it would collect, but oil prices collapsed. No windfall profit to tax!

3- Taxing wealth or increasing taxes on capital gains to finance infrastructure and climate change agenda will force foreign investors out of US markets. US investors will move their money overseas. Some might even move out of the US and get another nationality.

Read 12 tweets

Anas Alhajji

@anasalhajji

21 Apr

1-5 By voting for the #NOPEC bill, supporters are telling Aramco & other NOCs that go public NOT to list in New York! They are forcing oil-producing countries to pivot more & more toward China & they are telling the rest of the world to apply the same rules to US companies. #OOTT

2-5 They are also telling oil-producing countries to take their investment outside the US, and telling their citizens not to visit the US. If people with money do not come to the US, you end up only with people with NO money coming to the US! What a policy!

3-5 The Irony is: Democrats need high oil prices for their green agenda to succeed. The last thing Democrats want is low oil prices. Low oil prices can increase US dependence on foreign oil imports while ruining the Democrat's green agenda.

Read 5 tweets

Anas Alhajji

@anasalhajji

17 Feb

سلسلة تغريدات عن أزمة الطاقة في #تكساس

1- تعاني تكساس حاليا من أزمة طاقة خانقة. سبب الأزمة المباشر هو عاصفة ثلجية تاريخية صاحبها صقيع غطى الولاية كلها. البرد الشديد زاد الطلب على الكهرباء بشكل كبير، في الوقت الذي تجمّدت في عنفات الطاقة الهوائية والألواح الشمسية، فانخفض إنتاجها.

2- نتج عن ذلك ارتفاع تاريخي في أسعار الكهرباء والغاز. ثم ارتفاع في أسعار المنتجات النفطية بعد إغلاق المصافي بسبب الصقيع وانقطاع الكهرباء. تأتي هذه المشاكل رغم أن طاقة الرياح في تكساس هي الأكبر في أميركا الشمالية، والخامسة في العالم.

3- حاليا، إنتاج الكهرباء ليلا من طاقة الرياح يمثل 3% فقط من إجمالي الطاقة المركّبة، إلا انه يرتفع صباحا إلى 18%. إنتاج الطاقة الشمسية منخفض كثيرا وأقل حتى من التوقعات المنخفضة.

Read 21 tweets

Anas Alhajji

@anasalhajji

21 Jan

Oil Market 101
1-4
- Shale produces light sweet crude. The most economic products are gasoline & naphtha.

- To get other products economically like diesel & fuel oil, imported heavier crude is needed from #Canada, #Mexico, Venezuela, Colombia & Iraq.

2-4 Latin American countries' exports to the US are maxed out. The only way US refiners can compensate for loss of Candian crude is to import from Venezuela. They cannot because of sanctions. The only way US refiners can get additional crude from Latin America to bid prices up!

3-4 The US will become more dependent on Iraqi crude. Boy! Let conspiracy theories fly again! From Bush to Biden! (Blame on the B)

Here are more fireworks: Americans will pay the Iraqis who take the dollars and pay Iran for imported electricity natural gas, and gasoline!

Read 4 tweets

Anas Alhajji

@anasalhajji

18 Dec 20

Short Thread on Canada's New Carbon Tax: 🇨🇦

1- Most of the reduction in the emissions in Europe since late 1980s happened because they shifted them to China & other countries as energy intensive factories & others moved out of Europe.
#Canada #climatechange #oil #OOTT

2- The impact of renewable energy is small. If ALL EU countries switch ALL their cars to #Electricvehciles, assuming ALL electricity comes from solar & wind, they can reduce global emissions by only 2%.

3- European politicians are going to claim great success and show large decline in emissions to justify their massive spending on subsidies to support solar and wind. Although most of it was caused by factories leaving to China. #China #emissions

Read 9 tweets

Anas Alhajji

@anasalhajji

12 Oct 20

Thread

Ready for a shock?
1-5 Every additional EV in the 2030s & 2040s will have less impact on oil demand than earlier ones according to long term outlooks by X, Y, & Z!

Why?

They assume massive improvement in ICE fuel economy.

#Oil #OOTT

2-5 That means, replacing an ICE vehicle with an EV will cause only small reduction in oil demand.

Hence, the impact of #ElectricVehicles on global oil demand declines with time.

Shocked yet? wait, there is more!

3-5 If fuel economy is going to improve that much (emissions ⬇️⬇️), why do we need the expensive #ElectricVehicles ?

For the record, according to these Oil Outlooks, the decline in oil demand due to improvement fuel economy is three times the decline in oil demand due to EVs!

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