Thanks to @AtlanticCouncil great questions from @JohnEdHerbst Re #russiaenergy Here’s some facts 🧵@AmyJaffeenergy shared: 1/ Russia is selling ~EXTRA 1.5 mbd to China & India. China up to 2mbd, from 1.6 mbd prior to war. ~30% discount price. China backed out Brazil, Saudi crude

https://twitter.com/ftenergy/status/1545455556667883522

🧵2/India Russian crude purchases went from zero to 1.1 mbd. Possible to buy additional 300kbd to 400kbd w price incentive. India now has imposed restrictions on re-exports to Europe of refined products to prevent domestic fuel shortages news.bloombergtax.com/daily-tax-repo…

@MichaelEWebber Latest interpretations is Putin goal from war is to benefit from changing climate to control world food supply to replace Russia’s waning control of global oil to ensure geopolitical levers of global power. Blockade of Black Sea first step 🧵apnews.com/article/russia… @MichaelEWebber Here are factual details that dispute Russian disinformation. Russia’s military has been attacking grain reserves inside Ukraine 🧵reuters.com/world/europe/r…

Some thoughts on potential oil sanctions on Russia 1/ yes I think they are likely if conflict continues to escalate. Oil price rise reflects that. What it means has some uncertainty which I lay out here 1/ theconversation.com/amp/can-wealth… First question Re Russian oil sanctions is will IEA system use maximum release rate: for at least first 15-30 days this should be done to give markets a chance to adjust 2/

@bradplumer hits topic on point with best summation to date of range of policy solutions to harden US electric grids 1/ nytimes.com/2021/02/16/cli… 2/ Wind turbines can be equipped to operate in icy conditions

Excess hydro-capacity can be called upon at times of day or seasonally to supplement renewables google.com/amp/s/www.cfr.… “Beyond extra capacity at existing hydroelectric plants, water sources can provide the possibility of pumped hydro storage” google.com/amp/s/www.cfr.…

@CostaSamaras @emilygrubert @RichardMeyerDC “Freeze off” defined: well shutdowns Eg ala Texas DCP Midstream LP and Targa Resources Corp. shutdown so posting about frozen wind turbine when 1 million b/d of Permian crude shut in on top of frozen nat gas facilities is idiotic 1/ @ira_joseph @RichardMeyerDC My career fantasy: I wake up one morning and not see misinformation from oil and gas industry in my twitter feed and 100% renewables advocates are accurately explaining role hydro flexing currently plays in successful deployments 2/

@tedcruz issued statement against Paris climate agreement. Since it is time to reinvigorate knowledge here is link to NBER paper on jobs and environment. Paper considers how in new economy workers essentially reallocated to new opportunities but...1/ nber.org/papers/w26093 But Hafstead NBER research also shows stickiness of job loss in select communities most affected by energy transition in short run. this is one area where stimulus should target speeding opportunity (as opposed to losing out on new economy development ) 2/ nber.org/papers/w26093

Hi Energy Twitter: today’s lesson is on the gas oil separation plant (GOSP). (Thread) All Saudi crude oil production goes from the well head (oil production well) through a gathering system and is then processed in the GOSP. Learn this acronym. It’s going to be important The stream of crude oil that comes out of wells in Saudi Arabia is mixed with gaseous hydrocarbons like methane, butane and propane, liquid condensates. crude oil, water, and contaminants such as salts, sulfur, and sand. It cannot be refined into gasoline as is. ((Thread)