If You Do Oil Business In Bakersfield, Watch Out For The San Andreas Fault Line

The Daily Mail in the UK reported that a cluster of earthquakes have hit Southern California.  Scientists say it is a hint that a quake of Apocalyptic proportion could be coming next week. Read more:  http://www.dailymail.co.uk/sciencetech/article-8616049/Swarm-earthquakes-detected-eight-miles-San-Andreas-Fault-raises-risk-big-one-hitting.html

By The Numbers, 8/5/2020

The EIA published its Weekly Petroleum Status Report.  Here are some highlights.  All items are in millions of barrels per day except inventories, which is billions total.  Dates are defined as week ending averages, except utilization rate which is a four week ending average.  The full report can be found here. Item 7/31/20 7/24/20 Refinery…

Article From Smart Energy Decisions: BP targets sustainability overhaul of operations

BP released Aug. 4 their strategy for transitioning from an “oil” company to an “integrated energy” company, including a 10-fold increase in low carbon investment by 2030 and reducing operational emissions 30-35% before 2030.The energy company plans to focus on three main areas of sustainability: low carbon electricity and energy, convenience and mobility and resilient…