Energy Report: The Hedge Funds Are Back

The Bloomberg report also said that the Iran council said it reached a broad agreement with the U.S. over the left Ian of sanctions on its industrial sectors including energy but warned that there was very little time left for real powers to revive a 2015 nuclear deal. Based on market action in hedge fund activity it appears that the market is putting the Iran deal in the rearview window and now focused on the tightening of the global oil supply.

Now there is a breaking report of a leak at a Chinese nuclear facility. CNN reports that the U.S. government has spent the past week assessing a report of a leak at a Chinese nuclear power plant after a French company that partly owns the plant warned of an imminent radiological threat according to U.S. officials. The warning accused the Chinese safety authority of raising the acceptable limits for radiation detection outside the ties on the nuclear power plant in the Guangdong province to avoid having it shut down. No word as to whether Facebook is going to block any report about this nuclear plant currently.

While the world's oil demand goes up the big oil companies continue to retreat away from oil production Royal Dutch Shell too recently has been put under big pressure by its shareholder to become greener is now reportedly looking into selling their massive U.S. Permian Basin holdings, reportedly the shell assets in the Permian basin could be worth as much as $10 billion. Shells retreat from fossil fuels production along with other big energy companies pulling back is going to substantially raise fossil fuel prices in the future.

Shell has been under pressure after a touch court last month ordered shelter reduce its greenhouse gas emissions by 2030 much faster than the company planned showers looking to appeal that ruling but in the short term it's taking action to sell off its properties and reduce its oil production capabilities. OPEC and Russia, of course, are sharing these type of moves that it's going to further end their dominance over the global oil supply as well as the global economy for generations people realized that the ability to produce energy produced power but not only the power that we used to turn on lights or drive our cars but political power as well make no mistake about it that OPEC and Russia will use their energy prowess to push the political agenda they've done it in the past they will do it again.

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