Posted: November 5, 2021
Category: News Pulse

RP Weekly Recap | November 1 – 5


After years of restricting the growth of fossil fuel infrastructure, California has increasingly looked to natural gas for power generation this year after drought and wildfires left it with few other options to keep the lights on. The state has a goal of producing all of its electricity from clean sources by 2045, but has faced notable challenges to its electrical grid in recent months. With worldwide energy crunches forcing other countries to ramp up the output of coal and other fossil fuels to maintain power, it is not surprising that California is seeking help from an old foe to keep the peace. Check out this story and more in this week’s recap of all things happening in oil and gas!

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 248,922,168 (up from 245,808,361 last week)
  • Number of Cases (USA): 46,366,885 (up from 45,840,958 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

  • Texas Upstream Employment Rises
  • Labor Market Bounces Back in October as Employers Add 531,000 Jobs. the number was well above estimates

United States Rig Count

  • UP 6 from last week for a total of 550
  • Up 83.3% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • In order to take advantage of growing energy demands from Europe and East Asia, the USA will be shipping significant amounts of liquified natural gas (LNG) tankers the latter part of this year. The country’s LNG exports are set to hit an all-time high, beating out previous records set back in 2017 and 2018. Read more HERE!  

  • The Democratic constructed Build Back Better Act is looking to budget almost $2 trillion to address problems in every sector. The energy policies are aggressive and expensive, so here is everything you need to know about this bill while we do our best to play the Devil’s advocate. 

  • RARE PETRO is the tik talk of the town! Short-form content to educate both the public or industry professionals is available NOW! Check out our latest Tik Tok Video uncovering what Holywood does not understand about a blowout. 

  • RARE PETRO and Rainmaker GBD collaborate on a monthly newsletter highlighting everything you need to know about the energy sector. This is a video interview with RARE PETRO’s Anthony McDaniels as he speaks on the biggest stories and dives a little bit deeper into supporting data. Welcome to the second edition of “Side Chat”

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Report to see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round. 

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