Tesla vs Energy

Posted: November 12, 2021
Category: News Pulse

RP Weekly Recap | November 8 – 12


This week, Tesla’s market value surpassed that of the entire energy sector it promises to disrupt. The electric vehicle giant headed by Elon Musk surged a staggering 43% in October, which helped propel its market capitalization to $1.2 trillion, higher than the $1.1 trillion market value of the entire S&P 500’s energy sector. Although Tesla currently has less influence on the index than the energy sector, that conceivably could change if the stock continues to climb. 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): 252,181,189 (up from 248,922,168 last week)
  • Number of Cases (USA): 46,872,659 (up from 46,366,885 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

  • Number of People Quitting Their Jobs Hits Record 4.4 MIllion – the number of job openings, meanwhile, remained unchanged from August 

United States Rig Count

  • UP 6 from last week for a total of 556
  • Up 78.2% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • The White House Office of Domestic Climate Policy has just released its U.S. Methane Emissions Reduction Action Plan, laying out several steps that can be taken to reduce the amount of methane leaked from oil and gas wells and pipelines. Operators, midstream, and utility companies alike will be affected by these rules, so here is what they all must know about the Action Plan.  

  • The oil and gas industry is known as a generous one, and its charitable giving should come as no surprise to those who work in it. The charitable donations given by oil and gas companies can take many forms, from scholarship funds to food drives to clothing donations. Many oil and gas companies also go beyond just financial support, as volunteers from the industry often take time out of their schedules to give back as well. In times of crisis, the generosity of the oil and gas industry truly shines through, with numerous organizations setting up funds specifically for those affected by various disasters. Find out more HERE

  • 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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