** Even a more than 400% jump in the number of fracking crews working the U.S. shale patch isn’t enough to send oil output soaring. In fact, it’s just enough to keep production relatively flat this year, according to Primary Vision Inc., which has tracked data on frack crews since 2013.
** The chief executive officers of Royal Dutch Shell Plc and TotalEnergies SE joined major commodity traders and banks in predicting that oil could go as high as $100 a barrel, although they also said volatile markets could drive prices back down again.
** Global electric vehicle supremacy will arrive by 2033 — five years earlier than previously expected — as tougher regulations and rising interest drive demand for zero-emission transportation, according to a new study.
** A new analysis of Edison Electric Institute Data conducted by Morning Consult found that most of the major utility companies that reported their data reduced their emissions between 2019 and 2020.
** An International Energy Agency analysis shows that subsidies for consumers’ use of gasoline, diesel and other fuels dropped sharply last year — but are headed for a rebound.
** A group of GOP senators tore into President Biden’s national security adviser after he called Nord Stream 2 AG, the company at the center of Russia’s in-construction natural gas pipeline, a “Swiss company.”
** Chip-starved industries from automakers to consumer electronics will need to wait a bit longer for components, as delays in filling orders continue to get worse. Chip lead times, the gap between ordering a semiconductor and taking delivery, increased by seven days to 18 weeks in May from the previous month.
** Minnesota is set to ban “forever chemicals” in food packaging such as burger wrappers and takeout containers, joining a handful of other states with such bans on the harmful pollutants.
** Oregon lawmakers are expected to vote this week on an emissions-cutting bill banning new natural gas plants in the state.
** Federal agents arrest a Turkish businessman in connection with a $1 billion biodiesel tax fraud scheme carried out by Utah businessmen.
** Vehicle manufacturer Nikola buys a $50 million stake in an Indiana hydrogen plant.
Republican lawmakers in Florida, Georgia and Texas pass laws preempting the ability of city leaders to enforce their own regulations, including the ability to reduce their reliance on fossil fuels and shift to renewables.