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First Quarter Review of 2021

While 2021 has not been boring, at least it’s not as wild as 2020. Here is a recap of everything that’s happened in 2021 in the first quarter.

 

January 2021

January definitely kicked off this year with a bang. First, the Capitol fiasco. After that incident, the left and the right are more against each other than ever. Then, Trump gets banned, which leads to media subscriptions going down. Magazines, blogs, and news channels are seeing less attention now that Trump isn’t around anymore. Two weeks later, the world held their breaths as Joseph Biden swore in as the 46th President. But yet, this and the stock market kept people tuned in. The great GameStop incident led to a stock market frenzy. Hey, it also led to fire memes. Bitcoin is now popular again and rising. One of the best parts of January? The Bernie Sanders mitten meme.

 

February 2021

Then February blows in with the craziest winter storm most Texans had ever seen. On the bright side, the forced quarantine reduced COVID cases. So, hospitals finally got a little relief. While we had to rough it, we found warmth in friendly neighbors and hospitable family members and friends. And, now we know how to be better prepared. Thankfully, the government is taking care of relief procedures. Congresswoman AOC raised $2 million for Texas!

 

March 2021

March was a good month. The Biden administration passed the second round of stimulus checks. This helped those affected by the winter storm. Also, March 11 marked the anniversary of the COVID-19 shutdown. Now, the world is in a better mood as the vaccine is more widely available. Along with that, but businesses and events are opening up at full capacity again. Slowly but surely, we see life returning to normal. While gas prices are going back up, it’s nothing to worry about. It’s only returning to the same prices as pre-COVID. Lastly, the 200,000-ton Evergreen cargo ship was finally recovered out of the sand and is afloat again. This allowed for business along the Suez canal to resume.

 

A lot happened in the first quarter of 2021. Now we are in April, and things are looking bright. We are thankful for all the good news that we come across. We’re looking forward to seeing what the rest of the year has in store for us. Let us know if we can help out with any big plans that you may have in mind!

 

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Petroleum in February 2021

Now that Biden is in office, the clean energy deal is making way. As of February 2021, actions have already been taken to start the transition. Here’s the latest news on the petroleum industry.

 

Petroleum February 2021

In 2020, North America broke the record for exporting the most amount of oil to India. As of January 2021, 11% of India’s oil comes from the U.S. and Canada. Additionally, we know that the Keystone XL Pipeline is coming to an end. This massive 1,179-mile crude oil pipeline was the heart of distributing oil throughout America. Now, Biden ordered a halt to further construction. This is in order to protect Native American land.

Corpus Christi, TX Refinery

The massive blizzard that hit Texas had a huge impact on oil. The deep, long-lasting freeze proved some damage to the refineries. Therefore, reduced oil production will limit nationwide distribution. Also, companies are heavily under fire for lack of regulation. Specifically, not winterizing plants and refineries. The bottom line is that oil and gas may get a lot more expensive as petroleum companies financially recover.

 Shell is working to balance successful oil production and green energy. They claim their carbon emissions have peaked, and are moving to green energy. They plan to reduce emissions by 6-8% by 2023. With 2020 hitting their oil profits hard, they understand that renewable energy is moving up to replace oil & gas. On that note, many petroleum companies are aware that their options are either to go green or abandon ship.

The vaccine rollout, cheap hotel prices & flights, and reduced lockdown restrictions are driving people to go out again. As a result, gas prices are at the same prices as pre-COVID. And, they’ll only get higher as summer comes closer.

Oil Today

Between the hard financial hits of 2021, the Texas blizzard, and the rise of renewable energy, the days of oil and gas are starting to wane. For more information on petroleum in February 2021, check out Oil News Today.

 

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