Monday, July 21, 2014

Active Rigs Near 200; News For Tuesday, July 22, 2014

 Active rigs:

Active Rigs19720718213841

Refineries in the Rocky Mountains region, defined by the Energy Information Administration (EIA) EIA as Petroleum Administration for Defense District (PADD) IV, are smaller and less complex than they are in the rest of the U.S. The region is landlocked and the 16 refineries – average size only 42 Mb/d - rely on U.S. light sweet crude produced locally or in North Dakota as well as Western Canadian heavy crude. The combination of rich supplies of crude and increased demand for refined products such as diesel means that refinery margins are high. These healthy economics are encouraging refinery expansions.
Miscellaneous Energy News

SeaCoastOn-Line confirms that Public Service of New Hampshire does indeed buy coal from Russia, as well as from Venezuela. Activists in New Hampshire, of course, do not want Canadian oil, however. I can't make this stuff up.

This is a pretty cool article; timing is everything. Coming on the heels of increased sanctions on Russia and the recently signed Russian-Chinese natural gas deal, four huge multi-national companies request permission to export LNG from Alaska: BP, Exxon, TransCanada (think Keystone), and COP. Bizjournals is reporting:
The application to the U.S. Department of Energy requests authorization to export up to 20 million metric tons per year of LNG for 30 years. It includes countries that have free trade agreements with the U.S. and non-FTA countries.
The proposed project facilities include a liquefaction plant and terminal on the Kenai Peninsula; an 800-mile, 42-inch pipeline; up to eight compression stations; at least five take-off points for in-state gas delivery; and a gas-treatment plant on the North Slope.
The Wall Street Journal

Getting too hot for the Obama administration? One's country is under attack, and the US demands an immediate Gaza cease-fire. I believe Israel already declared a unilateral cease-fire. We saw how that went.

Apple orders massive number of bigger iPhones -- Apple is preparing for its largest production run of iPhones this year.

Good. "The friend" of the Boston Marathon bombers was found guilty of obstruction.

EU set to approve new Russian sanctions. Game on.

Mobile-ad spending leaps.

Allergan to cut 13% of its workforce.

Natural-gas prices fall to near eight-month low.

Orange-juice sales fall to record low. Due to price; OJ is very, very expensive. Demand destruction?
The Los Angeles Times

Ukraine separatists allow access to Malaysian jet crash site. I assume all the "good" stuff has been taken.

Earnings: Reporting Tuesday
  • AAPL, $1.23, after market closes
  • CMCSA, $0.72, before market opens
  • MSFT, $0.60, after market closes
  • NBR, $0.23, after market closes
  • BTU, a loss of 29 cents, before market opens
  • KO, 63 cents, before market opens
  • VZ, 90 cents, 6:30 a.m. ET (T reports one day later, after market close, Wednesday)
  • XLNX, 61 cents, after market close

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