Wednesday, November 9, 2016

Ban On Fracking: That Silly Talk Is Finally Off The Table -- November 9, 2016

Futures (in the market) mean squat. At 8:33 a.m. Central Time, just after the market opened:

And, yes, I know the day is not over. A single swallow does not a spring make.
Politics: I don't know what's "on the table," but I do know this is off the table: any more silly talk of banning fracking

Politics: the media went into this election with eyes wide shut. This is being said over and over by talking heads.

Active rigs:

Active Rigs3865193182192

RBN Energy: US Northeast natural gas providers gear up for winter, takeaway expansions.
Northeast production growth, the primary driver of overall gains in U.S. natural gas output in recent years, has largely stalled in 2016. Rig counts in the Marcellus/Utica dropped to near six-year lows, and the region has been facing constraints—from takeaway capacity and in the past month or two from storage injection capacity. But market factors are again about to roil the Northeast: 1) winter heating demand is on its way, and 2) more takeaway capacity has come online in the past month and still more is coming before the year is up. Today, we review recent Northeast natural gas production trends using pipeline flow data from Genscape and assess factors that will impact regional production this winter.
Since 2010, by far the most significant growth in U.S. natural gas production has occurred in the Northeast, where the Marcellus/Utica shale plays in Pennsylvania, West Virginia and Ohio have proven to be among the most productive in the world. To put that into perspective, while production from the rest of the U.S. has declined by nearly 7 Bcf/d over the last five years, Northeast production has climbed at an astounding pace, from less than 5 Bcf/d in 2011 to a record 22.8 Bcf/d in February 2016. Since February, volumes have bounced around but overall growth has flattened. With winter now just around the corner and pipeline expansions coming online, it’s time to revisit what’s happened with Northeast production this year and consider the prospects for supply growth in the coming months.

The Political Page

This may be the thing that irritates me most: the mainstream media says this nation has never been so divided.

Let's go to Hillary's fact-checker:  Between Election Day and Lincoln's inauguration, seven slave-holding Southern states declared their secession from the Union and formed the Confederacy. This later precipitated the Civil War that lasted until 1865.

Let's repeat that in case someone missed it: after Abraham Lincoln was elected president, "seven slave-holding Southern states decleared their secession from the Union and formed the Confederacy." And they did that before Abraham Lincoln even took the oath of office.

The election of 1860 is not ancient history. Folks, in 2016, still talk about the need for reparations for events that preceded the Civil War. 

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