Tuesday, November 15, 2016

T+7 -- Another Record-Breaking Day On Wall Street? -- November 15, 2016

The deplorable climate science blog at this link.
Over the last eight months, global temperatures over land have cooled a record 1.2 C. November is seeing record cold in Russia and South Australia, so we should see the record cooling trend continue.
Futures: oil "spikes" -- up $1.11, back over $44; Dow 30 futures up slightly; might we see a fifth consecutive day of record setting on Wall Street? T+7.

Active rigs:

Active Rigs3864186183186

RBN Energy: Lessons learned from five years of crude oil, natural gas and NGL forecasts.

Earthquakes and Oklahoma: a solution?  Separate the salt water from produced water; return the water to rivers (actually, it would be simpler to simply use if for irrigation), and sell the salt as industrial salt, maybe even table salt.

Enerplus (ERF) reports loss: link here. Enerplus shares have climbed 87 percent since the beginning of the year. The stock has increased 30 percent in the last 12 months.

Kazakhstan's Kashagan: produces 201,000 tons of oil in October.

China October crude oil output down 11.3% on year (October, 2016, compared to October, 2015). At  47.05 million tones = 11.08 million bbls/day, October crude oil runs rose 5.5% on year, the highest level since at least 2011. 

The Political Page

The media's narrative is starting to shift. There is much more positive news regarding Trump. It is quite remarkable. Even MSNBC Morning Joe had positive things to say about the Trump election. The most interesting thing said: a Hillary loss means they won't be grooming Chelsea to run for Congress using the White House as the vehicle. The Trump election has pretty stomped on those plans. Also, this: this morning on MSNBC Morning Joe, the two anchors were very, very complimentary on last Saturday's SNL. They thought the opening was excellent and that the entire SNL was funnier and more uplifting.

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