WTI closed out the week at $55.70. Folks talk a lot about all the plays in the US, but basically the plays in the US come down to the Permian and the Bakken.
This was a terrible week for Tesla and TSLA. Here. Tesla watch here.
Venezuela, one step closer to bankruptcy. Saudi Arabia continues to hemorrhage cash. Saudi will need $70-oil to balance federal budget in 2018. Good luck.
The economy continues to get better and better by any objective measurement -- and yet the mainstream media has trouble dealing with it. Perhaps one of the best indicators of the growing economy was this: American orders for trucks soar.
This week, it was reported that the unemployment rate in the US was the lowest since 2000. Lynn Helms suggests there are seventeen (17) unconventional resource targets in the Williston Basin. Not two, not three, not four ... but seventeen.
Meanwhile in the Bakken:
Operations:
Active rigs dropped to 51 early in the week but by the end of the week had recovered to 55
CLR well has jump in production without explanation
Fracking
QEP talks about re-fracking in earnings call
Whiting reports the results of a thrice-fracked Koala well in Poe oil field
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