The Market, Energy, And Political Page, Part 4, T+68 -- October 25, 2018

Drill, baby, drill: this would not have happened under Bush II or Sir Saint Obama -- link here --

The first oil and gas production wells in federal Arctic waters have been approved by U.S. regulators.

The Bureau of Ocean Energy Management on Wednesday announced it issued a conditional permit for the Liberty Project, a proposal by a subsidiary of Houston-based Hilcorp for production wells on an artificial island in the Beaufort Sea.

The approval follows through on President Donald Trump’s promise of American energy dominance, said Interior Secretary Ryan Zinke. Comment: I cannot recall an Interior Secretary (in the last twenty years), moving as quickly as Ryan Zinke. He must know that he may only have four years.

The Arctic and Obama's dithing. And many, many articles on closer cooperation between Russia and China to develop the Arctic. Here is just one of many.

Because of Obama's dithering -- or more accurately, his policy decisions -- he gave the Russians/Chinese an opportunity to move into the Arctic well ahead of the US. Fortunately I don't think it will matter but had Obama been elected for a third and fourth term (Hillary), the US would have written off the Arctic. I don't think folks realize it but oil exploration in the Arctic is about a lot more than just oil / natural gas production. Just as NASA's space program was about a lot more than just landing a man on the moon ... and returning him safely to the Earth. Tang. LOL. By the way, whatever happened to Tang. From wiki:

The Tang brand is currently owned by Mondelēz International, a 2012 North American company split off of Kraft Foods Inc. 

Then:

Sales of Tang were poor until NASA used it on John Glenn's Mercury flight in February 1962, and on subsequent Gemini missions. Since then it has been closely associated with the U.S. manned spaceflight program, and created the misconception that Tang was invented for the space program.

It wasn't. When was Sputnik? 

The Soviet Union launched it into an elliptical low Earth orbit on 4 October 1957.

If Tang was not invented for the space program the timing was certainly coincidental. LOL. Again, from wiki:

Tang was formulated by General Foods Corporation food scientist William A. Mitchell in 1957, and first marketed in powdered form in 1959.