“As subsidies on new energy vehicles drop sharply, sales of new energy vehicles are falling short of expectations. It is expected that the profit of the company’s new energy vehicle business will also decline to a certain extent compared with the same period of last year,” BYD said in a stock exchange filing.Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.
First things first: huge shout-out to Starbucks -- coffee "on the house" this morning -- I came in despite fierce rain, cold; breakfast free with "stars" rewards; what a great country.
First things first: seventh and final game of the World Series tonight.
First things first: Apple, Inc, reports earnings after the market closes this afternoon
Fourth straight inventory build: right in line with expectations -- small build; less than a million bbls; EIA to report later this morning.
Texas advertises in California: "we have electricity." Governor Newsome disputes; says it's not possible to have electricity 24/7; questions whether Texas even exists.
Gasoline: regular unleaded gasoline down to $2.08 almost everywhere in north Texas. Actually, I suppose most signs show $2.18/gallon but it's easy to find $2.08/gallon. And then I see that US crude oil inventories increased again last week -- albeit at a very small pace.
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Back to the Bakken
Active wells:
| $55.51 | 10/30/2019 | 10/30/2018 | 10/30/2017 | 10/30/2016 | 10/30/2015 |
|---|---|---|---|---|---|
| Active Rigs | 59 | 68 | 52 | 34 | 70 |
Only one well coming off the confidential list today --Wednesday, October 30, 2019: 95 for the month; 95 for the quarter:
- 35280, 409, Enerplus, Marigold 149-93-21B-22H-LL, Mandaree, t4/19; cum 66K 8/19;
To hear proponents of Uinta Basin waxy crude oil tell it, all that’s keeping the hydrocarbon-packed region in northeastern Utah from significantly increasing production in the 2020s is a better way to transport their shoe-polish-like crude to Gulf Coast refineries than trucking to existing transloading facilities. And now, they think they’ve finally found it. If all goes to plan, by early 2023 a new, 85-mile short-line railroad will be in place to move at least two 110-car unit trains of waxy crude a day from the epicenter of Uinta Basin production to interconnections with two long-haul rail lines. That would give producers significantly enhanced access to markets far beyond the five Salt Lake City-area refineries to which they now truck some 90% of their output. Today, we conclude our series on the Uinta Basin with a look at the proposed Uinta Basin Railway crude-by-rail project and what it would mean for the play’s producers, as well as for Gulf Coast refiners.
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