Link here. This is quite amazing when you think about it: Saudi exporting only 5.84 million bopd. The Permian oil basin produces around 4.5 million bopd.
And this seems to be "false precision," estimating a global shortage of 380,000 bopd this year and even less, 130,000 bopd in 2022.
And then this.
How can analysts and experts be so far off?
- consensus forecast: a build of 800K;
- actual: a build of almost 13 million bbls
That's API data. We'll see the EIA data tomorrow.
Meanwhile, US oil production jumped 300K bopd to 10.0 million bopd.
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My New Look
I think these make me look ten years younger. LOL.
Photo by Sophia:
A Musical Interlude
Ed Bruce
- December 29, 1939 -- January 8, 2021 (just a couple of months ago)
- wrote Mammas Don't Let Your Babies Grow Up to Be Cowboys
- mostly wrote commercial jingles
- Thirty-nine And Holding
- Jerry Lee Lewis also recorded a Thirty-nine And Holding, but a completely different song
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Liberace
This is from 1955.
I saw Liberace live on stage in Las Vegas in 1977 (or thereabouts). He did this exact act -- same jokes -- identical to that in this clip. Imagine, doing this twice a night for twenty-five years.
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I Came For The Dancing, Stayed For The Music
