Locator: 51175B.
The stock to watch ... later today ... technically this was yesterday, and the smaller print is today .... full year guidance raised again yesterday --- this is the second time guidance has been raised in 2026 ....
This says all I need to know about fossil fuels: link here. Note: he didn't just buy a few turbines; he bought the whole company. Think about that.
APR Energy:
Willie Nelson: my sister-in-law attended a Willie Nelson concert over the weekend. Willie Nelson is 93 years of age this year; birthday in April. Apparently it was a great concert. I bet it was.
WTI: the ceiling is currently $80. Once it breaks through, $80 will be the new floor. What to watch? Not the mideast. Watch China. At some point, China is going to need to start importing more gasoline. When/where will we first see that data? Over at x.
Also, watch the SPR. Some analysts suggest when the SPR gets to a certain level, it is no longer possible -- or nearly impossible -- to pump any more oil out even though the SPR is still not technically empty.
Geological Unpumpable Limit: 150 million barrels. Pumping oil below
this level risks wellbore destruction, pipe shearing, and cavern
collapse.
Statutory Minimum Limit: 250 to 252 million barrels. The
Department of Energy and Congress treat this as the operational floor to
ensure the nation retains a viable emergency cushion. I believe we are quite close to the "statutory minimum limit." That's also the "headline limit": when we come close to 250 million bbls remaining, the headlines will scream $100 oil (or much worse).
Anticipation: all green is good.
Apple iPhones:
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Back to the Bakken
WTI: $80.36.
New wells reporting:
- Thursday, July 16, 2026: 25 for the month, 25 for the quarter, 378 for the year,
- 41697, conf, Hess, SC-Bingeman-154-98-0904H-9,
- Wednesday, July 15, 2026: 24 for the month, 24 for the quarter, 377 for the year,
- 41546, conf, Oasis, Ellis 5602 13-17 4B,
RBN Energy: crude oil balances in Louisiana's refining regions; poised for a change? Link here. Archived.
Crude oil sourcing for the three refining regions in Louisiana
couldn’t be more different from each other. Southeastern Louisiana
relies heavily on offshore Gulf production, Southwestern Louisiana
primarily on inflows from Texas and waterborne crude, while Northwestern
Louisiana depends on a mix of pipeline, rail and truck supplies. Those
supply/demand patterns have defined Louisiana’s crude balances for
years, but forces beyond the state's borders may be emerging that could
begin to reshape the state’s flow dynamics. In today’s RBN blog, we
examine crude oil flows into and out of the Bayou State, assess
supply/demand balances, and explore why understanding those balances
could be increasingly important in the years ahead.
This is the third blog in our series about crude oil pipelines and refineries in Louisiana and Southern Arkansas. In Part 1,
we said the 16 refineries there account for almost one-fifth of total
U.S. refining capacity and can consume more than 3 MMb/d of crude oil
from a wide range of domestic and foreign production areas. We also
divided the refineries into three buckets — Southeastern Louisiana
(eight refineries with a combined capacity of nearly 2.2 MMb/d;
pink-shaded rows in Figure 1 below), Southwestern Louisiana (three with
911 Mb/d; blue-shaded rows), and Northwestern Louisiana and Southern
Arkansas (five with 176 Mb/d; green-shaded rows) — and noted that
refineries in each of the buckets generally turn to many of the same
sources for their crude oil and use pretty much the same means to
deliver oil to their facilities.
