Saturday, June 7, 2014

President Obama Chooses A Friday The 13th To Visit North Dakota ...

.... and the big news that day won't be his visit to Standing Rock Reservation.

Michelle gets a "big play" in the linked article regarding their visit to North Dakota, so I assume the visit is for Michelle to help the Native Americans eat a better diet. Or plant more gardens. It will be interesting if he stays overnight.

But, the big story next Friday: the Director's Cut could very well be released that day. There is a very, very good possibility North Dakota hit the one-million-barrel-of-oil-per-day-production milestone in April. If North Dakota did not hit the one-million mark it's not big deal, but it would be a surprise.

The last Director's Cut was released on May 13, 2014: at that time, the daily production only had to increase by 23,000 bbls/day to reach the million-bopd milestone. Generally, the data is revised upwards to reflect late reporting wells. If so, it means the delta to one-million-bbls will be even less.