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Friday, November 28, 2014

Black Friday -- More Subdued Now That Stores Are Opening After Thanksgiving Dinner -- November 28, 2014

Wells coming off confidential list yesterday and today have been posted. Link here

Tea leaves: North Dakota oil production will take big "hit" in November (data will be released January 15, 2015); in addition to everything else previously reported, now it's the weather. From a weather forecast on Thanksgiving, the Bakken was going to get hit with another messy storm:
November 27, 2014, 1:15 pm CST Update: Light snow continues to spread across western and central North Dakota this afternoon. At this time the heaviest snow is located across northwest North Dakota at places like Williston, Tioga, Stanley [also known as Bakkenland].
Messy and freezing: light freezing rain may mix in with snow later this evening across the northwest. Light snow accumulations of less than an inch along the SD/ND border to 3 inches along the ND/Canada border are expected by the late evening hours.
It's starting -- it's being tweeted now -- Libyan rival prime minister says country might break up if recognized government in east forms its own state oil company. 

Enbridge "needs" another Canadian-US pipeline. Whether or not it ever gets built, it tells me again, just how much oil there is in western Canada. Early indications: Minnesota prefers rail. The Dickinson Press is reporting:
The 1,031-mile Pipeline No. 3 would replace the company’s 1968-vintage Line No. 3, and would bring more Canadian tar sands crude oil into the U.S.
The company hopes to have the $7.5 billion project underway in 2016 and completed by 2017.
But one has to chuckle. "Everyone" complains about old rusting pipelines and the need to upgrade all the rotting infrastructure across the US, but as soon as an oil pipeline company proposes to do just that, "everyone" comes out of the woodwork and yells, "not in my backyard. We meant somewhere else."  And political leadership is afraid to call them on that.

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Active rigs:


11/28/201411/28/201311/28/201211/28/201111/28/2010
Active Rigs183191184198163

RBN Energy: ethane exports to help power the Caribbean.

Meanwhile, the Obama plan to power Africa seems to have been another shell game. Reuters is reporting:
The five-year plan has not yet delivered the power.
Power Africa has not measured its progress by counting actual megawatts added to the grid but promises of additional power made in deals it says it helped negotiate, according to sources inside the project and documents seen by Reuters.
Some projects facilitated by Power Africa -- a program operated by the U.S. aid agency USAID -- were under way years before the scheme's inception, others are still in the planning stage.
It is unclear how much of the $7 billion Obama pledged has actually been spent or if a further $20 billion in private sector investment commitments will materialize.
"Saying you've met targets on projects that might never happen or taking the credit for projects that have been worked on for years makes me uncomfortable," a source working on Power Africa told Reuters. "It's misleading."
Sort of like ObamaCare. Even Senator Schumer now recognizes ObamaCare for what it is.

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Second Autumn Event, 2014 -- Winter Storm Cato
First entries November 25 - 26, 2014
 
Albany, NY, breaks 1888 snowfall record with 6'7" inches falling on Wednesday - Approximately 15 people reported protesting in Ferguson, MO, as snow falls on area 
More than 48,000 New York customers without power due to snow storm
Northeast: 730 flights canceled; 4,300 delayed 
More than 300,000 customers without power in New England due to snow storm
110,000 folks in Maine with no power, electricity -- November 27, 2014
Now has a name: Cato -- November 27, 2014
New weather storm to hit Pacific Northwest, Seattle, Portland -- November 27, 2014
Avalanche in Rockies in November -- November 27, 2014
110Kin Maine; 30K in Massachusetts; 195K in New Hampshire without power -- Nov 27, 2014
Minnesota coldest Thanksgiving since 1930 -- November 27, 2014
16K in Massachusetts remain without power; 15 inches of snow -- Nov 27, 2014
Earliest winter in decades sweeps nation -- November 27, 2014
To keep them warm in the White House: six kinds of pies for Thanksgiving -- Nov 28, 2014
133K in New Hampshire still without power on Friday -- November 28, 2014

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Quiet In Target, 8:49 a.m. CT, Black Friday

The subject line says it all. 

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