Wednesday, December 10, 2014

WTI Plunges 5% -- Down To $60 -- December 10, 2014

Probably due to BofA's outlook posted earlier.

It will be interesting to see how fast they can stack rigs in the Bakken.

Active rigs:


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Active Rigs187193181200166

RBN Energy: Canadian LNG export facilities in trouble -- slip, slipping. sliding away
But: The development of US liquefied natural gas (LNG) export facilities is picking up steam. Four projects—Sabine Pass LNG, Cameron LNG, Cove Point LNG, and Freeport LNG—are now under construction (up from only one this past summer), and Sabine Pass is only a year or so away from liquefying and exporting its first LNG. But what about Western Canada? It’s got tremendous LNG export potential, but project proposals continue to face headwinds from cost concerns, regulatory uncertainty and the most recent hurdle – lower oil prices.
Today, we consider the latest news on efforts to move Western Canadian gas to Japan and other overseas markets.
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At Least It's Hard To Catch

Being tweeted now, 12:18 p.m. CT, December 10, 2014: Word Health Organization reports Sierra Leone had 397 new confirmed Ebola cases in week ending December, 2014: 3 times as many as Guinea and Liberia combined - @Reuters; death toll from Ebola outbreak rises to 6,388 deaths out of 17,942 cases as of Dec. 7 - @Reuters

2 comments:

  1. Bruce: Iam hearing rumors of 25 Rigs being stacked by this time next week and possibly 60 within the month

    ReplyDelete
    Replies
    1. That would not surprise me. Throw in the winter coming and everything else, and the operators will be circling their wagons.

      Delete

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