CBR To East Coast Refineries Setting New Records -- EIA; May 5, 2015

Folks may be interested in looking at some of the nice wells QEP will be reporting today, from the Grail. Link here.

Active rigs:

	5/5/2015	05/05/2014	05/05/2013	05/05/2012	05/05/2011
Active Rigs	85	186	192	210	177

RBN Energy: the Marcellus/Utica, again -- risk of huge oversupply to the northeast this summer.

Daily EIA "energy cookie":

Monthly rail receipts of crude oil accounted for more than half (52%) of the crude oil supply to East Coast refineries in February. As U.S. and Canadian production of crude oil has increased, crude supply by rail to East Coast (PADD 1) refineries has grown, displacing waterborne imports of crude oil from countries other than Canada, such as Nigeria. While refinery utilization in Petroleum Administration for Defense District (PADD) 1 in early 2015 has been below typical levels, this still marks the first time in EIA's dataset that crude deliveries by rail have accounted for such a high percentage of East Coast refinery supply. --- EIA

Tesla update in today's WSJ. Subdued remarks in Japan. Elon Musk:

“We don’t have supergrand ambitions. It’s not like we expect to be, like, the leading seller or even remotely close to that,” he said, according to a transcript of the interview. “If you look at our sales last year, world-wide, it was only about 32,000 cars. That was for the entire world. And this year, maybe, we’ll be a little bit above 50,000 cars. So, we’re only talking a few thousand cars here. It’s not a huge number.”

I wouldn't make a lot of this; folks are very humble in Japan.

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