I Was Wrong: Someone At NDIC On Vacation? -- July 24, 2015

See this post for background to this note:

July 24, 2015: I may have been wrong. Another writer suggests that the reason for this 28-well completion was because the NDIC has only one employee who can enter the data and he/she was on vacation, and when he/she returned, all the data was input. From the reader who caught this, something I missed:

Did you happen to see the "explanation" of why there weren't any completions for awhile and then 28 all on one day's report?

Apparently NDIC has only one employee who can enter the data?? And he was on vacation??? Really??!!

https://sayanythingblog.com/entry/a-funny-story-about-that-alleged-slowdown-in-north-dakota-well-completions/

I liked the comment at the end (f the commentator's source is as reliable as posted):

"From a direct energy insider source, a major Bakken player is actually adding rigs within the next few months. Fracking is going to begin picking up using a new method which cuts the frack cost in half. He thinks we will have another 6 months of status quo, and things will take off again.

"Not quite ever the break neck pace of two years ago, but back to comfortable levels. Boom is far from over."

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The Red Queen Hasn't Fallen Off Her Treadmill

From SayAnythingBlog:

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US Economy

The forecast for US auto sales in July are really quite remarkable, not just the number but the type of vehicles being sold.

Folks in the showroom are being told that the days of crude oil shortages are over; cheap gasoline as far out into the future as one can see.

From SeekingAlpha: U.S. auto sales forecast to rise 2.6% in July Jul 24 2015.

Kelley Blue Book forecasts new car sales in the U.S. will increase 2.6% Y/Y in July to 1.47M units, led by a 13.4% jump in the compact SUV/crossover segment.

Forecasts by major manufacturers are posted below.

• General Motors: +0.7% Y/Y to 258K units, market share of 17.6%. 
• Ford: +0.8% to 214K, market share of 14.6%. 
• Fiat Chrysler Automobiles: +4.4% to 175K units, market share of 11.9%. 
• Toyota: -0.4% to 215K units, market share 14.6%. 
• Honda: +2.3% to 139K units, market share 9.5%. 
• Nissan: +4.6% to 127K units, market share 8.6%. 
• Hyundai/Kia: -0.3% to 119K, market share 8.1%. 
• Volkswagen: +5.1% to 52K, market share 3.5%.

I "get" Volkswagen, and I know Chrysler is having an incredible run with Jeep, but I don't know what is moving Nissan. Is it the Nissan Rogue? From US News:

The 2015 Nissan Rogue ranks 5 out of 27 Affordable Compact SUVs. This ranking is based on our analysis of published reviews and test drives of the Nissan Rogue, as well as reliability and safety data.

Meanwhile, it was announced that Mitsubishi will be closing its one factory in the United States.