The EIA reported Thursday morning that U.S. natural gas stocks increased by 111 billion cubic feet for the week ending May 1. Analysts expected a storage injection (increase) of around 125 billion cubic feet. The five-year average for the week is an increase of around 85 billion cubic feet.
Gasoline demand edges up (a dynamic link). Unless things change drastically, it appears I will be wrong -- gasoline demand won't hit a record this Memorial Day weekend. 

Reuters Africa is reporting that the US Delta refinery on the east coast is no longer importing west African crude oil:
Delta Air Lines Inc's refinery Monroe Energy has stopped importing crude oil from West Africa, the airline's Chief Financial Officer Paul Jacobson said Thursday during a transportation conference that was webcast. The Philadelphia-area refinery instead takes its supply from U.S. and some Canadian sources, "dramatically" lowering its transportation costs.
The refinery, forecast to earn about $80 million in the second quarter, is benefiting fully from the U.S. shale oil boom.
Note to self: find that article in which the EIA said "OPEC won, US frackers blinked."

War of words: Harold Hamm says Saudi's strategy is backfiring. He argues we are closer to seeing US export oil. Won't happen carte blanche in my investing lifetime.

Mainstream media does not mention that the Mideast leaders boycotted President Obama's Mideast summit at Camp David. "Leaders" from the Mideast were low-level Muslims, probably about "equal in rank" to SecState Kerry's limousine driver.


Tesla superchargers could be way more expensive than investors are being led to believe. OMG! That word again: investors. This is not an investment site. Do not make any investment decisions or financial decisions based on what you read here or think you may have read here.  Seeking Alpha is reporting:
Whoa. So the cost of a Supercharger was $150,000 in mid-2013, but by the end of the year, it had rocketed to $400,000! It's like, wow - it's crazy off the hook.
Then I realize that doesn't make any sense. Costs should be declining due to experience and scale, and indeed that seems to have happened in 2014 and 2015. So perhaps the cost has always been three or four hundred grand, and not the cost the company said!
Apple winning in China. Seeking Alpha is reporting:
According to IDC, Apple was the number one seller of smartphones in China in calendar Q1. According to the prevailing view of Apple bears, Apple should be succumbing to the relentless pressure of commodity Android smartphones. Why hasn't this happened? Because flooding the market with low quality "white box" smartphones has hurt the Android brand.
GM wins; union loses. Reuters is reporting:
A U.S. appeals court on Thursday upheld the dismissal of a lawsuit by the United Auto Workers union claiming that General Motors Co was required to pay $450 million to cover medical benefits for an affiliate's retirees.
Investment articles at Seeking Alpha for oil and gas investors (see disclaimer above -- yes, it's embedded above):
It looks like the Amtrak engineer needs more time to come up with a plausible story of what he was doing. Has no recollection of what happened.