March 17, 2016 -- Part II

On March 4, 2016, I wrote: once the price of oil starts moving, it tends to move quickly.

From today's market action; all times EDT:

11:32 a.m.:

One hour later, 12:35 p.m.:

Two hours later, 2:53 p.m.:

Near market close, 3:25 p.m.:

Talking heads suggest price of oil is "surging" due to weakness of the dollar. To some extent. Perhaps. Call me Thomas.

Stories I will come back to later:

• FedEx CEO's strange rant (and they call Trump a buffoon); my rant here;
• North America's largest coal power plant to become a solar farm; my post here; 
• IEA lost track of 800,000 bopd last year; it's a non-story; 
• California relies on "produced water" 
• Europe has chance to pivot west for natural gas supplies; posting short blog note here;
• fooled by oil's false bottom, most US shale firms skipped hedging in 4Q15; earlier HH was greatly burned by this 
• Williston to get "Special Ops" team; story and comments here; 

Tweeting now: US oil output last week averaged 9.06 million b/d, -10,000 b/d vs. previous week and -351,000 b/d YOY.

Gasoline demand:

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Unlike her 9-year-old sister (Olivia), Sophia now loves to have her photograph taken. She says "cheese" when the camera comes out and she loves watching videos of herself. Notice the "NASCAR Pose Of Confidence."