Talk About Bad Timing; Prepare To Be Inspired -- September 14, 2016

Updates

September 19, 2016: MarketWatch just now noted this change.

Original Post 

From the EIA today:

Starting with the Weekly Petroleum Status Report published on October 13, 2016, the U.S. total commercial crude oil inventory weekly data series will no longer include lease stocks.

This change reflects our understanding that lease stocks are not yet available for commercial use and that in many cases operators do not count them as production until they are transferred off of the lease via pipeline, rail, or trucks to tank farms for storage. Crude oil lease stocks, currently about 31 million barrels, refer to oil that is stored in tanks at sites across the United States where producers are drilling on leased land.

Lease stocks have been relatively small and stable, ranging from just 30.6 million barrels (5.8%) to 33.1 million barrels (7.4%) from January 2014 through June 2016. Over that same period, total U.S. commercial crude oil stocks have increased from 367 million barrels to 529 million barrels, as rising U.S. crude oil production contributed to growing commercial crude oil inventories. As of the week ending September 9, the total U.S. commercial crude oil inventory was about 511 million barrels including about 31 million barrels of lease stocks. --- EIA

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BP: Permian Too Expensive; Argentina A Better Bet

From Bloomberg, some data points:

• BP thinks the Permian is too expensive
• BP more interested in Argentina's Vaca Muerta shale
• Vaca Muerta: one of nine "key activity" areas in the Western Hemisphere -- according to Exxon
• BP still reeling from the $60 billion fallout from the 2010 Gulf of Mexico oil spill
• BP has a joint venture through Pan American Energy LLC  (60 percent owned by BP; 40 percent by Bridas Corp -- a partnership between the billionaire Bulgheroni brothers and China's CNOOC
• BP: sees oil at $50/bbl for remainder of 2016
• BP: in the long term, BP will shift toward natural gas over oil

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The Apple Page

This is Wednesday. Friday, the iPhone 7 and 7 Plus will be available at Apple stores. People have started camping out at the stores. 

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The Health Issue

It looks like Women's Health  has a special issue this month.

As the reader who sent me this link said, "I can't make this stuff up."

This screenshot was taken on September 14, 2016, at around 1:00 p.m. Central Time. This "issue" of Women's Health was dated September 13, 2016, two days after the individual in the middle suffered a "medical event" that has perplexed the brightest minds in journalism, including Charlie Rose.

Whatever. I'm preparing to be inspired.

Table of contents:

• Seizures: how to "power" through them. A first hand account, by Hillary Clinton.
• When it comes to seizures, how many are too many? By Bill Clinton.
• Sexting, seizures, and support systems. The four "S's. By Anthony Weiner.
• Managing schedules when your boss has random "falling out" spells. By Huma Abedin.
• Suffering from dehydration? Carry bottled water. By Dr Oz.
• Setting up a "home" emergency room and ICU. By Chelsea.
• Pneumonia? Concussions? Hypothyroidism? Brain clots? How to manage multi-organ disease while running for public office. Special insert from the Mayo Clinic.
• Zeiss Blue Lens Glasses: the answer to photo-induces seizures. Advertising supplement.
• End-of-summer bikini shoot. Special 12-page photo extravaganza.