Gasoline Pipeline Leak In Alabama Will Result In Slightly Increased Gasoline Prices In Southeast US For Next Few Days -- September 16, 2016

Director's Cut with July, 2016, data should be released today at 10:30 a.m. Central Time. If the Director's Cut is released today, I would think the full monthly production report would follow shortly. 

Active rigs:

	9/16/2016	09/16/2015	09/16/2014	09/16/2013	09/16/2012
Active Rigs	33	70	198	178	193

RBN Energy: update on global LNG.

OilPrice weighs in on Apache's recently announced Alpine High. Link here. 

Apache’s recent oil find highlights what could be a new phase in fracking.

To date, fracking in the U.S. had really been all about taking explored basins and drilling new wells to get at previously untapped resources.

That strategy worked well when oil prices were more than $80 a barrel. At today’s prices though, drilling the old style rigs in mostly depleted fields to get at residual layers of black gold is a money losing strategy.

Apache’s find shows that money can be made by taking risks and looking for major new finds in areas that had been passed over previously.

Apache Corporation has struck oil in a region that no one would have expected. The believed to be clay-ridden region of the Permian Basin surprisingly contains at least $8 billion in oil, and there could be more. For years geologists have explored and drilled down to find limited resources and an abundance of clay.

Gasoline pipeline leak will result in slightly higher gasoline prices in the southeast this next week.

A leak in Alabama Sept. 9 shut the main gasoline pipeline delivering fuel from refineries along the Gulf Coast to 50 million Americans in states from Mississippi to New Jersey. Colonial Pipeline Co. said on Thursday it pushed back the estimate for a complete startup of its Line 1 to next week from this weekend, citing adverse weather conditions overnight that slowed the cleanup and repair.

New York couldn't "get" Exxon on global warming charges, so now going after Exxon regarding accounting practices.

New York Attorney General Eric Schneiderman is investigating why Exxon Mobil Corp. hasn’t written down the value of its assets, two years into a pronounced crash in oil prices.

Mr. Schneiderman’s office, which has been probing Exxon’s past knowledge of the impact of climate change and how it could affect its future business, is also examining the company’s accounting practices, according to people familiar with the matter.

An Exxon spokesman declined to comment about the investigation by the Democratic attorney general but said Exxon follows all rules and regulations.

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Giant Reptilian Fossil Found In North Dakota

This is so cool. Some weeks ago, I got back into my "evolution" phase, reading about the dinosaurs and crocodiles again. Then, yesterday, Don sent me the link to a Dickinson Press article. It could not have been more timely: giant reptile bones found in Pembina Gorge northwest of Grand Forks. Once confirmed, this mosasaur -- a sturgeon on steroids, coming of age during the time of T. rex but apparently did not survive the meteor impact -- will have a new name, and hopefully a name that connects it to North Dakota, perhaps Keystoni sandpiper, none of which lasted very long. Anyway, I've already updated the wiki entry. See this link and scroll down to new discoveries.

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If It Moves, Tax It?
Nope, If Taxed, Move

New Yorkers are fleeing the city: filing local, state, and Federal taxes elsewhere.

Taxpaying New Yorkers are leaving in droves for other states.

In 2014, 126,000 tax filers fled to other places in the US — more people than in any other state, according to a study posted on newgeography.com.

The Empire State also lost the most “high earners,” who reported making more than $200,000 a year.

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Open Carry

Ferguson fallout:

Missouri on Wednesday joined a growing list of states allowing most adults to carry concealed weapons without a permit, as the state's Republican-led Legislature used its supermajority to loosen existing gun laws.

The measure, described by supporters as "constitutional carry," allows people to carry hidden guns anywhere they can currently carry weapons openly, effective January 1. Missouri will join 10 other states with laws that allow most people to carry concealed guns even if they haven't gone through the training required for permits, according to the National Rifle Association, which supported the legislation.

The legislation also would create a "stand-your-ground" right, meaning people don't have a duty to retreat from danger any place they are legally entitled to be present. The NRA says 30 states have laws or court precedents stating people have no duty to retreat from a threat anywhere they are lawfully present. But Missouri's measure makes it the first new "stand-your-ground" state since 2011.

It also expands the "castle doctrine" by allowing invited guests such as baby sitters to use deadly force if confronted in homes.

The guns legislation prompted some of the most intense debate Wednesday. Democrats asserted it could put racial minorities at a greater risk of being fatally shot.

I'm not sure why they would think that. 

States' rights vs federal government. It looks like the federal government can stop almost anything it wants -- including perfectly legal pipelines and perfectly legal photo ID voting laws -- except for in-state gun laws.

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Canadians Ask: Should We Repeal The Law of Gravity?

Rhinoceros Party