Bakken 2.0: Active Rigs Up To 36 -- October 26, 2016

Bakken 2.0: from OilPrice -- 

• remember: East Coast analysts tell us that DUCs cannot come on line "overnight"
• analysts forecast: a build of two million bbls
• actual: almost 2 1/2 times that amount -- 4.8 million bbls
• vs draw of over 5.2 million bbls previous week
• WTI drops below $50

Oil companies shift exploration tactics, curb spending -- The Wall Street Journal.  I didn't see that one coming. LOL.

US said to be closing in on PDVSA-linked seizures, charges. Bloomberg. Tick, tick, tick.

Oil and natural gas revenues importance:

• to Saudi Arabia -- accounts for 90%+ of their national budget revenue
• to Russia -- accounts for 40%+ of their national budget revenues -- EIA, Oct 25, 2016

The Russian Northern Fleet is off the southwestern coast of Portugal; should reach its destination a few days before US national election (to do this at home, click here; at the toolbar at the top, click on the "ship icon" to bring down the drop-down menu, and click on "All Vessels"; begin to type in "Nikolay" in the search box at the left, and then click on "Nikolay Chiker"; then click on "Latest Position" if it doesn't automatically show latest position; leave photo of the tug on the screen, but you can move it out of the way; then use +/- icons to zoom out to see where the Northern Fleet is located). The tug is part of the fleet. Since my last search 12 hours ago, the tug has turned from a southerly direction to a southeasterly direction headed to Gibralter. The new position was "received" 5 1/2 hours ago, so if there was not a "waiting line" to get through the chokepoint, I assume the Fleet is moving through the strait.

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Back to the Bakken

Active rigs:

	10/26/2016	10/26/2015	10/26/2014	10/26/2013	10/26/2012
Active Rigs	36	68	194	182	186

RBN Energy: Supplying Mexico's growing natural gas demand, part 2.

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The Market

AAPL shares drop below $114.

Comcast shares surge.

Mid-morning trading: wow, that's a surprise. Market goes green. WTI recovers a bit. AAPL still down 3%. 

Open: market down about 80 points.

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Valiant Ambition: George Washington, Benedict Arnold, and the Fate of the American Revolution

Nathaniel Philbrick

c. 2016

DDS: 973.4 PHI

Chapter 12

The Crash

August - October, 1780. The Brits and colonists have been at war more than three years. Getting tired. Colonists divided among themselves. Benedict Arnold has "turned."

Arnold at his headquarters on the east side of the Hudson, north of NYC, a little more than a mile down river from West Point on the west side of the river. Arnold's headquarters: the Robinson house.

Still invalided with his bad left leg.

Could sail up and down the Hudson; 8 oarsmen and a coxswain.

He was commander of West Point. He did not know if Clinton, CinC at Brit NYC had accepted Arnold's terms. Needed to find out. 

Learns from a spy that Clinton has accepted Arnold's terms, especially if Arnold can guarantee capture of 3,000 troops at West Point.

Arnold learns of stunning defeat of colonist Benjamin Lincoln at Charleston. Following that, Continental Congress appoints Horatio Gates as commander of the southern army. 

Then Gates loses one of the bloodiest and most humiliating defeats of the war, Camden, SC.

The war not going well for any of the colonists, and Arnold, the commander of West Point has turned sides, and many colonists have had enough.

The story of the British spy Andre who at 30 had risen to Clinton's adjutant general. 

Now, down to Sandy Hook, south of NYC harbor. British admiral George Rodney with a fleet of 16 ships had arrived.  

Arnold and Andre take Rodney into their confidence.

HMS Vulture arrives south of West Point.

Arnold has reasons to get to the Vulture. 

It just so happens that Geo Washington, His Excellency, is going to cross the Hudson at King's Ferry that afternoon on his way to Hartford, CT.

Arnold and Geo Washington had a brief meeting; the last time they would see each other.

Geo Washington and 50 officers continue to Hartford (including Alexander Hamilton, Henry Knox, and Lafayette).

Arnold told the Brits he would help them take West Point, but they had to attack on September 23, because Geo Washington was coming back after that date to inspect West Point.

Andre and Arnold make plans during the night.

Incredibly, the colonists start firing on the Vulture -- it had no choice but to scoot down the river to safety, leaving Andre and potential glory behind.