Friday, March 31, 2017

US Energy Production Falls For First Time Since 2009 -- The Market And Energy Page, T+69 -- March 31, 2017

US energy production falls year-over-year for first time since 2009.
U.S. primary energy production totaled 84.1 quadrillion British thermal units (Btu) in 2016, falling 4% from the 2015 level, the first annual decline in U.S. energy production since 2009. The decline in production coincided with an increase in both total energy imports and exports. --- EIA  
Fracking 2.0. That's what The Wall Street Journal is calling it. Today a nice article on EOG.

Memo to self: send note to Jane Nielson. Previously posted, and posted often:
This still remains one of my favorite posts. Jane Nielson says:
Frequent Internet users are getting emails about the Bakken Formation in North Dakota and Montana, supposedly a great oil bonanza just waiting to be tapped if only nasty enviros would let it happen. The emails and websites say that Bakken would solve all our petroleum “needs.” (What, me worry about  global warming?)
Don’t believe it. There’s some oil to be gotten out of Bakken, and it’s going to be exploited. But the “bonanza” is nothing but hype.
Then cite these two posts following the NDIC April, 2017, hearing dockets:
Apple: another record high? I think so. 

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