- 32742, 1,996, Hess, HA-Grimestad-152-95-3031H-8, Hawkeye, Three Forks, 60 stages; 4.2 million lbs, large (40/70); small (30/50); t5/17; cum 8K after 4 days;
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Headline
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Headline
Sean Spicer resigns? Apparently. Not a happy separation. Having said that, I always thought Spicer talked too much when giving answers to rabid press.
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The Open
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Supply And Demand -- Ethanol
From the EIA today:
Through the first six months of 2017, U.S. weekly ethanol production averaged 1.02 million barrels per day (b/d), an increase of 5% over the same period in 2016. On a weekly basis, U.S. ethanol production set a record of 1.06 million b/d in the week of January 27, 2017, and it has averaged near or above 1 million b/d in every week of 2017 except for a few weeks in April, when ethanol plants typically undergo seasonal maintenance. If ethanol production remains relatively high through the second half of the year, as EIA’s Short-Term Energy Outlook (STEO) expects, 2017 will set a new record for annual fuel ethanol production. --- EIAThe real world:
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Third Party Payers -- It's Not Just The Health Sector
When a reader sent me a link to a story suggesting the new Apple iPhone could cost upwards of $1,000, I replied (not ready for prime time):
Apple broke the code on iPhone pricing -- 3rd party payers, just like the health industry.Very few people actually pay the advertised price. The phones are greatly subsidized by the phone company with which one signs a contract for about two years. This will be a huge price to pay for ATT, Verizon. It's very possible they will have to extend the contract for 3 years to pay the $1000 and give the phone away for free to Sophia.Like health care, if there's a third party payer, the provider can charge whatever they want. In fact, the higher the cost, the more "loyal" the customers become.
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