The Energy And Market Page, Part 2, T+238; S&P Closes Over 2,500 For First Time Ever -- September 15, 2017

Pundits: didn't "they" say September was historically a difficult month for investors? The month is not over and things could change, but right now the Dow is on track to have its best week since April. The S&P 500 crosses 2,500 for the first time ever. The Trump rally continues. September 15th. You were around to see it. Enjoy the weekend.

Records:

• another record day for the Dow
• another record day for the S&P 500
• another record for the Nasdaq? nope, but close
• close to, or setting, a new record for volume of shares traded

NYSE,

• new highs, 101, including: Boeing, CAT, Statoil, Valero
• new lows, 6

FERC that, New York! FERC overrides New York pipeline permit denial. Governor Cuoma telegraphed this would happen. Decision based on a technicality. Hunch: faux environmentalists will try to take this to the US Supreme Court. Quick! Without looking? How long a pipeline are we talking? Eight (8) miles.

EVs. Investor's Business Daily says one bottleneck could "block" EVs. I haven't seen the article yet, just the headline. Bottlenecks: a) batteries; b) charging stations; c) neighborhood transformers. So, let's see what the article says: a shortage of a key battery component could throw a wrench into their vision for a future of electrified cars. Yup, that was my first guess -- batteries. Now let's see what that rare earth metal (or is it lithium) that will be the issue? Yup, it's lithium.

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Bakken Economy

From The Williston Wire:

Enplanements at the Williston Airport continue to be about the same as last year. In August 2017 there were only 88 fewer passengers compared to the same time in 2016.

Currently, commercial flights at Sloulin Field International Airport are at capacity; making growth difficult.

Airport officials hope more commercial flights will be added in the spring.