The Energy And Market Page, T+237 -- September 14, 2017

WTI goes over $50, but closed at $49.74. On the other hand, the Dow closed at another record high.

Updates

September 18, 2017: was record gasoline demand reported last week an anomaly? Most likely. From EIA:

Hurricane Irma has created several issues with gasoline markets in Florida, both by prompting increased demand and disrupting the supply chain needed to deliver gasoline. Hurricane Irma made landfall in South Florida on September 10 and proceeded on a northwesterly path up the length of the state. Because of the evacuation of people in anticipation of Hurricane Irma, demand for transportation fuels and the logistical challenges in supplying Florida began before it made landfall. As Hurricane Irma approached, shipping traffic was diverted and ports closed, stopping the flow of petroleum products into Florida. People filling their gasoline tanks in anticipation of the storm resulted in a rapid increase in demand. In Hurricane Irma’s aftermath, demand is slowly returning to normal levels, allowing time for resupply to arrive and supply chains to adjust.

There are no refineries in Florida or pipelines connecting Florida to supply centers along the U.S. Gulf Coast or any other state. Therefore, unlike most other parts of the country, Florida is almost entirely supplied by marine movements of petroleum products from domestic and international sources.

Original Post 

Gasoline demand, source:

I find it absolutely remarkable that even after two epic storms hit two huge US states, shutting down "business as usual" for weeks, maybe months, and even before the "acute" stage is over, gasoline demand last week exceeded demand during same period one year ago, and if I recall correctly, US gasoline demand set an all-time record in 2016.

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A Bridge Too Far

City Won't Rezone Nabors Property For Hotel
North of Williston, Near Love's

From The Williston Herald:

Williston City Commissioners voted to deny Nabors Drilling Technologies request to rezone its workforce housing camp to commercial so they can turn the property into a hotel. The vote split the commission 3 to 2.

The 10-acre property is just north of Love’s truck stop and was originally permitted by Williams County, which had zoned it commercial. It was brought into the city’s extra-territorial jurisdiction, which is an area still in the county but that comes under city zoning. During the review and rezoning process that came with that shift, the property was changed to light industrial.

It seems Nabors or the city not willing to put in necessary amenities for a re-zone:

The street fronting the Nabors property is gravel, however, and there is no plan to upgrade it.