WTI May Open Above $50 -- And Trending Higher -- September 10, 2017

Active rigs:

$50.35↑	9/19/2017	09/19/2016	09/19/2015	09/19/2014	09/19/2013
Active Rigs	56	32	67	196	182

RBN Energy: possible scenarios for the 2017- 18 natural gas market withdrawal season.

How did I miss this? Worth re-posting:

Four companies have been chosen to built prototypes for "Trump's wall." The four are listed at this site. One of them is Fisher Sand & Gravel Co., DBA Fisher Industries, of Tempe, Arizona.

Fisher Sand & Gravel Co. of Dickinson is wholly owned by the Fisher Industries. Fisher Sand and Gravel is one of the top 25 sand and gravel companies in the United States, with operations in Arizona, Montana, Nevada, North Dakota South Dakota, New Mexico and Wyoming.

WTI: $50 and trending higher. OPEC sticks to cuts. A weaker dollar also helps.

Boom! World's biggest wealth fund hits $1 trillion. Quick! Without looking, what country. Spoiler alert: Norway. Norway's sovereign wealth fund hit $1 trillion for the first time Tuesday (today), driven higher by climbing stock markets and a weaker US dollar.

The fund’s sheer size has made it a challenge to find markets big enough to invest in. Meanwhile, Norway’s politicians are finding it hard to resist the temptation to raid the world’s biggest state piggy bank, with the petro-dollar addiction threatening to overheat the $400 billion economy.

Unwind: markets concerned that the Fed's unwinding could hurt the market. Perhaps Norway will soak up what the Fed unwinds.

Mideast deal: Russia's Rosneft clinches gas pipeline deal with Iraq's Kurdistan.

Perspective. Some folks are wringing their hands over thousand-dollar-iPhones. Let's put that into perspective. From The Wall Street Journal earlier this week: some New York city K-12 schools cross $50,000-a-year mark. Parents are increasingly concerned that "these schools are dominated by the city's most affluent families." As I commented at the WSJ the other day regarding the price of the new iPhone X, folks have no idea how much money is out there.

By the way, for the record, I've seen few negative comments over at Macrumors regarding the price of the new iPhone. The biggest decision folks were struggling with was whether to buy the $80 iPhone 8 Plus or the slightly more expensive iPhone X.