Thursday, March 15, 2018

Is Buffett This Smart Or Just Lucky? -- March 15, 2018; A Norwegian Wins The Iditarod

Arnold Palmer Invitational: Tiger Woods will be playing. Starts today.

March Madness: "First Four" completed, and now to the tournament. Huge day today as the first round begins. Sixteen (16) games today. The game to watch: Alabama vs Virginia Tech.

Iditarod: after conquering the Winter Olympics, a Norwegian wins the Iditarod.

Statoil name change: to Equinor. Removes "oil" from name. Embraces renewable energy. My hunch: under duress they made the decision -- a political necessity. 

Another casualty due to Apple, Inc: iHeartRadio files for bankruptcy
Texture:
Under the radar/connecting the dots:
Jobs report: econoday -- first time unemployment claims -- unremarkable
  • forecast: 229K
  • actual: 226K
  • prior (revised): 230K
Chart of the day: look at the decline of US - Saudi oil imports year-over-year, via Twitter:

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Active rigs:

$61.353/15/201803/15/201703/15/201603/15/201503/15/2014
Active Rigs574630112190

RBN Energy: the power generation drivers of East Coast gas demand growth.
The worst of this winter’s cold has passed, but the impact of structural changes in U.S. power generation will be felt in natural gas markets for years to come. The generation mix has been changing rapidly in recent years, and the switch from coal to gas is happening at an even faster pace on the East Coast than in the country overall.
This switch reflects both coal-plant retirements and ongoing competition between remaining coal plants and gas plants. But low-cost gas supplies in the Marcellus and Utica plays don’t always have ready access to the biggest consuming markets, and this winter, we saw how the increasing call on gas for Eastern power generation can stress the gas pipeline grid and cause price blowouts. Today, we continue a series on Eastern power generation and prices by untangling the sources and drivers of gas-fired generation growth in the region.

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