In focus: Mexico's presidential elections. Not going to be pretty for Mexico. I did not realize this: Mexico's refined storage capacity -- three days. Mexico has three days of storage for refined production (gasoline, jet fuel). Mexico does not have the financial reserves to increase that storage capacity. The likely new president, a leftist, has run for president twice before, has said he will end Gulf of Mexico auctions/sales.
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Back to the Bakken
| $65.96↑↑* | 4/11/2018 | 04/11/2017 | 04/11/2016 | 04/11/2015 | 04/11/2014 |
|---|---|---|---|---|---|
| Active Rigs | 58 | 53 | 31 | 93 | 190 |
*Geo-political (missile strikes in the Mideast pending); falling dollar
Reminder: the price of WTI oil firms need -- the Dallas Fed.
RBN Energy: estimating Dominion Cove Point liquefaction feedage volumes.
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