Sunday, June 17, 2018

North Dakota Will Out-Produce Venezuela By The End Of This Summer -- June 17, 2018

This is why the blog is important to me.

Ten years ago I would not have been able to put "one million bopd" in perspective.

But now I can:
So, that's what a million bopd means.

On a side note: Bernie Sanders advocates the Venezuela model of government.

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For Newbies

All things being equal (and they are not), the price of WTI will drop as the dollar gets stronger. The US dollar gets stronger when the "Fed" raises rates. Right now, 10:31 p.m. CDT, crude oil futures show crude oil down almost 2%; down another $1.28, trading below $64, now trading at $63.78.

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For All That Angst ...

... the S&P 500 is still closing in on 2800 which would be another all-time high. Good luck to a..

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