- game #4: sweep / no sweep
- game #5: extend or GSWs win
- game #6: extend or GSWs win
- game #7: GSWs win
- G6+Trump
- Trump wants G8 -- (wants Russia back in)
- Trump to skip G7 environmental conference to prepare for KJU Summit --
What else?
- WTI holding above $65
- oil prices could jump to $140 on US sanctions (Iran's production data / export data, here, IEA) (I haven't read the article yet; there is only one reason why Iranian sanctions might result in surge in oil prices) (I just read the article: the $140-oil quote comes from Iran OPEC governor -- obviously no credibility; in addition, the article contains absolutely no new information
- time to do some number crushing on the back of an envelope
- time to remind oneself of the difference between WTI, Brent, and Saudi oil
- produces: 140,000,000 tonnes a year of crude oil (1,000,000,000 bbls) (conversion site)
- exports 60,000,000 tonnes (410,000,000 bbls)
- / 365 days = 1.123 millioin bbls / day = exports
- country most depended on Iranaian oil: Turkey (50% of Turkish requirement for oil is met by Iranian exports
- the Bakken is producing 1 million bopd; will set a new all-time production when June, 2018, results are release in August, 2018; unfettered, the Bakken could produce 2.2 million bopd
- the Permian is producing in excess of 3 million bopd; unfettered will go to 5 million bopd
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