I think I could devote an entire blog to Goldman Sachs opinions. Now this one, which will probably change by the end of the day. Same arguments as always. Note to newbies before reading the article: when it comes to global oil --
- Libya does not matter
- Iran does not matter
- Venezuela does not matter
- Saudi Arabia
- Russia
- Texas
Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very, very tight oil market,” Michele Della Vigna, head of energy industry research at Goldman Sachs.Not just a tight market,
There is no doubt that we are heading to slowing supply growth, according to Goldman’s expert. Venezuela’s oil production continues to decline, the heat on Iran could remove up to 1 million bpd off the market depending on how some countries like China react, Libya remains in a constant state of unpredictability, and U.S. supply growth is constrained by infrastructure—taken all together, Vigna sees those factors as “a substantial risk to supply.”
Not just a very tight market.
But, a very, very tight market.
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The Book Page
The Book Page
My book of "consequence" this week, well, actually two. The first:
Darwin's Fossils: The Collection That Shaped the Theory of Evolution, Adrian Lister, c. 2018 -- a simple, what-appears-to-be, a fun little monograph. Light reading, a nice beach book.The second:
She Has her Mother's Laugh: The Powers, Perversions, and Potential of Heredity, Carl Zimmer, c. 2018. Paging through it suggests it's the kind of book I generally don't like -- a great thesis, but veering off in all directions, but it's thick at 574 pages and will keep me occupied for the week. In addition to the 574 pages of text:
- glossary: 2 pages (which will give me an idea of the "complexity" of the book
- notes: 22 pages
- bibliography: 44 pages (something tells me the author didn't actually read much of any of these sources)
- index: 12 pages
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Morphed
It seems I posted how celebrities from the past morph into celebrities of the future. I can't find that post now.
Whatever.
It does not seem a stretch to guess which modern day celebrity Wayne Cochran morphed into.
There are rumors he shared a hairdresser with Tammy Wynnette and Loretta Lynn back in the day.
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