Friday, September 7, 2018

DAPL: Low Risk Of Harm -- USACOE; Jobs Numbers Blows Past Estimates; Unemployment Rate Unchanged -- More Folks Entering The Workplace -- September 7, 2018

Jobs / making America great again: August employment data to be released at 8:30 a.m.this morning. Link here. Consensus/actual (pending):
  • nonfarm jobs added, month/month change: 195,000 / 201,000 --- wow
  • unemployment rate: 3.8% (tick down from 3.9% in July) / 3.9% -- unchanged
  • private jobs added, month/month change: 190,000 / 204,000 -- wow
  • manufacturing jobs added, month/month change: 21,000 / down 3,000
  • workweek: 34.5 hours / 34.5 weeks
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Wow, They're Reading The Blog Over At CNN

I posted the Tesla bond on September 7, 2018. Three days later, CNN posts almost the very same story, with practically the same graph. Link hereDid they give the milliondollarway blog credit. LOL. No.

Here's the original post:

Elon Musk toking on radio overnight. Probably not a good idea. Hunch: Elon Musk getting ready to hire Colin Kaepernick as COO. TSLA sinking in pre-market trading -- now solidly below $280. Now, later, I see that Tesla CAO resigns after just one month, stock drops 9 percent, now trading under $260. The beginning of the end? Could SEC stop trading today? Bonds implode. Holy mackerel:

Speaking of which: did anyone watch the opening NFL game last night? I happened to walk past a big screen televising the game (score 3 - 0) when I went out to DFW to pick up Olivia from socccer practice out at Drive Nation. And that was it. When I came home, I watched the "re-play" of the PGA FedEx BMW tournament. Tiger Woods is tied for the lead with Rory McIlroy after the first  round. Due to weather concerns, the second round started early. I believe the first threesome has already teed off this morning. Ander Schauffele joins the twosome at the top at 8 under after the first hole. From deadline:
With a 13.4/5 in the metered markets, the post-midnight ending game is down 8% from last year’s kickoff of September 7, 2017.
In one of the lowest season openers ratingswise and facing portions of a cable news covered rally by a very NFL critical President Donald Trump, last night’s game is not only down from last year, but 2016, 2015 and 2014 – all of which saw successive declines.
Comment: it appears the NFL is becoming a local fan club, less national, more local.


Peak oil? What peak oil? Texas production continues to soar.
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Back to the Bakken

DAPL: US Army Corps of Engineers -- completed their review; opinion unchanged. Risk of spill low.
The Corps, in a court filing, said the risks of an oil spill are low "and any impacts to hunting and fishing resource(s) will be of limited scope and duration." It also said the pipeline wouldn't result in "disproportionately high and adverse human health or environmental effects on minority populations."
Google hits, story found at these sources, in this order:
  • indianz.com
  • thedickinsonpress.com
  • usnews.com
  • desmoinesregister.com
And, then, after that, all old stories.
Wells coming off confidential list today:
  • 34042, 1,167, Kraken Operating, Sidney Josephine 32-29 1H, Burg, 60 stages; 20.4 million lbs, t3/18; cum 82K 7/18;
  • 34041, 1,313, Kraken Operating, Jenna Mary 33-28 1TFH, Burg, 60 stages; 30.5 million lbs, t3/18; cum 103K 7/18;
  • 33925, SI/NC, MRO, Wendell USA 31-30H, Reunion Bay, no production data,
Active rigs:

$67.919/7/201809/07/201709/07/201609/07/201509/07/2014
Active Rigs65543675196

RBN Energy: Pemex and Shell renew their Deer Park vows, with a commodity twist.
Twenty-five years ago, in 1993, the Mexican national oil company — PetrĂ³leos Mexicanos, or Pemex — purchased a 50% stake in Shell’s Deer Park, TX, refinery. The joint-venture partners entered into a 30-year processing agreement under which each would purchase half of the refinery’s crude feedstock and own half the output. Separately, Pemex agreed to supply as much as 200 Mb/d of Mexico’s heavy sour Maya crude to Deer Park and Shell agreed to supply Pemex with 35-40 Mb/d of gasoline to help meet Mexico’s refined products deficit. The partners recently agreed to an early extension of the deal by 10 years from 2023 to 2033, while reducing the supply of Maya crude after 2023 to 70 Mb/d, to be sold at a fixed price. Today, we begin a two-part series on the joint venture with a look at how Pemex has benefitted.

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