Shale Revolution -- Natural Gas -- September 1, 2018

From the EIA:

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The Country That Can't Close A Deal ....

.... but he sure is photogenic. Eh, what just happened?

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But Will Amazon Ship For Free?

The Saturday Page -- Nothing About The Bakken -- September 1, 2018

Governor Andrew Cuomo: "America never was that great."

Daughter Meghan McCain: "America was always great."

Yes, it was. Back in the day. But that was two decades ago.

Candidate Donald Trump: "Make America great again."

President Donald Trump: "Making American great again."

Eulogies say more about the eulogists than the deceased.

And Tuesday morning, Senator John McCain -- one of the Keating 5 -- may he rest in peace -- will be six feet under and Donald Trump will still be president. The Keating 5? They all skated. War heroes. Integrity. Transparency. Honesty. Only investigation? A jury of their peers: US Senate Ethics Committee.

 

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Micro-Dosing

LSD. Story here. Silicon Valley (?) getting ready to do "formal"testing. We talked about this earlier this year.

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Global Warming Benefits Oil Companies

Story here. If Arctic shipping lanes stay open longer, Russian NGL tankers will save shipping costs.

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Deep Pockets

Friends In High Places

PG&E on the hook for billions in damages. Without a bailout, many think PG&E could go "bankrupt."

California Democrats have answer. A bailout. In case the paywall prevents you from getting to the story, here's the lede:

California lawmakers approved legislation late Friday night to rescue the state’s largest utility by letting it bill ratepayers for some of the billions in liability it faces following 2017’s catastrophic wildfires.

The legislation, opposed by some consumer advocates, would give PG&E Corp. a path to securitize the potential billions of dollars in legal damages and other costs stemming from the deadly blazes that swept California’s wine country last October, killing more than 40, and destroying or damaging around 21,000 homes and 2,800 businesses.

State investigators have concluded that equipment from PG&E’s Pacific Gas & Electric Co. unit caused 16 of those blazes so far, and the utility has said it expects to incur losses related to at least 14 of them.

PG&E faces at least 780 civil lawsuits brought by individuals, municipalities and insurance companies alleging that it was negligent and seeking to recoup money for fire-related damage and deaths. The liability exposure has raised concerns among analysts and others that PG&E may be forced to file for bankruptcy.

Wow.

Can't wait to read the comments.

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iPhones? Too Expensive?

One of my pet peeves while watching CNBC -- the meme / trope that iPhones are too expensive and that Apple needs to introduce a low-end model for those who can't afford expensive iPhones. What a bunch of crap:

• iPhone 8 for $8/month at Sprint
• less expensive than the "throw-aways" at Walmart

My wife loves here iPhone 6 and I love my SE which is even older. The iPhone is an incredibly good iPhone and has full access to the Apple ecosystem. Anyone who says iPhones are too expensive are living under the Geico rock.

Actually, this Labor Day weekend -- even better deals .... as in free. What a great country! What's not to like:

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Convalescing

After his recent head trauma, Corky is resting comfortably and convalescing.

Week 35: August 26, 2018 -- September 1, 2018

Geoff Simon's top energy stories for North Dakota this past week:

• TAT: six candidates vie for chairman's seat, September 18, 2018, election
• Overpass: new overpass on I-94; exit 27; wide loads will need to detour during construction
• CO2: Federal government pays UND to study CO2 storage
• Sand: NDGS looking for sand in North Dakota

Williston Wire:

• New single family housing permits increase in Williston (may or may not load)
• One developer to build 36 single-unit homes near new Williston High School
• Many new retail stores opening in the Bakken; no link; too many to list

WTI: went over $70/bbl this past week; if Brent breaks through these levels on the "up" side, the shorts will be in panic mode; here;

International:
Canada court "kills" the Trans Mountain Pipeline Expansion project; here; here; here; here;
Denmark: net oil importer for first time ever
Road to Mexico: here; here;

National:
US crude oil inventory drops below 23-day-supply -- not seen since 2014
Nuclear energy industry goes bust

Operations
Kraken Operating reports nice wells in Montana
Slawson getting active in the Bakken 
Zavanna getting active again
Oasis starting to frack the Lite wells in the Bakken 
Oasis' incredible Lawler wells in North Tobacco Garden 
A short lateral EOG well goes over one million bbls -- only ten years old 
CLR reports two huge Mountain Gap wells

Fracking
CLR fracks a Three Forks Jersey well with 74 stages
Transportation costs

Bakken economy
Canadian company buys Mandan-based Missouri Valley Petroleum (MVP)

Miscellaneous
Happy birthday to some very old wells in the Bakken 
Corky sustains blunt trauma injury to forehead