Busy, Busy, Busy -- Minor Notes From All Over -- Part 1, June 20, 2019

Irrelevant: an "avian incident" wipes out 84% of massive California solar farm.

Link here.

Bloomberg posted the story today, June 20, 2019.

The lede:

An “avian incident” sparked a fire at one of California’s biggest solar farms, affecting 1,200 acres and knocking out 84% of the California Valley Solar Ranch’s generating capacity.

Note what is missing in that lede. I will give you some time to think about this and come back to it later.

That tells me how irrelevant solar energy is. 

From yesterday:

• Phillips 66 considering Texas terminal project: link here; 
• heavy oil coming from Canada; we don't need Venezuela, Mexico: TransMountain approved
• What if US Navy no long cares about the Strait of Hormuz?
• US debt: Nobel Laureate -- doesn't matter
• Fed rate: rate unchanged; predicted; 
• Fed nominee waiting in the wing; wants "Fed rate" at zero percent
• negative rates, bonds, $12 trillion; link here;
• parent-children wells: a problem in the Permian? doesn't seem to be a significant issue in the Bakken;
• sister wells: example -- Hess to put in seven sister wells on 2560-acre spacing; a mix of middle Bakken and Three Forks first bench wells
• Abraxas is back; corporate presentation earlier in the year -- looking to exit the Bakken
• Hess EN-Anderson permits from the other day: Hess has permits for a seven-well EN-Anderson pad in section 7-156-94, Manitou oil field; it appears that all seven may be "section line" wells (not sure about this, but all seven have "LE" in their legal name) -- stand-alone post later on this one;
• Trump raises more in 24 hours than all Democrat candidates combined raised in first quarter; link here; most interesting -- people sending money to a billionaire; raised almost $25 million in one 24-hour period -- at time of announcing his re-election campaign
• Circular firing squad nicks Biden: Pocahontas rising; confirmation? My hypothesis: Hillary war room running the DNC; if, in fact, we now start seeing major press hits on Pocahontas, it will corroborate that hypothesis
• Maduro looks to exit -- while still alive; LOL
• there won't be any more -- song -- wiki

And this is why buyers prefer buying from America --

Iran: the tanker that waited three weeks to discharge an oil cargo at the Sicilian port of Milazzo has left the terminal after Italy's Eni rejected the shipment because of quality concerns. Italian press alleged the crude could be from Iran.

The ship’s documents show that the cargo, which Eni bought from the trading arm of Nigeria’s Oando PLC, was Iraqi, an Eni spokesman said. Instead, it had properties which were consistent with Iranian crude, a person familiar with the matter said.