Notes From All Over -- August 7, 2019

Because I'm way behind in my blogging, short clips and links. I may come back to these later. Many (most?) articles I have not yet read.

Is the US shale boom winding down? Rigzone contributor, Nicholas Newman. Link here. The headline speaks to the shale revolution:

• as being the swing producer; and, 
• being able to turn on a dime

For decades, OPEC was the swing producer, but due to the way OPEC operated, it was glacial in making/executing decisions.

Oil slumps into bear market: no link, story everywhere.

Venezuela: Trump imposes new sanctions. Pretty much the "death blow." Bloomberg. Even CVX at risk. In a tweet yesterday, it sounded like "Bolton" was not giving CVX any warm fuzzies.

"If Chevron leaves, the country will almost certainly nationalize its oil assets," said Muhammed Ghulam, an energy analyst at Raymond James. "Maduro is in a fight for his country. He needs all the cash and resources he can get."

Chevron is one of the leading private oil companies in Venezuela, which has more proven oil reserves than any other nation on the planet. ExxonMobil (XOM) and ConocoPhillips (COP) left years ago, after former Venezuelan President Hugo Chavez started nationalizing foreign-run oilfields.

Venezuela: rogue state -- would CVX be allowed to operate in North Korea, Iran, or Syria?

As predicted: Apple likely to absorb any US tariff cost increases on hardware. Exactly what I said just a few days ago.