Notes From All Over, Part 2 -- October 25, 2019

Pipeline bottlenecks and worthless acreage: the downsides of world-leading production -- from Forbes, yesterday. Another must-read article. I had trouble following some of the arguments/discussion but I read it quickly. Later I will go back and read it more closely. But it looks like a good article for the archives. I think the challenges analysts talk about now -- chokepoints and liquidity -- are minor and pale in comparison to what will happen under a Democrat administration.

Reason #45 why I love to blog: my original post on the John Svedrup discovery was dated March 19, 2018. At the time I did not pay much attention to the discovery; it appeared to be just another Norwegian success story. Same book, just a new chapter. But, wow, it has turned into quite a story. It reached 200,000 bopd ahead of schedule (and below budget, I suppose) and will, within a year or so, reach full production at about 400,000 bopd. And the Asians love it: low sulfur and mid-density. Bakken oil is a bit light for most global refineries, but global refineries are adapting.

API: for newbies, the link at this post will provide a nice pdf that graphically depicts the various types of oil. For those who want to direct:

• https://t.co/nnJ6yljeHC -- a PDF will likely load on your desktop.

Biden's autobiography: Joe Biden may well steal this autobiography book title from Leonard Woolf (Virginia Woolf's husband): Downhill All The Way, c. 1967. It will cover the years from 2016 - 2019.

Hillary's next book: Hillary can also steal an autobiography book title from Leonard Woolf: Beginning Again, c. 1975 [1964]. It will cover the months from August, 2019, to December, 2019.