Energy Notes From All Over, Part 1 -- December 27, 2019

US light, sweet oil: the darling of the world. Thank you, IMO 2020. Link here.

False precision:

My hunch: 8,000 bbls/month is spilled and unaccounted for every month in the country formerly known as the USSR (CFKATU), now known as Putinstan.

With apologies to: Prince Rogers Nelson, later called the Artist Formerly Known as Prince.

Is the US shale boom really about to end? From Rigzone today -- I sort of read the article, lost interest quickly. It is what it is. Be happy Hillary is not president. She loves to put people out of work. Or Bernie. Or half a dozen others.

Oil near three-month high on signs of shrinking supplies. Maybe rigs matter. LOL.

EIA's weekly petroleum report, I suppose, will be out later this morning. Let's check today's calendar.

• EIA natural gas report: 10:30 a.m. ET
• EIA petroleum status report: 11:00 a.m. ET

Jobless claims, reported  yesterday, bless their hearts:

• prior: 234K
• prior revised: 235K
• consensus forecast: 223K
• actual: 22k

Canadian natural gas pipeline:

• Coastal GasLink Pipeline: 416 miles of pipeline under construction
• from Dawson Creek, BC to the LNG Canada liquefaction and export facility being built  in Kitimat, BC
• capacity: 2.1 billion cubic feet per day
• TC Energy to sell 65% equity interest in the pipeline to KKR & Co, Inc., and Alberta Investment Management Corporation
• And then this:

TC Energy said it will give the 20 First Nations (indigenous people in Canada who live along the coast of the pipeline) the option to acquire a 10 percent equity interest in Coastal GasLink. All 20 First Nations have signed project agreements for the pipeline.

Upon transaction completion, TC Energy will hold a 35 percent limited partnership equity interest in Coastal GasLink. The transaction is expected to close in the first half of 2020.

In my dreams I have a plan ... if I got a pipeline ..
 
Money, Money, Money, ABBA