| $19.78 | 4/30/2020 | 04/30/2019 | 04/30/2018 | 04/30/2017 | 04/30/2016 |
|---|---|---|---|---|---|
| Active Rigs | 31 | 64 | 61 | 49 | 29 |
Reminder: The 17-minute strike on two Aramco installations by 18 drones and three low-flying missiles revealed the vulnerability of the Saudi oil company, despite billions spent by the kingdom on security. Fires erupted at the company's Khurais oil installation and at the Abqaiq oil processing facility, the world's largest.I still maintain that Saudi Arabia emptied their storage tanks in March/April, 2020, for one of three reasons:
Previously posted: shutting in wells in old, old oil fields may damage the wells beyond repair. Anyone following the Saudi Arabian oil story knows that two or three years ago, they were spending a lot of money on new off-shore exploration. There was no need to do that if their fields are in as good a shape as they say they are.So, assume MbS is discussing this with his "best and brightest."
The Office of the Director of National Intelligence confirmed on-record for the first time Thursday that the U.S. intelligence community is investigating whether the coronavirus outbreak, which has wreaked havoc across the globe, started as the result of an accident at a laboratory in Wuhan, China.
“The entire Intelligence Community has been consistently providing critical support to U.S. policymakers and those responding to the COVID-19 virus, which originated in China. The Intelligence Community also concurs with the wide scientific consensus that the COVID-19 virus was not manmade or genetically modified,” a statement from the office of acting Director of National Intelligence Richard Grenell said.
“As we do in all crises, the Community’s experts respond by surging resources and producing critical intelligence on issues vital to U.S. national security. The IC will continue to rigorously examine emerging information and intelligence to determine whether the outbreak began through contact with infected animals or if it was the result of an accident at a laboratory in Wuhan,” the statement said.
Fox News first reported earlier this month that there is increasing confidence that the outbreak likely escaped from the lab, not as a bioweapon but as part of a Chinese effort to show that its efforts to identify and combat viruses are equal or greater than those of the U.S.
This would be at odds with claims the outbreak originated at a wet market nearby.In fact, as I understand, there is no "wet market" near the Wuhan bio lab. The nearest "wet market" to that lab is apparently 800 km (or was it 800 miles?) away.
Bullheads differ from other catfish in that bullheads have straight or rounded tails, whereas other species of catfish have forked tails. ... When these fish reach full size, catfish are longer than bullheads.This was definitely a bullhead.
| $17.43 | 4/30/2020 | 04/30/2019 | 04/30/2018 | 04/30/2017 | 04/30/2016 |
|---|---|---|---|---|---|
| Active Rigs | 31 | 64 | 61 | 49 | 29 |
The global economic shut-down caused by COVID continues to wreak havoc on U.S. markets. Last week, the dynamics that resulted in negative prices for NYMEX WTI thrust crude oil, and, more specifically, storage at Cushing, OK, into the national spotlight. The extraordinary imbalance in U.S. crude oil supply and demand has been pushing record volumes of oil into storage at the Cushing crude hub and tankage along the Gulf Coast. The same fundamental factors have also driven a surge in stocks of refined products like gasoline and diesel. Now the questions on everybody’s mind are, how long until storage tanks are completely full and what will that mean? Today, we’ll discuss recent trends and consider what record storage builds mean for the oil patch.
“Look Tina, I’m need you jog in place in a pantsuit with a bass guitar for five minutes and stay on rhythm.” - David Byrne
| $17.43 | 4/30/2020 | 04/30/2019 | 04/30/2018 | 04/30/2017 | 04/30/2016 |
|---|---|---|---|---|---|
| Active Rigs | 31 | 64 | 61 | 49 | 29 |
Many of the skeletal features of more advanced living reptiles [are] lacking in the very first of their kind. These egg-laying animals prospered, and radiated into a range of ecological niches on land eventually in the air; some became "ruling reptiles," while others returned to the sea. Many did not survive the mass extinction at the end of the Cretaceous Period 65 million years ago.Fortey refers to these as "egg-laying animals because:
My more rigorous colleagues would expect me at this point to note that reptiles are not a natural group in modern zoological understanding One group of reptiles gave rise to mammals, and another to birds, which are both natural groups descended from common ancestors. This means that reptiles are a set of branches in the tree of life from which some derived branches have been "lopped off"; so they are not the complete ticket.
Reptiles are united by retaining the general characteristics of laying amniote eggs and having neither fur nor feathers nor hot blood (but that may be no longer true, either). So if we were being persnickety, we might always refer to "reptiles" in quotes; but as Stephen J. Gold pointed out some time ago, nearly everyone has a good idea of what the term means, so let's stick with it!Portcullis: word of the day. Hint: think of all those old English movies about the "knights of the round table."
Week
|
Week Ending
|
Change
|
Million Bbls Storage
|
Week 0
|
November 21, 2018
|
4.9
|
446.9
|
Week 1
|
November 28, 2018
|
3.6
|
450.5
|
Week 2
|
December 6, 2018
|
-7.3
|
443.2
|
Week 3
|
December 12, 2018
|
-1.2
|
442.0
|
Week 4
|
December 19, 2018
|
-0.5
|
441.5
|
Week 5
|
December 28, 2018
|
0.0
|
441.4
|
Week 6
|
January 4, 2019
|
0.0
|
441.4
|
Week 7
|
January 9, 2019
|
-1.7
|
439.7
|
Week 8
|
January 16, 2019
|
-2.7
|
437.1
|
Week 9
|
January 24, 2019
|
8.0
|
445.0
|
Week 68
|
March 18, 2020
|
2.0
|
453.7
|
Week 69
|
March 25, 2020
|
1.6
|
455.4
|
Week 70
|
April 1, 2020
|
13.8
|
469.2
|
Week 71
|
April 8, 2020
|
15.2
|
484.4
|
Week 72
|
April 15, 2020
|
19.2
|
503.6
|
Week 72
|
April 22, 2020
|
15.0
|
518.6
|
Week 73
|
April 29, 2020
|
9.0
|
527.6
|
Jet Fuel Delivered, Change, Four-Week/Four-Week
|
||
Week
|
Week Ending
|
Change
|
Week 0
|
March 11, 2020
|
-12.80%
|
Week 1
|
March 18, 2020
|
-12.60%
|
Week 2
|
March 25, 2020
|
-8.90%
|
Week 3
|
April 1, 2020
|
-16.40%
|
Week 4
|
April 8, 2020
|
-0.22%
|
Week 5
|
April 15, 2020
|
-39.70%
|
Week 6
|
April 22, 2020
|
-53.60%
|
Week 7
|
April 29, 2020
|
-61.60%
|
Crude Oil Imports
|
||||
Week (week-over-week)
|
Week Ending
|
Raw Data, millions of bbls
|
Change (millions of bbls)
|
Four-week period comparison
|
Week 0
|
March 11, 2029
|
6.4
|
0.174
|
|
Week 1
|
March 18, 2020
|
6.5
|
0.127
|
|
Week 2
|
March 25, 2020
|
6.1
|
-0.422
|
|
Week 3
|
April 1, 2020
|
6.0
|
-0.070
|
|
Week 4
|
April 8, 2020
|
5.9
|
-0.173
|
|
Week 5
|
April 15, 2020
|
5.7
|
-0.194
|
|
Week 6
|
April 22, 2020
|
5.6
|
-0.700
|
|
Week 7
|
April 29, 2020
|
5.3
|
0.365
|
-19.700%
|