Weekly EIA Petroleum Data Posted; Testing Whether Hydrogen Can Be Transported Using Existing Natural Gas Grid -- December 16, 2020

Link here. 

Weekly EIA petroleum data:

• US crude oil in storage decreased by 3.1 million bbls from the previous week;
• US crude oil in storage now stands at 500.1 million bbls, about 10% above the
• already fat five-year average;
• crude oil imports averaged 5.4 million bbls per day, about 1.1 million bbls per day less than the previous week;
• distillate fuel inventories increased by 0.2 million bbls; distillate fuel in storage remains about 11% above the already fat five-year average;
• jet fuel product supplied was down 36% compared with the same four-week period last year;

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Sempra And Hydrogen

Sempra testing whether it can transport hydrogen by pipeline.

• Sempra Energy's Southern California Gas says it will field test a new technology which might allow hydrogen to be easily and affordably transported over a natural gas pipeline. 
• The company says the technology would simultaneously separate and compress hydrogen from a blend of hydrogen and natural gas, transport the hydrogen via the natural gas pipeline system, then extract and compress the hydrogen at fueling stations that service fuel cell electric vehicles. 
•  "This innovative technology could be a game-changer, allowing hydrogen to be distributed to wherever it is needed using the [existing] natural gas grid," says SoCalGas VP of clean energy innovations Neil Navin. 
• The field test is scheduled to begin in March at SoCalGas' Engineering Analysis Center in Pico Rivera, California, with completion expected in 3Q21.
  
• Sempra "has become a leading LNG exporter and developer while adding a high-growth Texas operation to its significant Mexican presence," Laura Starks writes in a bullish analysis posted recently on Seeking Alpha.

Also: think Oneok. 

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

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AAPL

On a down day for the market -- very "mildly" down, I might add -- AAPL has just turned green -- 1:59 p.m. CT, December 16, 2020. This was shortly after the Fed released their minutes, stating what was expected: no change in the "Fed rate."