This link may be a big "buggy" or a bit "ad-heavy" but stick with it. The video is quite remarkable.
This is the link: https://newtube.app/user/TonyHeller/D84FACc.
Note: that is "newtube," not YouTube.
Original story / link at iceagenow.
Wednesday, October 28, 2020
WHO Does It: Eradicates "Seasonal Flu" -- Say "Sayonara" To Annual "Flu" Shots -- October 28, 2020
Kyle Busch Wins At Texas -- Sixteen Years With At Least One Win Every Year -- October 28, 2020
This was his first win this season. He came very, very close to "losing" that streak. Not many races left this season.
From the internet:
Currently, Kyle Busch has a 16-year win streak (2005-2020).
Richard Petty holds the record at 18 years.
Kyle Busch ties Jimmie Johnson who held the record by himself at 16 for streaks that started as a rookie driver, going from 2002-2017.
The next highest active streak is Kevin Harvick at 10 years from 2010-2020 as he has won already this year.
Amazing to think that Kyle Busch is "out" of the playoffs. Wont' be competing for the 2020 championship.
No Permit Action In The Bakken Today -- Foreshadowing A Biden Presidency? -- October 28, 2020
Russia's exports drop 8% in 2020: link here to Charle's Kennedy.
No permit action today: no new permits; no permits renewed; no permits canceled.
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August.Russia’s crude oil exports also dropped in terms of value due to the slump in oil prices.
Between January and August, the value of Russian crude oil exports plunged by 38.9 percent compared to the same period last year, to US$48.8 billion
****************************
Back to the Bakken
Active rigs: Marathon back to four active rigs.
| $37.52 | 10/28/2020 | 10/28/2019 | 10/28/2018 | 10/28/2017 | 10/28/2016 |
|---|---|---|---|---|---|
| Active Rigs | 15 | 59 | 67 | 53 | 34 |
No permit action today: no new permits; no permits renewed; no permits canceled.
Show Me The Money! -- Ford's 3Q20 Net Income Absolutely Buries Results From A Year Ago -- October 28, 2020
Ford reported net income in the third quarter of $2.4 billion, or 60 cents a share, compared with $400 million, or 11 cents a share, a year earlier.
And, actually, even better than that:
Excluding items, Ford's profit was $3.6 billion, or 65 cents a share, topping the 19 cents analysts polled by Refinitiv had expected.
Analysts get much of their information from guidance provided by the CEO. How was this missed? 60-plus cents reported vs expectations of 20 cents.
- reports $2.4 billion in net income and 6.4% net income margin, on revenue of $37.5 billion
- achieves adjusted EBIT of $3.6 billion and adjusted EBIT margin of 9.7%, led by North America at 12.5%
- generates $11.1 billion in company operating cash flow – $6.3 billion of adjusted FCF – ending Q3 with nearly $30 billion in cash and more than $45 billion in liquidity
- readies for fourth-quarter launches of three anticipated, all-new vehicles: 2021 F-150, all-electric Mustang Mach-E, and Bronco Sport – first of new Bronco family of products
- expects positive full-year 2020 adjusted EBIT, including fourth-quarter adjusted EBIT between break-even and a $500 million loss
So, Ford reports $3.6 billion EBIT in the third quarter but as much as a $500 million loss in 4Q20 when they launch their Mustang Mach-E.
Ford's quarterly earning history since 2006 at this site.
Millennium Exploration To Drill Fourth Well In Austin Chalk-Texas By End Of Year -- October 28, 2020
The Austin Chalk - Texas is tracked here.
Millennium Exploration will drill another well -- its fourth well -- by the end of the year in its Austin Chalk multi-well development in south Texas. Link here.
Also at the link:
Millennium PetroCapital also revealed that it placed its Chalk Talk ‘B’ #3H well into production on Oct. 6, 2020 – the third of eight wells that it plans to drill in its 7,200-acre development area.
As Rigzone detailed earlier this year, the San Antonio-based firm placed the first two wells – Chalk Talk #2H and Chalk Talk ‘A’ #1H – into production in May and June, respectively.
The company noted on Tuesday that each of the three wells penetrated the targeted Austin Chalk zone with a 4,000-foot (1,219-meter) horizontal leg. It added the wells exhibited oil flow through the skimmer systems during the drilling process.
Fast And Furious -- Fifteen Minutes -- October 28, 2020
First things first, red: Trump gets fifth Nobel Peace Prize nomination. Link here.
First things first, black: MLB's crushing debt -- and it will be worse in 2021 if things don't change; https://www.foxbusiness.com/sports/mlbs-debt-8-3-billion-2020-season-coronavirus.
Pusillanimous: word for the day.
Music: great day for Mahler's Symphony #9.
US auto sales: sales soar; up 3% as demand soars;
Trucking:
- McKinsey: why most eTrucks will choose overnight charging; link here;
- Bloomberg: eCommerce boom provides lifeline for oil; link here; yet another article on the boom in trucking;
Dodgers win World Series: WSJ's big story regarding same -- Covid-19 and masks.
Apple:
- making movies with iPhone 12; has Dolby Vision recording;
- more original content: orders comedy series "Platonic" starring Rose Byrne and Seth Rogen;
- Apple will air Peanuts for free during holiday season; viewers complain; up in arms; LOL;
- after mocking Apple, Samsung will remove power adapter from Galaxy S21 Box;
Grand Solar Minimum:
- see this blog post re: Valentina Zharkova;
- Zharkoa admits she was wrong; retracts article;
- for more blog notes on Zharkova, link here;
Arctic ice melting:
From Yahoo!Finance daily note:
- U.S. economic data continues to impress.
- On Tuesday, durable goods orders for September, and Richmond Federal Reserve data for October, showed the manufacturing sector continues to top expectations.
- Durable goods orders rose 1.9% while core orders rose 0.4%.
- Economists noted the headline figure was flattered (sic -- flattened?) by orders in the airline industry.
- Meanwhile, the Richmond Fed’s manufacturing index hit a record high in October 29.
- This report marked the fourth-straight month of positive readings.
- The figure is a diffusion index, which captures the difference between the number of respondents saying conditions are getting better minus those saying things are getting worse.
Meanwhile, the report also showed a notable pre-pandemic trend of employers unable to find skilled labor.
And that's why I stay fully invested.
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.
Weekly EIA Petroleum Report -- Huge Build In US Crude Oil In Storage -- October 28, 2020
Weekly EIA report, link here:
- US crude oil stored in the US: 492.4 million bbls
- US crude oil change since previous report: increased by 4.3 million bbls
- US refineries operating at 74.6% -- essentially no change, but down about a percent
- distillate fuel production decreased a bit last week
- US crude oil imports showed almost no change week-over-week
- average about 13% less than same four-week period last year
- jet fuel supplied still down almost 44% compared with same period last year
Re-balancing:
|
Week |
Date of Report= |
Change |
Million Bbls Storage |
Over/under 5-year average |
|
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 84 |
July 15, 2020 |
-7.5 |
531.7 |
17% |
|
Week 85 |
July 22, 2020 |
4.9 |
536.6 |
19% |
|
Week 86 |
July 29, 2020 |
-10.6 |
526.0 |
17% |
|
Week 87 |
August 5, 2020 |
-7.4 |
518.6 |
16% |
|
Week 93 |
September 16, 2020 |
-4.4 |
496.0 |
14% |
|
Week 94 |
September 23, 2020 |
-1.6 |
494.4 |
13% |
|
Week 95 |
September 30, 2020 |
-2.0 |
492.4 |
|
|
Week 96 |
October 7, 2020 |
0.5 |
492.9 |
12% |
|
Week 97 |
October 15, 2020 |
-3.8 |
489.1 |
11% |
|
Week 98 |
October 21, 2020 |
-1.0 |
488.1 |
10% |
|
Week 99 |
October 28, 2020 |
4.3 |
492.4 |
9% |
Distillate fuel:
|
Distillate Fuel Inventories |
|
|
|
|
Week |
Date of Report |
Change in Millions |
Relative to 5-Yr Avg |
|
Week 1 |
August 26, 2020 |
1.40 |
24.0% |
|
Week 2 |
September 2, 2020 |
-1.70 |
23.0% |
|
Week 3 |
September 10, 2020 |
-1.70 |
20.0% |
|
Week 4 |
September 16, 2020 |
3.50 |
22.0% |
|
Week 5 |
September 23, 2020 |
-3.40 |
21.0% |
|
Week 6 |
September 30, 2020 |
-3.20 |
21.0% |
|
Week 7 |
October 7, 2020 |
-1.00 |
23.0% |
|
Week 8 |
October 15, 2020 |
-7.20 |
19.0% |
|
Week 9 |
October 21, 2020 |
-3.80 |
19.0% |
|
Week 10 |
October 28, 2020 |
-4.50 |
17.0% |
Imports -- crude oil:
|
Crude Oil Imports |
|
|
|
|
Week (week-over-week) |
Date of Report |
Raw Data, millions of bbls |
Change (millions of bbls) |
|
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 13 |
June 10, 2020 |
6.4 |
0.000 |
|
Week 22 |
August 12, 2020 |
5.6 |
-0.389 |
|
Week 23 |
August 19, 2020 |
5.7 |
0.109 |
|
Week 24 |
August 26, 2020 |
5.9 |
0.185 |
|
Week 25 |
September 2, 2020 |
4.9 |
-1.000 |
|
Week 26 |
September 10, 2020 |
5.4 |
0.500 |
|
Week 27 |
September 16, 2020 |
5.0 |
-0.416 |
|
Week 28 |
September 23, 2020 |
5.2 |
0.160 |
|
Week 29 |
September 30, 2020 |
5.1 |
0.045 |
|
Week 30 |
October 7, 2020 |
5.7 |
0.600 |
|
Week 31 |
October 15, 2020 |
5.3 |
-0.447 |
|
Week 32 |
October 21, 2020 |
5.1 |
-0.167 |
|
Week 33 |
October 28, 2020 |
5.7 |
-0.131 |
Jet fuel delivered:
|
Jet Fuel Delivered, Change, Four-Week/Four-Week |
|
|
|
Week |
Date of Report |
Change |
|
Week 0 |
3/7/2020 |
-12.80% |
|
Week 1 |
3/14/2020 |
-12.60% |
|
Week 2 |
3/21/2020 |
-8.90% |
|
Week 3 |
3/28/2020 |
-16.40% |
|
Week 4 |
4/4/2020 |
-0.22% |
|
Week 5 |
4/11/2020 |
-39.70% |
|
Week 6 |
4/18/2020 |
-53.60% |
|
Week 7 |
4/24/2020 |
-61.60% |
|
Week 8 |
5/1/2020 |
-66.60% |
|
Week 9 |
5/8/2020 |
-68.50% |
|
Week 10 |
5/15/2020 |
-67.90% |
|
Week 11 |
May 22, 2020 |
-66.60% |
|
Week 20 |
July 29, 2020 |
-42.10% |
|
Week 21 |
August 5, 2020 |
-40.90% |
|
Week 22 |
August 12, 2020 |
-45.80% |
|
Week 23 |
August 19, 2020 |
-47.60% |
|
Week 24 |
August 26, 2020 |
-45.70% |
|
Week 29 |
September 30, 2020 |
-46.10% |
|
Week 30 |
October 7, 2020 |
-47.50% |
|
Week 31 |
October 15, 2020 |
-41.80% |
|
Week 32 |
October 21, 2020 |
-45.90% |
|
Week 33 |
October 28, 2020 |
-44.30% |