Freeze-Offs In The Permian And The Bakken -- February 14, 2021

A reader asked about "freeze-offs" in the Permian.

See this link. And note the date of the article: October 26, 2017 -- these freeze-offs are nothing new. It's just the "intensity" of the cold this year, and the duration.

See this from Rigzone / Bloomberg, from February 12, 2021.

From S&P Global Platts, January 27, 2021:

Bakken supply is expected to shrink at a time when areas around Chicago and Detroit will most need the support, increasing the region's reliance on natural gas in storage. US Upper Midwest demand is expected to jump 2.6 Bcf/d day over day to 22.5 Bcf/d on Jan. 27 before rising again to 23.8 Bcf/d on Jan. 28 as temperatures dip 11 degrees Fahrenheit below the five-year average to roughly 16 degrees.

Now, imagine the "same thing" with Biden shutting down crude oil pipelines across North America, and judges shutting down CBR across state lines.