Re-Posting: Pending DAPL Decision -- Wednesday, April 14, 2021

Re-posting:

Link here.

If DAPL shutdown were to occur:

• CLR says it would not be affected; doesn't ship on the DAPL;
• CLR says it would affect Bakken light sweet by $1 - $2 / bbl:
• operators shipping on the DAPL have contingency plans ready to go, posted yesterday; some operators are already booking CBT (crude by truck) -- a third-world option.
  
• CBR: wow -- again -- CLR says a DAPL shutdown would impact Bakken oil by $1 - $2 / bbl

For me, shutting down the DAPL will be a "psychological / emotional" phenomenon more than anything else.

Most interesting to me:

• DAPL is getting more press than the situation regarding Brent. 
• Brent: trending toward production less than amount of oil that would be carried by DAPL + DAPL expansion.

CBR: look at that capacity. Blows me away.

• look at all the jobs a DAPL shutdown would provide
• reminder: BNSF generates 25% of all Warren Buffett's Berkshire Hathaway's revenue
• I assume there are CBR options for Enbridge pipelines at risk running between Canada and the US;

Where we stand today:

Friday, April 9, 2021, day 0:

• US Army Corps of Engineers won't shut it down; will let judge decide
• Judge: thumbs down; kill it;

Saturday, April 10, 2021, day 1:

• Judge: thumbs up; let it flow;

Sunday, April 11, 2021, day 2:

• Judge: thumbs down; kill it;

Monday, April 12, 2021, day 3:

• Judge: thumbs up; let it flow;

Tuesday, April 13, 2021, day 4:

• Judge: thumbs down; kill it;

Wednesday, April 14, 2021, day 5:

• Judge: thumbs up; let it flow;

Thursday, April 15, 2021, day 6:

• Judge: thumbs down; kill it;

Friday, April 16, 2021, day 7:

• Judge: thumbs up; let it flow;

Saturday, April 17, 2021, day 8: