One Well Coming Off The Confidential List; A DUC -- June 10, 2021

10-year Treasury: 1.496%.

Economic data (needs to be confirmed, these may be incorrect, taken on the fly from CNBC):

• US inflation numbers to be released today for May, 2021; 5.0%; first time it has exceeded 3.8% since 1992;
  
• first time unemployment claims: down 9,000 to 376,000
• continuing claims drop week/week; first time it's happened during the plague year
  
• morning brief; 
  

Covid-19: number of Americans receiving vaccinations has plummeted; average over past two days, less than one million vaccinations given per day; 

• my data suggests only 55% of all American adults have been vaccinated; I think the government is telling us as man as 70% of Americans have received at least one dose. 
  

Amazing: US natural gas exports and natural gas for electricity generation reached record highs in 2020 -- the plague year. Link here.  

Not only that, but atmospheric CO2 levels rate of growth appears to have increased during the plague year, previously posted. And the Biden boom will exacerbate things. Expect to see Greta hit the lecture circuit.

DEN: what I'm watching closely.

Moats: Apple and WWDC 2021 -- link here. 

Moats: FERC and Biden have widened pipeline company moats. Big story for Jim Cramer today.

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.

Record: S&P missed it by one point -- yesterday, S&P missed an all-time record by one point. But today, at the open -- S&P hits new all-time record.

Maritime construction: ship orders surge as carriers rush to add capacity. Link here. Big shipyards running out of construction slots. Memo to self, new tag: the Biden boom.

Starbucks: regional and temporary -- Starbucks faces shortage of cups, syrup as operations get back to pre-Covid "normal." Link here. 

Headlines:

• TC Energy cancels critical Keystone XL pipeline (it couldn't have been too critical; we've lived without it for years)
• Canada's oil industry optimist as prices rebound

Canada: more Canadian oil than ever imagined the US

Heavy oil: needed by the US more than ever, link here. US crude oil imports (with w/w changes) --

• Canada: 3,971 (+824)
• Brazil: 261 (+194)
• Russia: 256 (-27)
• Saudi Arabia: 144 (-44)

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Back to the Bakken

Active rigs:

$70.05	6/10/2021	06/10/2020	06/10/2019	06/10/2018	06/10/2017
Active Rigs	20	12	64	61	52

One well coming off the confidential list -- Thursday, June 10, 2021:

• 37674, drl/NC, MRO, Hartson USA 24-31H, Reunion Bay, no production data

RBN Energy: proposed "green," "turquoise," and "blue" hydrogen production projects. Archived.

We get the sense that many hydrogen-market observers are looking for a silver bullet — the absolute best way to produce H₂ cheaply and in a way that has an extremely low carbon intensity. If anything has become clear to us over the last few months, however, there isn’t likely to be an “Aha!” or “Eureka!” moment anytime soon. Rather, what we have seen so far in regard to hydrogen production has been a veritable smorgasbord of production pathways, with varying degrees of carbon intensity. While costs vary by project, it is also fair to say that a front-runner has yet to emerge when it comes to producing inexpensive hydrogen at scale. There is a silver lining though, if not a bullet, and that is the realization that there are many options when it comes to procuring environmentally friendly hydrogen. Today, we provide an update of currently proposed hydrogen projects.