Pipeline capacity:
- added "transnational oil pipeline capacity" could reduce CBR
- the EIA is talking about trans-Canada-US pipeline capacity, specifically Enbridge's Line 3 replacement project; link here;
- the DAPL could become superfluous: interesting commentary; link here;
Another Louisiana deal: when will Texas join the Haynesville party? Southwestern Energy. Link here. Archived.
Saudi has it right: it's not OPEC's fault.
- the US is lagging in crude oil production, mostly due to Brandon's policies and even worse, uncertainty about future Brandon actions;
- it's the uncertainty that keeps oil companies from drilling;
- windfall profits taxes in their crystal balls, as just one example?
Spare capacity?
- I doubt it.
- so does an oil-peaker. Link here.
- by any stretch of the imagination, I am not a peak-oiler but I do argue that the tea leaves suggest OPEC has little spare capacity; and,
- the corollary is that the Permian has become the swing producer.
Market commentary, Horizon Kinetics.
- This is an extremely long commentary on energy, twenty-nine pages.
- lots of interesting information for those who have time to wade through almost thirty pages of commentary. It will download as a pdf: https://horizonkinetics.com/app/uploads/Q3-CVALUE-Review_FINAL-1.pdf.
Global inventories:
Seven oil stocks: hitting seven-year highs.
Devon? Delaware wells? Link here.
US shale: there's never been a better time ... anything decent has a <1-year payout new drill .... link here. It appears most oil analysts are not aware of this.
A ton for free cash flow. Literally. Link here.
LNG: largest-ever supply deal between US and China just announced. Link here.
- Venture Global LNG; a 20-year supply deal with Sinopec;
- $30 billion deal
- Venture Global now the top American LNG exporter to China
- this something that Europe cannot do; this is what Europe is so afraid of when it comes to energy and the US. It explains why the EUro-crats are so eager to vilify fossil fuel. We've talked about this before.
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