Clearing Out The In-Box -- December 24, 2021

Updates

Later, 1:24 p.m. CT: well, that didn't take long. China is now outbidding Europe for LNG. I guess the smog from coal just got excessive. 

Original Post

Merry Christmas! Texas is not locked down. Photo here.

Wolfcamp: maps. Cline --> Wolfcamp D.

EU energy crisis: natural gas prices collapse overnight as flotilla of US LNG tankers stream toward Europe. But still incredibly high. Tankers are diverting from China to Europe for better prices: Asia, particularly China, is switching back to coal, calling it quits on expensive natural gas.

How the EU collapses. Worse timing ever?

The Netherlands shut down Groningen, Europe's largest natural gas field. On top of everything else, Belgium is said to have blindsided France by closing their (Belgian) nuclear plants. "These idiots are going to protest themselves into the dark age."

EIA's energy posture: link here. 

Politics: the inevitability of Kamala Harris.

Greta, do you remember the straws? Now it's Brandon's 1.6 billion disposable face masks that take 450 years to biodegrade. 

Global auto sales: from statista, 3.8 trillion dollars from auto sales by 2030. Elon Musk: hold my beer!

Caspian update: Lukoil produces 700 million bbls crude oil cumulative at field in Caspian. Link here.

• note conversion factor: 30 million tons or 712.4 million barrels
• Vladimir Filanovsky: largest oil field in the Russian sector of the Caspian Sea
• initial recoverable reserves of 129 million tons of oil and 1.06 trillion cubic feet of gas;
• commissioned in 2016;
• reached target production level of six million tons of oil per year in 2018
• July, 2019: the field produced over 15 million tons
• Yury Korchagin field, the second field;
• Valery Grayfer field, the third field;

TSMC:

• to begin 3nm chip production in 2022; could "beat" Apple; link here.

Midland: