Most important spice to keep on hand: bacon bits. Home-made or store bought. Doesn't matter.
Weather: snow in Turkey.
Flights were suspended for a second day at Istanbul Airport and private vehicles were barred from city streets, as heavy snowfall snarled traffic and left people stranded in Turkey's biggest city and across the country.
Rescue crews, including the army, worked through the night to evacuate thousands of people stranded in their cars on an Athens motorway after a severe snowstorm swept across Greece.
Weather: snow in Greece.
Thousands of motorists left stranded on a motorway around the Greek capital Athens have been rescued overnight after a severe snowstorm swept across the Mediterranean region. More than 3,500 people were rescued on Monday, but about 300 drivers remained on the Attiki Odos motorway overnight. Parts of Athens were also hit by heavy power cuts, with grid operators working to restore electricity.
Semi-conductors, chips: they say one of the biggest reasons -- if note the biggest reason -- for supply chain problems is the acute (and worsening?) shortage of semi-conductors / chips and it appears the tech industry is "falling apart," at least based on the US equity market.
Stagflation, they say, leads to unemployment. If so, the next wave of unemployment will be high-paying jobs in tech as companies scale back. One huge user of chips, for example, is Peleton and that company has ceased production.
Dollars-ex-machine: link to Doomberg. As good as anything I've read on cryptocurrency.
Weekend football re-cap: Jason Gay.
Biden-gasoline: desperately needs ... link to Simon Watkins.
COP26: that climate warming convention where every country ... "Do you remember when two months ago the #COP26 agreed to phase-out inefficient fossil fuel subsidies?
Well, today, Japan has formally given its oil refiners a direct subsidy of 3 cents per liter of gasoline, so they keep their margins and don't raise retail prices.
Joe Biden to subsidize US oil so Big Oil doesn't raise prices. Just joking.
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Back to the Bakken
Active rigs:
| $83.34 | 1/25/2022 | 01/25/2021 | 01/25/2020 | 01/25/2019 | 01/25/2018 |
|---|---|---|---|---|---|
| Active Rigs | 31 | 12 | 56 | 65 | 56 |
No wells coming off the confidential list.
RBN Energy: midstreamers' critical role in the energy transition. Archived.
The Shale Revolution created an unprecedented need for midstream infrastructure of every sort — gathering systems, processing plants, storage hubs, takeaway pipelines, fractionators, export terminals, and more — all with the aim of connecting new hydrocarbon supply to demand.
Throughout the 2010s, the scope and urgency of this midstream build-out opened up tremendous opportunities for the master limited partnerships, private-equity-backed developers, and other entities with the management skills, financial wherewithal, and dexterity to make these massive projects happen.
Now, much of the Shale Era’s required new infrastructure is in place — and COVID and ESG have slowed new-project development to a crawl — putting many MLPs in a bind and leaving private equity firms to wonder where they should invest their money next. Well, there may be an even better set of new opportunities on the horizon — all related to the coming energy transition — and, as it turns out, midstream developers with hydrocarbon experience are uniquely positioned to lead the way. In today’s RBN blog, we discuss how the project-development model that drove the midstream sector’s growth over the past decade is poised for potentially lucrative re-use in the 2020s and beyond.
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