Masters: begins today, of course.With all the coverage "he" will get, hardly necessary for the other 90 players to show up.
Jobless claims. Pending.
Global SPR releases:
- US: 160 million bbls
- several IEA members: 60 million bbls
- global demand: 100 million bbls daily
Commodities: could soar 40% as investors pivot.
Buffett: takes stake in HP. Stock soars.
Energy transition is dead. Trending today:
- UK energy security strategy does not include the word "climate"
- doesn't mention "emissions" or "CO2"
- it does mention "cleaner" energy
- Greece: to ramp up coal mining
- energy security trumps emissions, at least for next 5+ years;
Equinor - Canada - Bay du Nord oil project: $12 billion project.
- offshore; proposed by Equinor
- approved by Canada
- one wonders: would the US approve a $12 billion offshore oil project?
- my understanding: the US is not even approving leases for offshore projects already under development, but that needs to be fact-checked; that may be old news
EVs:
- tale of two companies:
- Rivian yesterday reported about 2,000 EVs produced in 1Q22
- Chevy Bolt: goal -- 25,000 EVs for full year 2022
- market cap:
- RIVN: $35 billion
- GM: $57 billion
- P/E:
- RIVN: n/a (not making a profit)
- GM: 6
- and analysts tell us to do our due diligence
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Back to the Bakken
Active rigs:
$97.98 | 4/7/2022 | 04/07/2021 | 04/07/2020 | 04/07/2019 | 04/07/2018 |
---|---|---|---|---|---|
Active Rigs | 36 | 15 | 36 | 62 | 58 |
Thursday, April 7, 2022: 13 for the month, 13 for the quarter, 172 for the year
- 38557, conf, Crescent Point, CPEUSC Pankake 2-6-7-157N-99W-MBH-LL, Dublin, no production data,
- 36103, conf, CLR, Gordon Federal 5-5H, Haystack Butte, producing,
RBN Energy: as gasoline prices spike, how do electric vehicles stack up?
Even before the recent spike in crude oil and gasoline prices, the subject of a contentious House committee hearing Wednesday with executives from six large oil and natural gas companies, electric vehicles (EVs) were having a bit of a moment. From legacy brands such as BMW and General Motors to the EV startup Polestar, several automakers used their spots during February’s Super Bowl — the most-watched event on the TV calendar, where the cost for a 30-second ad went for a whopping $6.5 million — to highlight their latest EV offerings. Now, with gasoline prices about 50% higher than they were a year ago (and about 20% higher than they were on Super Bowl Sunday), EVs are getting a whole new level of attention from everyday drivers, not just Tesla fanboys, car afficionados, or the environmentally conscious. In today’s RBN blog, we look at whether the recent run-up in gasoline prices will help turn EVs into a more economical option.
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Initial Production Data
Today:
- 36103, conf, CLR, Gordon Federal 5-5H, Haystack Butte,
Date | Oil Runs | MCF Sold |
---|---|---|
2-2022 | 23942 | 36859 |
1-2022 | 29965 | 45588 |
12-2021 | 29886 | 43803 |
11-2021 | 39671 | 53241 |
10-2021 | 1177 | 0 |
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