NDIC Oil And Gas Didn't Post At All Yesterday; Website Down For Fourth Consecutive Day -- Part 1 -- May 12, 2022

NDIC down for fourth day.

• did not send out daily update as "promised"
• did not post daily activity report on legacy site

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Notes From All Over

Why aren't oil companies pumping more? Link here.

• Biden administration cancels Alaska and GofM oil and gas lease sale. -- CBS News.
• I honestly can't make this stuff up.

The lede:

The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. The decision, which halts the potential to drill for oil in over 1 million acres in the Cook Inlet in Alaska, comes at a challenging political moment, when gas prices are hitting painful new highs.

In a statement shared first with CBS News, the Department of the Interior cited a "lack of industry interest in leasing in the area" for the decision to "not move forward" with the Cook Inlet lease sale. The department also halted two leases under consideration for the Gulf of Mexico region because of "conflicting court rulings that impacted work on these proposed lease sales."

Federal law requires the Department of the Interior to stick to a five-year leasing plan for auctioning offshore leases. The administration had until the end of the current five-year plan — set to expire at the end of next month — to complete these lease sales.

Beyond Meat? How about beyond the pale? Link here.

• trending on twitter today; that's how bad it is

Trans Mountain pipeline update: link here.

• Canada approves a new $10-billion loan guarantee
• one word: wow

Pre-market look:

• F: down 4%
• GM: down 4%
• RIVN: up 5%
• TSLA: after falling 8% yesterday, down another 2.5% in pre-market trading

Short note today:

• no NDIC report
• taking Sophia to bus stop in a few minutes
• then:
• one hour on treadmill; moderate
• one hour bike ride: hard
• one hour laps in swimming pool: leisurely, non-aerobic