General Motors Cuts Prices On The Chevy Bolt -- June 1, 2022

California: I just got a note from a reader -- gasoline is now priced at $8 / gallon in Los Angeles. Gonna be interesting to see how folks vote in November. More of the same?

The problem with $8-gasoline is not the fact that it's eight dollars but:

• the fact that it's not going to get better any time soon; Americans have experienced gasoline shortages and high prices before but it's always been short-lived and quickly corrected; not this time;
• the fact that it is self-inflicted; the administration welcomes high gasoline prices as a means to get folks to buy Teslas, as if folks who can't afford $8-gasoline can afford $100,000 Teslas or $100,000 F-150 Lightnings;
• the fact that this can be traced back to day one of this administration, when by executive order, the pipeline that would bring Canadian oil to US refineries was keystoned;
• the fact that the elites in New York who have never owned a car and have never pumped gasoline see this only as a news story and not as an issue that is really harming the economy;

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The Original Post

Disruptive:

• EVs: link here. Scorecard. 
• graphite
• not for me. "Energy transition is dead" is followed here.
  
• EVs charging. 

From CNBC:

• General Motors on Wednesday slashed the price of its 2023 Chevrolet Bolt EV, likely making it the least expensive electric vehicle on sale in the U.S.
• The Detroit automaker cut the price of the Bolt EV by $5,900 and of the larger Bolt EUV by $6,300.
• The reductions come as automakers, especially pure EV companies, hike prices on their electric vehicles amid changing market conditions and rising commodity costs.

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Back to the Bakken

Four new permits, #38987 - 38990:

• Operator: Hess
• Fields: Ross (Mountrail); Stanley (Mountrail)
• Comments:
• Hess has permits for fuor RS-Harstad wells in NENE 9-155-91, 
• to be sited 322 FNL (again, NDIC daily activity report says 322 "inches" FNL) and between 537 FEL and 636 FEL.

Four permits canceled:

• Enerplus (2): a Match permit and a Topspin permit, Dunn County
• CLR: a Durham permit in McKenzie County
• Slawson: a Blizzard Federal permit in Mountrail County;

Active rigs: 42 or thereabouts.