Things Are Never So Bad ...
... that President Biden can't make them worse.
Sixty-five US refiners asked for waivers with regard to ethanol blending.
All sixty-five were denied.
So, in anticipation of a global food shortage, the US will be converting food (soybeans and corn) into fuel.
I can't make this up.
It won't help at the pump -- no one uses E85 anyway -- and it will only raise grocery prices.
Way to go, Brandon.
Back to the Bakken
WTI: steady at $118.80.
But in case you missed it, natural gas surged by 10.03% -- an increase of more than 10% in one day -- and hardly anyone noticed. Natural gas is now trading at over $9 / "unit." Wow.
Active rigs: 39 or thereabouts. I would say 40 but someone would write to correct me, so we'll leave it at "39 or thereabouts."
Four new oil and gas permits, #38997 - #39000, inclusive:
- Operators: Hunt Oil (3); Slawson
- Fields: Alexandria (Divide County); Big Bend (Mountrail)
- Comments:
- Slawson has a permit for a Blizzard Federal well, SWSW 13-152-93;
- to be sited 1469 FNL and 500 FWL;
- Hunt has permits for three Alexandria wells, SWSE 24-161-100;
- to be sited 460 FSL and between 2180 FEL and 2120 FEL
Ten permits renewed:
- BR (7): six Sequoiafill permits (McKenzie County) and one Pullman permit (Dunn County)
- Enerplus (3): one Beryllium, one Niobium, and one Yttrium permit, all in Dunn County
