WTI Surges -- June 14, 2022

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Canada: can't take it any more. Tourist season here. Science hasn't changed, but economy has. Need to open up. Canada will end vaccine mandates for domestic travel on planes and trains, as well as outbound international travel. I have no idea if this changes things at US-Canadian border. I don't care.

NBA: last night -- incredible game. But Curry's 233-game streak with at least one three-pointer broken. Need to fact check. 

LIV: for the record, with Biden now re-setting his personal relationship with the Saudis, I have absolutely no trouble with Phil, et al, moving to LIV. 

These players will make so much more money and will have to play far fewer tournaments, at much more interesting venues, allowing them to spend more time with their families and more time to pursue interests outside of golf. If anyone disagrees, there's a simple question I would ask.

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Back to the Bakken

Far Side: link here.

WTI: surges. Back to $122. Holy mackerel - now it's $122.80, trending toward $123.

Active rigs in North Dakota: 35 or thereabouts. 

Tuesday, June 14, 2022: 22 for the month, 160 for the quarter, 320 for the year

38433, conf, WPX, Wounded Face 14-15HX, 

RBN Energy: an effort to help wean Ukraine, Poland, and Lithuania from Russian gas. 

The Russian war against Ukraine has focused Europe on the issue of energy security, especially as it relates to natural gas. The continent has previously relied on Russia for more than 40% of its gas, but it now must scramble for new suppliers and alternative forms of energy. The matter is particularly urgent in a few countries along or very near the Russian border, including Lithuania, Poland and Ukraine itself. Fortunately, almost two years ago the three countries formed the “Lublin Triangle,” an alliance of sorts with the aim of enhancing military, cultural and economic cooperation while also supporting Ukraine’s prospective integration into the European Union and NATO. In today’s RBN blog, we discuss the potential for developing a “New Gas Order” in Europe.