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Sunday, July 17, 2022

"Focus On Fracking" -- July 17, 2022

Link here.

The lede:

1,490,000 barrels per day of excess oil was produced in June even as OPEC was 1,060,000 bpd short of their quota… US oil supplies at new 18 year low, Strategic Petroleum Reserve at 36½ year low; largest drop in US gasoline and diesel demand since early 2020​ lockdown, ​largest drop in US gasoline production this year;

In round numbers, 1.5 million bopd of excess oil was produced in June, 2022, even as OPEC was 1.0 million bopd short of their credit.

From my perspective: still too much oil.  

This is interesting: WTI has turned positive late Sunday night -- up slightly; trading at $98.17. Less than $120 but beats $20.

The more important story: natural gas is up almost 2%; up 13 cents; trading at $7.144.  

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Dating

I'm "glad" I'm "over that stage," but there are times I miss the "freshness" of dating.

"You know the sharing of stories is kind of transactional. When someone gives you a story you owe them one of equal or greater value  in return." -- Jan, in "Only Murders in the Building," 1x4.

I love telling stories. But that's in the past. Lots of memories.

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