Friday, July 29, 2022

Week 30: July 24, 2022 -- July 30, 2022.

Javier Blas: Coal is king

Focus on fracking: link here.

Top story of the week:

  • Joe Biden is still president.
    • recovers from the sniffles;
  • without question: the most incredible day or two in the market; as exciting as any in quite some time
    • Intel, Roku, Meta crater
    • Apple, Amazon soar
    • GM in trouble; Ford surprises

Top international non-energy story:

  • The Ukraine war drags on.

Top international energy story:

  • Situation continues to worsen in Europe; countries returning coal
    • use of coal will set a new all-time record in 2022
  • Critical Russian turbine for Nord Stream 1 is apparently still held up in Germany after being "returned" from Canada

Top national non-energy story:

  • "January 6th" hearings continue — compelling.

Top national energy story:

  • WTI surges; after President Biden announces another 20-million-bbl sale from thee SPR, WTI soars; gains 5%; closes right around $100
  • oil companies reporting record quarterly earnings; US reaction muted as gasoline prices are dropping but average price across the US is still around $4.26 / gallon

Top North Dakota non-energy story:

Top North Dakota energy story:


Geoff Simon's top North Dakota energy stories:

Bakken economy:

Commentary:

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