Inflation: without question, a lot of retailers are using the "cover" of inflation to raise prices. And many of these places are raising prices significantly to make up for losses during Covid-19 lockdowns. Link here. I have not noticed much change in prices at McDonald's -- all sizes of soft drinks are unchanged: $1.00.
Back to the Bakken
Far Side: link here.
WTI: $88.10.
Natural gas: $7.800.
Active rigs: 49.
Tuesday, August 9, 2022: 6 for the month, 37 for the quarter, 376 for the year
- 37925, conf, BR, Lone Beaver 1-1-17MTFH,
Monday, August 8, 2022: 5 for the month, 36 for the quarter, 375 for the year
- None.
Sunday, August 7, 2022: 5 for the month, 36 for the quarter, 375 for the year
- None.
Saturday, August 6, 2022: 5 for the month, 36 for the quarter, 375 for the year
- 37205, conf, Grayson Mill, Larsen 10-2 XE 1H,
RBN Energy: is the Gulf of Mexico poised for a runn of crude oil production growth?
The Gulf of Mexico (GOM) has seen more than its share of stormy weather, and — both literally and figuratively — so have crude oil producers active there. Earlier this century, production growth in the offshore GOM was set back by Katrina and other major hurricanes, then by the Deepwater Horizon spill.
Starting in 2014, and for five years after that, the Gulf's output ratcheted up, only to be set back again, this time by the double-whammy of COVID and bad storms.
Now, the GOM appears to be poised for another period of steady growth — the only question is, with the global push to decarbonize, and with at least of couple of large producers planning to exit the region, will this be Gulf producers' last stretch of good weather? In today's RBN blog, we begin a short series on the ups and downs of GOM production, the new projects starting up this year and beyond, and the Gulf's longer-term prospects.
I found it a little alarming to see so many consumer discretionary companies with expanding gross margins a couple of quarters ago. Now, I think most employees are asking for a raise or job jumping for better pay to maintain standard of living.
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