Jamie Dimon gets it. One of the few. Link here. Not what they wanted to hear. Watch again. And again. And again.
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Back to the Bakken
Active rigs: 48.
The Far Side: link here.
WTI: not gonna look.
Natural gas: not gonna look.
Friday, September 23, 2022: 36 for the month, 86 for the quarter, 425 for the year
38182, conf, Rimrock, Moccasin Creek 14-11 4H,
38722, conf, Ovintiv, Calhoun 149-98-3-10-4H,
38698, conf, Rimrock, MC 14-11 Polar Bear 34H,
RBN Energy: in G-7's plans for price cap, punishing Russia is easier said than done, part 2.
Economic sanctions can be a powerful tool to punish a country or group, especially if they involve an essential commodity like crude oil. Imposed for a variety of reasons (military, political, social), sanctions can cause serious harm to the targeted entity. But levying them effectively is not as simple as it may seem, and even the most well-intentioned plans can fall short or have unintended consequences or backfire altogether. In today’s RBN blog we look at a plan by the U.S. and its allies to limit the price of Russian crude oil and the significant challenges in designing a cap that is effective and enforceable.
Russia’s catastrophic invasion of Ukraine sent a jolt through the international community and tensions shot higher Wednesday after Russian President Vladimir Putin announced a massive call-up of military reservists and made other thinly veiled threats about Russia’s military capabilities. Apart from the humanitarian tragedy unfolding, the subsequent increase in energy prices and their effect on inflation has been by far the most significant concern for energy this year.
It will be a lot easier when Putin goes nuclear.
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