Great Britain: broke? $180 billion in foreign exchange reserve assets? I think I read somewhere that $180 billion will cover three months of imports. This site suggests Great Britain has $70 billion in monthly imports. Please fact-check. The exact numbers concern me not. Is Truss in deep doo-doo?
Great Britiain foreign exchange reserves? $180 billion?
- Foreign Exchange Reserves in the United Kingdom decreased to 180,781 USD Million in August from 184043.27 USD Million in July of 2022. source: Bank of England.
Amazon: mid-October sale.
Apple: has started manufacturing the iPhone 14 in India. Link here.
- by late 2022 (this year), 5% of global production of the iPhone will be in India;
- by 2025, perhaps as much as 25% of all iPhones could be made in India
- two months ahead of schedule; link here.
Apple: "pay later" delayed
- scheme allowing qualifying US customers split a purchase into four equal payments over six weeks, delayed due to engineering challenges; link here;
- Amazon's 6-month to 18-month interest-free purchases (depending on purchase price) seems like a much better deal
- for Apple, six weeks is only two weeks longer than the 30-day grace period offered by all credit cards;
- Apple still comes across as the most tight-fisted operation I follow; great for investors, if not Apple customers
Literary Hub: particularly good today --
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Back to the Bakken
The Far Side: link here.
Active rigs: 47.
WTI: $77.98.
Natural gas: $6.615. Wow.
Tuesday, September 27, 2022: 45 for the month, 95 for the quarter, 434 for the year
- 38719, conf, Ovintiv, Calhoun 149-98-3-10-13H,
- 37944, conf, Bowline, Missouri W 152-103-4-8-13H,
- 37814, conf, BR, Saddle Jerome 44-9 MBH-ULW,
Monday, September 26, 2022: 42 for the month, 92 for the quarter, 431 for the year
- None.
RBN Energy: Louisiana gas pipeline projects key to unlocking more US LNG exports.
The battle to restore energy reliability in Europe has breathed new life into North American LNG export projects — and into the Haynesville Shale in Louisiana, the closest supply basin to many of the planned and proposed liquefaction facilities. Gas production in the region has climbed more than 4 Bcf/d — an impressive 39% — since 2019 and we expect it to grow nearly as much over the next three years. The big question on everyone’s mind, however, is whether there will be enough pipeline capacity to move that gas to where it’s needed on the coast. Pipeline capacity for southbound flows through the Bayou State is already showing signs of stress. Will recently completed and upcoming debottlenecking projects help stave off major supply and pricing disruptions? In today’s RBN blog, we provide our outlook on Haynesville production and the nature and timing of Gulf-bound pipeline projects.
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