On My Radar Scope Today -- November 29, 2022

Tee leaves: President Biden will go down in history as one of the better US presidents. 

• depends how one defines "better"
• "more effective" than many US presidents?
• more statesmanlike?

The impending rail strike.

The triplepidemic: the seasonal flu, Covid-19, and RSV "chest cold" data is absolutely fascinating

• Covid surging in China, Japan
• mortality and serious disease from Covid in China? About 0.025%. Let that sink in.
• Japan: huge surge in cases; tell me again the vaccine program in the US is not working
• seasonal flu is particularly severe this year -- CNBC. Hospitals feeling the pressure ... again

NFL Monday night: pathetic

• Thursday night: some great matchups
• what changed? Amazon owns NFL TNF
• Jeff Bezos: well-played

Pet peeve: blaming high prices on some food items on inflation;
in fact, other forces at work, though inflation pays a role
examples: iceberg lettuce; to some extent romaine lettuce; chickens; eggs

Coca-cola:

• for the past several months, a year? Price of 2-liter Coke:
• Target: $2.59
• Walmart: $2.58
• yesterday, Walmart: $1.88. What just happened.

Great Britain:

• wind not blowing
• renewables providing almost no electricity for the Brits right now

Apple vs Twitter spat:

• probably not good for either
• but mainstream media missing the big story
• has to do with revenue
• reminder: Apple destroyed Meta because of Apple's privacy rules

Tech, Russia:

• the country's largest tech company exits Russia
• winner: certainly not Russia

LNG, Europe: the story keeps getting bigger and bigger

• winner: US. Huge story. Few following the story.

WTI: recovering.

****************************
Back to the Bakken

The Far Side: link here.

Active rigs: 41.

WTI: 78.66.

Natural gas: $7.268.

Wednesday, November 30, 2022: 72 for the month, 109 for the quarter, 654 for the year.
38844, conf, Slawson, Vixen Federal 7-19-30TFH,
38819, conf, CLR, Bonneville 7-26HSL,
38728, conf, Kraken, Raymond 16-21 2H,
38173, conf, CLR, LCU Foster FIU 10-28H1,
37965, conf, Enerplus, Ham 151-94-16B-21H,
37945, conf, CLR, Brangus FIU 14-11H2,

Tuesday, November 29, 2022: 66 for the month, 103 for the quarter, 648 for the year.
38921, conf, CLR, Medicine Hole 3-27HSL,
38843, conf, Slawson, PhatKat Federal 7-18-7TFH,
37947, conf, CLR, Brangus FIU 12-11H1, 
37946, conf, CLR, Brangus FIU 13-11H,

RBN Energy: more Gulf Coast LNG export capacity is on its way; where will the feedgas come from? Archived.

The first wave of Gulf Coast liquefaction and LNG export facilities was well-timed, coming as it did with fast-rising natural gas supplies in the Lower 48 and a slew of pipeline reversals and expansions that enabled billions of cubic feet a day of low-cost Marcellus-Utica gas supplies to reach Gulf Coast markets. Permian and Haynesville supplies helped too. The next wave of LNG development, which will kick off in earnest in 2024, may not go quite as smoothly, however. Global demand for LNG is there — there’s little doubt about that. But the next phase of export capacity growth may well be hemmed in by domestic factors, namely the timing and availability of gas supplies to the Gulf Coast due to potentially serious midstream constraints. In today’s RBN blog, we look at where the feedgas supply is likely to come from and what that will mean for pricing dynamics.