Slowly, slowly, very slow.
Link here.
Wednesday, May 18, 2022
Biggest Political Story Of The Week -- May 18, 2022
Either one of these is the biggest political story of the week.
First, US Dept of Homeland Security has paused its new disinformation board; the board's director will resign. Link here. The Bismarck Tribune editorial staff is going nuts.
Second, Supreme Court of Kansas affirms "Republican congressional map." Link here.
A third story could be added to the list: SCOTUS rules 5 - 4 against illegal immigrant seeking to avoid deportation; inexplicably Gorsuch writes dissent. Gorsuch joined the three liberal-leaning justices in dissent. Story everywhere.
Quibbling And The Price Of Gasoline In Gasoline -- May 18, 2022
Killing the Keystone: Alberta, Canada, energy minister, "US energy security depends on Alberta." -- May 18, 2022.
The road to California: California has become the first state to ever record an average gasoline price of $6 / gallon.
The above data point was reported by "GasBuddyGuy." Quibbling, "rb_john" asked:
I don't think a night out with "rb_john" would be any fun. My hunch: he would keep track of how many drinks everyone in the party had paid for.
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The Book Page
This is really pretty good.
Every day a great series of essays, book reviews, excerpts of new books arrive in my electronic mail.
I scan through the list and usually find one to three essays, reviews, or excerpts that might be worth reading.
For the second time in about six months, a book popped up that intrigues (intrigued) me.
This time, at the link, "a Cape Cod book." Just in time for all the Boston Brahmins headed for Cape Cod for the summer. It's really quite clever how the publisher must have arrived at this "release" date.
With a couple of clicks, it's now on its way to my little hovel. It will be here this Friday. Wow.
Ovintiv With Three New Permits; Sixteen Permits Renewed -- Daily Activity Report -- Tuesday -- May 17, 2022
WTI: $112 or thereabouts
Active rigs: 39 or thereabouts.
Three new permits, #38954 - #38956, inclusive:
- Operator: Ovintiv
- Field: Westberg (McKenzie)
- Comments:
- Ovintiv has permits for three Anderson Federal wells in NWNE 16-152-96,
- to be sited 995 FNL and between 2120 FEL and 2160 FEL -- only twenty feet between wells.
Two wells came off the confidential list:
- 38309, n/d, Hess, EN-Hegland-156-94-3229H-3,
- 35411, n/d, Crescent Point Energy, CPEUSC Narcisse 2-8-5-158N-99W,
Sixteen permits renewed:
- CLR (8): eight Gordon Federal permits in Dunn County
- Rimrock Oil & Gas (7): six Skunk Creek permits in Heart Butte (Dunn County); and one Charging Eagle permit in Twin Buttes (Dunn County)
- MRO: a Sophia USA permit in Dunn County.
Weekly EIA Petroleum Report -- Pending -- May 18, 2022
WTI: $112.90 just before report released.
Weekly EIA petroleum report, link here:
- US crude oil in storage decreased by a modest 3.4 million bbls from the previous week despite a release of one million bopd from the SPR.
- US crude oil in storage now stands at 420.8 million bbls; 14% below the five-year average.
- US imported 6.6 million bopd, up by 299,000 bopd from the previous week (yawn).
- Over the past four weeks, crude oil imports average 6.3 million bpd, 4.7% more than the same period last year.
- US refineries are operating at 91.8% of their operable capacity, pretty much unchanged.
- distillate inventories increased by 1.2 million bbls last week; inventories are not 22% below their five-year average.
- jet fuel supplied was up 28.6% compared to same four-week period last year.
- gasoline demand: link here.
After the report released, WTI: $112.70.
Target: Missed -- May 18, 2022
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
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Camus
Quick: why is Camus trending?
I'm fairly well read.
I tend to follow current events fairly closely.
Did I simply forget about Camus? Or did I simply "miss" this Camus completely?
I'm not talking about Albert Camus of whom I am aware: wiki entry.
Camus, 1913 - 1960, was born in French Algeria to Pieds Noirs parents.
He spent his childhood in a poor neighbourhood and later studied philosophy at the University of Algiers.
He was in Paris when the Germans invaded France during World War II in 1940. Camus tried to flee but finally joined the French Resistance where he served as editor-in-chief at Combat, an outlawed newspaper. After the war, he was a celebrity figure and gave many lectures around the world. He married twice but had many extramarital affairs.
Camus was politically active; he was part of the left that opposed the Soviet Union because of its totalitarianism.
Camus was a moralist and leaned towards anarcho-syndicalism. He was part of many organisations seeking European integration. During the Algerian War (1954–1962), he kept a neutral stance, advocating for a multicultural and pluralistic Algeria, a position that caused controversy and was rejected by most parties.
Philosophically, Camus's views contributed to the rise of the philosophy known as absurdism. He is also considered to be an existentialist, even though he firmly rejected the term throughout his lifetime.
But Renaud Camus? Wiki entry.
Apparently in the woke world, Albert Camus is well respected. Renaud Camus, not. At least not in the past week.
But at one time, apparently celebrated by the literati, movers, shakers, and the LBGQT community.
Known exclusively as a novelist and poet until the late 1990s, Camus received the Prix Fénéon in 1977 for his novel Échange, and in 1996 the Prix Amic from the Académie Française for his previous novels and elegies.
But w hat surprised me is how quickly a new meme was created. Literally overnight for me. Was it The Washington Post or The New York Times that changed the narrative "overnight"? I don't know. Maybe I was the only one that missed all this.
Bakken DUCs Spreadsheet -- May 18, 2022
A reader sent me the monthly DUC update. Thank you very much. I post only the Bakken data. Data for all major US plays is available.
|
|
|
|
|
|
|
Bakken |
||
|
|
Drilled |
Completed |
DUC |
|
Dec-13 |
-- |
-- |
570 |
|
Jan-14 |
178 |
143 |
605 |
|
Feb-14 |
210 |
158 |
657 |
|
Mar-14 |
224 |
218 |
663 |
|
Apr-14 |
217 |
207 |
673 |
|
May-14 |
226 |
208 |
691 |
|
Jun-14 |
236 |
225 |
702 |
|
Jul-14 |
250 |
243 |
709 |
|
Aug-14 |
226 |
207 |
728 |
|
Sep-14 |
256 |
232 |
752 |
|
Oct-14 |
186 |
243 |
695 |
|
Nov-14 |
209 |
202 |
702 |
|
Dec-14 |
224 |
194 |
732 |
|
Jan-17 |
62 |
52 |
781 |
|
Feb-17 |
51 |
58 |
774 |
|
Mar-17 |
78 |
71 |
781 |
|
Apr-17 |
78 |
104 |
755 |
|
May-17 |
94 |
82 |
767 |
|
Jun-17 |
76 |
105 |
738 |
|
Jul-17 |
95 |
103 |
730 |
|
Aug-17 |
99 |
110 |
719 |
|
Sep-17 |
98 |
97 |
720 |
|
Oct-17 |
104 |
110 |
714 |
|
Nov-17 |
93 |
86 |
721 |
|
Dec-17 |
77 |
65 |
733 |
|
Jan-18 |
107 |
72 |
768 |
|
Feb-18 |
74 |
74 |
768 |
|
Mar-18 |
95 |
90 |
773 |
|
Apr-18 |
109 |
110 |
772 |
|
May-18 |
124 |
131 |
765 |
|
Jun-18 |
108 |
118 |
755 |
|
Jul-18 |
134 |
155 |
734 |
|
Aug-18 |
108 |
138 |
704 |
|
Sep-18 |
108 |
122 |
690 |
|
Oct-18 |
120 |
118 |
692 |
|
Nov-18 |
110 |
99 |
703 |
|
Dec-18 |
108 |
70 |
741 |
|
Jan-19 |
120 |
71 |
790 |
|
Feb-19 |
108 |
56 |
842 |
|
Mar-19 |
111 |
110 |
843 |
|
Apr-19 |
118 |
112 |
849 |
|
May-19 |
127 |
127 |
849 |
|
Jun-19 |
118 |
149 |
818 |
|
Jul-19 |
122 |
122 |
818 |
|
Aug-19 |
122 |
144 |
796 |
|
Sep-19 |
110 |
88 |
818 |
|
Oct-19 |
116 |
108 |
826 |
|
Nov-19 |
96 |
88 |
834 |
|
Dec-19 |
94 |
86 |
842 |
|
Jan-20 |
99 |
98 |
843 |
|
Feb-20 |
94 |
100 |
837 |
|
Mar-20 |
94 |
108 |
823 |
|
Apr-20 |
69 |
33 |
859 |
|
May-20 |
33 |
14 |
878 |
|
Jun-20 |
18 |
11 |
885 |
|
Jul-20 |
18 |
22 |
881 |
|
Aug-20 |
19 |
27 |
873 |
|
Sep-20 |
18 |
51 |
840 |
|
Oct-20 |
19 |
41 |
818 |
|
Nov-20 |
20 |
31 |
807 |
|
Dec-20 |
20 |
50 |
777 |
|
Jan-21 |
20 |
41 |
756 |
|
Feb-21 |
19 |
24 |
751 |
|
Mar-21 |
25 |
45 |
731 |
|
Apr-21 |
27 |
46 |
712 |
|
May-21 |
29 |
68 |
673 |
|
Jun-21 |
31 |
42 |
662 |
|
Jul-21 |
32 |
62 |
632 |
|
Aug-21 |
39 |
70 |
601 |
|
Sep-21 |
41 |
80 |
562 |
|
Oct-21 |
43 |
82 |
523 |
|
Nov-21 |
47 |
78 |
492 |
|
Dec-21 |
52 |
75 |
469 |
|
Jan-22 |
53 |
75 |
447 |
|
Feb-22 |
64 |
75 |
436 |
|
Mar-22 |
66 |
76 |
426 |
|
Apr-22 |
69 |
76 |
419 |