Pages

Wednesday, June 1, 2022

US Recessions -- Is This Where We Are Today? June 1, 2022

I track the Vaca Muerta at the sidebar at the right

The giant gas reserve that could have eased today's crisis. Link to Tsvetana Paraskova

**********************
Poolside

The pool man -- Tyrone -- must have done his thing today -- I've never seen the water in the pool so clear. Wow.

***********************
Refining

Crude oil is the input.

Gasoline and diesel, among others "things," are the output from refineries.

All things being equal, the refiners should be doing really, really well tonight. Their "input" just dropped from $117 to $112. 

Link here, again. Second time tonight. Another open book test. 

***********************
Recessions In The US

"Everyone" is talking about "the recessions of the 1980s."

I was completely oblivious to those recessions. Prior to 1984 I was not an investor. I had more important things to do.

I had to re-acquaint myself with the recessions of the 1980's. From wiki:

Is this where we are today?

*******************************
Afternoon Rain

Wow, we needed this rain earlier this afternoon. Absolutely wonderful.

Demand Destruction Or Something Else? WTI Just Fell $3.30 -- June 1, 2022

Oil:

  • Brend: down 2.8%; down $3.22; trading at $113.
  • WII: down 2.9% down $3.30; trading at $112.

Oh-oh

Crack spread: new all-time high -- the WTI 3-2-1 crack spread exploded today, ending at $55 / bbl. I don't understand it and if I don't understand it, I know Joe Biden and his advisors don't understand it.

Jim Cramer apparently went "all-in" today on oil. I don't know. I haven't watched CNBC in weeks and have no plans to ever return to the network. Life is too short. 

Drop in price apparently due to "Saudi talk." LOL. Folks still don't get it.  

Baby formula: notice how this issue died as soon as the mainstream media quit reporting on it?

Hilarious: link here.

Living beyond their means, nothing new. Link here. But talk a depression may not be premature.

My favorite from the old days: Dean Martin.

*************************
Tulsa, OK

Five dead. At a medical facility. Another mass shooting.

The Devil Is In The Details -- I'm So Tired Of Auto Manufacturers Playing Games -- June 1, 2022

Disruptive:

The devil is in the details. Link here

Remember: Electrek.co is EV-friendly.

The question is not:

  • what is the range of the F-150 Lightning on a single charge?

The question is:

  • what is the range of the F-150 when actually towing something?

I'm so sick of auto manufacturers playing games. Same with ChargePoint earlier today. Great numbers, sort of, but all due to Europe, not the US. 

Meanwhile, reported earlier, GM slashes prices on the Chevy Bolt despite commodity prices for batteries increasing. Seriously, I would really like a Chevy Bolt but it would be a third car, after the primary cars for my wife and me, then an EV. And even then, not so sure. Having to find an available charger in our apartment complex is simply not something I want to think about every three days.

Active Rigs In North Dakota -- June 1, 2022

Usual disclaimer applies.

Active rigs. Unless I missed something, Oasis with no active rig at the moment.

Date

Rig

#

Operator

Well Name

File #

June 1, 2202

T&S Drilling

1

Slawson

Vixen Federal 7-19-30TFH

38844

June 1, 2022

Noble

1

Kraken

Raymone 16-21 2H

38728

June 1, 2022

Nabors B

1

Lime Rock

Hansen B 18-10-2TFH

38891

June 1, 2022

T&S Drilling

2

CLR

Bonneville 7-26HSL

38819

June 1, 2022

Nabors B

2

BR

Lone Beaver 1-1-17TFH

37693

June 1, 2022

Nabors B

3

Ovintiv

Kramer..12H

38241

June 1, 2022

Noble

4

CLR

Brings FIU 14-11H2

37945

Jun 1, 2022

Nabors B

5

Neset Consulting

Halite 1

38890

June 1, 2022

Nabors B

6

BR

Curtis 44-9MBH

30924

June 1, 2022

Nabors X

10

Grayson MIll

Lloyd 34-3 5H

38816

June 1, 2022

Stoneham

16

Zavanna

Galloway … 3TFH

29783

June 1, 2022

Stoneham 

17

Koda Resources

Stour 2918-4BH

38888

June 1, 2022

Stoneham

18

Liberty Resources

AZ W 158-93-13-24-2MBH

38415

June 1, 2022

Nabors B

18

WPX

Wounded Face 14-15HB

38434

June 1, 2022

Nabors B

20

Iron Oil

Boxcar 1-4-16H

37896

June 1, 2022

Nabors B

21

Crescent Point 

CPEUSC DeFrance .. MBH

38820

June 1, 2022

Nabors B

22

Kraken

Knox LE 16-21 7H

38872

June 1, 2022

Nabors X

24

Hess

EN-Farhart-….1

38439

June 1, 2022

Nabors B

27

CLR

Irgens Rexall 9-19HSL 1

37291

June 1, 2022

Nabors X

27

Hess

GO-Haug-LE-156 … 1

38564

June 1, 2022

Nabors X

28

Hess

HA-Dahl…1

38425

June 1, 2022

Cyclone  

35

Bowline Energy

Heen 153-104-35-26-4H

35589

June 1, 2022

Cyclone 

38

CLR

Bonneville 8-23H

38783

June 1, 2022

True Drillinig

39

Enerplus

Lob 149…

38693

June 1, 2022

True.

40

Enerplus

Embroider 149 …

38845

June 1, 2022

H&P 

259

MRO

Rixman 24-8TFH

38708

June 1, 2022

H&P 

276

Rimrock

Moccasin Creek 14-11 5TFH

38183

June 1, 2022

Patterson 

280

Murex

KC-Dustin David 17-20H MB

38765

June 1, 2022

Unit 

414

Slawson

Vixen Federal 6-19-30TFH

29294

June 1, 2022

H&P

429

MRO

Dunford 14-10H

38790

June 1, 2022

H&P

456

CLR

Medicine Hole 11-27H1

38789

June 1, 2022

H&P

492

CLR

LCU Foster FIU 6-28H1

38169

June 1, 2022

H&P

515

Petro-Hunt

Schultes 159.. SWD

38933

June 1, 2022

H&P 

516

Ovintiv

Kramer … 12H

38245

June 1, 2022

H&P 

535

Whiting

Mariah Olson 31-1HR2

38879

June 1, 2022

H&P 

640

Hunt

King 156-90-5-35H 4

38803

June 1, 2022

Patterson 

806

Whitnig

Littlefield 11-21-2HU

38856

June 1, 2022

Patterson

808

Whiting

Rohde Federal 14-6-3XH

38739

June 1, 2022

Patterson

811

Grayson Mill

Domaskin 30-31 9H

36875

June 1, 2022

Patterson 

901

CLR

Clear Creek …26H2

37985