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The Book Page
My new book will arrive tomorrow from Amazon, ordered it today. "Free" with "points" on the Amazon credit card.
Until that book arrives, my book for the day:
I've read the book two or three times, so it's always fun to go back and read various selections. Today, I read the lecture on Richard III.
WTI; up 3% after the president announced another 20 million bbls of oil would be released from the US SPR; trading at $98.13
Natural gas: $8.687.
Active rigs: 46 or thereabouts.
No new permits.
One producing well (a DUC) reported as completed:
Before we get started, that "chips" bill: way more than advertised.
A few days / weeks ago, we agree on two things:
The sh*t hit the fan in Europe; and
Ten best energy stocks for inflation, link here;
NASDAQ up almost 300 points even after Fed raises rates 75 basis points;
10. SOFrom the CVX-Fitzsimmons link:
9. PSX
8. HAL
7. EOG
6. CVX: best of breed, Michael Fitzsimmons.
5. Enphase (ENPH)
4. SLB
3. DVN
2. OXY
1. COP
Refiners:
No clue:
Fed: no surprise. Raises "rate" 75 basis points. Okay. NASDAQ still up almost 300 points.
WTI:
Imagine: WTI if President Biden was not selling a million bbls a day
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Word For The Day
Word for the day: okay, before we get to the word for the day, the French word of "to forget" is: oublier
The weekly EIIA petroleum report:
Other links:
Saudi:
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Back to the Bakken
Far Side: link here.
WTI: $95.59.
Natural gas: $8.815.
Active rigs: 46 rigs or thereabouts.
Thursday, July 28, 2022: 28 for the month, 28 for the quarter, 367 for the year
Wednesday, July 27, 2022: 27 for the month, 27 for the quarter, 366 for the year
RBN Energy: The Houston area's care for becoming a DOE-backed hydrogen hub.
It took many decades to build out the U.S.’s natural gas production, processing and transportation infrastructure, and just as long to develop demand for natgas — the many millions of residential, commercial, industrial and power-generation customers that now depend on U.S. gas, both domestically and, more recently, internationally as well. Now, with action on both climate change and energy security top of mind, there’s a big push to add clean hydrogen to the energy mix as quickly as possible, as evidenced by the Department of Energy’s plan to invest up to $8 billion in the development of four or more “hydrogen hubs.” This time, we won’t have decades to build out the clean hydrogen supply, demand and infrastructure that will be needed to make a real difference — and that’s precisely the point being made by the folks in and around Houston, who assert that the region has just what it takes to get a consequential hydrogen hub up and running. In today’s RBN blog, we continue our look at the federal government’s push to advance clean hydrogen and the Houston-led effort to make the western Gulf Coast a center of hydrogen-related activity.
As we said in Part 1, it’s clear by now that the transition to a lower-carbon economy will be an “all of the above” kind of thing, involving everything from wind, solar and nuclear power to battery storage, electric vehicles and fuel cells. And hydrocarbons, whose climate impacts can be reduced by blending with renewable fuels or other means — or mitigated (partially or even fully) with carbon offsets and carbon sequestration. Then there’s clean hydrogen, the focus of this blog series, whose development the DOE has deemed crucial to meeting the Biden administration’s goals of a 100% clean electric grid by 2035 and net-zero carbon emissions by 2050.
