First Day Of The New Year -- Natural Gas Breaks Below $4 -- January 3, 2023

What we'll be talking about this week:

• market down again; JPow and the Dems in a panic. 
• market will re-set to 2020.
  
• US auto sales: 2022 -- worst year in over a decade;
• US Honda sales slump 33% y/y.
• Ford's numbers come out January 5, 2023. 
• Tesla: record number of deliveries.
  
• the Simon-Ehrlich wager.
• Covid-19: new variant. 
• the GOP circular firing squad in the US House.
  
• US catches up with Qatar as #1 LNG exporter (despite Freeport LNG export facility being down)
• first US LNG tanker arrives Germany this week; huge story; links everywhere; here's one.
  

 

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Back to the Bakken

The Far Side: link here. 

Active rigs: 46.

WTI: $78.64.

Natural gas: $3.997

Tuesday, January 3, 2023:
38413, conf, Whiting, Kannianen 11-5-3HU,
27878, conf, CLR, Jerey FIU 16-16H1,

Monday, January 2, 2023:
38531, conf, Whiting, Kannianen 43-31XH,
38198, conf, Hess, EN-Rehak A-155-94-1423H-5,

Sunday, January 1, 2023:
38955, conf, Ovintiv, Anderson Federal 152-96-9-4-6H,

RBN Energy: scorecard -- the top ten RBN energy prognostications. Archived.

As we bid adieu to 2022, it’s once again time for the Top 10 RBN Energy Prognostications, our long-standing tradition where we look into our crystal ball to see what the upcoming year has in store for energy markets. And unlike many forecasters, we also look into the rearview mirror to see how we did with last year’s predictions. Ouch. No, we did not predict a lingering, hot war in Europe in 2022, and that had a variety of ramifications for our scorecard this time around. Even so, we actually feel pretty good about those market calls. Most turned out to be spot-on, and for the others, well, it’s informative just to see what we thought was going to happen in 2022, pre-Ukraine. Then tomorrow we’ll take on the challenge of predicting the energy markets of 2023. But today it’s time to look back. Back to what we posted on January 2, 2022.