Gaslighting: Almost 200 million bbls may never be returned to the SPR. I'm shocked. Shocked.
- the US DOE may not have sufficient budget to refill the petroleum reserve;
- it's such a convoluted story, I won't even attempt to break it down.
- but, that pretty much ends any more releases for political purposes in the near future
- and, we all know, the real SPR is now Saudi Arabia for heavy oil, and the Permian for light oil
- something tells me, we have a new floor for the price of oil -- whoo-hoo!
- it should be an interesting summer.
Gasoline demand, link here:
*****************************
Back to the Bakken
Active rigs: link here.
WTI: $77.68.
Natural gas: $3.678.
No new permits.
Nineteen permits renewed:
- XTO (10): four Wood permits in Truax oil field, Williams County; five Hartel permits in Siverston field, McKenzie County; one Carus State permit, Lost Bridge, Dunn County;
- Hess (7):
- Hunt (2): two Patten permits, Parshall oil field, Mountrail County.
No comments:
Post a Comment