What We'll Be Talking About Today -- January 13, 2023

Updates

Friday, January 13, 2023: link here -- agree, 1,000% --

Original Post

This isn't supposed to happen:

Links later. 

• FAA: this isn't supposed to happen either; the backstory here;
• the good news: the shutdown only lasted a few hours; and in the middle of the night;
  
• Buttigieg: "these glitches happen all the time" -- say what! Buttigieg completely owns it; he will never be held accountable; 
• he will run for president

• Rare earths: 
• Sweden just found the mother lode.
  
• EVs:
• sold only 60% of the cars it made in 2022; way too expensive even for rich folks;
• Tesla is massively cutting prices; there goes the margins;
• US deficit:
• the Dems are beating the GOP at their own game: the federal budget deficit came in at $1.4 trillion for CY22; down from $2.6 trillion a year earlier
• Inflation:
• excluding the lagged shelter component, inflation has just about normalized;
• Gaslighting:
• this can't be a coincidence; during this past week I've been using "gaslighting" to describe the Biden administration; now, all of a sudden, that's a PowerLine headline; this ain't coincidence, folks. At least I cite my sources. LOL.
• Trending on the blog:
• "folks who disagree with 'his' decision don't understand politics"
• memo to self: update that post with the most recent Covid-19 data;
• Russia:
• doesn't even have the technology to make its own tires;
• I don't think folks realize how far Russia has fallen; it's worse than a 3rd world country when it comes to manufacturing -- it's not even an emerging nation any more
• I think even Bernie Sanders realizes that
• TSM:
• people thinking out loud: this company might just become the largest company in the world by the end of this decade.
• Lego: 
• "we" own the top two pirate ships in the entire Lego collection
• these are expensive, and hard to find; and we got 'em!
• see this note for links to YouTube.
  

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Back to the Bakken

The Far Side: link here.

Active rigs: link here.

WTI: trending toward $80! Whoo-hoo!

Natural gas: $3.735.

Sunday, January 15, 2023:
38768, conf, Lime Rock Resources, Eleanor Twist 4-3-10H-143-95,
38195, conf, Hess, EN-Rehak A-LW-155-94-1423H-1,
36892, conf, Petroshale, Bowie Federal 3MBH,
27892, conf, CLR, Jersey FU 9-6H,

Saturday, January 14, 2023:
39015, conf, Kraken, Feller 15-22 7H,
38767, conf, Lime Rock Resources, Eleanor Twist 3-3-10H-143-95;

Friday, January 13, 2023:
36891, conf, Petroshale, Carson Federal 21-19A,
36177, conf, BR, George 2E MBH,
27883, conf, CLR, Jersey Federal 21-6H,

RBN Energy: tier 3 gasoline specs can handcuff production, but refiners have options, part 3.

Senior refining executives were called to Washington, DC, in June, around the time U.S. gas prices hit their high-water mark for the year, as the government sought recommendations about how to increase the supply of gasoline. One suggestion made to Secretary of Energy Jennifer Granholm was to relax sulfur specifications on fuels, including the Tier 3 gasoline sulfur specifications. But what is the connection between those rules and the U.S. refining system’s ability to produce gasoline? In today’s RBN blog, we explain how the Tier 3 rules constrain gasoline supply capacity in the U.S. and discuss ways to break free from those chains.