Tuesday, March 7, 2023

The 21st Century -- America's Century -- March 7, 2023

Rail: Siemens announces a new $220 million rail manufacturing facility in North Carolina. Speaks volumes about "the future" of America. Link here.

  • Lexington, North Carolina
    • on I-85, about 2/3rds of the way from Charlotte, NC, on the way to Greensboro, NC
  • will build passenger cars
  • production to begin next year (2024)
  • an infrastructure law that Congress passed in 2021 is injecting funds into U.S. rail and transit operations

Pet peeve: presenters and anchors on CNBC seem unable to think strategically.  At most, it seems they cannot think any further (farther?) out than JPow's next congressional visit.

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Back to the Bakken

Active rigs: 44.

WTI: $77.58.

Natural gas: $2.687.

No new permits.

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