Busy, Busy, Busy Friday -- So Much To Post -- The EU Just Can't Help Itself -- Aprll 21, 2023

Locator: 44442B.

Before we start: might the US have its first cybernetic president in 2025? Something to think about.

The EU is absolutely committed to destroying its economy. When will Daimler say enough is enough?

Link here. This was in USA Today. This is the kind of graphic Bloomberg should have posted.

• of the entire EU, only Germany makes the chart
• the US-EU industrial gap continues to widen and yet US has greatest emissions decline
• this graph is worth the subscription price of The Million Dollar Way blog!

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Back to the Bakken

Active rigs: 44.

Peter Zeihan newsletter.

WTI: $78.12. Apparently ...

Natural gas: $2.239.

Monday, April 24, 2023: 41 for the month; 41 for the quarter, 296 for the year
None.

Sunday, April 23, 2023: 41 for the month; 41 for the quarter, 296 for the year
38682, conf, Whiting, LBJ 14-14HU,
36146, conf, BR, Mazamaphantom 1A MBH-ULW,

Saturday, April 22, 2023: 39 for the month; 39 for the quarter, 294 for the year
None.

Friday, April 21, 2023: 39 for the month; 39 for the quarter, 294 for the year
39062, conf, KODA Resources, Bock 3229-2 BH,
37474, conf, Petro-Hunt, Watterud 160-95-11C-2-3H,

RBN Energy: huge incentives, rising demand drive boom in clean ammonia project development. Link here.

For some time now, clean ammonia proponents have been talking up its potential as a very-low-carbon alternative for power plants, ships and other hydrocarbon consumers. Still, rock-solid plans for U.S. projects to produce large volumes of ammonia from clean hydrogen remained few and far between. Until lately, that is, with the recent uptick in project announcements spurred on, in large part, by the supercharged tax credits for carbon capture and sequestration (CCS) in the Inflation Reduction Act (IRA) and the newly firmed-up efforts by power generators in Japan and South Korea to make clean ammonia an important part of their fuel mix going forward. In today’s RBN blog, we discuss the progress that clean ammonia has made since the IRA became law and the growing list of projects advancing to a final investment decision (FID), construction and production.

We’ll begin with a brief refresher course on what clean ammonia is, how it’s produced and what it can be used for. Then we’ll look at the primary drivers behind the development of clean ammonia production facilities (and ammonia export terminals), and after that (in Part 2) we’ll discuss in detail the bevy of U.S. projects now being planned.