Locator: 44298B.
Updates
Later, 10:59 p.m. CT: Janet Yellen says the "surprise cut" is "an unconstructive act."
- was it constructive when President Biden said very, very clearly: "no more drilling"?
- is it constructive when President Biden does everything he can to shut down US oil sector and then asks the Saudis to increase their own production?
- was it a constructive when Biden precipitously and prejudicially killed the Keystone XL pipeline on his first day in office?
- was is constructive when President Biden said "no" to COP's 5-well drilling program in the Willow Project?
- was it constructive when Biden released record amounts of oil from the SPR for purely political reasons?
- was it constructive to gaslight Americans when he said the administration would start refilling the SPR this year?
- the list goes on.
If the Bakken was shut down tomorrow, would anyone notice?
- the OPEC+ "surprise cut" is about one million bopd, less than what the Bakken produces daily.
- everything I read suggests analysts are "sour" on the Bakken
Original Post
If you have time for just one article this week, this is the article I would recommend, if you are an investor in US equities.
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