Week 30: July 23, 2023 -- July 29, 2023

Locator: 45241TOP.

Top story:

• the Fed raises rates as expected, 25 basis points; many expect this to be last rate hike in this cycle
• inflation has never fallen so fast; Fed can't explain it
  
• the DOW: thirteen-day rally stopped for one day, then huge gain across the board on Friday
  
• Bidenomics: a "Goldilocks" economy?
  
• soft landing; no recession; 
  

Top international non-energy story:

• Russian-Ukraine war continues but it seems "no one" knows.
  
• Prigozhin -- in Belarus; Ukraine now has a new worry, from the north
  
• 1917-style stalemate?

Top international energy story:

• Saudi Arabia will extend production cut into August
  

Top national non-energy story:

• US Senate minority leader suffers stroke on national television (?)
• Ford now losing billions on EVs; "embraces" hybrids.
  

Top national energy story:

• SCOTUS: Mountain Valley Pipeline -- okay to drill
• WTI finally closes above $80 -- but it doesn't feel "satisfying"
• record heat, nationally, continues
  
• Texas grid holds: easily.
  

Focus on fracking: most recent edition. Commentary here.

Top North Dakota non-energy story:

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Top North Dakota energy story:

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Geoff Simon's top North Dakota energy stories:

•  Quick connects.
  

Bakken economy:

Commentary:

Entertainment: Barbie; Oppenheimer; set records;