Friday, July 7, 2023

Wow, Already Friday -- And The Texas Grid Held Once Again -- Five Wells Coming Off Confidential This Weekend -- July 7, 2023

Locator: 45918TECH.  

Samsung: 2Q23 profits plunge 96% -- estimate.

China ban on metals: Peter Zeihan not concerned. Nor am I but EV manufacturers will blame China for their problems.

WTI; continues to struggle. Got through $70, but can't get past $72.

  • word on the street: energy companies won't get "second wind" until oil above $75
  • in fact, for real gains, need to see oil above $80

Rigs don't matter: EQT sets record. "18K in 48 hours."

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Back to the Bakken

WTI: $71.76.

Sunday, July 9, 2023: 56 for the month; 164 for the quarter, 419 for the year
39442, conf,  Kraken, Orbit 24-13-12 5H,
39176, conf, CLR, Clyde Hauge 5-13H,

Saturday, July 8, 2023: 54 for the month; 162 for the quarter, 417 for the year
39441, conf, Kraken, Orbit 24-13-12 4H,
39178, conf, CLR, Clyde Hauge 6-13H,

Friday, July 7, 2023: 52 for the month; 160 for the quarter, 415 for the year
39440, conf, Kraken, Orbit 24-13-12 3TFH,

 

RBN Energy: a decade after the "big bang," are RIN prices headed for a crash?

The Renewable Identification Number (RIN) has long served as the tool used to force renewable fuels like ethanol and soybean oil into the U.S. gasoline and diesel supply. A creation of the Renewable Fuel Standard (RFS), RINs act as a subsidy that enables the production of renewable fuels that would not otherwise be economically justified. RIN prices are set by the usual workings of supply and demand, but chatter has bubbled up recently in the renewable fuels ecosystem that prices for a particular variety of RIN could be headed for a crash. In today’s RBN blog, we explain what’s behind the talk about RIN prices.

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