Monday -- WTI Up Nicely -- Six Wells Coming Off Confidential List -- August 21, 2023

Locator: 45435B. 

The "market crash" will have to wait: 

NVDA: up almost $20 at the open; up over 4.0%. Earnings out later this week (Wednesday). One can “get” 4% in bonds but it will take a year. Not a recommendation; just an observation for the blog. [Later: at close, NVDA closed up almost 8.5%; up almost $40; trading at $470.]

Millennials: amazing how similar these three lists are --

• one;
• two; and,
• three.

Cargo: largest global airports ranked by cargo moved -- link here.

• one in each of five countries (5) -- if Hong Kong, Shanghai, and Taiwan separate
  
• China (2), Taiwan,
  
• South Korea
• Japan
  
• five in the US (5) -- Memphis is #2 behind Hong Kong
• pretty easy to remember
• Miami, LAX, and Anchorage
• Louisville and Memphis

Investing: seven energy stocks -- one week ago -- the usual suspects.

• add HAL and RIG

Investing: index funds.

Trump history: now available on Facebook.

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Back to the Bakken

Focus on fracking: link here.

• US oil production at a 40-month high
• gasoline supplies at an 8-month low
• DUC backlog at 5 months

WTI: $82.17. Hard to believe, but the first time WTI was up on a Monday in a long time.

Monday, August 21, 2023: 41 for the month; 243 for the quarter, 488 for the year
39449, conf, CLR, Edward 9-23H1, 
37931, conf, BR, Parrish 3B MBH,
35467, conf, Oasis, MHA 6-27-26H-150-92,

Sunday, August 20, 2023: 38 for the month; 240 for the quarter, 485 for the year
39450, conf, CLR, Edward 10-23H,
38995, conf, Hess, TI-Stenback-158-95-2526H-10,
38904, conf, Enerplus, MC-Kudrna 144-95-10-3-3H,

RBN Energy: US refiners stand to benefit from longer reliance on liquid fuels, limited global capacity additions.

The world consumes about 100 MMb/d of liquid fuels, which are critically important to every segment of the global economy and to nearly every aspect of our daily lives. The size and scope of this market means it’s impacted by all kinds of short-term forces — economic ups and downs, geopolitics, domestic developments and major weather events, just to name a few — some of which are difficult, if not impossible, to foresee. But while these events can sometimes come out of nowhere, there are some long-term forces on the horizon that will shape markets in the decades to come, even if the magnitude of these changes might be up for debate. One is a move to prioritize alternative fuel sources rather than crude oil, but a meaningful shift won’t happen as quickly as many forecasts would indicate — and that has big implications for liquid fuel demand and the outlook for U.S. refiners.