Locator: 46313TOPSTORY.
Pending. In case I get busy during the holiday season, putting up the template now.
Top story:
- both Ford and GM throw in the EV towel;
- decision announced during COP28 [John Kerry’s annual global warming fete, this year held in oil-rich Dubai]
- conference turned out to be opportunity for oil companies to huddle
Top international non-energy story:
- Israeli military: kills three hostages; mis-identifies as enemy combatants
- on the battlefield, thinks look bleak for Ukraine: Zeleskyy’s Biden visit appears to be unsuccessful
- diplomatically: a huge tune of events — discussion turns to admission into EU; if that occurs, it changes everything; NATO discussion next? Nope, a bridge too far.
- China’s economy grows the fastest in two years.
Top international energy story:
- COP28: "member states will transition away from fossil fuel"
- IEA: oil demand growth will be less than originally forecast by IEA but demand will still grow by a million bopd
Top national non-energy story:
- market rally: epic; historic
- the Fed telegraphs end of rate hikes; telegraphs as many as three rate cuts in 2024
- California: record budget deficit — $68 billion.
Top national energy story:
- WTI: back to $71
Focus on fracking: link here.
Top North Dakota non-energy story:
- governor drops out of US presidential race
Top North Dakota energy story:
- all eyes on state, US Army Corps, and DAPL; reaching closure?
Geoff Simon's quick connects: link here.
Bakken economy:
- active rigs number about 35
- XTO has rig in the Bakken for first time in years;
- WPX eyes a new 10-well pad;
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