Sunday, January 21, 2024

Week 3: January 15, 2024 -- January 21, 2024

Locator: 46604TOPSTORIES.

Top, top story

  • the US stock market surges
  • Americans' confidence in US economy takes surprising "positive" turn

Top story

  • US Navy hitting back at Yemeni Houthis
  • regional "wars" everywhere: Gaza, Red Sea, Indian Ocean, Ukraine
    • all are in somewhat of a "steady state" situation
  • with Biden, Americans don't know how good they have it, and Trump is getting all the headlines

Top international non-energy story:

  • Gaza: Israel shows no sign of letting up
  • Ukraine: not looking good for the home team; GOP wants to stop funding
Top international energy story:
  • OPEC+ no longer in control
  • US producing at record level

Top national non-energy story:

  • US equity markets: Dow, S&P 500 hit all-time highs
  • tech sector: all-time highs
  • US economy surprisingly strong; consumer surprisingly resilient
  • EV manufacturers had a very, very bad week
  • Ford to cut back on on EV Ford 150-Lightning
  • winter story Gerri one for the books

Top national energy story:

  • ERCOT holds up surprisingly well;
  • significant cut in US shale production due to extreme cold: seems to have minimal impact on pricing;

Focus on fracking: link here.

Top North Dakota non-energy story:

Top North Dakota energy story:

  • winter storm Gerri is going to cut Bakken production by as much as half!

Geoff Simon's quick connects: link here.

Bakken economy:

Commentary
  • adverse ruling against DAPL now at 75%. Risk was negligible a year ago, then 50-50. Now 75-25. Investors? Think BNSF.

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