Friday, February 2, 2024

Week 5: January 29, 2024 -- February 4, 2024

Locator: 46726TOPSTORIES.

Top, top story

  • US economy on fire; 
    • the US stock market continues to hit new highs;
    • huge job numbers for January; 
    • JPow takes cut off table any time soon; higher for longer
      • no one openly talking about a rate increase, but some are thinking

Top story

  • US air assets hit 85 targets in Iraq, Syria in retaliation for drone attack last week that left three Americans dead
    • regional air assets along with B-1s from continental US
    • initial strike analysis: meh; we've seen better.
  • regional "wars" everywhere: Gaza, Red Sea, Indian Ocean, Ukraine
    • all are in somewhat of a "steady state" situation
    • although Mideast heating up

Top international non-energy story:

  • GM's quarterly call tells us all we need to know about EVs

Top international energy story:

  • TMX (Trans Mountain Pipeline) still facing challenges
    • on line by March, 2024?
    • Canadian sale to indigenous groups stalled -- per Bloomberg
  • US leads universe in crude oil production
    • US: 13 million bopd
    • KSA: 9 million bopd
    • Russia: 9 million bopd

Top national non-energy story:

  • southern surge immigrants "voting" with their feet
  • fleeing Texas, Florida; headed for sanctuary cities
    • notably NYC, Chicago

Top national energy story:

  • WTI drops below $72

Focus on fracking: link here.

Top North Dakota non-energy story:

Top North Dakota energy story:


Geoff Simon's quick connects: link here.

Bakken economy:

Commentary

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