Monday, Monday -- March 25, 2024

Locator: 46834B.

Reminder: women's NCAA March Madness this evening; 

• #1 Iowa vs #8 West Virginia, prime time
• #1 USC vs #8 Kansas follows the Iowa game

Debt: personal and business. New data released. Might be a surprise to some.

Cocoa: now more expensive than copper.

Jim Cramer: holy mackerel, what an opening on CNBC this a.m.

• factoid: a new data center is opening every three days in the US
• electricity demand: projected demand has doubled in just the past year (maybe the past quarter)
• Vision Pro is gaining unexpected traction -- China, industry 
• China appears to be back 
• Liz Sonders interviewed on CBNC later this morning. Three takeaways:
• calm; same ol', same ol'
• ignores question on stagflation; appeared bored with the meme or the lack of imagination of the interviewer; and,
• folks need to stay tuned into CNBC for the "back story."
  

Personal investing: added to my positions in --

• AAPL -- drops below $170-support level. My note to family member.
  
• ENB -- see RBN Energy below
• no recommendations
• see disclaimers

Oil: demand outpaces expectations. Hope springs eternal.

***********************************
Back to the Bakken

WTI: $81.49.

Tuesday, March 26, 2024: 134 for the month; 193 for the quarter, 193 for the year}
40112, conf, CLR, Lundberg Federal 6-8H,
39723, conf, WPX, Bull Moose 28-27HF,

Monday, March 25, 2024: 132 for the month; 191 for the quarter, 191 for the year
40172, conf, Morgan E&P, Baranko 1-28H,
40111, conf, CLR, Lundberg Federal 5-8H1,
39724, conf, WPX, Bull Moose 28-27HF,
39399, conf, Hess, TI-Ives-157-94-0601H-5,
39248, conf, Whiting, S-Bar Karissa 5393-34-1 3T,

Sunday, March 24, 2024: 127 for the month; 186 for the quarter, 186 for the year
40171, conf, Morgan E&P, Obrigewitch 1-33H,
40110, conf, CLR, Lundberg Federal 4-8H,
39644, conf, Oasis, Maridoe 5502 11-17 2B,

Saturday, March 23, 2024: 124 for the month; 183 for the quarter, 183 for the year
40109, conf, CLR, Lundberg Federal 3-8H1,

RBN Energy: approval of Enbridge Mainline tolls locks in years of shipping cost certainty. Archived.

The Enbridge Mainline, by far the largest transportation network for growing Western Canadian crude oil supplies to the U.S. Midwest, Gulf Coast and Eastern Canada, recently received regulatory approval for the tolls that it charges shippers for using the massive pipeline system. As we discuss in today’s RBN blog, the Canada Energy Regulator’s (CER) thumbs-up ensures another five years of shipping cost predictability and comes as the Canadian oil pipeline landscape is about to permanently change with the pending startup of the 590-Mb/d Trans Mountain Expansion Project (TMX).