Locator: 46892B.
Answer to reader's question at this post.
TESLA: crushed. Phil LeBeaux trying his best to spin this story. 387,000 delivered; street expected 457,000. Most pessimistic were expecting a low of 410,000. This is a disaster.
I have at least six stand-alone posts / essays in draft form that need to be posted, but, again, there is so much going on, it is unlikely I will get to them all today.
The F-35A Lightning II: it turns out there is much more to the story than what I wrote earlier about the F-35A. The general premise that I laid out is perhaps only 10% of the story. I posted my "general premise" either yesterday or the day before. Then about 2:00 a.m. this morning, while studying an old photograph of an F-15 taken at Bitburg, Germany back in the 1980s or 1990s, I had a hunch there was a lot more to the story. I had enough to post an essay / a stand-alone blog but decided to wait until later today. I'm glad I waited. The banner story over at Drudge today confirmed my thoughts / my hunch. More on that later when I have more time.
JOBS: link here. This economy is amazing.
U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong.
The Labor Department reported Tuesday that employers posted 8.76 million job vacancies in February, up modestly from 8.75 million in January and about what economists had forecast.
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Back to the Bakken
Charles Kennedy: link here -- folks may want to go back to the original Leigh Price paper. It appears the Bakken is about to go into the third inning, or as I call it, Bakken 6.0.
WTI: $85.07.
Wednesday, April 3, 2024: 3 for the month; 3 for the quarter, 202 for the year
36082, conf, Hess, BB-Federal A-LS-151-95-1615H-11,
38972, conf, SOGC, Harris Federal 3-31H,
RBN Energy: making the most of butane in the gasoline pool.
Normal butane is an important gasoline blendstock, with a great combination of high octane and relatively low cost. It also has a high Reid vapor pressure, or RVP, which is a good news/bad news kind of thing because while regulators allow higher-RVP gasoline — that is, gasoline with higher levels of butane — to be sold during the colder months of the year, they forbid its sale during the warmer months, thereby forcing butane levels in gasoline to be kept to a minimum. As we discuss in today’s RBN blog, air-quality regulations and seasonal shifts in butane blending may add complexity to gasoline production and marketing, but they also create opportunities to increase gasoline supply and earn substantially larger profits through much of the year.
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