Wednesday — May 22, 2022

Locator: 47154B.

CNBC
First hour: Jim Cramer 

The market: link here.

On another note: Results out. Target in deep doo-doo.  Pre-market TGT down 8%.

• food
• WMT: 60%
• TGT: 20%
• the big three for food (Cramer's list)
  
• Costco
• WMT
• Amazon

Cramer: very, very negative on Target. Every time Carl Q and Cramer try to change subject, get off Target, they keep coming back to TGT. Cramer is very, very upbeat on Walmart. Challengers viewers to visit Walmart this weekend to see how prices have come down.

Costco: will introduce Costco Kirkland corn flakes if brand name prices don't come down.

And: Apple.

A bit over-bought? Copper,

No recommendations. See disclaimers. Simply articles I found interesting while surfing the internet waiting to get up. For the archives. 

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Back to the Bakken

WTI: $77.80.

Friday, May 24, 2024: 34 for the month; 98 for the quarter, 297 for the year
None.

Thursday, May 23, 2024: 34 for the month; 98 for the quarter, 297 for the year
None.

Wednesday, May 22, 2024: 34 for the month; 98 for the quarter, 297 for the year
39656, conf, Hess, GO-Bergstrom-156-98-2734H-4,
38141, conf, BR, Ole 7-1-29TFH,

RBN Energy: why oil, gas, and NGL infrastructure investment is soaring while production growth is flat.

There’s never been any reason to question the drivers for energy infrastructure development — until now.  Historically, the drivers were almost always “supply-push.” The Shale Revolution brought on increasing production volumes that needed to be moved to market, and midstreamers — backed by producer commitments — responded with the infrastructure to make it happen. But now things seem to be different. U.S. energy infrastructure investment is soaring across crude oil, natural gas and NGL markets and, as in previous buildouts, midstreamers are bringing on new processing plants, pipelines, fractionators, storage facilities, export terminals and everything in between.

We count nearly 70 projects in the works. But crude production has been flat as a pancake, natural gas is down, and lately NGLs are up — but as you might expect, only in one basin: the Permian. So what is driving all the infrastructure development this time around? In today’s RBN blog, we’ll explore why that question will be front-and-center at our upcoming School of Energy: Catch a Wave. Fair warning, this blog includes an unabashed advertorial for our 2024 conference coming up on June 26-27 in Houston.