WTI Drops Below $80 -- And The Trend Is Not The Bakken's Friend -- July 22, 2024

Locator: 48208B.

Personal investing: I placed a significant amount of new money into one tech stock on Friday and today, Monday, most of it into Sophia's account. I am putting no new money into my own accounts. See disclaimer for this blog, briefly stated below. This is not an investing site.

IEEFA: Mitsubishi's proposed Louisiana petrochemical project is a losing bet for investors. Link here.

Egypt: natural gas production slumps to lowest level since 2018. Once a supplier to Europe, Egypt is no longer able to produce enough gas to keep its own electricity systems afloat during the summer. Link to Stuart Wallace, twitter. 

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Back to the Bakken

WTI: $79.85.

Tuesday, July 23, 2024: 38 for the month; 38 for the quarter, 364 for the year
39967, conf, Petroshale, Primus 2TF2H,

Monday, July 22, 2024: 37 for the month; 37 for the quarter, 363 for the year
40255, conf, CLR, Chase 2-18HSL,

Sunday, July 21, 2024: 36 for the month; 36 for the quarter, 362 for the year
39966, conf, Petroshale, Primus 1MBH,

Saturday, July 20, 2024: 35 for the month; 35 for the quarter, 361 for the year
40256, conf, CLR, Chase 3-18H,

RBN Energy: more LNG export projects vying for startup on Canada's west coast. Archived.

Shipping large volumes of LNG from Canada’s West Coast across the Pacific Ocean to gas-hungry markets in Asia has been a dream nearly two decades in the making. After a great deal of work and patience, three projects have moved into the construction phase, with the most advanced — LNG Canada — on the cusp of accepting its first test-gas volumes, with exports possible by the end of the year. Even with all this progress, three additional projects are vying for the opportunity to join Canada’s LNG export party, as we discuss in today’s RBN blog.

• Ksi Lisims LNG
• Summit Lake PG LNG Project
• Tilbury LNG

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Disclaimer Briefly
Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple.