Manic Monday -- October 21, 2024

Locator: 48614B.

Election: two weeks tomorrow, it's over. We could know outcome by 8:01 p.m. EDT. But if the East Coast doesn't give us the answer then we wait for Wisconsin, CDT. 

Two weeks before the election (although early voting has started across many (most?) states.

US equity markets: Dow and S&P 500 will open at record highs and immediately drop 0.5% to 1.5%.

Kenvue: shares surge.

Boeing: machinists reach deal with company?

Hubris, smugness, IYKYK, hope springs eternal, an inflation hedge: it may be, but there must be some reason why folks still invest in oil.

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Back to the Bakken

WTI: $70.82.

Tuesday, October 22, 2024: 39 for the month; 39 for the quarter, 553 for the year
None.

Monday, October 21, 2024: 39 for the month; 39 for the quarter, 553for the year
40593, conf, CLR, Doe 2-23HSL,
40265, conf, Silver Hill Energy, UT 158-93-12-1-20MBH,

Sunday, October 20, 2024: 37 for the month; 37 for the quarter, 551 for the year
40266, conf, Silver Hill Energy, CO 158-92-7-6-1MBH,

Saturday, October 19, 2024: 36 for the month; 36 for the quarter, 550 for the year
None.

RBN Energy: Shell's Pennsylvania petchem complex finally firing on all cylinders. 

Shell’s petrochemical complex in Western Pennsylvania has had plenty of challenges on its way to startup and full operation. Announced a dozen years ago, the project was set back by COVID-related construction delays and a rougher-than-expected production ramp-up. But that’s all in the past now (fingers crossed) and the ethane-rich Northeast finally has its first big ethylene plant. In today’s RBN blog, we’ll examine Shell’s return to plastics and what it took to get there.