Tesla's 10-10 Today -- Thursday, October 10, 2024

Locator: 48545B.

Nobel Prize in Literature: Han Kang, South Korean, The Vegetarian, c. 2007, link here. Okay.

Delta: misses on top and bottom lines. But CEO says the airline is back. 3Q24 rocked by CrowdStrike. CEO not happy with tech support / protection. 

WTI: prepare for bearish contango. Link here. A sign of oversupply.

Milton: Fortunately wind not as bad as expected; already across the entire panhandle and now over the Atlantic. Tornadoes the bigger problem. But Tampa did not get the direct strike.

Economic news: breaking -- CPI and first time claims -- mixed; CPI in line or slightly "warmer" than expected. Blah, blah, blah.

Pre-market pretty much unchanged when numbers announced, but by noon these numbers will be forgotten. First-time unemployment claims at a recent high of 258,000 but not that far off from estimate of 230,000. Steve Liesman: a disappointing report but not an incredibly disappointing number. CPI ex food and energy y/y, 3.3% vs 3.2%.

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Back To The Bakken

WTI: $74.21.

Friday, October 11, 2024: 24 for the month; 24 for the quarter, 538 for the year
40259, conf, Enerplus, MC-Kudrna 144-95-15-22-4H
40258, conf, Enerplus, MC-Kudrna 144-95-15-22-5H,

Thursday, October 10, 2024: 22 for the month; 21 for the quarter, 536 for the year
40273, conf, Empire North Dakota LLC, Nuthatch 29-12 1H, Starbuck oil field;

RBN Energy: how and where will US low-carbon-intensity hydrogen expand?

Given the frothy targets to reduce U.S. carbon emissions set by the 2016 Paris Agreement and an anticipated expanding role in that process for low-carbon-intensity (LCI) hydrogen that is barely being produced in 2024, it’s hard to believe there’s a path forward. Yet one recent study from industry participants in the National Petroleum Council (NPC), commissioned by the Department of Energy (DOE), provides detailed projections of how and where LCI hydrogen will develop, including regional variations. In today’s RBN blog we review that analysis. 

This is the third installment of a series covering the practical and economic viability of increased utilization of LCI hydrogen to reduce carbon emissions — ultimately to help meet the U.S. meet its net-zero-by-2050 goals. In Part 1, we introduced an NPC study commissioned by the DOE to help define potential pathways leading to LCI hydrogen deployment at scale.