WTI Drops Below $70 -- November 11, 2024

Locator: 48757B.

Neocons: until today, since 2009 (2007), the blog, "neocons" mentioned only three times. My hunch: one needs to add "neocons" to his/her bingo card, along with the following: animal spirits; hyperscalers; transactional; guardrails; Fed's next move.

Daniel Lurie: wins in San Francisco. Wiki. Vows to clean up the city, starting with open-air drug markets.

Immigration: NY Times finally comes clean with this story. Wow. The "mass exportation of illegal immigrants" may gain traction. My hunch: illegal immigrants with "police record" are rushing to sanctuary cities; can't get there fast enough. Mass exportation may be easier than some folks think. Much of it will be "voluntary." Unfortunately it will be the non-criminal element that will be returning home.

Smirker in chief: Joe Scarborough (actually Mika Brzezinski is even worse). 

But all of a sudden, changing his narrative. No longer supports "Defund the Police." No longer supports violent campus protests. Even the "reverend" is walking back his previous views. Wow, that changed fast. Now Joe is trying to re-write his past commentaries. I've never enjoyed these morning talk shows so much. LOL.

All of a sudden he's against men in women's sports. Amazing all the elites who have daughters finally get it. LOL.

Enough of this, but wow, Joe sounds like Rush Limbaugh this morning. Must be concerned about his ratings. Concerned about his relevancy.

My hunch: all that talk about Joe Biden resigning so Kamala Harris can be the first woman president will go nowhere. Let's see if anyone even mentions it today.

Mika: remains a huge Biden supporter -- best presidency in recent memory -- and Kamala "ran a freaking amazing campaign."

Maureen Dowd: NY Times. The "trans ad" was the #1 ad for the Trump win. Clinton, et al, begged Harris to respond to that ad; she refused. That's Maureen Dowd writing. Link here.

Amazing: all the backtracking by liberal writers / commentators this morning on Morning Joe. Wow. Now. they say they've been on the correct side of the transgender issue for years. LOL. 

The Fed: is it even constitutional? This is a snowball rolling downhill. 

I don't think folks realize how bad this was: Harris joins Dukakis, McGovern in worst political debacle in US history. Well, at least since 1951. Truman's surprise win shouldn't be forgotten. Link here. [In the graphic below, the writer had a typo but the chart and the narrative is accurate.]

Qatar: quits as mediator for peace talks, Israel-Hamas.

Anti-semitism in the Netherlands. Raises questions about the complicity of the Dutch government in the holocaust of WWII. I've often thought the Dutch did a great job of white-washing that story.

Anti-semitism in the Netherlands. Bill Ackerman already taking action. Moving UMG from Netherlands listing to New York. UMG includes Taylor Swift. Amazing how "good" AI is.  Wiki becoming more and more TLDR, a reference site, but for 250-word synopsis on almost any subject, hard to beat AI as a place to start.

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Back to the Bakken

WTI: $69.10.

Tuesday, November 12, 2024: 16 for the month; 76 for the quarter, 590 for the year

• 40557, conf, CLR, Christopherson 5-14H,

Monday, November 11, 2024: 15 for the month; 75 for the quarter, 589 for the year

• 40637, conf, CLR, Vandeberg 5-35H,

Sunday, November 10, 2024: 14 for the month; 74 for the quarter, 588 for the year

• 42323, conf, Grayson Mill Operating, Hovland 26-35 XE 1H,
• 40316, conf, Grayson Mill Operating, Hovland 26-35 9H,
• 40315, conf, Grayson Mill Operating, Hovland 26-35 8H,
• 40292, conf, Grayson Mill Operating, Hovland 26-35 7H,

Saturday, November 9, 2024: 10 for the month; 70 for the quarter, 584 for the year

• 40638, conf, CLR, Christopherson 6-14H,

RBN Energy: more EVs coming but forecasts for sales growth, impact on gasoline demand vary.

There’s been a lot of speculation about whether the pace of electric vehicle (EV) adoption has slowed, with JD Power now expecting EVs to make up 9% of U.S. new-car sales in 2024, down from its earlier estimate of 12.4% but still up from 7% in 2023. The group remains bullish on EVs in the long term, expecting market share to reach 36% by 2030 and 58% by 2035. The forecast from RBN’s Refined Fuels Analytics (RFA) group forecast has been — and continues to be — more conservative than most but still anticipates EVs will reach 50% of U.S. new-car sales by the early 2040s. In today’s RBN blog, we’ll look at what drives these forecasts and the anticipated impacts on gasoline demand.