TGIF -- December 6, 2024

Locator: 44505B. 

S&P 500, Nasdaq hit all-time highs after better-than-expected jobs report. Unemployment at 4.2%.

• U-3: 4.2%; up from 4.1% previous month.
• U-1 (my preferred measurement): 1.7%; unchanged from previous month

My favorite chart, link here.

Germany:

• former German chancellor Angela Merkel: her bar? Africa. Wow. Link here. Simply fascinating. what a doofus.
  

• chart of the day:

• contraction, link to The WSJ:

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Back to the Bakken

WTI: $67.81.

Sunday, December 8, 2024: 15 for the month; 119 for the quarter, 648 for the year

• 37877, conf, BR, Concord 1C,

Saturday, December 7, 2024: 14 for the month; 118 for the quarter, 647 for the year

• 40036, conf, Hess, BL-Svor-156-95-0403H-8,
• 39856, conf, Hess, EN-Lokken-LE-157-94-0805H-1,
• 35513, conf, Enerplus, FB Clinton 148-94-29B-32-11T,

Friday, December 6, 2024: 11 for the month; 115 for the quarter, 646 for the year

• 40688, conf,  Slawson, Fish Finder 4-21-9H,
• 40108, conf, Enerplus, Devils Canyon 147-97-17-20-9H-ELL,

RBN Energy: Texas preps to meet surging power demand from data centers, crypto miners.

Texas is the fastest-growing state for electricity consumption in the nation and the Electric Reliability Council of Texas (ERCOT), which is responsible for about 90% of the state’s electricity service, said earlier this year that peak power demand could nearly double in just six years — from about 85 gigawatts (GW) currently to as much as 150 GW by 2030.

The sudden increase is driven primarily by data centers and artificial intelligence (AI), cryptocurrency mining, the state's growing population and increasing temperatures. In today’s RBN blog, we’ll discuss how Texas intends to address its growing appetite for power.