WTI Melting Up -- At $70.43 Early Morning -- December 2, 2024

Locator: 48386B.

Lead story on CNBC: at 6:00 a.m. -- intergenerational wealth transfer.

• $124 trillion over the next 25 years;
• will gradually rise every year;
• by 2040, $5 trillion / year;
• Joe asked if the Boomers inherited any money from the Greatest Generation;
• the answer was "no."
• In fact, the Greatest Generation was the first generation in the US -- ever --  to leave money to their heirs.
• almost none of it will be taxed. 

Musk's intergenerational wealth transfer: unfortunately for his kids, they will each get a smaller share as he keeps having more children. 

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Back to the Bakken

WTI: $70.43.

Friday, December 13, 2024: 22 for the month; 125 for the quarter, 654 for the year

• 39857, conf, Hess, EN-Charles Wood-157-94-1720H-4,
• 23277, conf, Grayson Mill, Darlene Federal 152-97-13-24-3H,
• 23275, conf, Grayson Mill, Darlene Federal 152-97-13-24-2H,

Thursday, December 12, 2024: 19 for the month; 123 for the quarter, 652 for the year

• None.

RBN Energy: could China's slowing diesel demand boost use of US LNG as a transportation fuel?

China’s appetite for crude oil has been lower than expected this year, largely due to a slowing economy and the increased adoption of electric vehicles (EVs). And the U.S.’s #1 economic and geopolitical rival is in the midst of another transition that could further weaken crude oil demand: Heavy-duty trucking in China is increasingly being powered by LNG instead of diesel. In today’s RBN blog, we discuss the trend toward LNG-fueled trucking in China and what it could mean for LNG exporters in the U.S.