WTI Slumps To $57 -- April 8, 2025

Locator: 48444B.

Trade war:

• Trump to raise tariffs on China to 104% after China "misses deadline"
• my hunch: the pressure in on Xi, not Trump
• the risk: Xi makes a major military move
  

Coal: President Donald Trump signed executive orders to expand the mining and use of coal inside the US, a bid to 

• power the boom in energy-hungry data centers; and, revive a flagging US fossil fuel industry
• Trump wants to balance the trade imbalance by having the rest of the world buy our natural gas. 
• there won't be enough natural gas for both domestic use and foreign demand;
• with regard to natural gas, see this link from last week. 
  
• nuclear won't come around fast enough; and, solar is not 24-hour, meaning ... 
• we have to go to coal.

AI is an energy story, it comes down to this:

• solar
• natural gas
• coal
• nuclear

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Back to the Bakken

WTI: $57.27

• as Trump slaps 104% tariffs on China; and,
• with news that Trump is on his way to the Mideast to ask for more oil production

Active rigs: 34.

Five new permits, #41782 - #41786, inclusive:

• Operators: Enerplus (3), Phoenix Operating, Murex
• Fields: Phaelens Butte (McKenzie); Big Stone (Williams); Elmore-Madison Unit (Renville)
• Comments:
  
• Enerplus has permits for three MHA wells -- Collie, Mastiff,and Heeler -- NENW 23-149-94,
• to be sited 200 - 266 FNL and 1386 FWL;
• Phoenix Operating has a permit for a Nystuen well, SWSE 20-159-98, 
• to be sited 1053 FSL and 1735 FEL;
• Murex has a permit for an Emu Ross well, lot 1, section 27-164-84; 
• to be sited 680 FNL and 550 FEL.