Locator: 49468B.
OpenAI: ChatGPT will be "embedded" in the Chrome's default browser.
- Google (Alphabet) is up 2% in early morning trading
- jargon: TPUs.
EVs: GM to stop making electric vans in Canada. Link to The New York Times. [By the way, this journalistic style of the NY Times story was quite unusual. The Times says it was written by a human (Ian Austen from Ottawa) but every other mention of General Motors was identified differently. I have no idea what to make of this?
- General Motors
- G.M. (per The New York Times stylebook)
- General Motors
- G.M.
- G.M.
- and, never, "GM" as The WSJ would use
- The Wall Street Journal does not use periods for proper-name acronyms of four letters or fewer.
Canada: the bigger story is this however, Canada has lost significant automobile production in as many weeks:
- yesterday, the GM BrightDrop delivery van -- Canada -- production ends;
- a loss of 1,200 jobs;
- last week, Stellantis announced that it would move production of a new Jeep model from the Toronto are to a plant in Illinois;
- a loss of 3,000 jobs;
- "previously," it was announced that GM would eliminate a shift at a pickp factor in Oshawa, Ontario;
- a loss of 2,000 jobs.
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Back to the Bakken
WTI: $58.39. Link here. Up over 2%; up $1.15 / bbl.
New wells: link here.
RBN Energy: Phillips 66, Kinder Morgan Plan New ‘Gateway’ to Move Refined Products West: link here.
Less than two months after ONEOK unveiled plans for a big new refined products pipeline from El Paso to Phoenix, Phillips 66 and Kinder Morgan have proposed an even more extensive project of their own that would enable refined products flows from the St. Louis area to Southern California. The company’s newly proposed, 1,300-mile Western Gateway Pipeline — now the focus of a binding open season — would involve the construction of a greenfield pipeline from Borger, TX, to Phoenix and the reversal of part of Kinder’s existing SFPP pipeline system to move product west from Phoenix to Colton, CA. In today’s RBN blog, we’ll discuss the project and what’s driving the race to move more refined products west from PADDs 2 and 3 to PADD 5.
Another long pipeline? Much of it's already in place; some of it will be in Texas. But for a pipeline to work, there can't even be a one-foot gap.
