Locator: 48529B.
First things first! There is no shortage of eggs in north Texas.
Walmart is overflowing with eggs. Price has dropped from over $8.00 when Trump assumed office (as reported by the national news to under $4.00 ($3.98 at Walmart) for a dozen large eggs. [from $8.29 to $3.98 is a 52% drop in the price of eggs since Trump became president, 58 days ago.] Waffle House will still charge a 50-cent surcharge on each egg served. What a great country!
Target practice over Yemen!
Again, I don't think folks realize how good this is for all involved -- except perhaps those inside the target circle. We'll come back to this later. How come The India Times is the go-to news organization when one wants to get updates on international and US national events? Asking for a friend.
Must-watch: Victor Davis Hanson. YouTube. And elsewhere.
Must-watch: White House daily press briefing. Karoline Leavitt is a breath of fresh air. On YouTube, live, daily, M-F, starting about 12:00 noon CT. I catch it on Fox, Raw & Live on YouTube.
March Madness: my brackets, after the first two play-in games, is still intact! The last two play-in games this evening.
- Mt St Mary's vs American
- Texas vs Xavier
Trump: sanctuary cities on notice.
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Back to the Bakken
WTI: $67.33.
New wells:
- Thursday, March 20, 2025: 52 for the month, 167 for the quarter, 167 for the year,
- 41022, conf, CLR, Alfsvaag Federal 8-31H,
- 40156, conf, Hess, EN-Schroeder-157-94-1102H-3,
- Wednesday, March 19, 2025: 50 for the month, 165 for the quarter, 165 for the year,
- 40032, conf, Hunt Oil, Oakland 154-89-31-29H 1,
- 39890, conf, Hunt Oil, Halliday 146-93-11-1H-1,
- 39889, conf, Hunt Oil, Halliday 146-93-12-36H 1,
RBN Energy: western Canadian gas prices stuck behind bars, even after winter price surges.
Western Canada’s natural gas market never really seems to catch a
break. Prices this winter have remained well below those across much of
the rest of North America thanks to an all-too-common combination of
insufficient pipeline export capacity from the region, bloated gas
storage and robust supply growth. Even with forward price prospects for
much of the rest of the continent looking buoyant, with more gas
expected to head to expanding Gulf Coast LNG terminals and a
storage-refill season that will be stronger than last year, price upside
for Western Canada looks to be minimal at best and will be partly
dependent on the rate of gas intake to LNG Canada, as we explain in
today’s RBN blog.
We all love those movies about the wrongly convicted individual sent
to prison, only to be released (or escaping!) later thanks to a
combination of legal work, tenacity and plain stubbornness in overcoming
the unjust imprisonment. Western Canada’s gas producers were probably
hoping that this most recent winter heating season might provide a
similar storyline for its primary price marker, AECO, and its regional
cousin, Station 2, which have been imprisoned inside Western Canada’s
all-too-often pipeline-constrained and oversupplied regional market,
with prices that have frequently disconnected from pricing action
elsewhere in North America.
