Locator: 51228B.
Mideast: twelfth (12th) consecutive night of bombing concluded at 10:30 p.m. ET, July 22, 2026.
Spectrum cable is "out" (down, not working) in our area and has been "out" several hours. The company has alerted us that they will update us every three hours! I'm working off my cellular data which is much slower than my computer. So, bear with me. ERCOT capacity is well above demand, so it's not that. Unless, it's a regional thing.
AI -- the sixth industrial revolution (officially I guess it's the fourth industrial revolution). Corroborating this: Google's earnings release earlier today. Google's "Cloud" service revenue is growing faster than Search, YouTube, and other Google services.
Tesla: free-cash flow turned negative -- and this is before Elon Musk told us that 2027 will be a very, very expensive year for Tesla.
WTI: trading about a $1.50 earlier than this evening. This was after a tanker off the coast of Saudi Arabia was struck by a foreign object This particular tanker was in the Red Sea and the Houthis would most likely be responsible. This tanker was the one that made a u-turn earlier today; it is currently listing at 3 km/hour and apparently not under control. Much of this needs to be confirmed. It's amazing that Saudi Arabia let the Houthis get this far in active military warfare
A tanker was struck off Saudi Arabia just after Trump escalated verbal threats. It's very clear that a foreign country with satellites is providing Iran with specific coordinates of targets as small as ships. Hitting tankers off the coast of Saudi Arabia is clearly an act of desperation. Iran is clearly working / hoping to get Saudi Arabia to tell the USA to stop the bombing.
Everything suggests the Trump / Hegseth / CENTCOM plan is working. The question is whether the US Congress will permit it to go on. Apparently the US House has approved the Defense funding bill which will now go to the US Senate. If that's accurate, that's quite amazing how fast it seemed to get through the House. Clearly it is time for Trump / Hegseth / CENTCOM to quit (give in to Iranian demands) or "take the gloves off," as they say.
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Back to the Bakken
WTI: $88.40 (11:26 p.m. ET), Wednesday, late evening, July 22, 2026.
New wells reporting:
- Friday, July 24, 2026: 37 for the month, 37 for the quarter, 390 for the year,
- None.
- Thursday, July 23, 2026: 37 for the month, 37 for the quarter, 390 for the year,
- 41545, conf, Oasis, Phoenix 5602 13-17 4B,
RBN Energy: pending.
