Locator: 51806CITIES.
AI Czar: Treasury Secretary Scott Bessent?
Cornell: confronts a crisis. Link here. The college fix.
Cornell University maintains an enrollment of approximately 26,793 students alongside more than 2,900 faculty members. The institution also employs roughly 7,764 full-time administrative and support personnel.
Cities by GDP:
- this is most interesting; posted by Schwab's Liz Ann Sonders;
- in addition to the obvious, look at the $$$ --
- New York from $2.6 trillion to $6.4 trillion -- more than doubles, and we're talking trillions;
- in 2050, Dallas is #8; greater than Houston; Houston won't even on the list in 2050;
- what would the DFW metroplex be?
- look at that: San Francisco is on the list, actually rising; and overtaking Chicago;
- Paris drops to last on the list
- Washington, DC, drops off the list; it's hard to believe it is even on the list now
- Trump will be gone;
- Pelosi is gone;
- most amazing! Houston drops off the list.
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Back to the Bakken
WTI: $90.13.
New wells reporting:
- Friday, September 25, 2026: 49 for the month, 129 for the quarter, 486 for the year,
- 41769, conf, Hess, EN-Will Trust A-157-94-2734H-5,
- 41533, conf, Devon Energy, Borsheim 33-28 4H,
- Thursday, September 24, 2026: 47 for the month, 127 for the quarter, 484 for the year,
- None.
- Wednesday, September 23, 2026: 47 for the month, 127 for the quarter, 484 for the year,
- 41731, conf, BR, HBU Hazel 10S MBH,
RBN Energy: with refining capacity to spare, China could help ease global gasoline, diesel crunch. Link here. Archived.
It’s no secret that rising prices this year for refined products (especially gasoline and diesel) have drawn scorn from consumers, businesses and politicians alike. But while no obvious remedy appears likely in the very near term, that doesn’t mean the market is stuck indefinitely, as some major refiners, especially China, still have the capacity to boost output and exports. In today’s RBN blog, we look at how China could help stabilize the refined products market.
China could play a major role in restoring market balance, but let’s look at how we got here before we dive into those details. As we noted in Basket Case, the U.S.-Iran conflict has created one of the most significant disruptions to global petroleum markets in decades, with much of the market attention focused on crude oil and the loss of flows through the Strait of Hormuz. As we discussed in Stuck in a (Gulf) You Can’t Get Out Of, the volume of products flowing out of the strait has plummeted since the start of the war. After averaging an aggregate 3.3 MMb/d in January and February (sum of stacked areas in Figure 1 below), they cratered in the following months, dropping to as little as 100 Mb/d in April (dashed blue circle) as the three-month moving average (dashed red line) plunged.
