Notes From All Over, Part 1 -- January 6, 2020

Recession is right around the corner: for these nine states -- Kentucky, Connecticut, Pennsylvania, West Virginia, Montana, Oklahoma, Vermont, Delaware, and New Jersey. Google it over at Fox Business News.

Permian pipeline competition heats up. Rigzone.

Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already forcing companies to cut fees and could mean lower profits and cutthroat competition ahead.

Producers in the West Texas and New Mexico oilfield are pumping about 4.72 million barrels a day, according to Rystad Energy AS. That compares with nearly 6 million barrels of pipeline capacity that could rise by about 3.5 million barrels in the next two years as planned new conduits come online.

Most of those planned projects were announced when the Permian was posting annual growth rates in excess of 1 million barrels a day. Now, some analysts see yearly growth slowing to as little as 650,000 barrels a day, with older wells producing less and oil companies preparing to curb spending this year to boost investor returns.

Saudi Aramco: shares hit new low.  Sounds like not all of it due to geo-political tension.

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Geo-Politics

Politics

And Other Nonsense

Powerline: linked at the sidebar at the right. Perhaps the best site to put geo-politics, politics, and other nonsense into perspective.

Meaningless resolution: Iraq's resolution to kick the US out of its country. Explains what mainstream media does not.

Ditto: Pelosi says she will introduce legislation to stymie President Trump in the Mideast. Okay.

The adult in the room. Petraeus on Soleimani. "This particular episode has been fairly impressively handled."

Tied all-around. New Iowa poll -- Sanders, Buttigieg, and Biden each poll at 23%. Pocahontas at 16%. Klobuchar, a legend in her own mind, polls at 7%. Steyer, 2%. Bloomberg is not participating in the Iowa caucuses. It is difficult to consider Biden, the placeholder for Hillary, polling at 23%, tied with two others, as any kind of front-runner. CBS/YouGov, polling 953 "likely voters" at RealClearPolitics.

Notes From All Over -- Part 4-- November 7, 2019

US natural gas: 



 

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Permian Pipeline

Link here. 

• Agua Blanca natural gas pipeline
• expansion to double capacity approved
• Delaware Basin expansion 
• currently: a 36-inch diameter, 1.4 billion cubic fpd; 90 miles
• expansion: a 42-inch; capacity to more than 3 billion cfpd
• WhiteWater Midstream, LLC
• JV partner: MPLX LP 
• in addition, WhiteWater and MPLX okay'ed the 458-mile Whistler Pipeline that will link to Agua Blanca
• natural gas to the Texas Gulf Coast

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Pakistan Coal

Coal is dead, long live coal. I don't think this is an outlier:

Update On The GM UAW Strike -- September 26, 2019

GM: On a day of volatility in the market and then at the end of the day, a small loss for the market, shares in GM were up. We discussed the GM strike earlier. Two developments today:

• an Investor's Business Daily story that there are signs that the UAW strike is nearing an end; and,
• GM says it will continue to pay for health insurance for those on strike

Speaking of GM, what did Ford do today? Down six cents at close and down another penny after hours.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.

Others:

• AAPL, which had a good week and a good start today, dropped back half a percent, down $1.14.
• SRE: another nice day considering the market, up 72 cents; it set an all-time intra-day high trading at $145.08
• UNP: even UNP eked out a gain, of 13 cents
• EW: I'm going to quit here -- on a high note -- even EW eked out a gain of ten cents. 

The oils:

• RDS-B: up 1.25%, trading at $58.55
• COP: down 3%
• CVX: down almost 3%
• HES: down almost 3%
• one would think it might be the slide in natural gas prices, down 3% also, a three-week low 
• OXY: down so low, that it can only go up? flat today (actually gained 2 cents)

The pipelines, surprise, surprise:

• ENB: up about a percent
• EPD:down about 3/4ths of a percent
• WMB: down over a percent

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Speaking Of Pipelines

Another Permian pipeline sends natural gas to gulf coast. Link here.

Kinder Morgan Inc. put a pipeline into service Wednesday that should help ease gas flaring in West Texas by delivering natural gas from the Permian Basin to South Texas.

The Gulf Coast Express Pipeline was put into service ahead of schedule, the company said in a statement. The line will deliver gas from the Waha hub southwest of Midland to Agua Dulce, which is about 35 miles west of Corpus Christi.