The Renewable Energy Narrative Continues -- Why? Because The US Is Awash In Cheap Natural Gas -- It All Began With The Bakken Revolution -- August 6, 2024

Locator: 48353NATGAS.

I remember when I first started the blog, more than ten yeas ago, Nancy Pelosi recommended that natural gas be considered a) a renewable energy source and not a fossil fuel; and, b) the bridge to future green energy. Absolutely amazing; brilliant woman. If I recall correctly, T. Boone Pickens had the same idea. 

Link here. 

Five New Permits; Nine Permits Renewed, Three DUCs Reported As Completed -- August 6, 2024

Locator: 48352B.

WTI: $73.02.

Active rigs: 36.

Five new permits, #41000 - #41004, inclusive:

• Operators: Koda Resources (4); Iron Oil Operating
• Fields: Daneville (Divide); Buffalo Wallow (McKenzie)
• Comments:
• Iron Oil Operating has a permit for a Buffalo well, NENE 18-148-100, 
• to be sited 257 FNL and 711 FEL;
• Koda Resources has permits for four Bock wells, SESW 33-161-102; 
• to be sited 377 FSL and between 1948 FWL and 2053 FWL

Nine permits renewed:

• MRO (6): Treasure USA, Shell USA, Judith USA, Elva USA, Carolyn USA, and Anita USA, all in McGregory Buttes, Dunn County;
• Enerplus (3): Cadence, Tempo, and Octave, McGregory Buttes, Dunn County;

Three DUCs reported as completed:

• 39758, 1,047, EOG, Mandaree 120-1015H,
• 40008, 1,744, Slawson, Thor 4-31-30H,
• 40282, 1,320, Whiting, Sanish Bay E Federal 5292 31-6 5B,

As "We" Start To Recover From The "Market Re-Set" -- A Clearer Picture Develops -- August 6, 2024

Locator: 48351INV.

Of note, Intel, too important to fail:

From Reddit, link here:

************************
Tickers

NVDA:

INTC:

CHRD:

The EV Narrative Continues -- Tesla -- This Is Not The Chart Of A Thriving EV Company -- August 6, 2024

Locator: 48350TESLA.

The EV narrative continues.

Link here. 

It certainly appears 2023 - 2024 will be the watershed years when we look back on the EV industry in 2035.

 

One Of Peter Zeihan's Best Shorts -- China's Garbage Time -- August 6, 2024

Locator: 48349ZEIHAN.

Link here.