Tuesday, November 10, 2020

"Seasonal Flu" -- We'll Sort This Out Later -- November 10, 2020

From October 31, 2020. At the link, scroll down to the CDC's MMWR "seasonal flu" data. 

Update here. "Influenza-like-illnesses" (ILI) will include both Chinese flu and "seasonal flu" this year. For week ending October 31, 2020, most recent report available:


Last year the threshold was 7.3%. Link here.

So, during week 44, they tested 16,456 specimens, and all of 21 were positive. Exactly what did the other folks (16,435) "have" if they came in with flu-like symptoms and didn't test positive? I assume they were given clinical diagnosis of Covid-19.

Wow -- Things I Missed While On The Road -- November 10, 2020

Epstein didn't hang himself. Link here. Another role model.

CLR: We'll Sort This Out Later -- November 10, 2020

Two Wells Coming Off The Confidential List; WTI Moving Up; OPEC Basket Moving Down -- November 10, 2020

OPEC basket, link here: trading at $39.22, dropping 57 cents/bbl overnight. Meanwhile, WTI continues to surge, now trading at $40.57. 

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Back to the Bakken

Active rigs:

$40.57
11/10/202011/10/201911/10/201811/10/201711/10/2016
Active Rigs1555665238

Two wells coming off the confidential list -- Tuesday, November 10, 2020:

RBN Energy: eight steps that could upend Texas Gulf Coast natural gas markets. I can name the top seven without even thinking. Biden, 1 - 7. From RBN Energy:

Within the next year, the Permian Highway and Whistler natural gas pipelines will add 4.0 Bcf/d of incremental capacity from the Permian Basin to the Gulf Coast, with gas supplies on those pipes primarily targeting LNG exports. But in the years since these pipeline projects were initially envisioned, market conditions have been radically transformed by consequences of the COVID era, on both the supply and demand sides of the equation. The outlook for supply growth is lower, while the dependability of LNG exports has been thrown into question following massive cargo cancellations this summer. In RBN’s special-edition multi-client market study, titled Some Beach, we break down the consequences of these developments into eight distinct steps that demonstrate how Texas gas markets are likely to evolve as flows and basis respond. Today’s blog summarizes those conclusions.

Our eight steps assess prospective changes on both the supply and demand sides of the Texas natural gas market. On the supply side, the outlook for Permian natural gas production growth is down considerably from the pre-COVID era, due primarily to lower crude oil prices resulting in cutbacks in drilling and completions by Permian producers. Instead of providing crucial pipeline takeaway capacity to handle rapidly growing Permian gas supply, the new pipelines will create a pipeline capacity surplus, which will disrupt regional gas flows and prices.

Most Under-Reported Energy Story Last Week -- Natural Gas -- November 10, 2020

Updates

November 10, 2020: see first comment re: NASCAR! Whoo-hoo!!

Original Post 

"Focus on Fracking" is linked at the sidebar at the right; it has been moved near the top of the sidebar so that folks find it more easily. 

Look at the lede this week:

EIA reports largest October natural gas storage draw on record; October's gas inventory build is smallest on record. 

I completely missed that and the individual that posts "Focus on Fracking" assumes almost everyone missed that little gem. 

I was going to post the anyway, but it coincidentally dovetails with the blog by RBN Energy that was posted today. This is huge. Of course, President-elect Biden has promised to end fracking, federal fossil fuel leasing, etc., so this won't last. By this time next year, we will all be using electricity generated by windmills and drivings Teslas. 

See this link. The one week I fail to post the graphic/data, is the one week that the graphic/data is most striking. 

From a reader: I live twenty miles north of the Iowa border in Minnesota. In October, 2020, werecieved in three different snows total of 10 inches of snow. Also the morning low October 25, 2020, was 17 degrees, October 26, 16 degrees and October 27, it was a bone chilling 7 degrees. Check the Fairmont weather service if you need verification.

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The Most Under-Reported Entertainment Story:
Ratings Plunge -- Woke!

From twitter this morning:

From another site yesterday: link here -- https://www.breitbart.com/politics/2020/11/09/losing-halftime-nfl-midseason-viewership-still-down-7-last-year/.

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Bubba Wallace
Sportsnaut Pulls "The Equipment" Card
Says Bubba Did Really, Really Well Despite His "Bad" Equipment
Story Fails to Post Number of DNFs

No wins this season, but he did "get" a "Participation Trophy."

Link here.