Vaccine Rollout -- February 19, 2021

Link here.

		A	B	C	D	E	F
		Doses of vaccine distributed to health facilities	Change from day before	Vaccinations given	Change from day before	Percent of doses given/doses received over previous 24 hours	Percent of distributed vaccine that is actually administered
Friday	February 19, 2021	78,152,495	2,864,685	59,585,043	1,651,608	58%	76.24%
Thursday	February 18, 2021	75,287,810	1,814,918	57,933,435	1,651,608	91%	76.95%
Wednesday	February 17, 2021	72,423,125	765,150	56,281,827	1,061,463	139%	77.71%
Tuesday	February 16, 2021	71,657,975	800,088	55,220,364	1,168,004	146%	77.06%
Monday no data holiday	February 15, 2021	70,857,888	800,088	54,052,360	1,168,004	146%	76.28%
Sunday	February 14, 2021	70,057,800	521,538	52,884,356	2,236,899	429%	75.49%
Saturday estimate	February 13, 2021	69,536,263	521,538	50,647,457	2,236,899	429%	72.84%
Friday	February 12, 2021	69,014,725	729,150	48,410,558	2,020,288	277%	70.15%
Thursday	February 11, 2021	68,285,575	2,313,000	46,390,270	1,620,300	70%	67.94%
Wednesday	February 10, 2021	65,972,575	3,073,800	44,769,970	1,563,780	51%	67.86%
Tuesday	February 9, 2021	62,898,775	1,795,488	43,206,190	788,573	44%	68.69%
Monday	February 8, 2021	61,103,288	1,795,488	42,417,617	1,206,680	67%	69.42%
Sunday	February 7, 2021	59,307,800	3,200	41,210,937	2,172,973	67905%	69.49%
Saturday	February 6, 2021	59,304,600	924,300	39,037,964	2,218,752	240%	65.83%
Friday	February 5, 2021	58,380,300	890,625	36,819,212	1,615,502	181%	63.07%
Thursday	February 4, 2021	57,489,675	1,545,875	35,203,710	1,325,456	86%	61.23%

		A	B	C	D	E	F
		Total Doses Administered	Number of People Receiving 1 Or More Doses	Number of People Receiving 2 Doses	Number of People Considered Fully Immunized	Delta: Difference in daily doses from previous day	Percent (B+C)/A	Percent Of Americans With 2 Doses
Friday	February 19, 2021	59,585,043	41,977,401	17,039,118		1,651,608.00	99.05%	12.72%
Thursday	February 19, 2021	57,933,435	41,122,705	16,255,327		1,651,608.00	99.04%	12.46%
Wednesday	February 17, 2021	56,281,827	40,268,009	15,471,536		1,061,463.00	99.04%	12.20%
Tuesday	February 16, 2021	55,220,364	39,670,551	15,015,434		1,168,004.00	99.03%	12.02%
Monday, no data holiday	February 15, 2021	54,052,360	38,981,410.5	14,546,437		1,168,004.00	99.03%	11.81%
Sunday	February 14, 2021	52,884,356	38,292,270	14,077,440		2,236,899.00	99.03%	11.60%
Saturday Estimate	February 13, 2021	50,647,457	37,063,563	13,081,635		2,236,899.00	99.01%	11.23%
Friday	Feb 12, 2021	48,410,558	35,834,855	12,085,830		2,020,288.00	98.99%	10.86%
Thursday	Feb 11, 2021	46,390,270	34,723,964	11,188,782		1,620,300.00	98.97%	10.52%
Wednesday	Feb 10, 2021	44,769,970	33,783,384	10,469,514		1,563,780.00	98.85%	10.24%
Tuesday	Feb 9, 2021	43,206,190	32,867,213	9,840,429		788,573.00	98.85%	9.96%
Monday	Feb 8, 2021	42,417,617	32,340,146	9,518,015		1,206,680.00	98.68%	9.80%
Sunday	Feb 7, 2021	41,210,937	31,579,100	9,147,185		2,172,973.00	98.82%	9.57%
Saturday	Feb 6, 2021	39,037,964	30,250,964	8,317,180		2,218,752.00	98.80%	9.17%
Friday	Feb 5, 2021	36,819,212	28,909,497	7,503,864		1,615,502.00	98.90%	8.76%
Thursday	Feb 4, 2021	35,203,710	27,905,197	6,926,050		1,325,456.00	98.94%	8.46%
Wednesday	February 3, 2021	33,878,254	27,154,956	6,436,931		1,097,394.00	99.15%	8.23%
Tuesday	February 2, 2021	32,780,860	26,440,836	6,064,792		558,458.00	99.16%	8.01%
Monday	February 1, 2021	32,222,402	26,023,153	5,927,847		1,099,103.00	99.16%	7.89%

Idle Rambling Friday Morning -- February 19, 2021

I'm still throttled on my iPhone. Hopefully our cable is back up and running next week, but I am just thankful to have heat and water.  

ERCOT/Texas: two days ago I said "this" would be forgotten in two weeks, and in four weeks we would be back to "Covid-19 normal." Well, here it is three days later and ERCOT says it will come out of the "emergency" as of today. That is absolutely amazing; a huge, huge round of applause to the Texans who made this possible. A 100-year "cold event" and here we are; managed to survive and get through it in four or five days. Despite another hard freeze last night, ERCOT said there was enough generation brought back on line to "return to more normal operating conditions." Interestingly enough, the cold spell appears to be lasting about two days longer than originally forecast. Even in the midst of extraordinary forecasting, it looks like "we" can't forecast weather two days in advance, but we can forecast climate change to within 2°C one hundred years from now. 

$50 billion loss: 50 billion / $2 trillion = 2.5%.

Carpet drying: as I was writing that, I got a knock on the door. The folks are here to dry out the carpet that got a bit of water due to a broken pipe. I had blamed my neighbor for not keeping faucets dripping but it turns out that the pipe broke in the "fire room." Apparently each unit has a "fire room" where "hydrant hook-ups" are located for automatic sprinklers and for the fire department. 

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Global Warming

Wow, what a coincidence. Going through my e-mail today there was a short comment waiting for moderation before posting. It did not add anything to the discussion, so I was going to delete it. I generally don't post comments that don't add something positive to the blog. Comments can take issue with my posts, or point out where I was wrong, but if it adds to the discussion in a constructive manner it gets posted. This particular comment added nothing to the conversation but I decided to post it anyway. I'm glad I did. It shows the superficiality in the thinking of many folks.

Coincidentally, at the very same time, there was another note from a reader with an attachment to a paper out of Norway regarding the fallacy of CO2 as a cause of climate change. In addition to the science of the carbon cycle, the paper explains the myths that drive our society’s actions. 

And then from someone over at CNBC who can actually think outside the box, or at least think for himself. He, too, like me, when it comes to "global warming," gets it.

"Green" backlash in Europe. The Economist. To see this editorial in a most liberal business publication speaks volumes.

China: there goes EV industry. China controls 90% of cobalt production. China says it may ban cobalt exports on security concerns.

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The Market

Happy one-year anniversary to the peak of the longest bull market in history (for the archives and the question to a future Jeopardy answer: who was President Trump?)

SRE: declares force majeure.

• Sempra Energy's Cameron LNG export plant in Louisiana has declared force majeure on cargo loadings after the cold blast squeezed gas supplies.
• The force majeure covers cancellation of at least one cargo for prompt loading and delay for another 2-3 loadings. 
• Sempra Energy's 2017 diversification into Texas Oncor is "turning out well, now guiding to double the size of the acquired rate base as soon as 2022," RB Equity writes in a bullish analysis published recently on Seeking Alpha.

 DE: blowout earnings. Shares up almost 12%. Can you say precision farming?

AMD: beats earnings.

AAPL, TSLA: rebound.

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Politics

I normally don't post many political cartoons but this one is important on so many levels. When I get access to high-speed internet, I will expand/explain. Without question, President Trump did prove once and for all, that, yes, we could "drill for lower prices." Perhaps his most important legacy was demonstrating that if the government got out of the way, a vaccine could e developed and delivered in less than eight months (?). To the best of my knowledge, this has never happened before. That was simply amazing but because Trump was involved, the scientists who pulled this off will never get the credit they deserve. If there was new science involved (and I don't think there was) then there's always a possibility of a Nobel prize down the road. As far as Rush Limbaugh goes, he was on the scene at exactly the "right" time. Pun intended. Rent-free forever. Forever and ever, amen.

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Back to the Bakken

Active rigs:

	2/19/2021	02/19/2020	02/19/2019	02/19/2018	02/19/2017
Active Rigs	15	56	66	56	40

No wells coming off the confidential list until next week.

RBN Energy: sustained Arctic weather exposes . This is exactly what I posted yesterday. It was important that "we" saw the effects of a 100-year polar vortex hit Texas. Smart folks learn from this. Won't happen again. It's a Texas thing.

There’s finally some good news for folks in Texas: it’s gradually getting warmer, and the power outages that left much of the Lone Star State in the cold and dark the past few days should keep winding down. But what are we all to make of what just happened? How could a state blessed with seemingly limitless energy resources of every type — natural gas, coal, wind, and solar among them — end up so short of electricity when it needed power more than ever? It turns out that the electric grid that the vast majority of Texans depend on day in, day out is designed to perform very well almost all the time, but is susceptible to a rapid unraveling when an unfortunate combination of events hit. Today, we continue our review of how this week’s extraordinarily low temperatures have been impacting energy markets — and many of us.

Over time, Texans have pretty much seen it all, weatherwise. Scary thunderstorms. Baseball-size hail. Hurricanes and their attendant flooding. Tornadoes too — plenty of them. Snow and ice storms aren’t out of the question either, nor are sub-freezing temperatures. But no one alive today has seen anything like what many of us have experienced the past few days. Worse yet, the polar vortex of February 2021 wasn’t a short-term thing — it’s lingered way too long, and it’s had profound effects both on energy markets and the people who have lived through it all.