Ten Universities And/Or Colleges That Have Produced The Most Billionaire Alumni -- May 28, 2021

Forbes.  

I think these lists are useless but they are "entertaining." I would not post the list had it not included my alma mater. LOL. Nine of the ten universities/colleges are located in the US. Of the nine, only one is an "outlier" and a surprise. 

The biggest surprise:

• neither UC San Francisco (Silicon Valley) nor UCLA (medical) made the list;
• my hunch: they made the top 20
  

#9 (tie): UC Berkeley

• number of billionaires: 11
• location: Berkeley, CA
• total net worth: $82.6 billion

#9 (tie): Princeton University

• number of billionaires: 11
• location: Princeton, NJ
• total net worth: $288.4 billion
• notable: Jeff Bezos

#8: MIT

• number of billionaires: 14
• location: Cambridge, MA
• total net worth: $104 billion
• notable: the Koch brothers

#7: University of Southern California

• number of billionaires: 15
• location: Los Angeles, A
• total net worth: $58.5 billion
• notable: George Lucas

#6: Cornell University

• number of billionaires: 18
• location: Ithaca, NY
• total net worth: $65.1 billion

#5: Mumbai University

• number of billionaires: 20
• location: Mumbai, India
• total net worth: $162.8 billion

#4: Yale University

• number of billionaires: 21
• location: New Haven, CT
• total net worth: $140.8 billion
• notable: Mars candy heirs; Bass oil heirs;

#2 (tie): Stanford University

• number of billionaires: 28
• location: Stanford, CA
• total net worth: $124.4 billion
• notables: founders of Carvana, DoorDash, Robinhood, Zillow

#2 (tie): University of Pennsylvania

• number of billionaires: 28
• location: Philadelphia, PA
• total net worth: $284.8 billion
• notables: graduates of Wharton School to include President Donald Trump, Elon Musk, philanthropist Laurene Powell Jobs;

#1: Harvard University

• number of billionaires: 29
• location: Cambridge, MA
• total net worth: $207 billion
• notable: Bitcoin twins Cameron and Tyler Winklevoss, former Goldman Sachs CEO Lloyd Blankfein; Steve Ballmer;

IEA Vs Rystad: To Explore Or Not To Explore -- May 28, 2021

The great paradoxes (?) of our time, just to name a few:

• global warming vs global cooling
• nationalism vs globalism
• law enforcement vs wild, wild west
• "drug control" vs no "drug control"
• gun laws vs no gun laws
  
• ICEs vs EVs
• fossil fuel vs renewable energy
• open borders vs closed borders
• single party political system (the California model) vs the two-party system (US, sort of)
• free speech vs controlled speech
• Romanticism (in the classical sense) vs science
• music vs noise
• western scientific thought vs critical race theory
• load funds vs no-load funds
  

Without question, two of my favorite:

• IEA vs Rystad
• ICEs vs EVs

For now:

• IEA vs Rystad

It's one thing to say we can afford no more exploration (IEA) vs a bit more exploration (the rest of us) but it's a huge jump between no more exploration (IEA) vs Rystad (seeing the need for hundreds of new oilfields).

The first, IEA: we can afford no more exploration.

• obvious winner: Saudi Arabia. Saudi doesn't do new exploration.

The second, Rystad: "we" will need hundreds of new oilfields.

• obvious winner: the math
  

Wow.

I haven't even read the article yet, but if anyone is paying attention to China, India, and Africa, the answer seems obvious.

Digression: you know, this seems like a great subject for high school debaters --

• Proposed position: be it resolved, the global economy will need hundreds of new oilields.

• Affirmative team: states the resolution, defines the terms of the debate and the presents arguments in support of the resolution.

• Opposition team: provides a rebuttal of the resolution and presents arguments opposing the resolution.

• Repeat.

Now, back to the blog.

Reuters is reporting that Oslo-based Rystad Energy sees the need for hundreds of new oilfields.

2021: Interestingly, the article does not provide the single most important number: current global demand, but let's say it is 100 million bopd in round numbers. For the record, OPEC, April 13, 2021, forecast global oil demand for 2021 to be 99.98 million bopd. One-hundred seems close enough.

Now, look at the Reuters article.

2050:

• IEA sees oil demand falling to 24 million bopd by 2050;
• Rystad sees oil demand falling to 36 million bopd by 2050.

Again, with China, India, and Africa .... not even addressed in the very short article, although Rystad Energy surely would have done their homework ...

But a global crude oil demand of even 36 million bopd by 2050 would require "thousands of new wells in existing fields as well as developing 900 new oilfields with collective resources of about 150 billion bbls of oil."

No New Permits; Twelve Permits Renewed; One DUC Reported As Completed -- May 28, 2021

Brent: $69.63

WTI: $66.32

***********************************
Back to the Bakken

Active rigs (eighteen oil and gas):

$66.32	5/28/2021	05/28/2020	05/28/2019	05/28/2018	05/28/2017
Active Rigs	22	11	64	65	50

Operators with active rigs:

• CLR (6): Gordon Federal, Gale, Jensen, Pasadena Federal, Harrisburg, LCU Truman Federal, Interstellar SWD,
• Ovintiv: Rolfsrud,
• Rimrock: FBIR Guyblackhawk
• Whiting: Cvancara,
• Petro-Hunt: Jorgenson,
• Hess: GO-Braaten, EN-Manitou SWD,
• Oasis: Cliff,
• MRO: Jake,
• Enerplus: Sable,
• Iron Oil Operating: Antelope,
• Slawson: Mauser Federal,
• KODA Resources: Porter -- I believe this one is new today;
• Crescent Point: CPEUSC Burgess

No new permits.

Twelve permits renewed:

• XTO (7): three GBU Kelly permits in Williams County; four GBU Wayne permits in Williams County; GBU -- Grinnell-Bakken Unit;
  
• Hess (3): three BB-State A permits in McKenzie County;
• Whiting: a Littlefield permit in Mountrail County;
• Lime Rock Resources: one Emerson permit in Dunn County

One producing well (a DUC) reported as completed:

• 29504, drl/A, Whiting, Denowh 31-29-1H, Glass Bluff, first production, 3/21; t--; cum 19K after 34 days; wow, talk about out in the middle of nowhere, about four miles south of the river, two miles east of the Yellowstone; 

• Parent well:
  

• 20185, 607, Whiting, Oakland 151-103-29B-32-1H, Glass Bluff, t4/12; cum 182K 3/21;

• Singleton one mile west:
  

• 20830, 95, Murex, Kimberly Dawn 30-31H, Glass Bluff, t10/11; cum 197K 3/21;

• Singleton one mile east:
  

• 20381, 566, Murex, Daron William 28-33H, Glass Bluff, t11/11; cum 145K 3/21;

Fourteen Percent Increase In US Crude Oil Production, Month-Over-Month, March/February, 2021

Link here.

It just shows how quickly US shale can "turn on a dime," as they say. If WTI moves to $80 we will see similar jumps in production. In the Bakken sixty days from spud to market, and during that sixty days, operators can open the spigots, and and frack the DUCs.

See also the "914's."

Covid-19 Vaccination Update -- May 28, 2021

CDC data here.

 For a Friday report, the lowest number of vaccinations given in the past 24 hours, ever, going all the way back to when I started tracking January 22, 2021. 

The high for a Friday report: 3,975,059 vaccinations.

The most recent Friday report: 1,375,171 vaccinations, or 34.6% of the high.

No wonder the states are offering monetary incentives for folks to get their vaccinations. 

	A	B	C	E
	Total Doses Administered	Number of People Receiving At Least One Dose	Fully Vaccinated	Delta: Difference in daily doses from previous day
May 28, 2021	292,099,778	166,388,129	133,532,544	1,375,171
May 21, 2021	281,595,351	161,278,336	127,778,250	2,198,101
May 14, 2021	268,438,666	155,251,852	120,258,637	1,842,180
May 7, 2021	254,779,333	150,416,559	110,874,920	2,805,581
April 30, 2021	240,159,677	144,894,586	101,407,318	2,799,184
April 23, 2021	222,322,230	137,723,889	91,175,995	3,374,587
April 16, 2021	202,282,923	127,743,096	80,609,818	3,965,883
April 9, 2021	178,837,781	114,436,039	68,202,458	3,958,065
April 2, 2021	157,606,463	101,804,762	57,984,785	3,975,059
March 26, 2021	136,684,688	89,559,225	48,695,172	3,379,393
March 12, 2021	101,128,005	65,965,305	35,000,159	2,924,112
Jan 22, 2021	19,107,959	16,243,093	2,756,953