WTI: some say WTI closed at $74. Let's check.
Bakken economy: North Dakota aircraft boarding numbers declined in August, m/m, but numbers in Williston continued to rise. Most important word: "continued."
UK: 50-fold jump in power rates. Link to Tsvetana Paraskova. Putin lovin' it. The good news? It's transitory. Likely to last only through 2027.
UK petrol: panic buying overwhelms UK filling stations. Again, simple procedures put in place would prevent it. Odd/even license plates; max: half tank.
UK / EU: French and Germany electricity wholesale prices (one-year forward) have hit all-time highs, showing that the European energy crunch isn't going away anytime soon.
Coal: highest levels in thirteen years. Reasons?
- high natural gas prices (why?);
- high power demand (why?);
- nuclear plant closures (why?);
- low wind generation
Arctic: oil is booming despite strong opposition. Link here. And look at this -- look which American company is among three international E&P companies? Gazprom, Total, and COP. For the record, I'm accumulating shares in two of the three. LOL. American banks providing huge amounts of financing, along with private equity giants like BlackRock. Report provided by a faux environmentalist.
US natural gas: it might not average $10 in 2022, but some pundits see $20+ in some regions.
Groningen: from Alexander Stahel @BurggrabenH -- Groningen was a key EU gas producer (yes, ageing but still solid) and is to be turned off next year due to seismic risk in the region. JSMH. Link here.
- a reminder: commodities are priced at the margin, and it exactly those marginal bcfs/barrels/pounds that will be missed most in the coming years and that ARE setting prices.
- with Nord Stream 2, the Russians conquer Europe without firing a shot.
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Never Too Old
Go for it.
- Chuck Grassley: will run for sixth term. Next year he will be 89 years old. But he's still young.
- Dianne Feinstein: has already filed papers to run in 2024 when she will be 91 years old.
And they survived Covid-19, the plague year.
No one should complain. US judgeships are generally lifelong appointments.
- RBG died "in office" at the age of 87.
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Personal Matters
Your resume. What to include; what to leave out. Link here to The WSJ. There's some valuable tidbits for college students.
Academic coursework: Listing courses taken while earning a degree or
certification tells employers nothing about your abilities; it only
speaks to your attendance. Neither does a GPA, which only demonstrates
that you were a good student. Even if you are a recent college graduate,
a better strategy is to write about a group project, a case study you
wrote or a hypothetical model you built while in school. These types of
details demonstrate to employers what you are capable of far better than
a course list or GPA.
