Amazing Charts -- January 18, 2024

Locator: 46576CHARTS.

Everything suggests that we've reached the mid-winter nadir. All I see right now? Blue skies as far as I can see. Don't bother me with details or facts. LOL.

Most important data point today for investors bullish on America:

EIA petroleum report, link here:

• jet fuel supplied: up an astounding 6.2%, y/y -- and this is the slow season for flying; only ones flying at this time -- business travelers. In this week's EIAWPR nothing else matters. Period. Dot.
  

Most amazing chart, link here:

Unemployment claims, today, link here:

Birkenstock, link here:

Investors unhappy, stock falls, but the resilience of the American consumer:

Demand for Birkenstock's footwear, which retails for as much as $350 a pair, has remained resilient and the company has also benefited from efforts to boost sales through its own website and stores.

My favorite chart, link here and here:

 

Busy, Busy, Busy Day -- January 18, 2024

Locator: 46575B.

So many "unexpected" data points today. 

Blue skies are here again, a musical interlude.

On the desktop today:

• oil surplus, 2023, unexpected;
• oil demand;
  
• France gets it;
• Europe's solar crisis;
  
• jobless claims; what a great country.
  
• money to be made; lots. Amazing. I've never seen a chart like this.
  
• PLUG; posted below.
  
• EVs;
• Birkenstock;
• TSM;
• chipmakers;
• electricity;
• monthly retail sales; most amazing chart.
  
• my favorite chart;
• China's energy problem; 
• most irritating commercial right now: Peyton Manning's Bud Lite, buying for the bar.
  

EIA petroleum report, link here: not reachable after embargo. Now being told that report has been delayed for 30 minutes.

• US crude oil in storage: decreased by 2.5 million bbls; now at 3% below five-year average;
  
• US crude oil imports: 6.6% more, y/y;
  
• refiners: 92.6%;
  
• distillate fuel: increased, and now only 3% below the five-year average;
  
• jet fuel supplied: up an astounding 6.2%, y/y -- and this is the slow season for flying; only ones flying at this time -- business travelers.

Days supply, US, crude oil: 25.9 days. Link here.

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PLUG

Link here.

Ticker:

RBN Energy On The Bakken -- January 18, 2024

Locator: 46574B.

OKE: announces hike in dividend. Bigger than usual; bigger than expected (?). Paying 5.5%. P/E 13.

Personal investing today: bought AMD. Still deciding for two other tickers but both will be in tech. Possibly CAT, DE or TSC. [Later: Oracle.]

Three big stories today:

• not on my bingo card today: RBN Energy, Bakken. See below.
• my favorite chart -- The WSJ
• TSM

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Back to the Bakken

WTI: $72.61,

Sunday, January 21, 2024: 41 for the month; 41 for the quarter, 41 for the year
39280, conf, Liberty Resources, CA C 158-93-21-23-2MBHX,
39279, conf, Liberty Resources, CA C 158-93-21-23-1MBHX,
39278, conf, Liberty Resources, NV C 158-93-16-14-20MBHX,
39277, conf, Liberty Resources, NV C 158-93-16-14-5MBHX,
30951, conf, Oasis, Bergem 5199 43-33 4B,
30915, conf, BR, Saddle Butte 14-9 TFH,

Saturday, January 20, 2024: 35 for the month; 35 for the quarter, 35 for the year
39946, conf,  Resonance Exploration, Resonance Lodoen 12-36H INJ,
30914, conf, BR, Curtis 14-9 MBH,

Friday, January 19, 2024: 33 for the month; 33 for the quarter, 33 for the year
None.

Thursday, January 18, 2024: 33 for the month; 33 for the quarter, 33 for the year
None.

RBN Energy: Bakken production growth will soon test infrastructure limitations. Archived.

In North Dakota’s Bakken production region, crude oil is king. The light, sweet crude produced there is attractive to buyers in the Midwest and Gulf Coast and is the primary driver of producer economics in the basin. And when the crude is produced, it comes along with a healthy dose of NGL-rich associated natural gas. But while those are valuable products in their own right, providing economic uplift when sold, it’s a double-edged sword. Natural gas and NGL volumes are increasing rapidly and will soon test the limits of takeaway capacity, with the potential to disrupt not only those commodities but also the crude production with which they’re associated. In today’s RBN blog, we discuss three potential limitations faced by Bakken producers: natural gas pipeline capacity, NGL pipeline capacity and, at the fulcrum of those two, the Btu heat content of the gas being piped out of the basin.

Aerial Photos And Peanut Butter Cookies -- Januuary 17, 2024

Locator: 46573WHITTEN.

Vern Whitten sent the following today.

Both he and his wife would love to hear from you.

Go to Vern's site to see some great North Dakota / Minnesota photos, and to his wife's site to start sharing recipes!

From Vern today:

So it’s 10 below outside. What to do? How about looking over a few eye catching photos. When you’re done, have some cookies.

My wife BJ loves to cook and specializes in making recipes easy to use. I’ve spent the last week or so working on a Blog with her. It’s not exactly aerial photography but it tastes really good.

The photos: https://vernwhitten.smugmug.com/BEFORE-AND-AFTER. And photos.

The recipes: https://www.bjsrecipes.com/rec/2024/1/7/peanut-butter-cookies. 

VERN WHITTEN PHOTOGRAPHY
1518 7TH STREET SOUTH
FARGO, ND  58103

E-Mail: whittenaerials@gmail.com
Call: (701) 261-7658

The Strength Of The US Consumer -- January 17, 2024

Re-Posting.

Locator: 46569ECON.

What's missing? Why are US consumers so resilient? I argue that it is has to do with America's free market capitalism. 

Updates

Later, 7:07 p.m. CT: 

Original Post

Link here.

And from Schwab:

1.9 / 2.4 =  79.2%. I don't know to what extent house sales, mortgages, rental payments contribute to "consumer spending." My hunch: house sales / mortgages and rental. payments were pretty flat q/q.

Consumer resilience:

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19

Charlie Pride