No Daily Activity Report -- Global Warming Shuts Down North Dakota -- April 13, 2022

Gasoline demand, link here. For the past twelve weeks, GasBuddy has been reporting, over on twitter, ever-increasing demand for gasoline, and every week, EIA data fails to confirm.

Mask mandate on airlines: extended for two more weeks. CDC needs more time to study this graph:

$104-oil and $7-natural gas: what's not to like?

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Back to the Bakken

Due to the blizzard, second day in a row, no daily activity report.

Active rigs:

$104.00	4/13/2022	04/13/2021	04/13/2020	04/13/2019	04/13/2018
Active Rigs	0	17	36	63	60

My Daily Egg Ration At Risk -- April 13, 2022

To be able to afford eggs, I am now dependent on income received from monetization of "themilliondollarwayblog" website.

Eggs remain very expensive due to the avian flu outbreak. At one time I was able to meet all my egg needs at $1.19 / dozen at Target. Now, the best I can do is $2.39 / dozen, and Target is dangerously close to running out.

Moments ago I received this notice from Google, the parent company that owns the blogger app on which I post. 

That word "exploits" covers a lot of bases.

A non-thinking robot makes the first "cut," and then "real people" review the flagged content. [I've learned that from experience. Don't ask.]

I cannot afford to take chances. Starting today, my blogging on Ukraine will be very, very circumspect (is that correct grammar?).

I may start referring to an imaginary war fought by imaginary generals in an imaginary country called Ruritania. 

If my blog disappears completely .... 

On another note, I now know my "publisher number" which has been redacted above. I never knew I had a "publisher number." I'll have to look at my "1099."

Billionaire Tax -- April 13, 2022

Link here.

I have very strong feelings on this one. 

Remember, middle income folks are already subject to a minimum 10% tax on unrealized gains. We've discussed this before. 

Poll at right. My hunch: not one multi-billionaire will reply to the poll.

WTI Hits $104 -- Up 3.24% -- Up $3.245 -- Natural Gas At $6.977 -- 12:52 P.M. CT -- April 13, 2022

Updates

Later, 1:10 p.m. CT: while writing the note below, oil hit the $104-mark. 

Original Post

Unfortunately, President Biden has no more arrows in his quiver to drive down the price of crude oil. Mixing metaphors, but still a "weaponized" metaphor, he shot his wad when he announced the most massive release of oil ever from the SPR.

• SPR: can't release any more
• Saudi Arabia:
• won't take phone calls from Washington (DC)  if they have to do with oil;
• has no spare capacity
• OPEC says impossible for cartel to make up loss of Russian oil
• sanctions on Russian oil yet to take effect
• biggest problem: keeping the Russian oil industry running
• already, one Russian spokesperson says the country is willing to sell oil and oil products at any price to maintain integrity of Russian oil sector
• Libya: probably losing upwards of a million bopd; off and on; not dependable
• Canadian heavy oil
• this is what is really needed
• Keystone XL was built specifically for bringing heavy oil to US gulf coast refiners
• California: a special case
• an "island" when it comes to crude oil
• the state has more than enough to be self-sufficient
• largest refiner (?) in state with employee-led work stoppage

So, if you are a trucker supplying gasoline to California and Arizona, if coming from the north, would you want to turn right (to the west) or turn left (to the east)?

Meanwhile, natural gas will soon have a 7-handle. Right now, natural gas is at $6.941.

WTI Just Hit $103 -- Pulled Back Slightly -- 10:56 A.M. CT -- April 13, 2022