Locator: 45502TX.
Relocations, California to DFW, tracked here.
The "legendary $1,500 Thermomix mixer."
It makes sense, where everything in Texas is bigger. LOL.
Most recently, announced this past week:
Tuesday, August 29, 2023
Thermomix Moves From California To DFW -- August 29, 2023
Vision Pro -- August 29, 2023
Locator: 45501AAPL.
When Vision Pro was annouunced, this was the first thing my nephew, an engineer by training, thought of, especially in the oil industry, routine refinery maintenance.
Vision Pro may or may not be a "winner" among individuals for entertainment, but these things are going to take off in the industrial and military sector. My hunch: DARPA, the USAF, the USA, and the USN are eagerly anticipating the Vision Pro. Night goggle applications? Heads-up displays in fighters.
Update On US Respiratory Illnesses -- August 29, 2023
Locator: 45500COVID.
We're coming up on the 34th week of the current calendar year. Positive tests for influenza A continue to fall, but the season begins shortly before the 40th week.
Visits to outpatient clinics for respiratory diseases of all causes are starting to increase ever so slightly.
Percent of deaths due to PIC (pneumonia, influenza, and Covid-19) are starting to increase, though not significantly (in the eye of the beholder).
Current results:
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Clots
I don't know if folks recall the clots associated with Covid-19 or the vaccine. That was a "story" early on in the pandemic.
RSV and the new RSV vaccine are very similar with regard to clotting (needs to be fact-checked). My wife experienced significant superficial clotting after receiving her RSV vaccine last week, something she had not experienced from previous non-RSV vaccines. The clots resolved quickly and no post-vaccine sequelae.
Saudi Arabia Foreign Reserve Assets Plunge -- August 29, 2023
Locator: 45499SAUDI.
Saudi Arabia's foreign reserves plunge, link here. History here.
The previous report, not the most recent report which is pending over at trading economics:
June 2023 report: Foreign Exchange Reserves in Saudi Arabia increased to 1662018 SAR million in June from 1658228 SAR Million in May of 2023. [1.662018 trillion].
In the most recent report, posted below, reserves dropped to $407 billion (1.53 trillion Saudi riyals).
From the linked article.
Saudi Arabia’s net foreign assets plunged by as much as $16 billion in July, the biggest drop since the onset of the pandemic in 2020, as the Kingdom is slashing its crude oil production.
The reserves in net foreign assets fell to the lowest level since 2009, per data from the Saudi central bank. Those reserves dropped to $407 billion (1.53 trillion Saudi riyals).
Exchange rate: 3.76 riyals for one dollar, or 26.65 cents / riyal or about 25 cents for a riyal.
More:
Analysts expect Saudi foreign reserves to rise in September when the first performance-linked dividend from state oil giant Saudi Aramco is expected. Aramco said earlier this month that it intends to distribute performance-linked dividends over six quarters beginning in the third quarter of 2023.
Higher expenditures on diversification from oil amid lower oil export revenues resulted in a widening budget deficit in Saudi Arabia, the world’s largest crude oil exporter, data showed earlier this month. Saudi government deficit jumped by 80% from the first quarter to $1.4 billion (5.3 billion Saudi riyals) in the second quarter of 2023, as spending on social benefits and capital expenditures jumped.
It should also be noted that Saudi's domestic demand for oil increases significantly July, August and September (those reports pending, also) due to a/c demand during the extremely hot summer months.
Saudi Arabia's Foreign Reserves Plummet -- August 29, 2023
Locator: 45498B.
Saudi Arabia's foreign reserves plunge, link here. History here.
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Back to the Bakken
WTI: $80.73.
Friday, September 1, 2023: 53 for the month; 255 for the quarter, 500 for the year
37935, conf, BR, Boxer 3B MBH,
Thursday, August 31, 202: 52 for the month; 254 for the quarter, 499 for the year
None.
Wednesday, August 30, 2023: 52 for the month; 254 for the quarter, 499 for the year
None.
Tuesday, August 29, 2023: 52 for the month; 254 for the quarter, 499 for the year
None.
RBN Energy: yet another round of E&P consolidation in the Permian and Eagle Ford. Archived.
It’s only natural that deals like Chevron’s $7.6 billion acquisition of PDC Energy and ExxonMobil’s $4.9 billion purchase of Denbury grab the market’s attention. After all, the buyers are names known to everyone — even those who only think about hydrocarbons when they’re filling up at their local gas station. But a lot of other, lower-profile M&A action is happening too, especially in the Permian and also in the Eagle Ford. You might say these are cases of “Eat or be eaten” — or, in one recent case, “Eat and be eaten.” In today’s RBN blog, we discuss the plans by Permian Resources to acquire Earthstone Energy; Civitas Resources to buy assets in the Permian’s Delaware and Midland basins from Tap Rock Resources and Hibernia Resources, respectively; and SilverBow Resources to scoop up Chesapeake Energy’s last remaining assets in the Eagle Ford.
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