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Title : Week 31: July 30, 2017 -- August 5, 2017
link : Week 31: July 30, 2017 -- August 5, 2017

Week 31: July 30, 2017 -- August 5, 2017

Stock market (the Dow 30) closes at a record high for the eight day in a row; it is so incredible that when President Trump tweets about it, it is "censored" by Twitter because it is "politically sensitive." That's how good this week has been; that's how incredible the first six months of President Trump's presidency has been. That follows an incredible jobs report, including the jobless rate ticking down to 4.3%. Now, the pundits are concerned there may not be enough "Americans" to fill all the jobs being added by the economy.

ObamaCare: for all intents and purposes, every health insurer, except Blue Cross/Blue Shield has exited the ObamaCare exchanges. And they are all hitting new highs on the stock market. Which begs the question: how much longer can BC/BS stick with ObamaCare?

WTI finally hit $50 but dropped back a bit. Pundits were sure that with Venezuela imploding, the US would be "short" heavy oil. I guess the pundits forgot about Canadian heavy oil. It appears Canadian oil imports have hit an all-time record. Meanwhile, despite "cuts" (wink, wink), OPEC imports are still at near record levels. Only 39 weeks until US "re-balances" crude oil stores.

Saudi: may have stopped the bleeding.

Milestone: China becomes the #1 importer of crude oil, a distinction held by the US .... like "forever." The US is now the #2 importer of crude oil. Already pundits are worried about US refiners. LOL. These pundits seem never to run out of things to worry about.

Record gasoline demand: it was not reported by the mainstream media, but it appears US gasoline demand hit an all-time record.

An aside: nuclear energy in the US is dead.

Joke of the week: residential electricity sales are falling; EIA is blaming the Bakken.

Energy gap between EU and US widens; four posts:

• one
• two
• three
• four

The Bakken finished a week with eleven more wells coming off the confidential list; they were all DUCs. Drilled, uncompleted.


Operations
XTO preparing to frack in the Capa oil field? 
A CLR Holstein Federal well has been updated 
CLR's Holstein Federal wells are telling us a story 
A random look at Slawson's Wolf well in Van Hook (Big Bend) 
Random update of a monster well: an EOG Austin well
Random update of a QEP Levang well in Blue Buttes
Update of Slawson's Torpedo pad in Van Hook
A re-look at CLR's Chimney Butte Candee pad
Update of CLR's Brandvik well
Random look at an EOG Mandaree well drilled back in 2011
Update of Whiting's Chameleon wells
Update of a CLR Rochester well in North Tobacco Garden

Natural Gas
Natural gas production takes front seat in the oil-driven Bakken 

Fracking
Fracking the heck out of CLR's Candee 11-9H in Chimney Butte

Bakken 2.0
Re-fracking works

Bakken Economy
Hiring in the Bakken

Bakken 101
The Pronghorn member

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Thus Article Week 31: July 30, 2017 -- August 5, 2017

That's an article Week 31: July 30, 2017 -- August 5, 2017 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

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