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Title : The Light-Heavy Crude Oil Spread Is Narrowing -- RBN Energy -- September 21, 2017
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The Light-Heavy Crude Oil Spread Is Narrowing -- RBN Energy -- September 21, 2017

Active rigs:

$50.51→	9/21/2017	09/21/2016	09/21/2015	09/21/2014	09/21/2013
Active Rigs	55	33	68	196	185

Peak oil: for the archives. Now that we are solidly above $50 for a bbl of oil, time to re-read this May 8, 2017, interview with Art "Peak Oil" Berman: "don't get used to today's low oil prices." For the archives. 

RBN Energy: the narrowing light-heavy crude oil spread and what it means for US refineries.

Markets: Dow and  S&P 500 hit new records yesterday. At 22,500, a rise of 500 points amounts to a trivial 2% "jump" in the Dow. Likewise, a 500-point drop is a 2% drop. So, when I see the Dow up another 10 - 20 points, it's not particularly exciting. Maybe I'm missing something.

AAPL: I see GoogleFinance has AAPL as one of the top ten movers in pre-market trading ... drum roll ... down 0.04%.

DAPL-gate: comes to an end. At The Bismarck Tribune, data points:

• no fine
• DAPL does not admit guilt
• DAPL will plant three trees for every alleged tree removed (industry standard is to plant two trees for every alleged tree 
• DAPL developer to provide manual on how to communicate better

Cars: it was interesting to hear that Ford will shut down "car manufacturing" for five manufacturing plants for a total of ten (10) weeks, but will continue to manufacture SUVs and pick-up trucks. No links. The story is probably easy to find if interested. Tells me all I need to know about availability of gasoline and diesel for the next year or so.

http://ift.tt/2dZyQXu

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