Title : Just In Time For Christmas -- December 6, 2017
link : Just In Time For Christmas -- December 6, 2017
Just In Time For Christmas -- December 6, 2017
Folks may have noticed that crude oil has started to go on sale. The explanation is down below.
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LEGO
From a post on September 27, 2017:The Lego NASA Apollo Saturn V remains "temporarily out of stock." This is the longest period of time I have ever seen a Lego product "temporarily out of stock."The much-in-demand set is now available. It became available overnight. I believe this set has been unavailable ever since it was launched. Sales were limited to two sets/person and Lego could never keep up with demand. It was quite a story. It will be interesting to see how long the set remains available.
We've talked about this before.
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Back To The Bakken
Active rigs:
$56.86↓↓ | 12/6/2017 | 12/06/2016 | 12/06/2015 | 12/06/2014 | 12/06/2013 |
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Active Rigs | 53 | 38 | 64 | 188 | 193 |
RBN Energy: the coming surge in US superlight crude and condensate production.
Back in 2015, U.S. production of superlight crude oil and condensate had been on the rise for five years, driven primarily by boom times in the Eagle Ford shale play in South Texas. Condensate was selling for several bucks-a-barrel less than light-crude benchmark West Texas Intermediate (WTI), the U.S. government had recently approved the export of minimally processed condensate, and new condensate splitters were being built to allow refineries to use more high-API-gravity liquids. Fast forward to now, though, and production of superlight crude and conde is off by one-third — the lighter the material, the steeper the decline — a barrel of conde is selling for several dollars more than WTI and a lot of those new splitters are running at far less than full capacity. As for exports of neat conde, they’ve dropped to almost zero, and whatever superlight crude and conde that is being exported goes out as part of blended crude. But things could be about to change again, possibly in a big way. Today, we begin a new blog series on the chaotic U.S. conde and superlight crude market.
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Back To Re-Balancing
From Oilprice.com, oil prices fall after API reports huge build in gasoline inventories.
Thus Article Just In Time For Christmas -- December 6, 2017
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