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Title : War Drums -- April 11, 2018
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War Drums -- April 11, 2018

CPI numbers: this morning -- ho-hum. In line.

In focus: Mexico's presidential elections. Not going to be pretty for Mexico. I did not realize this: Mexico's refined storage capacity -- three days. Mexico has three days of storage for refined production (gasoline, jet fuel). Mexico does not have the financial reserves to increase that storage capacity. The likely new president, a leftist, has run for president twice before, has said he will end Gulf of Mexico auctions/sales.

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Back to the Bakken

Active rigs:

$65.96↑↑*	4/11/2018	04/11/2017	04/11/2016	04/11/2015	04/11/2014
Active Rigs	58	53	31	93	190

*Geo-political (missile strikes in the Mideast pending); falling dollar

RBN Energy: estimating Dominion Cove Point liquefaction feedage volumes.

https://ift.tt/2dZyQXu

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