Episode 20 - New Mexico and Fracking | EIA data lag | China offers oil futures contracts in Yuan - a podcast by Ryan Ray & Ellen Wald

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Ellen’s visit with Saudi Shoura Council – learned about what council does and how situation for women is changing in Saudi Arabia. http://bit.ly/2DZw8f1

New Mexico and fracking: - https://lat.ms/2I9TRfb

Permian is not just in Texas, also extends to New Mexico. What do companies do about water?
1) price 2) environmental agencies 3) local interests
for some, drilling oil wells can being needed access to water but others may be negatively impacted
producers being proactive in how to handle water issues with communities

Trouble in EIA data collecting land - http://bit.ly/2DZHVtM

lag between data reported to EIA and TRC – EIA shows difference
½ rigs in the nation are in Texas so the difference in reporting is noticeable

Total and Exxon to drill ultra deep well in Mexico in October - http://bit.ly/2GfcAcw

Big companies not put off by anti-foreign oil company rhetoric in upcoming Mexican election


China offers oil futures contracts in Yuan - https://on.wsj.com/2DYVY34

Is there a future in oil contracts denominated in a currency other than the dollar?
- used to be in pounds sterling
- dollar picked up steam in 2nd half of 20th c
- pre WWI almost all trading in pounds
- mid-1920s almost equal between dollar and pound
- post-WWII dollar became favorite
-1970s still 1/5 denominated in pounds sterling
- possible but just not the renminbi nor the time for renminbi?


New on Forbes: How Trump, Bolton And Pompeo Pushed Oil Prices Higher - http://bit.ly/2DWqYAt

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Further podcasts by Ryan Ray & Ellen Wald

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