Quick links to a few items I found interesting.
Bloomberg reports that Exxon wants to be first in line to frack in Colombia:
Exxon Mobil Corp. has filed for an environmental permit to explore for shale oil and natural gas in Colombia using hydraulic fracturing technology, in a bid to become the first driller to use the controversial technique in the Andean nation.
But Jim Brown notes that a whole lot more other projects have been cancelled:
Energy investment bank, Tudor, Pickering, Holt & Company said the oil industry has deferred or cancelled about 150 projects that could unlock 125 billion barrels of oil over their lifetime. Those 150 projects could produce about 19 million barrels per day at their peak.
Bill McBride summarizes the consensus prediction of a Fed hike this week:
Most analysts think the federal funds rate will be increased from a target range of “0 to 1/4 percent” to a range of “1/4 to 1/2 percent”. The current effective rate is 0.14 percent, close to the middle of the current range.