Thursday, June 26, 2014

Thursday, June 26, 2014; Militants Take Large Natural Gas Field Outside Of Baghdad; Ready To Pounce On Baghdad's Water Supply; Jobs Report Unremarkable

Foul! US Supreme Court rejects President Obama's recess appointments. US Supreme Court rejects President Obama's recess appointments. I guess the entire last four years will require a "do-over."  Actually the whole story is a moot story; doesn't amount to a hill of beans. Much ado about nothing.

[There could be more typographical errors than usual today; I will gradually clean up the posts.]

Active rigs:

Active Rigs192187214170124

RBN Energy: RBN Energy provides background, insight, analysis to this week's story about the US lifting the four-decade ban on oil exports.  Unfortunately RNB posts are generally only available for a short period of time before they disappear, and become available only by subscription. Memo to self: post saved.

Jobs report: hard to find it this morning. No wonder, same ol', same ol'.  Down 2,000 to 312,000. The number of people actually receiving benefits inched up by 12,000 to 2.57 million. But the small increase comes after the level fell to a six-year low in the previous week. The four-week average, a less volatile measure, rose 2,000 to 314,000.

Doesn't look good for the home team (not that anybody is watching or cares; right now it's all about the US-Germany soccer game): militants take "gas field" town; Maliki calls parliament into session.  Reuters is reporting:
Militants took a town an hour from Baghdad that is home to four natural gas fields on Thursday, another gain by Sunni insurgents who have swiftly taken large areas to the north and west of the Iraqi capital.

The overnight offensive included Mansouriyat al-Jabal, home to the gas fields where foreign companies operate, security forces said. The fighting threatens to rupture the country two and a half years after the end of U.S. occupation.
Militants preparing to take Baghdad's water supply. Link here. The militants have been studying their 12th century medieval history.

The Wall Street Journal

US Supreme Court: President Obama and NSA cannot search cell phones without warrants.

US economy collapses; shrinks by most in five years. It's been quite awhile since we've seen the word "collapses" (their word, not mine) used in context with the economy; and this comes during the "recovery" and after a trillion dollars (give or take a few unaccounted-for billions) of stimulus. Stock market is down this morning. Lots of profit taking.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.

New cross-border franchise for entrepreneurs? "Stash" houses. International youth hostels for America's next generation.

A leading advocate for immigration legislation declared the long-moribund effort is dead for the year, publicly voicing what many others have said privately. To me, it looks like immigration reform has occurred through executive action and/or inaction.

Doubts grow over Ukraine cease-fire. Most such "civil war" cease-fires are simply opportunities to regrop and re-stock.

 The US isn't the only one with migrants flooding the borders. Italy seeks EU funds as migrant flood rises. Where are these migrants coming from? North Africa.

Oil exports ruling roils industry. Link here. In addition, see RBN Energy  post/link above.This thing is not settled. I have very "bad vibes" about this whole thing.

Butter: Americans now love it; one of the great comeback stories. Hey, it's summer, corn-on-the-cob and lots of butter.

The headline doesn't say they will be recalled and I'm not interested enough to look but now GM finds air bag problem in the Cruze: 33,000 of its 2013 and 2014 Chevrolet Cruze compact cars were equipped with air bag inflators that were assembled with the wrong part.

Diane Sawyer to step down at ABC anchor; it's hard to believe she is 68, or thereabouts.

Toyota speeds rollout of fuel-cell cars; it will begin selling a fuel-cell sedan in Japan by next March for about $70,000. Deliveries to US and Europe to follow. 

The Los Angeles Times

Buzz Aldrin sells Wilshire Corridor condo.
A Note to the Granddaughter

Our younger daughter asked if we saw any Awestar Ministry teams at the DFW airport last night (or, more precisely, early this morning). My reply: 
It was very, very busy at the airport last night, but we were at the Spirit Terminal, "miles" away from the airlines that Awestar is likely to use (American, United, etc). I did see welcome signs for "Heavenly Delegates" so either "angels" are now flying "Spirit" airlines -- that's seem appropriate, I guess -- or there's a religious conference in town. 


  1. FYI, NSA doesn't search cell phones. NSA collects cell phone metadata (number dialed, call duration etc). NSA also collects cell phone traffic ( actual conversation, data ) but the secret court robber stamps warrants for the traffic.

    The ruling most effects local police. Particularly in drug cases, cops want to know for example, who the person in custody has been in contact with and the phone has that list.

    For don and NSA, this ruling is a non event. For local police and prosecutors, it means major changes in how they have been operating.