Europe, not dead yet. European car sales up almost 9% in October, 2019.
California to Texas migration continues. Apple starts construction on its $1-billion Austin campus.
Mark Perry talked about this years ago. Do we have another nominee for the Geico Rock Award? Jimmy Sengenberger enlightens us: how US student debt became such a big issue.
9:24 a.m. CT: daily activity report from yesterday still not posted.
Graphic panic. This is a keeper. Warren Buffett probably has a copy hanging in his bedroom. Screenshot to follow.
End of an era. Re-posting. From Bloomberg via Rigzone --
California is one step away from banning drilling for oil in their state. Meanwhile, the state has commissioned a multi-million dollar study to find out why gasoline prices are so high (a study that is undertaken every several years, usually when a new governor takes office). I find the whole thing fascinating, if not bizarre.Big plans: COP unveils its 10-year operational plan. From Rigzone.
- average annual CAPEX: less than $7 billion
- free cash flow of $50 billion
- anticipates annual production growth of three percent
- plans to seel 25% of its Alaska assets
- question: do they hold any "dead" assets in California; most likely
4% is not nearly enough. From Rigzone, update on Encana's proposed plan to flee Canada --
- one of its largest investors will vote against the producer's plan to moves its headquarters to the US
- this is the "Ovintiv" story -- previously posted
- moving to Denver, CO, if I recall correctly
- Canada has declared itself a "no-growth" country
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