Tuesday, June 9, 2026

Airline WI-Fi -- As Long As It's Reliable, Fast, And Free -- The Brand Probably Matters Little To Most Flyers -- June 9, 2026

Locator: 50945FLIGHT.

Of the four major airlines, the airline and your a/c wifi is determined by where you live.  

Market share of each of the big four: about 18% for each.  

In general, the only airline I need to fly is American Airlines (AA). 

Wi-Fi: StarLink vs Leo.

Elon Musk SpaceX vs Amazon Leo.

In round numbers, with complettion of sixth terminal at DFW, in progress:

  • ATL: 200 gates: 175 gates for DAL; 4 gates for AA.
  • DFW: 200 gates; 200 gates for AA; 5 gates for DAL.

AA, United, Southwest: Starlink.

Delta: Amazon Leo.

 
Is amazon leo free on delta for flyers? 


On American Airlines, Starlink wi-fi is free if one signs into American Airlines as a AA Advantage member. 
 
So, it appears, this will be another way to get folks to become members of "airline loyalty clubs."  
 
There could be much to write about, but I think sentient beings can sort this out. 

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US Airlines

Query
Of the four major US airlines, could one argue that Southwest if quite regional (the south and the southwest); United is very US-focusted; Delta, along with US is focued on Europe; and American, along with US, is focued on Latin American (Central America and South America)? 

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Human "Rationality" Vs AI

Link here. It may take a bit of work but one can read the entire article without a password or a subscription but there will be a lot of ads. Whether it's worth the time to read the article is in the eye of the beholder.

But there are few nice points for cocktail chatter.

And some jargon along with a bit of history, otherwise to be forgotten.

Ralph Leighton at a restaurant in Glendale, California. Leighton was agonizing over ordering his usual favorite, or risking something new.

Feynman turned the choice into a math problem, and solved it on a piece of notebook paper. His equation showed exactly when Leighton — or any indecisive diner, for that matter — should stop taking risks and stick with what one knows is good.

Tuesday -- June 9, 2026

Locator: 50945B.

Peace in the Mideast: does one get the feeling none of the three major participants really want to see "peace in the Mideast"? All participants and observers, journalists, and analysts certainly agree the "document" (if there ever is one) won't be worth the paper it's typed on.  

Pageviews: 5:30 a.m. CT, June 9, 2026 -- 60,263,731. 

Sell-off: that one day sell-off? That was it? AAPL lost 2%.  

Beer

  • favorite brand, 6-pack: $10.99
  • favorite brand, 12-pack: $15.99 

Rum: $17 for standard-size plastic container

  • hasn't changed price in at least two years? 

Hoarding: you know what happens when folks hoard toilet paper -- shelves go empty and prices increase. 

Same thing with oil After this year's oil shock (Mideast war / blockade of Strait of Hormuz) every country in the world will buy as much crude oil as they can afford and store it / hoard it in their own private little SPR.

Chart of the day: Marvell. Marvell will be added to the S&P 500 on June 22, 2026. Marvell will replace PoolCorp (POOL). 

"You can howl at the wind, but AI is here to stay." The build out of AI / LDCs will be stretched by several years due to NIMBY and cash flow.

That surge in Micron? It's not over. Up $85 yesterday. Futures today, up another $40.

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Back to the Bakken 

WTI: $89.36. Trump jaw-boning (again), peace is at hand, and the price of oil is about to plummet. It gets tedious.

New wells reporting:

  • Thursday, June 11, 2026: 12 for the month, 168 for the quarter, 325 for the year, 
    • 42168, conf, Formentera Operations, Maverick-22-10-BND N611H, 
    • 36279, conf, Enerplus, Aardwolf 148-94-03A-10H, 
  • Wednesday, June 10, 2026: 10 for the month, 166 for the quarter, 323 for the year, 
    • 41758, conf, KODA Resources, Stout 1336-8BH, 
    • 36281, conf, Enerplus, Elephant 148-94-03A-10H, 
  • Tuesday, June 9, 2026: 8 for the month, 164 for the quarter, 321 for the year, 
    • None.

RBN Energy: Permian's "wellhead-to-water" midstreamers dominate NGL-related development. Link here. Archived.

There’s an interesting aspect to the buildout of new Permian gas processing capacity, NGL pipelines, fractionators and NGL export terminals, namely that virtually all of the projects are being undertaken by midstream companies that handle NGLs along their entire value chain, from wellhead to water. That’s a rarity in the crude oil world and just about impossible in natural gas — no classic midstreamer owns LNG export terminals! In today’s RBN blog, we continue our look at the latest NGL-related infrastructure developments in the region with a review of current projects by Energy Transfer, ONEOK, MPLX and Phillips 66. We’ll also take a big-picture look at gas processing capacity in the basin and where most of the growth is occurring.

As we said in Part 1, the rapid buildout of Permian gas processing plants and other NGL-related infrastructure in Texas and southeastern New Mexico is continuing, even as crude oil-focused production in the Permian has remained flat. We explained that, generally speaking, newer wells in the basin are gassier and saturated with ever-higher levels of NGLs. Those trends have spurred the development of more and more processing plants as well as additional takeaway capacity (for both NGLs and natural gas), more fractionators in Mont Belvieu (and elsewhere), and more LPG and ethane export capacity along Texas’s Gulf Coast.

We started our review of the infrastructure projects now under development with a look at what Targa Resources and Enterprise Products Partners have been up to. Today, we follow up with a review of projects planned by four other midstreamers that are involved in every aspect of NGL processing and transportation.

We’ll start with Energy Transfer, which is in the midst of expanding almost every link along its NGL value chain. Out in West Texas, the midstreamer has been commissioning its 275-MMcf/d Mustang Draw I gas processing plant in the Midland Basin and expects it to be fully operational in June. Energy Transfer also is building Mustang Draw II, another 275-MMcf/d plant, and will bring it online in Q4 2026. (That will give Energy Transfer a total of about 5.8 Bcf/d of processing capacity in the Permian.) In mid-2026 the company will complete a 90-Mb/d expansion of its Lone Star Express NGL pipeline and in mid-2027 it will finish a pipeline looping project upstream of Lone Star Express that will enable Energy Transfer to source an incremental 150 Mb/d of NGLs from the Northern Delaware.

Energy Transfer’s Nederland Terminal. Source: Energy Transfer

Items From Yesterday -- US Oil Exports Hit All-Time Record and Corning -- June 9, 2026

Locator: 50944ARCHIVES.

Tag: tech AI Corning GLW oil export records 

Two completely different commodities / investing opportunities, oil and fiber, but they really, really, really stood out yesterday. 

US oil exports: if we're all on the same page, measuring the same thing, this is huge. Here is the link to US oil exports. It is seldom that the US reaches 4 million bbls of oil per day, and the total exports in May generally run in the millioin bbls of oil. It's now being reported that "Hormuz disrutpion drove American crude oil exports to all-time high in May, 2026 (link to sgpglobal)": 5.6 million bopd in May. Again, if we're measuring apples-to-apples and I'm reading the data correctly that is astonishing. 

Tech / AI: without question, the big story coming out of the Apple WWDC keynote speech yesterday and tech news in general was all about Apple, Amazon, Google, Corning (GLW), and Nvidia. Of these five, it's Corning (GLW) that should be getting everyone's attention. Based on what I know about Corning, there is (and there will be) no shortage of raw material / feedstock for fiber -- it's just a matter of how fast Corning can manufacture fiber from sand. See Shay.

Query: it appears that Amazon and Corning are currently the big stories for investors coming out of AI right now. So, what's the story?

Reply


My investment thesis has not changed.

Monday, June 8, 2026

Four New Permits; Three Permits Renewed -- June 8, 2026

Locator: 50943B.

WTI: $90.40.

Active rigs: 28.

Four new permits, #43009 - #43012, inclusive:

  • Operators: Hess (3); Murfin Drilling
  • Fields: St Anthony (Dunn County); Antelope (McKenzie); Hawkeye (McKenzie)
  • Comments:
    • Murfin Drilling has a permit for a Kinzel well, SWSW 33-141-96; 
      • to be sited 350 FSL and 820 FWL;
    • Hess has permits for two AN-Melby wells and one HA-State well; all three WNW 15-152-95, 
      • to be sited 930 / 1029 FL ad 1210 / 1211 FWL.

Three permits renewed:

  • True Oil, three Erie Federal permits, lot 3, section 3-147-101, Bowline oil field, McKenzie County.

Keep This On Your Radar Scope: Nebius -- Hyperscale Competing With Amazon (AWS) And Microsoft (Azure) -- June 8, 2026

Locator: 50942NEBIUS.

Query:

Put this in perspective: "Nebius has announced an investment of £1.7 billion to build out capacity in the UK with three new deployments of NVIDIA infrastructure.The three new sites will deploy the latest generations of NVIDIA’s full-stack, end-to-end AI factory platform technology and combined will reach 65 MW when fully ramped up in 2027." How does this compare with AWS or Azure in the US?.

Summary of reply below: US hyperscalers (AWS, Azure) are building intercontinental railroads; Nebius is building a freight terminal. 

Reply:


A likely acquisition target some day.