The Million Dollar Way (The Bakken Oil Blog)

Friday, October 16, 2026

Did Apple Set The Price Point Too Low? History May Not Repeat, But It Certainly Does Rhyme -- We'll Clean This Page Up Later This Weekend -- Friday, October 16, 2026

Locator: 51964APPLE.
Locator: 51964MUSE.
Locator: 51964WTI.
Locator: 51964CRASH.
Locator: 51964CVX.
Locator: 51964WHPRESS.
Locator: 51964DIDIFORGETANYTHING?

80% of what follows was not on my bingo card today.

See disclaimer.

Apple: link here.

Link to the Core, link here.

White House Press Secretary resigns: served less than five days?

WTI: surges nearly 4%; up $3.62 at the close; trading at $101.60.

What caused the stock market crash Monday October 19, 1987?

CVX: trending toward halfway to a market cap of $1 trillion.

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Disclaimer

Briefly:

I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
I am inappropriately exuberant about the US economy and the US market.
I am also inappropriately exuberant about all things Apple.
See disclaimer. This is not an investment site.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
I am also inappropriately exuberant about all things Apple.
And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Nothing on this site should be seen as recommendations for the general public. On the other hand, I have no problem if members of my extended family "see" recommendations I might be making - but only members of my extended family, limited to my children and my grandchildren.
Longer version here.

Two Apple Bedtime Stories -- October 16 ,2026

Locator: 51963APPLE.

Apple partners with Meta on Muse. Link here.

Apple iPhone Duo pre-orders off to a strong start -- Barron's. Link here.

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The Geography Page

Great location for a college student to learn about geologic strata, volcanology, link here. Link: https://share.google/aimode/5CHiyVz7wu61wHVtR. I think one year study abroad would be appropriate.

Santorini, Greece. Small island directly south of Athens, Greece. On a line directly between Izmir, Turkey, and Chania, Greece, on the island of Crete, midway on that line: the island of Santorini.

As the crow flies, Santorini Island, from Athens, is:

120 nautical miles;
140 statute miles.

Link here.

Among The Big Five -- India Is The Real Sleeper -- October 16, 2026

Locator: 51962INDIA.

WTI: $98.24.

Cramer's first hour. Jim Cramer has the hour off. His chair occupied by Sara Eisen.

AI debt fears fuel tech volatility: these fears continue to be the story.

Going forward: there is so much talk about China that many folks are missing the much bigger story. The bigger story -- the country that is the real sleeper: India.

We don't need to re-hash what India is doing among countries around the world but population? How does India compare with China?

India is the world's most populous country, with a population of about 1.48 billion, while China has 1.41 billion people. India has roughly 63.7 million more people (about 4.5% more) than China's.

Time to take a deeper dive into India vs South Korea, Taiwan, and Japan.

Link here. Link: https://share.google/aimode/gPZa4D2znwrBZsD2S.

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The Eisenhour

John Ternus, Apple CEO, on cover of Time magazine -- invention of the year.

Time considers Apple's first foldable smartphone, the iPhone Duo, to be one of its Best Inventions of 2026. The feature highlights new Apple CEO John Ternus on the cover and details the engineering behind the device's custom hinge and nanotexture display.
Homeview really surprised the average tech consumer. Won't make much money for the company, but will incrementally add more cash from services.

Coke: KFC switches to Coke (KO). Ends relationship with Pepsi. Stock appreciation over five years:

KO: over five years, up 71%.
PEP: over five years, down 18%.

Banks: today, up significantly. BNY up 2.6% at the open.

Netflix struggling. After ten years is now replacing its content chief hoping to engage viewers.

Chart Of The Day?? We Will See -- Look Where AAPL Is Pre-Market -- October 16, 2026

Locator: 51961SPACEX.

Tag: Apple.

CNBC mentions this in passing. Some analysts have famously recently recommended shorting AAPL. AAPL could gain $7 at the open, and trade, trending, toward $350.

SpaceX: Catch And Re-Release -- October 16, 2026

Locator: 51961SPACEX.

Query:

Apparenlty Elon Musk / SpaceX are building out a huge footprint in southwest Louisiana and will no longer be using Florida to launch (at least on a regularly scheduled basis). To the average viewer, how does SpaceX's proposed footprint in southwest Louisiana (looking to have 12 launch pads eventually) compare to the NASA launch footprint in Florida?

Reply:

So, SpaceX's core philosophy: catch and re-release!

In a lengthy discussion with you some time ago, answering a query I had, you told me how much net profit SpaceX is currently recording per launch. Do you remember that number?

These numbers are amazing. I can't think of many companies that would have a return like this on any one given product. And, according other sources, SpaceX is looking at ten launches / day compared to one every few weeks (months?) right now.