Monday, June 1, 2026

This Needs To Be Verified -- Bernie Sanders Wants In On Anthropic And OpenAI -- June 1, 2026

Locator: 50893TECH. 

From Polymarket today: Bernie Sanders proposes the government take 50% of OpenAI & Anthropic to give the public a “direct ownership stake.” 

Maybe add shares directly to Trump's "children accounts." 

This Didn't Age Well -- Published At 10:00 A.M. ET -- One Hour Later, Completely Reversed Course -- June 1, 2026

Locator: 50892WTI. 


 

Flashback: 1965 - 1968 -- Posted June 1, 2026

Locator: 50891ARCHIVES. 

The Beatles:

The race riots:

The Vietnam War:


CCR, John Foga\erty:

 Tech innovation:


Tamla Motown:

The pill:

a

Cramer's First Hour -- June 1, 2026

Locator: 50890LDC. 

During the hour, this became the top story though feebly reported: Iran unilaterally discontinues negotiations. Will support US in total strait blockade. 

This is top story at 0800, Monday, June 1, 2026: David Faber out in Michigan, Stargate, Oracle.

The location
:

Microcosm of the AI revolution: key spokesman on the project -- Related Digital.

Big, Big Weekend -- This Next Week Looks Interesting -- June 1, 2026

Locator: 50889B. 

Sports

  • PGA: Cole loses to Henley at first hole, playoff. Henley birdied that playoff hole. Four birdies in a row at the end, including the playoff hole.
  • NASCAR: Hamlin, wins in a really, really good car; "Man, what an unbelievable day -- starting first, going to last, and back to first." -- Hamlin

Anticipation:

Boom: SoftBank says AI revolution 50x bigger than the dotcom boom.

MU: at the open, MU likely to surge through 1,000. Will easily hit new 52-week high.

AAPL: in futures, down due to Dell news and NVDA news -- both taking on AAPL in laptops.

  • Nvidia news will hurt Dell more than it will hurt Apple (over time, at least a year);
  • at end of day, Nvidia will simply complicate choices for consumer 
  • perhaps Nvidia will cause major problem for QCOM 

IBM: in futures, likely to hit 52-week high. 

BRK: new acquisition hasn't excited investors; looks like another losing day for BRK. 

*********************************
Back to the Bakken
 

WTI: $90.68. Up $3.32 on news that the US struck military sites in Iran over the weekend and Trump is in no hurry to sign MOU with Iran.

New wells reporting

  • Tuesday, June 2, 2026: 1 for the month, 157 for the quarter, 314 for the year, 
    • None.
  • Monday, June 1, 2026: 1 for the month, 157 for the quarter, 314 for the year, 
    • 41494, conf, Hess, BW-Wilson-149-99-3625H-3, 
  • Sunday, May 31, 2026: 56 for the month, 156 for the quarter, 313 for the year, 
    • None. 
  • Saturday, May 30, 2026: 56 for the month, 156 for the quarter, 313 for the year, 
    • 26545, conf, Devon Energy, Skaar 150-99-15-22-2H,

RBN Energy: the critical midstream step that can make or break a pipeline project. Link here. Archived.

One of the most discussed and often misunderstood aspects of the midstream world is the pipeline open season. At the most basic level, it is how pipeline developers go out to the market to test shipper interest and lock in commercial commitments for new projects and can effectively determine whether a project will get built — or not. The open season approach can also be used (in fact it’s required for interstate pipelines) to auction existing pipeline capacity or to give existing shippers an opportunity to turn back capacity, but most of the time the term refers to new pipeline projects. In today’s RBN blog, we’ll discuss the basics of open seasons.

This is the first in a three-part series on open seasons — how they work, why they matter, and what you need to watch in them. Today, we’re going to keep it at a high level and stick to what they are and how they’re conducted. In Part 2, we’ll zero in on natural gas pipelines and storage, including how open seasons for them tie into precedent agreements and certificate proceedings. Part 3 will dig into crude oil, refined product and NGL pipelines, where life as a common carrier with factors like proration, committed versus uncommitted service, and contract terms interact with the need for open seasons.

A Pipeline Under Construction. Source: Center for Public Utilities at New Mexico State University