Chesapeake shareholder suit dismissed
Wells that came off the confidential list Wednesday have been posted. KOG has a gusher.
Wells that came off the confidential list Thursday have been reported. OXY USA has quite a well. Oasis had a number of good wells.
Active rigs: 190 (steady, relative high since the intra-boom low)
Jobs report: jobless claims drop an astounding 42,000. Last month's huge rise was simply an anomaly. Happy days are here again. Futures will edge up.
RBN Energy: California crude-by-rail terminals.
Two great economic stories:
- Housing juggernaut seen spurring 500,000 new US workers -- Bloomberg.
- China's March auto sales up 13% -- AP.
WSJ Links
Section D (Personal Journal):
- Smile: It's Thursday in Augusta
- Corn futures rise on corn report. Didn't we just read yesterday corn would be in the doldrums?
- OXY Plus would shake big oil.
- T-Mobile upsets the Apple cart, heard on the street. T-Mobile will require no contract and will sell the iPhone for $100 (full retail, $580). The monthly bill will be an additional $20 until the phone is paid off. Teenagers and low-income folks (and maybe me) will love this. I have to check the data plans and the national coverage. I still prefer my Sprint non-smart phone.
- PC sales in free fall. I saw this report yesterday at an Apple site. It's a huge story. Must read. It is truly amazing how Apple's iPhone and iPad changed everything.
- Obama may sell TVA. Okay.
- I might come back to this. There's a story here. McDonald's tackles 'broken' service.
- Daimler finds luxury blues; European recession hurting Daimler.
- Conoco halts Arctic drilling plans; linked, reported yesterday.
- North Dakota undergoes refining renaissance; reported yesterday;
- How's the Surface doing? Haven't heard, but Microsoft will introduce 7-inch tablet later this year. This would be Microsoft's first tablet unless you consider the Surface a tablet. It isn't.
- Obama makes budget gamble; throws grandma under the bus. No link; story everywhere. Budget proposal DOA. Like most presidential budget proposals.
- Post Office won't end Saturday mail service. Ever.
- Does anyone know if North Korea was able ever to get a missile launched overnight?
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