Active rigs: 186 (steady)
RBN Energy: the analyst is skeptical of the Sasol-proposed gas-to-liquid projects in Louisiana; huge cost, and relies on wide spread between natural gas and liquids; RBN Energy suspects the spread to narrow.
WSJ Links
Section D (Personal Journal):
Section C (Money & Investing):
- Citi's profit soars as shift pays off. I don't care about Citi, but this echoes all the good earnings reports on CNBC early this a.m. which makes me wonder if the huge sell-off was a huge opportunity for long-term investors.
- Crushed gold bugs mean squashed expectations. The Fed's Pyrrhic victory over gold. Overheard on the street: The fears of inflation has ebbed. But so as any hope for a long-term recovery despite all the stimulus.
- Justices wary on gene patents. Where is the social contract?
- Big spills from aging pipelines. One has to chuckle. When it came right down to it, the Keystone XL was really nothing more than new infrastructure replacing old. All we hear is that the country's infrastructure is crumbling and the government needs to spend more money on infrastructure. When the private sector is willing to spend billions infrastructure, the Dems go wobbly.
- So, the big story in Section B coming out of Korea today? The Korean Missile Crisis? Nope: South Korean retailing gets a new look. So much for the Korean Missile Crisis now that SecState Lurch has agreed to meet one-on-one with North Korea with conditions.
- Yup, here it comes. Blue Cross/Blue Shield will likely increase health care premiums 15% for small businesses. ObamaCare. Cue up Connie Francis.
- High-speed wi-fi: a faster version of Wi-Fi will hit the market this year, giving users the power to download a television show's entire season in less than a minute. I assume the NSA and the IRS already have this ability. Times are a'changin'.
- Front page, the Boston Marathon terror, of course.
- 'Tripwires' can spot would-be bombers. Several story lines in that article, I think. Hey, maybe a background check on those folks buying stuff to make a bomb.
- China's slow growth: less bling, more blah.
- Gold plummets to two-year low. Inflation no longer a fear, but neither is growth likely. The Fed's Pyrrhic victory: see "Heard On The Street."
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