Around The Net; The Permian For $35,000/Acre

It's hard to believe that the "once-moribund" Permian is now worth $35,000/acre.  And folks can still get 161,000 net acres in the Bakken (most of it with no depth restrictions) for less than $5,000/acre.

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How "green" is Tesla, really? Slate is reporting:

So if you’re going to stack a Tesla’s per-mile emissions against those of a gas-powered vehicle, you’ll need to start by looking at the composition of the electrical grid. Nationally, the grid is roughly 40 percent coal, 25 percent natural gas, 20 percent nuclear power, and about 10 percent renewable sources, led by hydroelectricity. So it’s fair to say that your average Tesla is powered in large part by burning fossil fuels.

Yep -- coal-burning cars. But over time, the national grid will move more and more to natural gas, if President O'Bama doesn't screw it up. My hunch is the coal industry will hire John Kerry as their spokesman when he retires; he has a knack at handling "hypotheticals." LOL.

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Apple is now in China. Huge. 700 million users on China Mobile. Those are just current users. Isn't the entire population of the US about 370 million? No, only 314 million. I must have counting all the uninsured. LOL.

Yesterday I could not access MacRumor Forum -- "denial of service" due to too many hits coming in. Today, I see the number of comments for the live blogging yesterday exceeded 1,400 comments, and I assume comments are still coming in. Based on some of the comments, it appears some of the folks missed most of the presentation.

Interestingly, this is the "big story" that investors are missing: Apple is now targeting Asia  -- China and Japan. Based on the comments coming into MacRumor Forum, folks are missing that story. The 5C is all about China and Japan, and I'm not talking cost. I'm talking "four-in-a-row."

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The Houston Chronicle is reporting:

For the first time in 11 years, August came and went without a single hurricane forming in the Atlantic. The last intense hurricane (Category 3 or above) to hit the United States was Hurricane Wilma, in 2005. According to Phil Klotzbach, head of Colorado State University's seasonal hurricane forecast, accumulated cyclone energy is 70 percent below normal this year.

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I think I've been saying this for the past year: the gap between the "haves" and the "have-nots" continues to widen. AP News is reporting:

The gulf between the richest 1 percent and the rest of America is the widest it's been since the Roaring '20s. The very wealthiest Americans earned more than 19 percent of the country's household income last year - their biggest share since 1928, the year before the stock market crash.

And the top 10 percent captured a record 48.2 percent of total earnings last year. U.S. income inequality has been growing for almost three decades. And it grew again last year, according to an analysis of Internal Revenue Service figures dating to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.