Tuesday Morning News, Views, And Links

Active rigs: 184

RBN Energy: the challenge of transporting the yellow and black waxy crude oil out of the Uinta Basin.

Futures point to an surging open; oil down slightly. 

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have have read here.

An Oasis press release:

Oasis announced today that, subject to market conditions, it intends to offer $600 million in aggregate principal amount of senior unsecured notes due 2022 in a private placement to eligible purchasers. Oasis intends to use the net proceeds of this offering to fund a portion of the purchase price of its recently announced acquisition of oil and gas properties in West Williston. 

Old Farmer's Almanac:

The other jury is in: A second periodical used for everything from predicting the weather to helping people lose weight agrees that this winter’s shaping up to be cold and snowy.

The Dublin, N.H.-based Old Farmer’s Almanac which, at 222, is believed to be the oldest continuously published periodical in North America, is predicting that a drop in solar activity and a change in ocean patterns point to colder-than-average temperatures and higher-than-average snowfall totals.

WSJ Links

I didn't find much of anything of interest to post. Maybe there was some stuff there but maybe I am just getting more particular in what I post/link, but I doubt it. Just not much there today.

This should be fun to read: the bed Obama and Kerry made, an op-ed. 

So much for John Kerry's "global test," circa 2004.

So much for Barack Obama slamming the Bush administration for dismissing "European reservations about the wisdom and necessity of the Iraq war," circa 2007. So much for belittling foreign leaders who side with the administration as "poodles." So much for the U.N. stamp of legitimacy. So much for the "lie/die" rhyme popular with Democrats when they were accusing George W. Bush of fiddling with the WMD intelligence.

Say what you will about the prospect of a U.S. strike on Syria, it has already performed one useful service: exposing the low dishonesty, the partisan opportunism, the intellectual flabbiness, the two-bit histrionics and the dumb hysteria that was the standard Democratic attack on the Bush administration's diplomatic handling of the war in Iraq.

In politics as in life, you lie in the bed you make. The president and his secretary of state are now lying in theirs. So are we.

It looks like a stare-down between Putin and O'Bama, just like the 1962 Cuban Missile Crisis, but in this case the US blinked. Again, the political theater in the states is just that political theater. The scariest thing for me is a US-Russian Mideast showdown. If we get out of this diplomatically, that will be huge.

Kerry provided the opening. Putin jumped on it. And Michelle gave the "knock-out punch," telling her husband, "no." If this ends well, we have our three Nobel Peace Prize winners for 2014.

On another note, a recurring theme on "the million dollar way" blog is the widening gap between the "haves" and the "have-nots." Regardless of the reason for the widening gap, others are noting it also. In another op-ed piece: the weak recovery explains rising inequality, not vice versa.