RBN Energy: another must-read article for those following the Bakken. I will have to read it later; I'm traveling and pressed for time.
With Brent premiums hovering close to $10/Bbl versus West Texas Intermediate (WTI) crude in the past month, the netbacks for Bakken producers shipping crude by rail to the East or West Coast are higher than they are for pipeline movements to Cushing or the Gulf Coast. Netbacks represent the crude price at the destination less transportation costs back to the wellhead. Today we show how the market destinations with the highest netbacks have reversed since July.For investors, huge implications, but remember, this is not an investment site. I post these stories because it helps me understand the Bakken better and puts the Bakken into perspective. Do not make investment decisions based on what you read here or what you think you may have read here.
The Wall Street Journal
President Obama will now let the Senate write the rules for the NSA. Senator Feinstein will take the lead. This should be fun.
Finally, a story on Syria: "Syria weapons inspections hit snag." Oh, really. Who wudda thought?
Apple: Apple reported a third consecutive quarter of declining profits, but showed signs that both prices and profit margins are stabilizing despite heightened competition for its iPhone and iPad.
Burger King: Burger King's third-quarter earnings soared as the fast-food chain posted significantly fewer operating expenses and as same-store sales increased in its international regions.