Thursday, January 30, 2014

Catching Up On Mail Readers Have Sent Me; Fracking Is Good, Get Over It -- President Obama

Henry Waxman to retire from Congress

I haven't had time to look at the market yet today, but Don tells me oil is up another dollar, or thereabouts. This is the longest period of "sustained" high prices for oil. The great news: minimal volatility. The economy can manage "high-priced" oil better than volatility.

Bloomberg reports:
Ford, the maker of the top-selling pickups in the U.S. for the last 37 years, said it plans to increase production by 15 percent at one of its factories building F-Series Super Duty trucks.
Ford plans to boost annual capacity by about 55,000 vehicles at its Kentucky truck plant, Joe Hinrichs, president of the Americas, said today in an interview from the factory with Bloomberg Television. The Dearborn, Michigan-based company said it expects to invest $80 million and add 350 jobs.
“The demand for our F-Series trucks continues to grow” and shows the “underlying the strength of the economy,” Hinrichs said in the interview.
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Facebook: I just looked at the market; another reason to avoid CNBC. Remember all those pundits wringing their hands over the Facebook IPO? I think the IPO was in the $20 range that day. Today, Facebook is surging, up 16%, and solidly over $60. A "stranger" at Starbucks about three weeks ago told me to keep an eye on Facebook. His reasoning: "like us on Facebook" is now ubiquitous. I see "like us on Facebook" more than I see billboards for Coca-Cola.

This is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here.

Netflix, the next big thing: Just out of curiosity, let's see what Netflix and Starbucks are doing? Netflix, up 2% and trading at a new 52-week high. Starbucks up about a percent but $10 off its 52-week high.


NOG: NOG has 187,000 net acres, which represents an increase from previous postings. Minerals in the core Bakken went for $34,000/acre yesterday. NOG has a market cap of less than $900 million.

Under Armour: hits record as shares surge 22%.

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News From All Over

Shocker: from The Washington Post -- In his State of the Union address, President Obama heaped praise on the boom in natural-gas production across the United States. And he made a comment about fracking that triggered some grumbling from green groups. Comment: the link is to The Washington Post; I don't need to read any more. But it looks like the president is throwing the activist environmentalists under the bus.

Gas: from The New York Times -- North Dakota continues to work on plans to reduce flaring.

From under the Geico rock: Forbes is reporting -- fracking fuels an economic boom in North Dakota. Really? Posted in Forbes on January 29, 2014. This just shows me how east-coast centric Big Media is. This story is, like, three years old.

LOL: folks think Bakken oil is explosive. Now the railroads are thinking about transporting liquified natural gas. There are two words in "liquified natural gas" that should concern folks: "liquified" and "gas." The story was in Forbes. Your humor for the day.

My least favorite subject in the Bakken: The Dickinson Press is reporting on a task force for flared gas. I could care less. I couldn't care less. The only thing I like less than the flaring issue in the Bakken, are stories on "task forces."

Executive orders: it appears that President Obama does not have the corner on "executive orders." Looking forward to 2016, Governor Cuomo is starting to issue his own "executive orders." His first executive order this week: instructing his emergency response agencies to review their emergency response procedures. Exactly what the hell are these folks being paid to do in the first place. Talk about a wimp. Memo to self: consider a new blog (only to get sued for copyright infringement): "Diary of a Wimpy Governor."  Maybe to avoid copyright infringements, a better blog: the governor who would be king.  By the way, this is bad news for Donald Trump who is now rumored to be the front-runner for the GOP presidential nominee -- he can't issue "executive orders." As a CEO, he is pretty much limited to "memos."

The Bakken Shale Discussion Group

I have to chuckle. The "original" Bakken Shale Discussion Group had a rule about political comments but was unable to control such comments. The "new and improved" Bakken Shale Discussion Group has no such rules (LOL) and gets no political comments. And if it does, the comments would not be published anyway.

The Video
Pater Patriae

Let's see, what video for the day? Oh, this is perfect. In keeping with the 50th anniversary of the Beatles, "print his face on a coin and proclaim him the dictator for life." Veni, vidi, vici.

The triumvirate -- Obama, Holder, and Axelrod.

O's Cleopatra: Helle Thorning-Schmidt (google "Obama's Danish Babe"). The ultimate selfie.

Julius Caear, Besame Mucho, The Beatles, The History Teachers


By the way, Latin is a "dead" language; it is only written and read. It is not spoken. No one can know how the Caesar Romans "spoke." So I truly appreciate how Amy (Burvall) pronounces "ides." She is brilliant. I wonder if she's a Harvard University grad. She teaches in Hawaii. On the big island, as they say.

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