Harold Hamm (CLR) Q&A: 2014

Don sent me an excellent IBD Q&A with Harold Hamm. The story is here.

My comments back to Don:

• it is interesting how Harold Hamm compares horizontal drilling and fracking. He is probably the world's expert on the subject, and he sees horizontal drilling as the key, fracking as a "distraction" (he used a different word)
• he is also correct about the price of oil with regard to OPEC
• he doesn't want to get into a discussion about federal fracking rules; he's a great negotiator. I learned that in Air War College. Once you enter into a discussion, everything is on the table; everything is negotiable; everything has a price. If one does not want to see federal fracking rules, one doesn't start talking about that possibility. The discussion would open doors
• it was interesting to see where IBD placed CLR in relation to EOG, others
• it's striking to see that CLR accounts for 65% of all Bakken oil production. Error -- see first comment. A reader noted my error. Sixty-five percent of CLR's total production comes from the Bakken (other production, for example, comes from Oklahoma SCOOP).

In case the link is broken: 

Continental, whose stock lifted 53% in 2013, is the sixth largest name in IBD's Oil & Gas-Exploration & Production industry group, after EOG Resources, Anadarko Petroleum, Pioneer Natural Resources, Devon Energy, and Noble Energy.

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 read here.

At the linked story, Harold Hamm mentions that the "land grab" is probably over, and that the industry will see a more stable and orderly drilling environment in 2014. He thinks that some folks got ahead of themselves in projecting American energy independence. He says that the US is still on track to become energy independent along earlier predictions of taking ten years -- now 2020, 2021.

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Apple Mac Pro

Wow, I knew they were good, but I did not know they were this good.

Side-by-side comparison of three top desktop computers -- way more computing power than I will ever need but exactly what professionals are looking at. 

The critics are the best judges -- see the comments.

Apple Mac Pro is priced significantly lower than the other two. I like this comment:

Wait...so if the Apple computer is $700 less it's "competitively priced" but if the PC is $700 less it's "far less expensive?"

That's been my impression for the past 20 years.