What We Will Be Talking About Wednesday -- October 14, 2014

Note: again, in a long post there may be typographical and factual errors. I'll catch them in the morning. I was watching Argo [again] while posting some of this.  

Grinnell oil field has been updated.

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Jim Cramer interviews Harold Hamm, CLR/CEO at this link: http://video.cnbc.com/gallery/?video=3000319887. Huge "thank you" to a reader for alerting me to it.

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The New York Times

Iraq's weapons of mass destruction. Link here.  

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The Wall Street Journal

Global oil glut sends prices plunging. Who in the world would have ever believed we would have seen that headline! Started with the Bakken. Peak oil? What peak oil? Oil prices tumble, posting biggest one-day drop in two years. Overheard: crude consumption.

An awkward byproduct of the declining US inmate population is that states and localities are stuck with empty or under-utilized prisons that must be cared for but can't be easily sold or repurposed. Who in the world would have ever believed we would see this story!

US Supreme Court blocks some Texas abortion restrictions.

Ebola in west Africa, could hit 10,000 / week in two months. [Overnight, there was a second confirmed case of Ebola in Dallas. I wonder who the CDC who will blame this time?]

EU slipping into third recession in six years. How are those sanctions working out? How's that green energy working out? Merkel refuses to listen to ghost of Keynes.

President Obama pointed to some "important successes" after meeting with military leaders from around the world engaged in war against ISIS. This is confusing: Turkey continues its war against the Kurds, not ISIS. Actually, not.

Ireland to close tax loophole.

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 Putting the Bakken Flaring Into Perspective

The link.

ExxonMobil and Shell are emitting more CO2 despite tapping less oil and natural gas. 

For every barrel they pump, the two biggest Western oil companies generated 10% more in greenhouse gases each last year than they did in 2011, according to company data.

“It’s a disturbing trend,” said Sister Patricia Daly, executive director of the Tri-State Coalition for Responsible Investment, a network of investors focused on social and environmental issues.

The rise in emissions reinforces the need for targets on reducing carbon, she said.

The coalition has filed proposals on behalf of Exxon shareholders asking the company to set targets for curbing greenhouse-gas emissions. The latest proposal, in June, received support from 22% of the shareholder vote.

Shell attributed its emissions increase to producing oil and gas that requires more energy to access, as well to lower production in Nigeria because of theft. Shell in its report projected that its direct emissions would rise in coming years “as our business grows and production becomes more energy intensive.” 

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CSX: 3Q14 profit rose 12%.

Daimler generated more cash in the third quarter than expected as the German car and truck maker benefited from strong sales gains and improving profitability at its Mercedes-Benz luxury car business.

Low inflation is exacerbating the problems from slowing global growt,unnerving markets and putting the Federal Reserve in a bind.

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The Los Angeles Times

Apple seeks to reverse slide in iPad sales. Link here. Thursday we will know what Apple has in store. 12:00 CDT.