Monday, March 13, 2017

Kuwait: First OPEC Nation To Call For Longer Oil Cuts -- March 13, 2017

OPEC is already in trouble with $49 oil. When the US raises interest rates, cost to borrow money for OPEC countries will rise (no link, easy to find).

Kuwait becomes first OPEC nation to call for longer oil cuts -- from Bloomberg.

By the way, see first comment: in February, 2017, Kuwait activated 7 more drilling rigs, going from 52 in January, 2017, to 59, in February, 2017. Something tells me OPEC is keeping a couple of set of books on oil production. The source: http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsintl.

In fact, as long as we are at it, here are the number of active rigs Kuwait has/had according to BHI:
  • February, 2017: 59 -- another huge jump again in rigs in February
  • January, 2017: 52 -- note huge jump in rigs after November announcement
  • December, 2016: 44
  • November, 2016: 47 -- announcement -- OPEC cut
  • October, 2016: 48
  • September, 2016: 48
  • August, 2016: 47
  • March, 2016: 41
  • February, 2016: 43
  • January, 2016: 40 

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The Apple Page

Tech support in the computer sector, from Laptap Mag, via MacRumors: Apple is #1, by a large margin. Microsoft in fourth place; Dell in 6th place; Samsung in 9th of ten places. Look how long folks spent with HP to get their question answered or problem solved (almost half an hour vs six minutes for Apple; even Microsof was over 20 minutes to answer a question/solve a problem):


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The Government Works In Mysterious Ways

I filed our 2015 federal taxes before the April 15th deadline (in 2016), on/about April 10th (I've forgotten the exact date; I could look it up, but not worth the effort).

I received a note from the IRS sometime during the month of August (2016) that I was due a refund (that's another story for another time) "assuming no new taxes were due."

Today, let's see, this is March 13, 2017, we received the refund from the IRS. With a bit of interest. 

Just in time to pay our 2016 income taxes.

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