US Navy Must Have Bought Into Global Warming Under Previous Administration -- January 22, 2018

Frozen: along with buying into "peak oil" under the Obama adminstration, it appears the US Navy also bought into global warming, reading all those stories that the Arctic would be forever open water by now. It is being reported that a "brand-new" US Navy warship is trapped in Canada amid cold and ice. According to the US Navy,

“The temperatures in Montreal and throughout the transit area have been colder than normal, and included near-record low temperatures, which created significant and historical conditions in the late December, early January time frame.”

Note: this is the most bizarre thing. The link to the US Navy warship is a good link. I've tested it several times. But when I try to link to it from the blog, I get a dialogue box that says access to that story "on this server is denied." Curious if anyone else is having that same problem. If access is denied, simply google US Navy warship trapped in Canada. 

HAL:

• later: HAL's earnings are so good, they're giving all energy services stocks a boost
• forecast: earnings to soar to 46 cents vs 4 cents a year ago
• in fact: earnings soared to 53 cents, excluding various items

T+2: I don't think I posted it on the blog, but in an e-mail note to a reader, I suggested that states could keep open any national parks, monuments, and museums if they wished. Trump would be very supportive of such action and would, most likely, reimburse the states for costs once the government is back in business. It turns out that Chuck Schumer is doing exactly that: NY state will keep the Statue of Liberty open. I assume we will see a photo op of the senator and some dreamers on Ellis Island, through which thousands of legal immigrants made their way to the US. This is a lot different from the Obama-weaponized shutdown when the president ordered armed guards to keep military veterans from visiting government monuments out in the open with no fences around them. He came across as a very AYM.

Prelude: Angry Young Man, Billy Joel
T+2: after Dow futures being negative overnight and the Dow opening down (slightly), it has now turned the corner, up 23 points. I guess mom-and-pop investors have read Goldman Sachs advice to its millionaire clients.

T+2: IMF revises up global growth forecast helped by Trump tax cuts. Did hell just freeze over? With regard to taxes and growth, one wonders if IMF managing director Christine Lagarde needs to be nominated for the 2018 Geico Rock Award. By the way, it appears the IMF is doing what it can to keep revised growth forecast below 4%. The estimates depend on input/data and analysts can put whatever they want into the formula; clearly it's in the IMF's interests to keep estimates below 4%.

T+3: I did not turn on television / tune into CNBC until just now (10:08 a.m. CT). I see that CNBC continues to try to talk the market down. Good luck with that. I see the Dow is slightly negative. Turning off television now (10:09 a.m. CT).

T+3: radio reports that government may re-open. It came down to this: active duty military or Dreamers? [Update: link here.] If that link doesn't work, try this link. Both are Fox links: the first is a "news" link; the second is a "business" link. Nope, both links are blocked. A Reuters link should work.

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RBN Energy: forward gas prices key to sustaining Haynesville recovery, part 2.