T+63 -- OPEC Cuts Won't Move The Needle -- January 8, 2019

They're reading the blog. On January 8, 2019, I wrote:

More nonsense, from Bloomberg. A great headline but half-a-million bopd won't even come close to making a dent. Saudi Arabia is in deep trouble. Over at oilprice, "oil prices rise as Saudi exports plummet."

Today, in the Financial Times, this headline: OPEC's usual cut gambit is unlikely to move the needle. Saudi Arabia needs to trim quality not just volume in order to balance markets. 

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Non-Bakken Stories

Blow-out: and we're not talking in the oil patch but out in Santa Clara, CA. Alabama scores two touchdowns in the first quarter and not one more TD in the entire game. Clemson calls it a game after three quarters; both teams quit playing in the fourth quarter. A lot of folks lost a lot of money; a few won huge jackpots: the odds were on Alabama to win by 5.5 points, and the over/under number was 57 points total for the entire game. In fact, 60 points scored -- most of them belonging to Clemson. 44-16. 

Beto; it turns out he's a flake, too. The WSJ had an article on him yesterday, and the comments suggest that outside of California he's a disaster. I was unaware that he is a three-self-admitted felon and  has done time for burglary. My wife tells me there is more to the store regarding jail time/burglary. One word: Kavanaugh.

"Lara's Theme" from wiki: 

Initially David Lean had desired to use a well-known Russian song but could not locate the rights to it, and delegated responsibility to Maurice Jarre.

On the soundtrack album for Zhivago, there is no one track listed as "Lara's Theme."

A variation of the piece appears in numerous sections, however.

Some tracks briefly cite it, while others are composed entirely from the motif. The orchestration is varied, most notably with balalaika and orchestra.

One of the main reasons the theme is featured in so many tracks is that Lean had hired an impromptu balalaika orchestra from several Russian Orthodox Churches in Los Angeles; the musicians could only learn 16 bars of music at a time, and could not read written music.