Notes From All Over -- Part 1, July 17, 2019

Boom: oil companies to donate almost $20 million to help open 14 schools in Midland and Odessa by 2025. From Rigzone.  I have yet to hear of even one solar farm / wind farm donating  similar amounts of money to their communities. Or providing that number of permanent jobs that support that many families that need that many schools.

A total of 14 schools will be opened at seven sites across Midland and Odessa by the 2024-25 school year. First will be IDEA Travis Academy and College Prep in partnership with Midland ISD in August of 2020. The following year, IDEA will expand to Odessa

EIA: weekly petroleum report out today -- pending:

API: crude draw yesterday --

• forecast: 2.69 million bbls (note the false precision)
• actual: 1.401 million bbls (the false precision is even worse --- 0.001 million bbls = a thousand bbls

Pipeline sale? ETP considering sale of its 33% interest in the Rover pipeline, the pipeline that carries Appalachian natural gas west to folks in the Midwest. RBN Energy had many, many blogs about the Rover pipeline some years ago. ETP could use the cash to expand footprint in Corpus Christi crude oil export terminal. Rover:

• 713 miles
• 3.25 billion cubic feet per day (550,000 boepd)

BofA to raise dividend 20%. Continue/increase share buybacks.

Railroads: slump due to Chinese trade "war."

Boeing: as predicted -- now the talk is what Boeing will be worth if the MAX 737 never flies again. Boeing survives through its military contracts; will take years (decades?) to recover in the civilian sector.

Health insurance: Congress to vote on the "health care Cadillac tax" to go into effect in 2023. This is now all about "The Squad" -- will be fascinating to watch. This is one vote I may actually follow. I assume the bill will need to be veto-proof if it is to survive.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here.

Not to be outdone, future king of England, on global warming:

• Occasional-Cortex: 12 years
• Beto: 10 years
• Prince Charles: 18 months (his previous prognostication -- 100 months --- that "deadline" came and went; back in 2015, he extended the 100-month tipping point to 35 years; now it's back to 18 months; and, this, folks, is the future king of England. Another doofus.

Whatever:

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The Book Page

I've just completed Valerie Hemingway's Running with the Bulls: My Years with the Hemingways, c. 2004.

The book gets a bit tedious with all the trivia but it's obvious this journalist kept an incredibly good journal during her lifetime.

For hardcore Hemingway fans, it's a must read.

Of all things, Valerie ended up making Bozeman, MT,  her home. Hemingway had four wives. Valerie certainly was not a wife, but her life was certainly as interesting as any of the four Hemingway wives, and in some respects, one might consider her the fifth "wife" in Ernest's life. And because she married one of Hemingway's sons, she was obviously as much of the Hemingway family as any of the others.

Unless I missed it, I was most frustrated not learning why Mary Hemingway (and maybe Ernest) decided that the Kennedy Library in Boston would be the sole recipient of Hemingway's papers. My hunch is it had to do with the fact that President Kennedy interceded personally with getting Mary and Valerie back to Cuba to retrieve his belongings after he died. At that time Americans were not allowed to travel to Cuba. Perhaps that was part of the agreement.