Notes From All Over, Part 6 -- October 28, 2019

AYKM: Miami (0-6) vs Pittsburgh Steelers (2-4) tonight? MNF?  

Abu Bakr Baghdadi: this is simply another win for the president.

For a disorganized, chaotic White House, it is amazing all the things the president has accomplished, and all agree this is the most harassed president in modern times. LBJ and Jimmy Carter were driven from office, but I don't think anyone would say they were more harassed than Trump. I'm also impressed that there were no leaks. Other dots to connect make this whole Baghdadi operation even more interesting. So much could be written but we will leave it there. By the way: quick! Name the six general officers and four civilian bureaucrats taking credit for this operation. To be truthful, I can't even name the SecDef, much less the Chairman of the Joint Chiefs of Staff. And now that John Bolton is gone, I can't even name the national security advisor. Special Ops commander? Who was piloting the lead helicopter? What was the name of the injured dog? Why did the president mention the "dog" and not the "canine"?

Geico Rock Award: Regular readers know that I announce an annual Geico Rock Award. I do not have a similar award for those financial analysts or writers whose assessments are affected by Trump Derangement Syndrome (see Brian Sozzi below). I don't plan on adding a new award category but it sure is tempting. 

For newbies: I've just linked this August 3, 2019, post at the sidebar at the right as a highlight post. Right, wrong, or indifferent, it's a great post. Even if I say so myself. LOL.

Market: huge day. S&P 500 hit an intra-day all-time record; closes aat an all-time record.

For the first time ever, companies missing EPS are surging by the most on record -- zerohedge. It's called "easy money." I've talked about this often. Yahoo!Finance business writer, Brian Sozzi, still doesn't get it; also, suffers from TDS; Brian needs to read this CNBC note to get back up to speed; strong earnings, progress on trade deals; Fed meeting tomorrow; for the market, it's all timing, timing, timing; for the real estate market, it's all location, location, location.

After-hours, did they hold?

• AAPL; holds; up 9 cents
• EW: doesn't hold; up 4% at the close; down 1.4% after hours;
• T: up 4.3% at the close; flat after the close
• AMZN: up $16 today (about a percent); down less than $2 after hours;
• FB: up during the day; up after hours
• GOOG: up $25 during the day; down $15 after hours
• NFLIX: up $5 at the close; down 30 cents after hours

Boeing: increasing doubts that 737 MAX will ever fly. Right now, it seems, analysts only focused on cost to Boeing of delayed re-introduction. At some point, the lawsuits from airlines begin. Can Boeing declare a force majeure? 

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

Must-read article: electricity, coal, natural gas, and the internet. A must-read. I would like to see the amount of "internet-electricity" compared with "bitcoin-electricity." Bitcoin mining uses huge amount of electricity.

Clearing out my in-box:

• JP Morgan prepares for next recession by shifting jobs from NYC to Texas; link here; comments later;
• Permian pipeline -- EPIC Crude Oil Pipeline -- launches another open season -- Rigzone -- dated October 28, 2019 -- I don't know if this is old news / previously reported / new news; things happening so fast; will come back to it later; 
• Another pipeline -- Enterprise -- EPD -- third Midland-to-ECHO oil expansion by 3Q20; again, can't keep up; old news / previously reported / new news? I don't know; I will come back to this later;
• Christmas stocking stuffer: $249 Apple AirPods Pro; can you imagine the margins on these? earlier I said I would not be getting a pair; re-thinking this;
• the Khashoggi overhang; The WSJ; 

EIA's driling productivity report: link here. Portions previously posted.

• DUCs:

• New well oil production:

• Bakken: 1,500 bopd
• Permian: 800 bopd

Reason #1 Why I Love To Blog -- Feedback From Readers -- Wow! -- October 28, 2019

Updates

October 29, 2019:

• David Gelernter's article in Claremont Review of Books, "Giving Up Darwin."
• Interestingly, all three men in the panel below were mentioned in the article above.  

Original Post

 I never expected this; I never would have found this on my own. But a reader, in response to my inarticulate rambling on evolution earlier this morning sent me this link.


The video lasts an hour so it will be awhile for me to get through it but I expect it to be good:

• it was produced July 22, 2019 (or thereabouts), so it is very, very current; and, 
• the panel included "Gelernter" in the interview, a deep thinker who has "flipped"

We'll see.

Later: I have only watched the first ten minutes of the video; enjoying it very much. Watching it slowly to absorb all of it. I'm disappointed in the interviewer. Seems to be out of his depth.

David Gelernter. I've talked about him before. It was purely happenstance I saw the Gelernter article last month.

I'll come back to this later, but I want to get this posted right away. More later.

[I can't listen to this and blog at the same time so I will have to listen to it later when I can give it my full attention.]

********************************

Later

The three men in the panel above, except David Gelernter who I happened to come across only recently, were completely unknown to me until today. I knew enough of Gelernter  to not spend more time on his bio at this time, but I wanted to learn more about the other two.

The man on the far left is Stephen Meyer, Director of the Center for Science and Culture, at the Discovery Institute:

David Meyer, March, 2019
The gentleman in the middle: David Berlinski, philosopher, mathematician, wiki entry here. This is also the first time I've "met" him. He is also associated with the Center for Science and Culture, Dallas, TX.

Discovery Institute’s Center for Science and Culture.

********************************

Comments

I was surprised by the time frame of the Cambrian explosion. Original estimates: Cambrian explosion lasted 70 million years. Apparently that is being shrunk to 10 million years. The "meme" remains, 70 million years, or perhaps more commonly, 50 - 60 million years, but I am able to find sources suggesting ten million years. The definitions are important here. It's possible the geologic seam is 70 million years thick but the actual explosion within that geologic time frame could have been 10 million years. Like most things in biology, the "explosion" could have been an S-shaped curve.See See abstract at this link.

An explosive episode of biological diversification occurred near the beginning of the Cambrian period. Evolutionary rates in the Cambrian have been difficult to quantify accurately because of a lack of high-precision ages.

Currently, uranium-lead zircon geochronology is the most powerful method for dating rocks of Cambrian age. Uranium-lead zircon data from lower Cambrian rocks located in northeast Siberia indicate that the Cambrian period began ∼544 million years ago and that its oldest (Manykaian) stage lasted no less than 10 million years.

Other data indicate that the Tommotian and Atdabanian stages together lasted only 5 to 10 million years. The resulting compression of Early Cambrian time accentuates the rapidity of both the faunal diversification and subsequent Cambrian turnover.

Back Up To 59 Active Rigs; WPX With Three New Permits -- October 28, 2019

Active rigs;

$55.82	10/28/2019	10/28/2018	10/28/2017	10/28/2016	10/28/2015
Active Rigs	59	67	53	34	69

Three new permits, #37133 - #37135, inclusive:

• Operator: WPX
• Field: Squaw Creek (McKenzie)
• Comments: 
• Hess has permits for a 3-well Nokota pad in Squaw Creek, lot 10, section 1-149-95

Eleven producing wells (DUCs) reported as completed:

• 36019, 1,616, WPX, Bison 27-34HX, Squaw Creek, t10/19; cum --; (#24163)
  
• 36017, 2,413, WPX, Bison 27-34HW, Squaw Creek, t10/19; cum --;
• 36016, 2,951, WPX, Bison 27-34HEL, Squaw Creek, t10/19; cum --;
• 36018, 2,952, WPX,  27-34HA, Squaw Creek, t10/19; cum --;
• 23937, 759, XTO, FBIR Yellowwolf 21X-20F, Heart Butte, t8/19; cum --;
• 23941, 516, XTO, FBIR Ironwoman 21X-10A, Heart Butte, t9/19; cum --;
• 34886, 497, XTO, FBIR Ironwoman 21X-10XAD, Heart Butte, t9/19; cum --;
• 34885, 508,  XTO, FBIR Ironwomen 21X-10B, Heart Butte, t9/19; cum --;
• 23939, 371, XTO,  FBIR Ironwoman 21X-10E, Heart Butte, t9/19; cum --;
• 23940, 244, XTO,  FBIR Ironwoman 21X-10F, Heart Butte, t9/19; cum --;
• 23938, 583, XTO,  FBIR Ironwoman 21X-10A, Heart Butte, t8/19; cum --;

Notes From All Over, Part 5 -- October 28, 2019

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

Notes From All Over, Part 4 -- October 28, 2019

Note: there is nothing in this post about the Bakken. If interested in new Bakken material, of which there is much, scroll down and/or check out the sidebar at the right. 

Travel: If I did not have 24/7 driving responsibilities for the three granddaughters, high on my list of travel sites would be south Florida. I would love to fly in to Miami, rent a car, and drive to Naples, FL, and then backtrack to Key West. It's the "shoulder season" for travel, and coming to the end of
hurricane season, or is it, "him-acane" season?

I have no idea the veracity of this story but if it's even half true, I would love to visit a Brooks Burgers restaurant. Some people make a lifelong commitment to visit every Starbucks; my quest would be somewhat more doable: to visit every Brooks Burgers restaurant.

Today, Todd Brooks is a success. He’s the owner of Brooks Gourmet Burgers & Dogs, a restaurant that brings in millions and is ranked the No. 2 burger joint in America by TripAdvisor.

From 2018, the top ten burger joints as surveyed by TripAdvisor:

1. Al's Burger Shack, Chapel Hill, NC
2. Brooks Gourmet Burgers & Dogs, Naples, FL
3. Honest Abe's Burgers & Freedom, Lincoln, NE
4. Grumps Burgers, Granbury, TX
5. Slabtown Café and Burgers, Traverse City, MI
6. Burger Republic, Nashville, TN
7. Pearl's Deluxe Burgers, San Francisco, CA
8. Back Door Grill, Steamboat Springs, CO
9. MacPhail's Burgers: Jackson, WY
10. The Burger Dive, Billings, MT

From the last one, the one in Billings, MT:

• with no prior restaurant experience, avid griller and self-taught chef Brad Halsten opened The Burger Dive in 2010
• today, the restaurant continues to pay homage to the classic drive-ins and diners, while simultaneously delivering innovative, high-quality burgers
• signature burger: "I'm Your Huckleberry" 1/3 pound Angus burger covered with Huckleberry Hatch chili barbecue sauce, bacon, goat cheese, roasted red pepper mayo, arugula and served on a Grains of Montana bun 
• What TripAdvisor diners say: "Let's just say these burgers are mouthwatering goodness. Such amazing seasoning flavors, very juicy and they offer so many yummy toppings!" 

Granbury, TX?

By the way, according to Yelp! the best restaurant for pie in our immediate area, is in Hico, TX. Arianna and I have eaten there, on our way home from a water polo tournament in San Antonio, TX.  Yelp! link here. Koffee Kup link here. It appears we could have a hamburger in Granbury and then dessert in Hico.

**********************************

Science

In the most recent issue of the weekend edition of The Wall Street Journal, John Horgan had a nice essay and review of two recent books on multiple universes, or the "multiverse" theory. 

The penultimate paragraph:

But I'm less entertained by multiverse theories than I once was, for a couple of reasons. 

First, science is in a slump, for reasons both internal and external. Science is ill-served when prominent thinkers tout ideas that can never be tested and hence are, sorry, unscientific. 

Moreover, at a time when our world, the real world, faces serious problems, dwelling on multiverses strikes me as escapism -- akin to billionaires fantasizing about colonizing Mars. Shouldn't scientists do something more productive with their time?

**********************************

OBIT Headlines -- The Washington Post -- Twitter

Just some of the many; list will grow longer. Three of the following were my contributions:

• Adolph Hitler, dedicated art enthusiast, animal rights activist, and talented orator, dies at 56. 
• Nathuram Godse, eloquent defender of majority rights, passes away in suspended animation at 39. 
• Osama bin Laden, proud father of 23 kids and husband of 5, peace activist inspired by Gandhi, staunch climate activist, innocent child who had Tom & Jerry and cute cat videos on his laptop, dies at 54.
• Lee Harvey Oswald, hunting accident, dead at 24. 
• Jack Ruby, Dallas, TX, man-about-town, dead at 55.
• Leon Czolgosz, farmer and iron mill worker; quiet scholar, dies at age 28.
• Jeffrey Dahmer, connoisseur of exotica and locally sourced meats, dies at 34. 
• Hannibal Lecter, well-known forensic psychiatrist and food connoisseur dead at 81 .
• World-renowned foodie and chicken curry lover Raman Raghav dies at 66. 
• Gabbar Singh: Robin Hood for the poor, rifle shooting champion in 600-meter and moving-target events, roast meat and dance enthusiast, loved the colourful festival of Holi, died of severe arm injuries at age 48.
• Osama Bin Laden, a noted civil engineer, public administrator, psychiatrist who mastered the art of brainwashing and also worked as an air traffic controller who tried his best to prevent 9/11; dies at 54. 
• Jeffrey Epstein, mentor to young girls, hosted gatherings on private tropical island, dead at 66.
• Jeffry Dahmer, eccentric gourmand, dead at 34. 
• Pablo Escobar, pharmaceutical sales rep, local politician, and loving father and husband, dead at 44. 
• Wile E. Coyote, entrepreneur, gravitational addict, avid bird, dies episodically.
• Charles Manson, charismatic life coach, passes away after long illness.
• Ted Bundy, noted ladies' man and women's rights activist, found dead in chair. 
• Robert Johnson, lost soul, disappeared at age 27.

Oldest Well (?) In North Dakota Reports A Very, Very Nice IP -- Considering -- October 28, 2019

I could be wrong, but I think this is one of the oldest "test dates" I have ever seen for any well in North Dakota -- and it's a Bakken well! Whoo-hoo!

Tested back on April Fool's Day, 1931, it had a great IP: 2,171.

But after 88 years of production this well has produced less than 100,000 bbls of oil.

The well:

• 35798, 2,171, Whiting, Link 31-14HU, Foreman Butte, t4/19 (although the scout ticket has the test date as 4/1/1931 -- which of course would be April Fool's Day, 1931 -- ; cum 72K 8/19;

Screen shot from the NDIC site:

For newbies: this is a  little bit of humor. Obviously this was a typographical error. According to a sundry form for this well, the test date for this well was reported to be 4/8/2019, with 35 stages, 6.0 million lbs of sand.

If I recall correctly, "legend" has it that oil was first discovered in North Dakota in 1951, although many wells were drilled before then. Permit #25 is for the famous Clarence Iverson No 1 "discovery well." Meanwhile, NDIC permit #1:

1, dry, Des Lacs Western Oil Co., Blum 1, wildcat/Cretaceous pool. From the company's report at the time:

"The first oil to be discovered in this State was encountered in a shallow well on the A. F. Blum farm, situated in Section 9, Township 155, Range 83, Ward County, North Dakota, in October, 1916. After making tests from this well at the depth of 234 feet the Des Lacs Western Oil Compnay was formed and charterd (at the capitalization of 275,000 shares) under the Laws of the State of North Dakota. "Stock is non-assessable".

A second well was then drilled and oil was again encountered at 243 feet. The encountering of the sand rock at a lower level and also the finding of oil in the second well let us to believe that we were located on an oil structure and before spending any more money for tests it was agreed to have our field checked by one or more competent Civil Engineers or Oil Geologists.

As opposed, to say, "incompetent civil engineers."

No production data is shown at the NDIC site for this well, but it appears that the well eventually went on to produce around 72,000 bbls of oil, though the scout ticket says the well was "dry."

The location described above is near Burlington, ND, a bit west of Minot, ND.

Off The Net For Awhile -- Uber-Granddaughter Driving Begins For The Day

Break-even costs in the Bakken.

Saudi Arabia? $85, per IMF, via twitter:

Notes From All Over, Part 3 -- October 28, 2019

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

Futures: moving up all night. Pretty much flat early in the evening, Sunday night, then about 40 - 50 points on the upside at 4:00 a.m. CT this morning. Then 50 points on the upside when NYC commuters were starting to commute, and now ... wow, look at this ... Dow futures up 91 points.

First thing to check: Boeing -- that will either drag the Dow down or pull it up. And here it is, Boeing is slightly green in pre-market trading. A great omen.

Others:

• Of course the buzz today will be all about Tiffany.
• AAPL? up slightly, but it's had such an incredible run ...
• The one that concerns me the most: SRE. Too big to fail, but that was also true of PCG and PCG is failing. I find it somewhat trivial that the governor of California would be talking about Warren Buffett buying PCG when tens of thousands of Californians may lose their homes; hundreds of thousands are being evacuated from their homes; and, millions of Californians are off the grid for up to a week.  
• Can you spell Generac? A year ago, GNRC at $50/share; today, will open above $91/share.

Back to PCG. Mass blackouts ...  a little bit of history:

• Wired, October 10, 2019
• California Globe, June 10, 2019

PCG: can a stock go to zero?

• 2017: $70/share
• one year ago: $48/share
• Friday, last: $5.0000 after falling $2.2000 (a 30% drop) -- you know a company is in trouble when its shrs are priced out to the fourth decimal point
• pre-market today: down another 26% to $3.6800
• my hunch: California pension agency (CaPERS) had significant holdings in PCG at one time; would love to see an LA Times story on this; how fast CalPERS got out of PCG;
• current holdings, back to 2016 - 2017
• Pacific Gas & Electric: not among CalPERS top ten holdings, but at $77 million last year, a sizeable holding -- but dropping fast; for 2017 - 2018 report, their PCG shares were valued at $42; today they are valued at $3. If CalPERs has not sold, their paper value of $77 million last year is about $5 million now
• that was equity; CalPERS also held a lot of PCG corporate bonds
• disclaimer: I often make simple arithmetic mistakes

LAX: starting tomorrow, Uber and Lyft are banned from curbside pick ups.

Favorite non-US newspapers:

• Daily Mail Online; of all the things going on in the world, top story -- Trump booed at World Series.
• The [London] Telegraph: top story -- Brexit ... another extension
• The [London] Guardian/US -- top story -- "doubts emerge over Trump's dramatic account of Baghdadi raid"

Of the four, Daily Mail might be the most graphically entertaining, rewarding, interesting. And it has all that "Hollywood" stuff to boot.

Minnie Mouse With Rosy Cheeks -- Notes From All Over, Part 2 -- October 28, 2019

Note: there is nothing here about the Bakken. This is not meant for anyone to read. I got off on a tangent. So, please skip this page and move on. 

Apple earnings: should report on Halloween, October 31, 2019, 12:00 a.m. EST.

• history, earnings: 
• one year ago: $2.78
• consensus, this year: $.284
• history, share price:
• one year ago: $222
• January 3, 2019: $142 
• today: around $246
• headline over at MarketWatch: "Apple earnings: iPhone optimism hasn't changed Apple's downward trajectory. Despite a recent stock rally, estimates suggest Apple's full-year profit and sales will decline for only the second time since 2001."
• already iconic: I don't know if folks have noticed but the following image is getting more exposure than the Apple logo -- I see it everywhere -- Mickey Mouse with rosy cheeks, or is it, Minnie Mouse with rosy cheeks?

Science: for the third time I'm reading And Then There Was Life: The Plausibility Of Life: Resolving Darwin's Dilemma, Marc W. Kirschner and John C. Gerhart, c. 2005. The title was quite misleading and I was disappointed with the book the first time I slogged through it ... I don't think I ever finished it the first time -- about a year ago. I picked it up a few weeks ago and read it more seriously. I still think the title is misleading but the book is much, much better than I first realized. But, wow, it's hard to read. The subject matter is not difficult; it just seems the Harvard professor and the Yale professor who wrote it are not very good at writing. It turns out there is a whole wiki page devoted to this book; that wiki page has been incredibly helpful.

No words to describe it. In the history of life, there are two huge jumps. The second jump is from the first cell to where we are now. There are no words to describe how far "we" have come in three billion years.

• four, maybe five billion years ago: God created Earth
• three billion years ago: the universal ancestor arose; split into two lineages -- eubacteria (the "true" bacteria) and the archaebacteria (ancient, extremophiles)
• two billion years ago: archaebacteria split into two lineages -- the eukaryote (us) and the modern archaebacteria (extant, ancient, extremophiles)
• so one and a half to two billion years ago, a huge evolutionary shift when ancient archaebacteria split into modern extremophiles and eukaryotes
• as incredible as that second jump was -- and I can find no words to describe it -- the first jump was exponentially many times greater: from inanimate rock to life itself
• I find the jump from rock to DNA-RNA-protein-phenotype so incredible, I often panic thinking about the odds
• there are two things that can lead me to "panic" once I really start thinking about them: how life began in the first place -- as just mentioned -- and the fact that it appears that the Earth is the only place in the universe where life as we know it exists -- which I have talked about before

The third unknown:why we are here. Richard Dawkins says we are what we are simply due to the "selfish gene." If that's all there is -- if that's it -- a "selfish gene" -- the whole "life" thing seems pretty inconsequential. Which seems to explain why human beings seem pre-wired to "believe" in a Higher Being."

Wow, how did I get here? Waiting for daylight and for the market to open.

Oh, that's right ... I was going to mention William Bateson and then got side-tracked. In the Plausibility of Life book, the authors give a few pages to William Bateson who they consider one of the greatest, if not the greatest, biologists ever. I was curious about his bio. It turns out, of all things, that he was born in Whitby, Yorkshire, England.

....(born August 8, 1861, Whitby, Yorkshire, England—died February 8, 1926, London), British biologist who founded and named the science of genetics and whose experiments provided evidence basic to the modern understanding of heredity. A dedicated evolutionist, he cited embryo studies to support his contention in 1885 that chordates evolved from primitive echinoderms, a view later widely accepted. In 1894 he published his conclusion that evolution could not occur through a continuous variation of species, since distinct features often appeared or disappeared suddenly in plants and animals.

Realizing that discontinuous variation could be understood only after something was known about the inheritance of traits, Bateson began work on the experimental breeding of plants and animals. In 1900 he discovered an article written by Gregor Mendel, an Austrian monk, 34 years earlier. The paper, found in the same year by botanists Hugo de Vries, Carl Correns, and Erich Tschermak von Seysenegg, dealt with the appearance of certain features in successive generations of garden peas.

Bateson noted that his breeding results were explained perfectly by Mendel’s paper and that the monk had succinctly described the transmission of elements governing heritable traits in his plants.

All of that for one point: he was born in Whitby.  Whitby, of course, is known for its connection with Bram Stoker and Dracula. I once walked the coastline from Robin Hood Bay to Whitby. It took about six hours to walk that distance; the return trip, walking inland on the asphalt road, took about an hour to get back to the car.

Bateson:

• born 1861: about the time of the US Civil War
• published his theories around 1900
• Einstein's theories, 1904
• WWI: 1916 or thereabouts
• 1926: Bateson dies 

Quick: who coined the word, "genetics"? Yup, William Bateson -- in 1891. Watson and Crick were publishing about 1951.  Genetics: "study of heredity."

The Bakken Just Looks Better And Better -- Permian Natural Gas Gets Crushed Again -- RBN Energy -- October 28, 2019

EIA's driling productivity report: link here. Portions previously posted.

• DUCs:

• New well oil production:

• Bakken: 1,500 bopd
• Permian: 800 bopd

  
Active rigs:

$56.45	10/28/2019	10/28/2018	10/28/2017	10/28/2016	10/28/2015
Active Rigs	57	67	53	34	69

Wells reporting this weekend, Monday:  

Monday, October 28, 2019: 90 for the month; 90 for the quarter:

• 33027, 2,880, CLR, Hereford Federal 12-17H2, Elm Treek, t9/19; cum --;

Sunday, October 27, 2019: 89 for the month; 89 for the quarter:

• 36298, SI/NC, Newfield, Schneiderman 15-99-29-32-5H, South Tobacco Garden, no production data,
• 35207, 713, Whiting, Molien 21-14-2TFH, Tyrone, t5/19; cum 59K 8/19;
• 35053, 1,632, CLR, Collison 13-23HSL, Avoca, t5/19; cum 117K 8/19; 42K in the month of June, 2019;

Saturday, October 26, 2019: 86 for the month; 86 for the quarter:

• 35798, 2,171, Whiting, Link 31-14HU, Foreman Butte, t4/19 (although the scout ticket as the test date as 4/1/1931 -- which of course would be April Fool's Day, 1931 -- ; cum 72K 8/19;

RBN Energy: Permian natural gas prices get crushed ... again.

If it’s not one thing, it’s another in the Permian natural gas market. Just as it appeared that prices in the West Texas basin were finally turning a corner and strengthening with the full start-up of Kinder Morgan’s Gulf Coast Express Pipeline (GCX) late last month, various issues have again conspired to send daily Permian cash prices back down to near zero yet again. And it’s not just the daily spot markets that have come under pressure; forward prices were also severely discounted a few days ago when Kinder Morgan announced that the in-service date of its next long-haul pipeline from the region — the Permian Highway Pipeline project — would be delayed from late 2020 to early 2021. Keeping track of the roller-coaster ride of Permian gas prices and the drivers behind the highs and lows continues to keep heads spinning. Today, we explain the latest wild moves in the Permian natural gas market.

Monday Morning, Notes From All Over, Part 1 -- October 28, 2019

First things first: Tiger Woods ties all-time record. From the LA Times:

Tiger Woods won the Zozo Championship to tie Sam Snead's PGA Tour record of 82 victories. The 43-year-old American played the final seven holes Monday in the rain-hit tournament, completing a three-under-par 67 to beat local favorite Hideki Matsuyama by three strokes at Accordia Golf Narashino Country Club. Sam Snead was 52 years old when he won his last PGA tournament; as noted, Tiger Woods is 43.

First things first: TIF.

World Series: 3 - 2.

Trump - 1; ISIS - 0: WaPo steals headline from The Onion. 

Painting. Link here.

Word for the day: diptych.

Amazon: truly amazing. Last night my wife was looking for a charging cable or one of her devices. I had one within a minute -- in my backpack -- but I thought, why not an extra cable -- "just in case." And there you have. Three clicks -- Amazon -- last night -- and it will arrive today. I received a noted from Jeff Bezos --well, not from him personally but from someone at Amazon -- that the product had shipped -- I got the "shipping" note about two hours after putting in the order.