Notes From All Over, Part 2 -- January 6, 2020

Iran: over the weekend I was going to post a note with my 2-cents worth regarding Iran after the US did some bad things to some Iranian generals. After writing the note, I was not satisfied with what I had written so I deleted it. But the good news? A reader directed me to a great op-ed by Victor Davis Hanson in the January 3, 2020, edition of The National Review. It's not yet behind a paywall.

WTI: in the big scheme of things, I find the price of WTI incredibly low considering all that is going on.

Friends in low places: it appears that the only friends Iran has in the west are the Democrats in the US House.  Pelosi moves to limit President Trump's ability to respond to Iranian aggression.

Crude oil: US monthly production, released December 31, 2019 -- data for October, 2019, link here:

• month-over-month (October, 2019 - September, 2019):
• US: +1.4%
• Texas: +1.0%
• North Dakota: +5.0%
• New Mexico: +0.3%
• year-over-year (October, 2019 - October, 2018):
• US: +8.8%
• Texas: +11.6%
• North Dakota: +7.1%
• New Mexico: +26.7%

Atmospheric CO2, link here:

Comments -- the two decimal points:

• false precision
• 0.85 parts per million
• provides more "gravitas"; would you trust the number more if it were simply, 412? probably not; that 411.85 makes it look so much more scientific;