Free Verse, Couplets, And Quatrains From All Over -- May 4, 2021

Covid-19:

• active cases in North Dakota have dropped below 1,000, only the second time since late March (what year?); but,
• vaccinations have plateaued;

Deer hunting season:

• ND will make 72,200 deer hunting licenses available;
• sixth consecutive year of an increase
• greatest number of licenses in ten years
• global warming --> lots of food --> less loss during winter.

Intellectual Froglegs:

• Joe Dan Gorman hopes to have a new episode up this weekend;
• reminds us how incredible the former president really was .. as president.

New metric:

• boepd / net mineral acre; quick snapshot in time:
• OAS Bakken: 0.15
• CLR Bakken: 0.18
• [? operator] Permian: 0.30

OAS: buys FANG's QEP assets in the Bakken

• today: looks way over-priced;
• six months from now: great deal for everyone;

Corn:

• hits $7 / bushel for first time since 2013 on supply worry;
• can that be considered inflation when it hasn't hit this level in eight years; inflation, catching up, or simply transitory supply and demand?
  

Pop(corn) quiz:

• what year did ethanol's popularity take off, turning corn from a food source only into an energy source as well? graphic pending
• asking for a friend
  

Wokeness and ESG: how are they alike?

• both simply replace the tough work of actual governance with euphemistic language
• I saw that in the Oasis corporation presentation for April, 2021; nothing changed but the PowerPoint verbiage:

Patrick De Haan:

• sees more likelihood of prices rising than falling; 
• estimates by June 1, 2021, we could see national average close to $3 / gallon;
• $3 / gallon? last seen in 2014;
• we're only one major refinery issue away from a larger surge
• memo to self: check up on the XOM Beaumont refinery work stoppage threat

Dueling spreadsheets:

• Jay Powell: we're not going to raise rates;
• Janet Yellen: here, hold my beer.

Used cars:

• all of a sudden, looking good
• today, a used car is 52% more expensive than one year ago, early 2020;
• 27% more expensive than at the end of 2020