Friday, March 17, 2023

Watch For Story On Fifth 9/11 Aircraft — March 17, 2023

Updates

March 21, 2023: this story had no legs.

Original Post

Daily Mail breaking story tonight.

#16 FDU Defeats #1 Purdue — March 17, 2023

Updates

March 18, 2023: #15 Princeton, who knocked off #2 Arizona in the first round, looks like it is about to knock off #8 Missouri in the second round. With three minutes to go, Princeton is up by 18 points, 69 - 51.

March 18, 2023: second round, #8 Arkansas beats #1 Kansas.

Original Post 

Live bracket here

#16 FDU defeats #1 Purdue. 

It's hard to say, but it seems the first round was a bit more unpredictable this year than last year's first round.

By the way, FDU had to "play in." FDU had to play among the "First Four" to even get into the first round, the Round of 64. As did Pitt who defeated Iowa in the First Round.

Later:

It took 33 years for a 16-seed to knock off a 1-seed: when UMBC beat Virginia in the 2018 NCAA tournament. It took only five years for a second 16-seed to do it, with Fairleigh Dickinson stunning the country by beating Purdue in the first round on Friday night 63-58.

While UMBC made history as the first 16-seed to beat a 1-seed, Fairleigh Dickinson took it one step further: The Knights are the first 16-seed from the First Four to do it.

After beating Texas Southern in Wednesday's First Four matchup, coach Tobin Anderson made a pronouncement that set the stage for Friday's monumental upset.

"The more I watch Purdue, the more I think we can beat them," he told his team in the locker room.

Week 11: March 12, 2023 -- March 18, 2023

The single best story:
  • #16 FDU beats #1 Purdue in first round, March Madness.

Top story:

  • Joe Biden is still president
  • Former president says he will be "arrested" this next week

Top international non-energy story:

  • Russian-Ukraine war continues
    • Russia brings down US Global Hawk
  • Saudi-Iran restore diplomatic ties; US cedes Middle East meddling to China.
  • second-largest Swiss bank fails; rushed deal, UBS buys Credit Suisse.
    • UBS now Switzerland's one and only global bank.

Top international energy story

  • UAE becomes bigger player in oil movements with Russian oil flowing through UAE

Top national non-energy story:

  • US economy still doing very well; GDPNow: 3.2%
  • anxiety over risk of bank failures crash oil, stock market; some say SecTreasury is MIA

    Top national energy story


    Javier Blas:

    Focus on fracking: most recent edition.

    Top North Dakota non-energy story:


    Top North Dakota energy story:

    • oil production back over one million bopd;

    Geoff Simon's top North Dakota energy stories:

    Bakken economy:

    Commentary:

    Entertainment:
    • the Oscars: Jamie Lee Curtis wins her first Oscar;

    WTI Dropping Will Help Slow Inflation -- March 17, 2023

    Active rigs: 45.

    WTI: $66.74.

    Natural gas: #2.338.

    Five new permits, #39740 - #39744, inclusive:

    • Operator: Ovintive
    • Field:Westberg (McKenzie)
    • Comments:
      • Ovintiv has permits for five Darlene Federal wells, NWNE 13-152-97; 
        • to be sited 531 FNL and between 2192 FEL and 2272 FEL

    One producing well (a DUC) reported as completed:

    • 37626, 1,728, Grayson Mill, State 36-12 6H,

    Family Affairs -- March 17, 2023

    From June 30, 2022:

    **************************
    Second To Last Day Of Sailing Camp
    Corky Stayed Home
     

    What has Corky taught Sophia? From a conversation with Sophia when she was six years old, this was pre-Covid when Sophia and Corky were both involved in swimming and gymnastics:

    ******************************
    For My Birthday

    Going through old boxes, we came across this "crown" made by Olivia when she was in first grade, for my birthday. That was about ten years ago:

    Oasis Ramirez Wells Coming Off Confidential Status -- March 17, 2023

    The Oasis Ramirez wells coming off confidential list:

    • 38656, F/A, Oasis, Ramirez 5196 42-32 2B, 33-0053-09795, the Ramirez wells are tracked here. Stimulated August 6, 2022; middle Bakken; 25 stages; 293,655 bbls; 11,757,961 lbs proppant; t--; cum 130K 1/23; at $50/bbl at the wellhead: $6.5 million, after less than five months.
    PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN1-20233130294301882482762888605381310
    BAKKEN12-20222115988161604377128314252273083
    BAKKEN11-20223029195291462347048141469610
    BAKKEN10-20223131286313793075752369510430
    BAKKEN9-20223023196229241348629133284130
    • 38652, F/A,  Oasis, Ramirez 5196 42-32 6BX, 33-0053-09791, this is a section line well, the Ramirez wells are tracked here. Stimulated September 17, 2022; middle Bakken; 25 stages; 284,707 bbls; 11,308,320 lbs proppant; t--; cum 179K 1/23; at $50 / bbl at the wellhead: $8.95 million, at five months.
    PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN1-20233137507374252391270878677212002
    BAKKEN12-20222933696339235318554225504573762
    BAKKEN11-20223044209440951741269317679610
    BAKKEN10-20223140720407601611673651724360
    BAKKEN9-2022302320022927642028991284130
    • 38653, F/A, Oasis, Ramirez 5196 42-32 5B, 33-0053-09792, Dimmick Lake, Stimulated September 12, 2022; middle Bakken; 26 stages; 296,825 bbls; 11,824,878 lbs proppant; t--; cum 180K 1/23; at $50 / bbl, at the well head, $9.0 million at five months.
    PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
    BAKKEN1-20233141737416692237075513721332158
    BAKKEN12-20223044007441465171667157626754475
    BAKKEN11-20223037622375841556566061648890
    BAKKEN10-20223144866447442079478172767680
    BAKKEN9-20223011480113453912929424284130

    ************************
    The Artist Hanging His Works

    Three-year old Judah. 

    It's Just A Pause -- March 17, 2023

    Link here.

    A pause in which "nearly all" employees have been furloughed.

    When money is free, a lot of science projects and hobby horses are promoted. When money "costs" 6% things get serious. 

    JPow gets it. 

    YouTube TV Increases Its Price -- March 17, 2023

    Link here.

    **********************
    The Bat Cave

    An update. 

    Why EV Manufacturers Have Slashed Prices -- March 17, 2023

    Link here.

    From the linked article:

    The global electric vehicle (EV) market is reeling from one of the most dramatic collapses in monthly sales to date, with Rystad Energy research showing that only 672,000 units were sold in January, almost half of December 2022 sales and a mere 3% year-on-year increase over January 2022. The EV market share among all passenger car sales also tumbled to 14% in January, well down on the 23% seen in December.
    EV sales have been on a relatively consistent upward trajectory in recent years – aside from periods impacted by Covid-19 pandemic-related supply chain issues – and a significant collapse in sales is worrying news for the industry. Tax credits and government subsidies have propped up the EV market to date as countries identify passenger car fleet electrification as a core tactic for meeting net-zero emissions goals, but the reduction or removal of these subsidies this year has dampened consumer sentiment.
    Automakers are now scrambling to reverse the downward spiral and salvage the market in 2023.

    EVs today:

    • Lordstown (RIDE): down 4.2%. Trading at 74 cents.
    • Nikola (NKLA): down 3%. Trading at $1.70.
    • ARVL: down 5%. Trading at 15 cents.
    • LCID: down a whopping 4.3%. Trading at $7.50.
    • RIVN: down 3.4%. Trading at $13.01.
    • FSR: down 3%. Trading at $5.85.
    • GOEV: down 1%. Trading at 58 cents.
    • F: down a whopping 5.4%. Flirting with $11.

    RIDE: not safe. It's the end of the road for RIDE.

    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.

    All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them

    Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

    Three Wells Coming Off The Confidential List Today -- March 17, 2023

    Happy St Patrick's Day:

    TSM: safe

    RIDE: not safe.

    Playboy documentary: I don't know the background, the backers, or when it was first released. But it is fascinating. 

    ONEOK: link here.

    Most interesting energy story: comments on oil coming out of the Biden White House.

    Tax season: link here.

    ************************
    Back to the Bakken

    Active rigs: 46.

    Peter Zeihan newsletter.

    WTI: $66.39.

    Natural gas: $2.377,

    Sunday, March 19, 2023: 63 for the month; 225 for the quarter, 225 for the year
    39163, conf, CLR, Micahlucas 12-5H1,
    38841, conf,  Neptune Operating, Heen S 152-104-5-17-2H,
    37647, conf, BR, Tailgunner 2C TFH,
    37569, conf, Iron Oil Operating, Antelope 3-31-30H,

    Saturday, March 18, 2023: 59 for the month; 221 for the quarter, 221 for the year
    39162, conf, CLR, Micahlucas 11-5H, to be tracked here?
    38655, conf, Oasis, Ramirez 5196 42-32 3B, the Ramirez wells are tracked here.
    37648, conf, BR, Tailgunner 2D MBH,

    Friday, March 17, 2023: 56 for the month; 218 for the quarter, 218 for the year
    38656, conf, Oasis, Ramirez 5196 42-32 2B, the Ramirez wells are tracked here.
    38652, conf,  Oasis, Ramirez 5196 42-32 6BX, this is a section line well, the Ramirez wells are tracked here.
    37649, conf, BR, Tailgunner 2E TFH,

    RBN Energy: greenhouse gases and the refining industry.

    Over the past couple years of energy market turbulence, pretty much everyone has come to acknowledge that the U.S. — and the rest of the world — will continue to require refineries and refined products for decades to come. It’s also likely, though, that U.S. refiners, like their European counterparts, will be required to do more to reduce the volumes of carbon dioxide (CO2) and other greenhouse gases (GHGs) generated during the process of breaking down crude oil and other feedstocks into gasoline, diesel, jet fuel and other valuable products. And, thanks to new federal incentives, it might even make sense for refineries to capture and sequester at least some of the CO2 they can’t help but produce. In today’s RBN blog, we begin a series on refinery CO2 emission fundamentals, the differing policies that are applied here in the U.S. and abroad, and how those policies might ultimately influence refining competitiveness.

    It will come as no surprise that the refining industry generates significant volumes of GHGs, including CO2, from both the refining processes themselves and the fossil fuel consumption needed to power them — just consider the vast amounts of heat that need to be generated for distillation and other reactions that need to occur. It’s equally unsurprising that the refining industry — not to mention the separate-but-related transportation sector, which depends heavily on refined fuels — has been coming under increasing scrutiny regarding GHGs.

    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.

    All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them

    Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

    My Favorite Chart -- New Shoes For Sophia? March 17, 2023

    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.

    All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them

    Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

    Updates

    Later, 2:54 p.m. CT: this is fascinating. I can park my cash in "T" and earn 6.06% and leave a boatload of "T" to my heirs. Meanwhile, money market funds:

    Yes, I know one can find better money market rates.

    Note: I use "T" generically -- there are other equities other than "T" that pay nicely, also. 

    Original Post

    Bloomberg: $120 billion will flow into money market funds this next week. 

    My favorite chart. Link here.

    *******************
    New Shoes For Sophia!

    Belk is having a shoe sale! Seventy percent off. These $80-shoes are going for $24. 

    **********************************
    Happy Birthday
    For Sophia's Mom

    First Things First -- NVDA -- March 17, 2023

    Happy St Patrick's Day. 

    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.

    All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them

    Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source

    Now, NVDA.

    Overnight. I guess the global run on banks is over.

    Now: