Saturday, June 10, 2023

Let's Do The Math -- June 10, 2023

Locator: 44902ELEC.   

Link here.

Population of Massachusetts: seven million.

2011 - 2020: nine years

Cost: $6 billion more

 
 
Per person per year:
= $6 billion / 9 years / 7 million = $95.20. Or 30 cents / day.

I may or may not like "compliance costs" -- I don't have a dog in this fight -- I don't even care -- but at least I now know what it's costing.

Amazing how fast 30 cents / day adds up. 

A tall (regular) Starbucks black coffee: $2.75 / cup.

The Book Needs To Be Changed -- June 10, 2022

Locator: 44901POL.  

Link here.



By the book:

The book needs to be changed?

Random Weber Update -- Days Are Still Getting Longer -- 101 Days Of Summer -- June 10, 2023

Locator: 44900WEBER.  
Locator
: 44900RECIPES.  

Later, 10:13 p.m. CDT: somehow, grilling became a thing today on the blog. I don't know how or why. But here we go. A reader sent me this, following a sidebar e-mail discussion about Texas brisket. Enjoy. Comments refer to the video at the link.

The recipe at the video:

Weber brisket:
The video is great... the video is here.
I always cook mine fat side up. I think it self-bastes the meat, so I don't use the water pan.
I have never measured the salt and pepper, so I found that very interesting. I tell people to use twice as much salt and 4 times more pepper than they've ever used. I use plain old table salt, not the chunkier kosher.

The Rudy's chain does a very good moist brisket (don't order the lean), Pappas' is better. The stuff in Navasota, TX, at Mallett Brothers was even better than that.
Save all the fat you trim off and then freeze it. Dice it and render it slowly for the best, most flavorful fat. I use it to brown a chuck roast before I throw it in a Crock Pot. Use the rendered fat to saute vegetables for gumbo, use the rendered fat to make red chile for enchiladas, etc. etc. It gives the most unctuous flavor to anything.

Earlier today, from a reader, on the Weber:

Original Post: May 19, 2023

Locator: 44687G. 




 So many story lines on so many levels. Maybe I will get back to this later, but I doubt it.

Ovintiv Case #29421 -- Westberg Oil Field -- Rolfsrud Wells -- June 10, 2023

Locator: 44899OVV. 

The Ovintiv Rolfsrud wells are tracked here

From NDIC hearing docket, June, 2022. This is a case, not a permit.

  • 29421, Ovintiv, thirteen wells on a 1280-acre unit; Westberg-Bakken, on an established 1280-acre unit; sections, 29/32-152-96; McKenzie County;

Wells of interest:

  • 38190, drl, Ovintiv, Olson 152-96-30-31-6H, Westberg, t4/21; cum 216K4/23;
  • 38191, drl, Ovintiv, Rolfsrud 152-96-32-14H, Westberg, t4/21; cum 282K4/23;
  • 38192, drl, Ovintiv, Olson 152-96-30-31-16H, Westberg, t4/21; cum 174K4/23;
  • 38193, drl, Ovintiv, Rolfsrud 152-96-32-7HLW, Westberg, t4/21; cum 282K4/23;
  • 16942, 521, Ovintiv, Rolfsrud 1-32H, Westberg, t10/08; cum 162K 1/23; off line;
  • 23022, 1,645, Ovintiv, Rolfsrud 152-96-32-2H, Westberg, t7/12; cum 201K 11/22; off line;
  • 17807, 2,182, Ovintiv, Rolfsrud 1-29H, Westberg, t5/10; cum 180K 9/22; off line;


  • 28477, 823, Ovintiv, Rolfsrud State 152-96-32-12H, Westberg, t11/14; cum 255K 3/23; off line;
  • 28476, 1,620, Ovintiv, Rolfsrud State 152-96-32-3HX, Westberg, t11/14; cum 238K 3/23; off line;
  • 28475, 1,267, Ovintiv, Rolfsrud State 152-96-32-11H, Westberg, t11/14; cum 169K 3/23; off line;
  • 29157, 945, Ovintiv, Rolfsrud 152-96-32-13HLW, Westberg, t11/14; cum 261K4/23;
  • 26532, 1,508, Ovintiv, Rolfsrud 152-96-32-1H, Westberg, t11/14; cum 248K 4/32;
  • 26533, 941, Ovintiv, Rolfsrud 152-96-32-10H, Westberg, t11/14; cum 240K 3/23; off line;
  • 26534, 1,155, Ovintiv, Rolfsrud 152-96-32-2HZ, Westberg, t11/14; cum 227K 3/23; off line;

  • 39189, drl, Ovintiv, Rolfsrud 152-96-32-29-4H, Westberg,
  • 39190, drl, Ovintiv, Rolfsrud 152-96-32-29-15H, Westberg,
  • 39191, drl, Ovintiv, Rolfsrud 152-96-32-29-5H, Westberg,
  • 39192, drl, Ovintiv, Rolfsrud 152-96-32-29-16H, Westberg,

Ovintiv Case -- #29716 -- NDIC Hearing Dockets -- Multiple Wells -- December, 2022

Locator: 44898OVV. 

This is a case, not a permit, from NDIC hearing dockets, December, 2022:

  • 29716, Ovintiv, Westberg-Bakken; to authorize an additional thirteen wells on a 1280-acre unit; sections 13, 24-152-97; authorize two wells to be drilled on two 2560-acre units, sections 13, 14, 23, 24-152-97; and sections 13, 24 -152-97 and sections 18, 19-152-96; seventeen wells total; McKenzie County;

What this area looks like today:

Where the Westberg oil field is:

Wells of interest:

  • 31013, 1,348, Ovintiv, Wahus Federal152-97-13-24-4H, Westberg, t9/15; cum 255K 4/23;
  • 31012, 833, Ovintiv, Wahus State 152-97-12-1-12H, Westberg, t9/15; cum 369K 8/22; off line;
  • 31011, 1,348, Ovintiv, Wahus Federal152-97-13-24-11H, Westberg, t9/15; cum 164K 4/23;


  • 23277, 2,000, Ovintiv, Darlene Federal 152-97-13-24-3H, Westberg, t1/13; cum 254K 4/23;
  • 23276, 2,311, Ovintiv, Darlene Federal 152-97-13-24-10H, Westberg, t1/13; cum 169K 4/23;
  • 23275, 2,102, Ovintiv, Darlene Federal 152-97-13-24-2H, Westberg, t1/13; cum 231K 4/23;


  • 39744, conf, Ovintiv, Darlene Federal 152-97-13-24-7H, Westberg,
  • 39743, conf, Ovintiv, Darlene Federal 152-97-13-24-13H, Westberg,
  • 39742, conf, Ovintiv, Darlene Federal 152-97-13-24-6H, Westberg,
  • 39741, conf, Ovintiv, Darlene Federal 152-97-13-24-12HLW, Westberg,
  • 39740, conf, Ovintiv, Darlene Federal 152-97-13-24-5HLW, Westberg

Weather Update -- June 10, 2023

Locator: 44897TEMP.  

Later: 8:35 p.m. CDT -- we had no rain, no storms. In the pool all day.

Original Post

Last evening our weatherman for the DFW area -- of whom we are all getting tired -- has a habit of hyping the story.

Last evening, he breathlessly forecast another severe Texas two-step thunderstorm with hail larger than golf balls.

The first storm was to be rather mild compared to the second storm that would follow.

He forecast the first storm to hit at 11:00 a.m. and end at 1:00 p.m.

The much worse second storm would roll through our area starting at 2:00 p.m. and last well past 4:00 p.m.

Because I'm on my bike, I'm following the weather / radar closely.

At 8:00 a.m this morning when I started out, it did look like some rain at 11:00 and I had planned to be home by 10:30 a.m.

I just checked the weather / radar: that first storm system has disappeared. Absolutely nothing on radar forecast for our area through 4:00 p.m. Clear as a bell.

After 4:00 p.m.: a chance of rain. 

LOL.

But we know that the average global temperature in one hundred years will be two degrees higher than it is now, thanks to climate forecasters like John Kerry.

Link here.

Focus On Generative AI -- June 10, 2023

Locator: 44896CHIPS. 

Link here.

Best place to start.

  • CPUs (microprocessors).
    • see below
  • GPUs.
    • see below
  • FPGAs.
    • see below
  • RTSPs
    • just now becoming "a thing." 
    • conceived and designed by Apple. 
    • the R1: first-ever RTSP chip unveiled by Tim Cook, Apple, 2023 WWDC, June, 2023. 
    • a new spatial computer / headset requirement; only Apple will have this chip for the conceivable future (five years)
    • link here.




RTSPs: Apple
  • R1.

Today's Focus: EVs And Chips -- June 10, 2023

Locator: 44895B.
Locator: 44895LEGO.

Updates

June 15, 2023:

A reader asked me about this note in the original post:

Two stories side-by-side:

My not-ready-for-prime-time reply:

The point of the blog: data processing centers (DPCs) the next big thing worldwide and certainly in the US (Nvidia makes chips for DPCs -- this was the huge announcement by the CEO after earnings came out -- basically when he said - "you haven't seen nothin' yet") -->

Those PDCs use a huge amount of electricity. A huge amount.

And they generate lots of heat. Optimally, they need to be sited where it's cold.

Why else does a huge company site a huge DPC in Ellendale, ND, population, 1,000?

This one site will use 27 or 28% of all the electricity MDU generates. I could/couldn't care less about MDU.

What I'm trying to point is a macroeconomic data point: tech companies in the DPC sector are going to site their plants where electricity is cheap and endlessly available and where it's cold (ambient outside temperature).

And the cherry on top: site these plants where there is a friendly business climate.

ND has one of the best business climates. ND will approve anything that generates revenue.

DPCs don't cross state lines like pipelines -- the permitting is only a state issue, not a public issue.

DPCs, after built, need one individual to run them. The guy that opens and closes the front door when engineers show up to update something.

Even the meter reader won't trek out to the site: that information will be sent electronically to MDU.

So, my post was not an MDU story; it was not necessarily a North Dakota story. It was a story that ZeroHedge highlighted -- but they were looking at it through their "environmental sustainment glasses / lenses." They need to look at these stories through their energy glasses / lenses and where energy will be endlessless available and cheap. This won't be in Europe and it won't be in Asia.

I look for DPCs across the entire northern tier -- Montana, South Dakota, North Dakota.

MDU, OTTR, BKH -- will benefit, but not much in the big scheme of things. MDU, OTTR, BKH won't have the MOJO, YOLO, FOMO that Nvidia, for example, has and we're in a momentum-driven (MOJO) market right now.

Having said that, I could see a large Florida utility or. a North Carolina utility buying a utility in ND, SD, MN.

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101 Days Of Summer

Day 14.

Windy and breezy. On a scale of 1 - 10, a six (6).

In a couple of hours it will deteriorate to a two (2) and by the afternoon, it biking weather, on a scale of 1 - 10, will be a one (1).

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US Economy

Big stories this past week:

  • Fed likely to "skip" June but will continue with more rate increases later in the year
  • US recession outlook moved to the right, to early 2024. Link here.
  • US market officially back in bull market mode. Link here.
    • market last week: short squeeze; FOMO, YOLO, and MOJO

**************************
The Next Big Thing: Electricity

Two stories side-by-side:

*****************************
Word Of The Day

Generative AI.

  • This phrase is now popping up everywhere. Even where you least expect it.

****************************
EVs And Chips

Today's focus: EVs and Chips.

Link here.

Themes.

Investors.

Chips, semiconductor: link here.

EVs: link here. Scorecard.  

The autos: link here. Scorecard, EVs.

Not sure where to start. It's overwhelming what has happened this past week. I'm going to take a break now and come back to this later.  

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The Lego Page

Available August 1, 2023.

A little pricey. Based on number of pieces should sell for $149.99. 

Priced at $199.99.