Locator: 45559INV.
Continues to sell HPQ. This reads like an old story, but it’s new. Link here. Direct to Barron’s.
“Same” story about a week ago.
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X
On another note, is it just me or has “X” improved lately? A small monthly fee will not be a show-stopper for me. LOL.
“Trump History” is incredibly good but with Joe Biden one could use his exact stories, quotes, and anecdotes. I would start with his blue-collar truck-driving days.
Top story:
Top international non-energy story:
Top international energy story:
Top national non-energy story:
Top national energy story:
Focus on fracking: most recent edition.
Top North Dakota non-energy story:
Top North Dakota energy story:
Bakken economy:
Commentary:
Locator: 45557B.
Active rigs: 32.
WTI: $90.03.
Three new permits, #40221 - #40223, inclusive:
Three permits renewed:
Five producing wells (DUCs) reported as completed:
Locator: 45556UKRAINE.
For months, Ukraine has asked for the Army Tactical Missile System, known as ATACMS, which would give Kyiv the ability to strike targets from as far away as about 180 miles, hitting supply lines, railways, and command and control locations behind the Russian front lines. [Later: the Black Sea Fleet HQ is no longer on the target list. See below.]
Shortest air distance:
Locator: 45555B.
Over at social media, cue the tape “I won’t be watching Prime Video any more” in 3 … 2 …. 1.
On another note: this alone is worth a small monthly fee. 😂😂😂😂😂.
And, this, of course.
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The Trinity River
Ft Worth, Texas
The view from a paddle board:
Locator: 45554STRIKE.
You can’t fix cars without parts.
Don’t know how this affects OEM.
Barron’s says UAW noted “real progress” with Ford but didn’t provide any specifics.
Same story says Americans support 40% pay increase for established workers and 60% pay increase for recent hires.
Okay.
Americans are generous to a fault.
Tickers:
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A Quiet Afternoon
Three-year-old twins each in his own world.
Locator: 455533M.
What? What did you say? I can't hear you. From all those years wearing 3M ear plugs on the tarmac overseas.
Ear plugs lawsuit may be coming to an end, though there are reports that the judge is not ready to sign off on the agreement, but that may be an old story.
And then "forever chemicals." PFAS. Link here.
And now, outright treason? Something about "aid and comfort" to the enemy? Or was it fraud? Or, perhaps just one of those things.
Who's running this ship?
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.
Locator: 45541LIAR.
I'm shocked. Shocked.
And that's why the UAW needs a 40% increase in pay. And 60% for recent new-hires. This gets tedious.
LOL.
Locator: 45539RUSSIA.
September 22, 2023, updates, some of this has been previously posted.
Armenian separatists in Nagorno-Karabakh agreed Wednesday to disarm and discuss reintegration with Azerbaijan following a swift but deadly assault by Azerbaijani forces, a capitulation that signals the end of decades of ethnic-Armenian rule in the enclave and the rapid decline of Russian influence in the former Soviet Union territories.
The terms of the cease-fire lay groundwork that could bring to a close the autonomous rule by the population of Nagorno-Karabakh, which was won from Baku in a bloody yearslong war after the fall of the Soviet empire.
Peter Zeihan: Russia on a precipice?
Locator: 45538BOOKS.
I know almost nothing about horse-racing. I had a bit of first-hand experience through a distant relative years ago, but in the big scheme of things, I know nothing about the sport.
Our middle granddaughter gave me this book for my birthday last month. I'm finally getting around to reading it.
Lexington: The Extraordinary Life And Turbulent Timmes of America's Legendary Racehorse, Kim Wwickens, c. 2023
Highly recommended for anyone who has a passing interest in horse racing but knows nothing about the sport.
Like all books like this, the bigger story -- the history of horse racing -- is carried on the back of a lesser story, the story of a most-remarkable horse, and perhaps, even more so, the most remarkable man who discovered Darley, renamed him, and the rest is history.
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Orienteering
The three-year-old twins have become quite excited about planning their nature walks. Click to enlarge the top map to see the details of the proposed journey.
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A Musical Interlude
Locator: 45537INV.
Updates
September 22, 2023: reasons to move out of the stock market:
September 22, 2023: And it looks like it is not going to quit any time soon. I remember when I first started this series, "my favorite chart," a reader suggested I knew nothing about investing, which is probably true, but it's interesting how this chart has become pretty interesting in its own right.
Anyway, from a a different reader, this link.
Original Post
From where is all this money coming? Some would say they are printing it. My hunch, three sources:
Goldilocks economy.
My favorite chart.
From earlier:
Locator: 45536ECON.
The four demands:
1. Pay increase of 40%. Laughable.
2. Reinstating COLA. With a 40% increase in pay, COLA not needed. Ever.
3. Ending the two-tier system for pay and benefits. UAW is not serious on this one. Recent "new hires" would be geetting a 60% pay increase.
4. Job security for EV transition. Want to be able to strike when facilities shutdown or close due to the EV transition. Laughable. Open-ended "right-to-strike."
The UAW has four agenda items, but that's only to give them something to talk about. A 40% pay raise is all they really want. And that's laughable. I do think if the UAW fails to gain public support in this round of contract talks it will go back to the demand for a 40% raise in prices. "No one" in America gets a 40% pay raise -- except for CEOs. But seriously, their opening gambit: a 40% pay increase.
The goal to end the two-tier system for pay and benefits? This would give new hires a 60% pay increase. Maybe more. Fact-check me on that.
Also laughable and no longer discussed: 32-hour work week with pay for forty hours. They will still work 40+ hours and everything over 32 hours would be "overtime."
With regard to inflation and that 40% pay increase to cover future inflation:
CPI: "we're there." 3.2% UAW asking for 40% pay raise to cover future inflation. We'll talk about this later, along with three other non-starters. Link here.
Next: noon today -- strike action to be expanded.
Locator: 45535B.
CPI: "we're there." 3.2% UAW asking for 40% pay raise to cover future inflation. We'll talk about this later, along with three other non-starters.Link here.
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Back to the Bakken
WTI: $90.81. Thank you, Mr Putin.
Sunday, September 24, 2023: 109 for the month; 311 for the quarter, 556 for the year
39134, conf, Iron Oil Operating, Antelope 4-33-28H,
39133, conf, Iron Oil Operating, Antelope 3-33-28H,
38902, conf, CLR, Astro SWD,
Saturday, September 23, 2023: 106 for the month; 308 for the quarter, 553 for the year
39622, conf, Crescent Point Energy, CPEUSC Ruby 5 20-17-158N-100W-MBH-LLW,
37264, conf, Whiting, Wilson 31-15-3H,
California joins the UK, Brazil in its net-zero emissions goal. See below.
RBN Energy: California pauses shift from natural gas amid concerns about power shortages. Archived.
The U.S.’s effort to prioritize low-carbon energy entails some bumps and bruises along the way, an indication that the energy industry’s trilemma of availability, reliability and affordability can conflict with today’s economic realities and environmental priorities, even in a state like California with abundant financial and clean-energy resources and a commitment to decarbonization. In today’s RBN blog, we look at the state’s lofty goals to phase out fossil fuels, why it has been forced to put its transition away from natural gas and nuclear power on hold, and some of the biggest challenges ahead for the Golden State.
Locator: 10010APPLEGOESBOOM.
Gene Munster: link here.
Bloomberg: pre-orders and long lines suggest strong demand. Link here.
Why Apple, not Android, won the smart-phone war. Link here.
Profits, earnings. Link here.
The iPhone 15 may just be the most successful iPhone ever.
Link here. The site is "click-bait" but the headline is not.
Top story: New York Times. The Times gets it. The “fool” doesn’t.
More links to follow.
Google iPhone 15 sales.
Remember: with ability to order on-line, surprising to see lines. My hunch: on-line orders are pushing wait times out to the holidays. Folks aren’t willing to wait. [Later: see below. Hunch confirmed.]
Flocking to stores in China. CNBC.
Many retailers sold out in minutes in China. Link here.
Prices increased in China, India. No increase in the US. CNBC.
Long lines in Taiwan. Link here.
High-end most in demand. No surprise there. No price increase on Pro. Top chip. Problem with linking source. Will provide link if source fixes problem.
Top-end favored; cheaper versions shunned. CNBC.
EU regulators require some/many/most folks to buy $29-adaptor from Apple for new phone. CNBC. Not included in the box.
Plus they will buy protective case.
And Apple Care.
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Laptop To Go With The New iPhone 15
This really is quite incredible.
