… watch Jesse Watters.
And The Megyn Kelly Show.
Wednesday, November 13, 2024
Whiting With Two New Permits; Three DUCs Reported As Completed -- November 13, 2024
Locator: 48751B.
Cisco earnings: link here.
*************************************
Back to the Bakken
WTI: $68.43.
Active rigs: 38.
Two new permits, #41336 - #41337:
- Operator: Whiting
- Field: Glass Bluff (McKenzie)
- Comments:
- Whiting has permits for two Anderson wells, SESE 32-152-103,
- to be sited at 812 FSL and 490 FEL; and, 779 FSL and 490 FEL.
Six permits renewed:
- CLR: four Lancaster permits, NWNE 28-152-102, Elk oil field; and, two Sacramento permits, SWSW 11-155-98, Brookln oil field.
Three producing wells (DUCs) reported as completed:
- 39381, 0, BR, Devils Backbone 3C UTFH, McKenzie,
- 40644, 1,127, EOG, Apricot 0328-01H, Mountrail;
- 40645, 631, EOG, Apricot 0328-02H, Mountrail;
Japan, Nvidia, And The Sixth Industrial Revolution -- November 13, 2024
Locator: 48747AI
Tag: Nvidia, NVDA.
News, Japan, November 13, 2024:
***********************
Background
Japan: Society 5.0.
History of AI, wiki.
***********************************
The Sixth Industrial Revolution
See wiki, as currently understood and generally accepted:
- first industrial revolution: 1760 - 1840; ended in the middle of the 19th century; inventions; advancements in textiles; age of inventions;
- second industrial revolution: advancements in manufacturing processes; 1870 - 1914 (beginning of WWI); age of mass manufacturing;
- third industrial revolution: beginning in 1947, information age; computer coming out of WWII; Colossus, Bletchley Park;
- fourth industrial revolution: rapid technological advancement beginning in the late 1990s; the Age of Apple (or the personal computer).
Much better:
- first industrial revolution: ended in the middle of the 19th century; age of invention;
- second industrial revolution: 1870 - 1914 (beginning of WWI); age of Henry Ford, mass manufacturing;
- third industrial
revolution: peri-WWI -- the age of conventional manufacturing and
logistics; rise of synthetics and the oil and gas industry; age of Standard Oil (or the age of John D Rockefeller);
- fourth industrial revolution: beginning in 1947, information age; the computer age (or the age of Turing);
- fifth industrial
revolution: rapid technological advancement beginning in the late 1990s
-- maybe it began in 1984 with the (in)famous Apple commercial; age of Apple (or the age of Steve Jobs)
The
question is whether "we" have entered the sixth industrial revolution:
Nvidia blades; LDCs; a return to nuclear energy to meet energy needs of
the information age. If so:
- sixth industrial revolution: artificial intelligence enters its stride; the "Nvidia revolution."
It's hard for me to accept that the need for nuclear energy to meet the needs of LDCs does not signify a new industrial revolution.
Note: "the Nvidia revolution" is a metonym for the artificial intelligence advancements that began in the early 2020s.
US House -- Update — November 13, 2024
Locator: 48746TRUMP.
Updates
6:27 p.m. CST, November 13, 2024: personally I'm a bit sad / disturbed / concerned with three of Trump's most recent nominations, but this is what happens when the opposition moves so far to the left that the pendulum overshoots moving to the right. But, wow, Trump is risking losing it all by going too far. And unlike four years ago when Pence was vice president and who might have provided some "adulting" in the White House, we have, instead of Pence, JD Vance, who is probably more to the right than Trump.
1:22 p.m. CST, November 13, 2024: NBC reporting that GOP retains control of US House. The NYT has not yet "confirmed" -- still showing two seats short. Here's the NBC site showing 218 GOP seats for the US House.
11:41 a.m. CST, November 13, 2024: Arizona -- Congressional District 6 -- screen shot from a few minutes ago:
11:28 a.m. CST, November 13, 2024. Iowa -- Congressional District 1 -- screen shot from 45 minutes ago:
Then, from The New York Times six minutes ago:
Original Post
In addition to the report below, a reminder: the US Senate GOP will be voting on GOP senior leadership today -- Thune, Cornyn, Rick Scott. Later: John Thune.
Trump 2.0 tracked here.
From there, US House being tracked here.
From there, The New York Times tracking the votes.
Right now, 9:20 a.m. CST, November 13, 2024, screenshot, we have update: two more GOP candidates have been declared winners.
The closest race has narrowed slightly, Iowa -1, Miller-Meeks. Two years ago, vote spread, 600 votes. Vote spread this cycle:
- two days ago: 796 with >95% reported
- today: 731 with >95% reported
Currently, for majroity, required: 218:
- GOP: 216
- Dems: 207
Six GOP candidates still lead their races --> leads to final GOP tally -- 222.
Cramer's First Hour, Part 2 -- November 13, 2024
Locator: 48752CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
Resigning: not soon enough. LOL. Special counsel Jack Smith and his staff will resign before Trump takes office.
Market: apparently likes the inflation numbers released this morning. Ten-year Treasury down a bit early today.
Tariffs: add that to your bingo card. Along with hyperscalers, guardrails, Nvidia, Musk, fed rates, Goldilocks, mass deportations, and animal spirits.
On video behind Cramer on CNBC: Trump's a/c on tarmac at Joint Base Andrews. On way to meet with Congressional leaders and President Biden. The photo op I'm waiting for: handshake with Kamala.
US House races: updated. Good news for GOP.
**********************************
Disclaimer
Brief
Reminder
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- 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 something appears wrong, it probably is. Feel free to fact check everything.
- 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.
- Reminder: I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
- Longer version here.
Cramer's First Hour, Part 1 -- November 13, 2024
Locator: 48752CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
Morning Joe: focus on Trump's tariffs, and how tariffs are inflationary. It gets tedious. Right, wrong, indifferent, folks focused on Trump's tariffs, don't "get" Trump and don't get "making America great again." Interestingly, on another note, since the election, I haven't seen the "reverend" on Morning Joe. I'm sure it's nothing. [Reverend Al Sharpton.]
Identity politics: covers every identity except one -- those whom we used to call "working stiffs."
Apple's air tags: link here.
Futuristic city: Neom, Saudi Arabia, CEO of that project abruptly left the project.
Oakland: speaking of identity politics. LOL.
Personal investing: Sophia will be adding to her position in SCHB later today.
**********************************
Disclaimer
Brief
Reminder
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- 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 something appears wrong, it probably is. Feel free to fact check everything.
- 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.
- Reminder: I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
- Longer version here.
The Cost Of Electricity -- November 13, 2024
Locator: 48751ELECTRICITY.
This is quite coincidental. Earlier this morning, we talked about the price of electricity -- from a tweet about the cost of electricity "today." And then, just an hour or so later, SStap provided a great tweet on the same subject. See below.
Updates
6:21 a.m. CT, link here:
5:45 a.m. CT, link here:
Original Post
Just the links right now.
- nuclear energy / electricity costs in Europe (Germany, France, the low countries); link here;
- the price of power, link here;
- the road to Germany, May 30, 2017 (flashback):
- AI:
- from some time ago, clearing off the desktop:
Trump To Meet With Biden Later Today -- November 13, 2024
l
For the archives: President-elect Trump to meet with President Joe Biden later today
*********************************
Back to the Bakken
WTI: $68.64.
Thursday, November 14, 2024: 19 for the month; 79 for the quarter, 593 for the year
- 40636, conf, CLR, Vandeberg 4-35H,
- 40464, conf, Enerplus, Devils Canyon 147-97-20-2H-WLL,
- 40193, conf, Hess, EN-Cvancara A-155-93-3231H-11,
- None.
RBN Energy: crazy pricing for Mont Belvieu propane obliterates hedges.
Exactly the same product. Exactly the same day. In storage very nearby. Yet their prices diverged by 17 cents per gallon — a spread equivalent to $7 per barrel. That’s a very substantial difference for prices that typically are almost indistinguishable, differing by an average of only 0.3% in recent years. The disparity roiled the financial underpinnings of exports for over a month and busted numerous inventory hedges. Is this some rare commodity? Hardly. It’s Mont Belvieu propane, the Rock of Gibraltar benchmark propane price in the U.S., and to a great extent around the world. But during October there was a crack in that rock a mile wide.
At the end of September, the price of TET propane, which is the Energy Transfer marker commonly used for financially hedging most propane exports and as an index for some domestic contracts, dropped sharply compared to the price of Non-TET propane at Enterprise Products Partners literally next door in Mont Belvieu. The spread stayed wide for the entire month of October. Non-TET is the price reference for more than two-thirds of physical propane exports and serves as the benchmark index for domestic supply.
Pete Hegseth -- Secretary Of Defense -- November 13, 2024
Locator: 48754POLITICS.
Wiki.
We're going to see a lot of stories on this appointment. Note: this post was written before I saw this banner:
I'll keep my thoughts to myself.
Except this: probably the least qualified but I've not been impressed with the most qualified either.
Hegseth reminds me of John Kerry with regard to his (Hegseth's) feelings about 4-star generals.
Except this: of all his appointments, this one may be the most "Trumpian."
Interestingly, Reagan might have appointed Hegseth had they been contemporaries. Who was Reagan's SecDefense?
From the Hegseth wiki site:
Back to the Reagan question:
Freevee -- Sayonara -- November 13, 2024
Locator: 48753STREAMING.
I used to watch Freevee fairly often but haven't watched it in a long time. YouTube, Hulu, Prime Video remain my top three, probably in that order. Depending.
Shell -- Emissions -- For The Archives -- November 13, 2024
Locator: 48752EMISSIONS.
For the archives.
The Hague Court of Appeal on Tuesday agreed with Shell PLC that the company could not be legally forced to set a specific emissions target, overturning a 2021 ruling by a lower Dutch court.
However, the appellate court said “fossil fuel consumption is largely responsible for creating the climate problem” and that oil and gas companies have a duty to curb emissions.
The Hague District Court on May 26, 2021, ruled in favor of a group of plaintiffs led by Friends of the Earth Netherlands (Milieudefensie). The lower court ordered Shell to limit the annual volumes of carbon dioxide released into the atmosphere by its business activities and energy-carrying products by at least 45 percent net by 2030 relative to the 2019 level.
In Tuesday’s decision, which comes as countries gather at COP29 in Azerbaijan, the Court of Appeal affirmed that European civil courts can be entreated to enforce states’ obligation to protect citizens from climate change but concluded there was no legal and scientific basis to impose a specific 45 percent reduction figure on Shell.
And then this, if one reads far enough:
Shell has set targets of cutting Scope 1 and 2 emissions by 50 percent by the end of the decade compared to 2016 and customer emissions from the use of Shell’s oil products by 15 to 20 percent by 2030 relative to 2021.
Milieudefensie’s side acknowledged that Shell’s Scope 1 and 2 target corresponds to a 48 percent reduction of operational emissions by the end of 2030 relative to 2019, according to the appeal decision published on the Dutch judiciary’s website. However, the plaintiffs told the court “there is nevertheless an impending violation of a legal obligation because Shell has adjusted its policy before, and this target offers no guarantee of further or permanent emission reductions”, the court document stated.
The court ruled, “To assume the impending violation of a legal obligation alleged by Milieudefensie et al., the court would have to find that it is likely that Shell will not have reduced its scope 1 and 2 emissions by 45 percent by 2030, despite Shell’s concrete plans and the measures Shell has already taken to implement those plans”.
“Milieudefensie et al. have not provided sufficient arguments in support of that”, it added.
Again, for the archives.
Cost Of Electricity -- November 13, 2024
Locator: 48751ELECTRICITY.
Updates
5:45 a.m. CT, link here:
Original Post
Just the links right now.
- nuclear energy / electricity costs in Europe (Germany, France, the low countries); link here;
- the price of power, link here;
- the road to Germany, May 30, 2017 (flashback):
- AI:
- from some time ago, clearing off the desktop:
Tuesday, November 12, 2024
Elon Musk To Co-Lead A New Government Agency: The Department Of Government Efficiency -- DOGE -- November 12, 2024
Locator: 48750TRUMP.
Trump 2.0 is tracked here.
Elon Musk and Vivek Ramaswamy to lead a new government agency focused on regulating federal spending. Announced November 12, 2024.
- and then this, DOGE: Department of Government Efficiency
- an acronym that is an apparent wink to the dog-themed cryptocurrency by the same name that started as a joke and skyrocketed after Musk promoted it.
Of course. You didn't think I would let this one pass, did you? LOL. Link here.
White House Counsel, William McGinley. Announced November 12, 2024.
Former intel director John Ratcliffe to head the CIA. Announced November 12, 2024.
Real estate tycoon Steven Witkoff, Middle East envoy. Announced November 12, 2024.
Pete Hegseth: Secretary of Defense. Reported by TNYT November 12, 2024.
Kristi Noem, Homeland Security Secretary. Reported by TNYT November 12, 2024.
- reminder: Tom Homan is "border czar."
Nominee for Geico Rock Award 2024, Tom Nichols: Trump's picks are "loyalists."
***********************
A Musical Interlude
Mass deportations.
It's just a matter of time.
Seven New Permits; One Permit Renewed; A BR Well With A Surprisingly High IP -- November 12, 2024
Locator: 48749B.
Elon Musk and Vivek Ramaswamy to lead a new government agency focused on regulating federal spending. Announced November 12, 2024.
- and then this, DOGE: Department of Government Efficiency
- an acronym that is an apparent wink to the dog-themed cryptocurrency by the same name that started as a joke and skyrocketed after Musk promoted it.
***************************
Back to the Bakken
WTI:
Active rigs:
Seven new permits, #41329 - #41335, inclusive:
- Operators: Hess (4); Oasis (3);
- Fields: Ellsworth (McKenzie); Painted Woods (Williams)
- Comments:
- Hess has permits for one BW-Hagen well and three BW-Stoveland wells, all NWNE 15-149-100;
- to be sited 2171 FEL, and, between 786 FNL and 654 FNL;
- Oasis has permits for three Owan wells, SWSE 26-154-102,
- to be sited 2272-2274 FEL with one 612 FSL; one 579 FSL; and, the third one 546 FSL
One permit renewed:
- 40248, Grayson Mill, A Tufto, Cow Creek, Williams County;
Two permits canceled:
- BR: two Sandie permits (#36405, #36406), McKenzie County;
One permit modification:
- 36614, BR, Sandie 2B-UTFH, McKenzie County.
Four producing wells (DUCs) reported as completed:
- 39382, 0, BR, Devils Backbone 3B MBH,
- 39384, 240, BR, Devils Backbone 1B UTFH,
- 39385, 8,475, BR, Watchman Peak 4-8-11TFH,
- 40326, 405, Petro-Hunt, State 144-98-16B-21-1H, Billings County;
Well of interest:
- 39385, 8,475, BR, Watchman Peak 4-8-11TFH,2560-acre spacing; sections 2 / 11 / 14 / 23-152-97. The map: looks like a standard 2-mile long Bakken horizontal on an 8-well pad, near another 8-well pad sited in the east:
Media -- Post-Election -- November 12, 2024
Locator: 48748MEDIA.
MSNBC saw its audience crater on Thursday and Friday, just days after the left-of-center network beat CNN in election night ratings for the first time ever.
Thursday’s total average daily viewers on Fox News came in at 2.6 million and 375,000 in the coveted 25-54 age demographic, according to Nielsen data. Meanwhile, MSNBC brought in only 596,000 total viewers and 71,000 in the demo. CNN brought in 419,000 total viewers on Thursday and 91,000 viewers in the demo.
These numbers mean nothing if Joy Reid is not let go.
Morning Joe had a very, very right-leaning discussion between the dual hosts. I was quite surprise. Joe Scarborough tried to walk back his comments from the past several years. It was incredibly obvious they were concerned about their credibility.
The credibility of these legacy networks was completely lost when their analysts could not even call various elections when it was obvious what was going on election night. Even so, The New York Times is still not calling several US House races even though the concession speeches have been made in three or four races. I don't think TNYT has updated the ballot count / results in the past couple of days.
See my update from late last night (or early this morning) which I've posted on twitter.
WTI Is Again Well Below $70 --- November 12, 2024
Locator: 48747B.
US oil production: do we need "drill, baby, drill"? Link here.
***********************************
Back to the Bakken
WTI: $68.50.
Wednesday, November 13, 2024: 16 for the month; 76 for the quarter, 590 for the year
None.
Tuesday, November 12, 2024: 16 for the month; 76 for the quarter, 590 for the year
- 40557, conf, CLR, Christopherson 5-14H,
Monday, November 11, 2024: 15 for the month; 75 for the quarter, 589 for the year
- 40637, conf, CLR, Vandeberg 5-35H,
Sunday, November 10, 2024: 14 for the month; 74 for the quarter, 588 for the year
- 42323, conf, Grayson Mill Operating, Hovland 26-35 XE 1H,
- 40316, conf, Grayson Mill Operating, Hovland 26-35 9H,
- 40315, conf, Grayson Mill Operating, Hovland 26-35 8H,
- 40292, conf, Grayson Mill Operating, Hovland 26-35 7H,
Saturday, November 9, 2024: 10 for the month; 70 for the quarter, 584 for the year
- 40638, conf, CLR, Christopherson 6-14H,
RBN Energy: when considering assets at risk to hurricanes, don't overlook offshore wind.
The Atlantic hurricane season often evokes worries about the oil and refined products industry, even far up the East Coast, thanks to the widespread impact of Superstorm Sandy a dozen years ago. But electricity production would also be at risk should a major storm once again make its way up the Eastern Seaboard thanks to the large-scale wind farms under development there, which are seen as important parts of plans to boost power generation and decarbonize the grid. In today’s RBN blog, we’ll examine the threats, how they might impact Atlantic Coast wind power, and how offshore turbines are designed to withstand severe storms. offshore wind.
Monday, November 11, 2024
Well, Well, Well -- Look At This -- Is The New York Times Playing Games? Winner, Winner, Chicken Dinner — November 11, 2024
Locator: 48746TRUMP.
Trump 2.0 tracked here.
From there, US House being tracked here.
From there, The New York Times tracking the votes.
Right now, 11:38 p.m. CT, November 11, 2024, screenshot:
These are the eight likely races that the GOP will win. Right now, the GOP has 214 seats; needs 218 seats for the majority.
Let's take a look at the seventh one on that list: Evans, Colorado's 8th congressional district, said by The New York Times still too close to call. With greater than 95% of the votes tallied this looked fishy. So I dug a little deeper. One click and this screenshot:
One day ago, yesterday, Denver7 said that Republican Gabe Evans wins (and flips) Colorado's 8th congressional district. Whoo-hoo!
But what's the story with The New York Times? I'm sure the results of at least two other races have also been decided but I'm tired, headed to bed. We can check tomorrow.
Okay, one more. Ciscomani, Arizona -- another GOP winner.
The New York Times: losing credibility.
Valadao in California won also. That's three.
Also, in California, Calvert won also. That's four.
And that's official.
GOP: president, US House, and US Senate.
That doesn't happen too often.
We'll see if Morning Joe reports it in the a.m.
Okay, now I'm heading to bed.
For USAF Veterans — November 11, 2024
Fast And Furious And Another Floridian -- November 11, 2024
Locator: 48744TRUMP.
Wow, compared to the Biden picks four years ago, wow, Trump is bringing a lot of adults to his administration.
So far, the best group of picks I've seen in any administration in recent memory. Compare any of his picks so far with Jennifer Granholm (SecEnergy, a politician, no experience in energy); Pete Buttigieg (politician, no experience in transportation); AG Merrick Garland (no credibility); Deb Haaland (has anyone even seen her; a politician from New Mexico; Interior.
Representative Mike Waltz, R-Florida, has been offered the role of national security adviser by Trump.
Wiki. Colonel in the US Army. One of the most visible surrogates during the 2024 campaign, spearheading military outreach and helping with the Veterans for Trump coalition. Think Gold Star Families.
Trump 2.0 is tracked here.
Another Floridian.
Marco Rubio -- Secretary Of State -- November 11, 2024
Locator: 48743TRUMP.
Trump 2.0 is tracked here.
Another Floridian.
Rubio and Trump are on the same page in the effort to stop Venezuela's oil exports. Complete embargo.
**********************
The Order In Which The "Nominations" Are Being Named
The order the nominations are being announced is very, very, very interesting.
- Chief of Staff -- first female chief of staff in history of the US
- Immigration -- received accolades from Obama on immigration control
- Deputy Chief of Staff for Policy (Immigration) -- probably the #1 policy maker on immigration
- Ambassador to UN -- from where is illegal immigration a problem? Mexico. Where best to handle Mexico? Through the UN?
Intel -- Two Trading Days Later -- November 11, 2024
Locator: 48745TECH.
Updates
November 13, 2024: Intel slashed its stake in an AI stock / company shortly before the stock surged. Link to Barron's.
Intel more than halved its stake in artificial-intelligence firm Astera Labs during the third quarter, missing out on a rally that has nearly doubled the stock price since September, 2024.
At the end of March, 2024, Intel owned six million shares of Astera, which makes semiconductor-based connectivity products used to build cloud and AI infrastructure. Astera went public that same month.
The stock had been priced at $30 each on March 19 for Astera’s initial public offering, which was well-received. On March 28, the last trading day of the month, Astera shares closed at $74.19, and Intel’s stake was valued at $448 million.
Astera shares slipped over the next several months. They ended at $60.51 on June 28, the last trading day of the second quarter. Intel’s stake of 5.9 million Astera shares at that point were valued at $357 million.
November 11, 2024: link here. TSMC will halt shipments of advanced chips to China immediately. If you go to the link, read the remark made by Mark Zuckerberg.
November 11, 2024: link here.
Ticker today:
Original Post
Previously posted with an update:
*************************
Meanwhile, The Mess Over At Intel Continues
A Linux patch suggests that Intel engineers plan to implement a feature that tags your system as vulnerable if you're running outdated microcodes, (via Phoronix). This comes in light of the recent Intel 13th Generation and 14th Generation degradation fiasco, which is now pushing Team Blue towards a class action lawsuit.
The patch argues that you cannot run a system with old microcode and consider it safe. Microcode is basically a set of instructions in the CPU that can be updated post-launch to fix critical flaws and security vulnerabilities. The patch proposes that users should be informed clearly and concisely that their PC is potentially unsafe - marking the system as vulnerable or not vulnerable. The author calls to report this vulnerability in "/sys/devices/system/cpu/vulnerabilities/old_microcode", so that a single file can be used to prompt the user to update their microcode.
Update, Saturday, November 9, 2024: with regard to the "mess over at Intel," link here: 
Or, direct to The Verge.
From the linked article:
Reviews of Intel’s new Arrow Lake-based Core Ultra 9 200S-series processor have been lackluster, specifically when it comes to gaming performance, but Intel says that’s not the end of the story.
Its new chips should be performing better, and the company will have an ETA on getting them there soon, according to Robert Hallock, Intel’s VP and GM of client AI and technical marketing, in a new interview with HotHardware’s Dave Altavilla and Marco Chiappetta.
Intel was up-front in saying these new chips wouldn’t beat AMD’s chips for gaming. But reviewers’ findings have been unexpectedly poor. Despite some efficiency gains like those noted in Tom Warren’s Verge review of the Core Ultra 9 285K, the new chip seems to lag behind even Intel’s earlier Raptor Lake chips in gaming. That’s to say nothing of its performance versus AMD’s very good Ryzen 9800X3D.It will be interesting to see if analysts read these reports.
**********************************
Disclaimer
Brief
Reminder
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- 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 something appears wrong, it probably is. Feel free to fact check everything.
- 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.
- Reminder: I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
- Longer version here.
The COP29 Update -- November 11, 2024
Locator: 48742ENVIRONMENT.
I'm lovin' it! Jesse Watters. The Megyn Kelly Show.
But I draw the line at Joy Reid. LOL. Although I may tune in for a moment or two. She's just so much to watch. LOL. [By the way, Megyn Kelly thinks MSNBC will let Joy Reid go.][Apparently Joy Reid liberal women are shaving their heads to show their defiance.] I learned a lot tonight on the Megyn Kelly show tonight. Nothing to do with right / left; conservative / liberal, but simply more about the issues in the Trump-Harris campaign. Top three issues -- and each issue was singly responsible for Trump winning -- but each issue was unique in different areas of the country -- the three issues -- inflation (high cost of groceries); immigration; trans. And that was it. Across all demographics the #1 issue was trans.
Again, I haven't watched these shows prior to six days ago, and now I'm addicted. YouTube has really raised the bar. Full episodes. Almost ad-free.
I can catch highlights of any sports event that I might have missed. It's amazing.
Kyoto Protocol: I've long lost the bubble on the Kyoto Protocol and the Paris Agreement. Apparently this is where it stands.
From Bjorn today:
COP29: the 29th conference of the UN Climate Change Conference -- Baku, November, 2024.
At the link, look at the attendees. Looks like a rogues list of grifters. Wow, what a group. My hunch: Trump's executive order has already been written, if not already signed. Just needs to be dated.
And then, this:
Who knows? Maybe he will surprise us.
**************************
Colugos Vs Lemurs
Colugos vs lemurs.
KPCOFLGS.
King Phillip carried off freedom-loving girl scouts.
Kingdom.
Phylum.
Class.
Order ("sisters")
Family (each "sister" has an extended family / families).
Genus.
Species.
*******
Class: Mammalia
Orders: there are 26 - 29 orders within the Mammalian class, including primates, carnivores, marsupials, and "dermopteras."
Lemurs are primates.
Colugos, often called flying lemurs, are not lemurs. In fact, they are not even in the same order as lemurs (primates).
Colugos are in a separate order of mammals: the order -- dermoptera, from the Greek, derma - skin and pteron - wing.
Lemurs: omnivores (like humans). Madagascar only.
Colugos: strict herbivores. Broad range -- southeast Asia.
So, both are mammals but they are "sisters" (orders) within the mammalian class. The mammalian class has 26 - 29 sisters (orders).
US House Control --- Again, The Sixth Industrial Revolution -- November 11, 2024
Locator: 48741ARCHIVES.
Breaking news: former NY GOP rep Lee Zeldin will lead the EPA. Wiki. Trump 2.0 is tracked here.
His first interview on Fox News: pursue energy dominance; make the US the AI capital of the world; rejuvenate the US automobile manufacturing sector. Roll back regulations that hinder US businesses. Constitutionally, the EPA is pretty low on the totem pole but the EPA has learned how to leverage the vague laws passed by the US Congress to the advantage of the progressives and against the working American. Speaking of guard rails: the EPA has probably "gone out of its lanes." Time for the EPA administrator to get the EPA back inside its lane.
Bingo: for those playing "Trump Bingo" at home, a talking head on CNBC just said "Goldilocks" when discussing Home Depot.
Now, back to regular programming.
Politics.
US House.
Commentary: I noted this morning that all the "liberal" political talk shows seem to have been making the same comments following the election. Now it makes sense. The "Pelosi" talking paper has been released and that will become / has become the official post-mortem for the Democrats political debacle.
Link here to the official "Pelosi Post-Mortem, 2024." This was the Times take-away: the election was not a rebuke of the Democrats. Maybe. Maybe not. But certainly a rebuke of the Democrat nominee. Kamala Harris did not do better than Biden in 2020 in any county in the entire US. Did not do better in any one county in the entire US. Yes, I would call that a rebuke.
Rachel Maddow airs tonight. Her talking points will parrot Pelosi's talking points.
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Market
S&P 500 closes above 6,000 for first time ever.
For those fully invested, the next four years could be amazing.
The sixth industrial revolution.
I'm not sure where "Bitcoin" fits into this model. A key component of the six industrial revolution is the huge amount of energy the US is going to need over the next twenty years. "Bitcoin" mining is going to add to that demand.
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Back to the Bakken
WTI: $68.11. Watch the price of gasoline plummet (except in California).