Inflation Watch -- Price Of Detergent -- Per Wash Load -- March 3, 2024

Locator: 46668WASH.

Assuming I did the math correctly. 

I bought four 31-ounce "bottles" of Tide detergent today, on sale at Walgreens, four bottles for $10.49.

4 x 31 = 124 ounces. Compare with a slightly higher price at Amazon.

$10.49 / 124 = 0.084597 cents per ounce.

The bottle states: 31 fluid ounces will be enough for 20 wash loads.

31 / 20 = 1.55 ounces per wash load,

1.55 ounce x 0.084597 cents / ounce = 13 cents per wash load.

So, now I know, when comparison shopping, 12 to 15 cents detergent for a single wash load.

Again, assuming I did the math correctly.

And as far as I know, detergent can be stored for a long time.

Everything Everywhere All At Once -- We've Gone From "Goldilocks" To "Gilded Age" -- March 3, 2024

Locator: 46667US.

Updates:

Later, 7:53 p.m. CT: this is pretty funny. Shortly after posting the original post below, maybe an hour ago, this popped up, The WSJ:

Exuberance is back in markets. A frenzy over artificial-intelligence technology has stoked a monster run in Nvidia shares. Major stocks indexes are clinching repeated records. And even bitcoin is threatening to set a new high.

In times like these, financial advisers caution clients not to let a fear of missing out drive their decision-making. They encourage them to diversify their holdings and stick with dollar-cost averaging—investing a fixed amount of money at regular intervals—because attempts to predict a market top or bottom rarely pay off. 

Jordan Buchanan, a 35-year-old Navy officer stationed in Virginia Beach, Va., opted not to renew his certificate of deposit when it matured in January, even though he could have gotten a 5% yield. Instead, he plopped $10,000 into

Nvidia

,

Super Micro Computer

,

Amazon.com

and

Microsoft

, among other stocks.

His portfolio is up 17% this year, outpacing the tech-heavy Nasdaq Composite’s 8.4% advance.

I know the shoe shine man is advising his clients to get out of cash. I have no plans to read the rest of The WSJ article. I'm going to the movies.

Original Post

EV implosion.

Bitcoin.

Ozempic.

Nvidia.

US equity markets hitting all-time records. Sometimes all-time records go back as many as two years.

The "trillion-dollar club" gets bigger. 

MMFs. 5%.

Apple Card pays 4.5% and guarantees $1 million. The FDIC max: $250,000.

PCE.

New phrase: "no rush to cut." No cuts in 2024?

US shale. WTI at $80. OXY can cover dividend at $40.

US infrastructure. CAT at record highs.

Presidential election.

AI.

Metonyms: Wall Street, Nvidia, Bakken, Ozempic.

Gaza.

Ukraine.

Sweden. NATO.

Asymmetric warfare on steroids: Red Sea; Ukraine.

Rule changes: IRA-RMDs, 529s.

DEI, ESG out. Returns in.

Private companies --> to the moon. 

Jobs everywhere.

Southern surge. 

Dune: Part 2. 

**************************
The Gilded Age

*****************************
"No Rush To Cut"

Everything Everywhere All At Once -- Shell Sells Solar By The Seashore -- March 3, 2024

Locator: 46667SOLAR.

Link here. 

This one has been in the queue a long time. I didn't know if it was worth posting. 

It probably isn't worth posting ... except a reminder ...

The story:

The Biden Pause -- A Pause Most Unfortunate -- March 3, 2024

Locator: 46666LNG.

Remember: "everything everywhere all at once.”

Qatar: taking huge advantage of the Biden pause.

Link here.

Qatar: reliable.

US: not.

Two New Tags: 1920s And GildedAge -- March 3, 2024

Locator: 46665B.

Two new tags: 1920s; GildedAge. 

In five words or less:

By the way, check out that typeface. How, at a glance, can you tell that it's not Aptos? Easiest way, look at the one-story "g" and the "a."

***************************
Change In Blogging Rules

My rule is to link "everything" in order to make it easier for readers (and myself) fact-check things -- particularly my typographical errors.   

But linking "everything" is tiresome, tedious, and takes up time. Starting today I will be very selective which screenshots from twitter that I link.

************************
From Twitter

*******************************
Dune: Part 2

 

Blogging Will Be Interrupted? The Basketball Game Is About To Begin; Sopia Is Coming Over; The PGA Is Getting Exciting; And Then NASCAR -- March 3, 2024

Locator: 46664CAITLIN.

This is incredible. The PGA goes into a rain delay -- right at noon, so we can switch to Fox to watch Caitlin. This is absolutely incredible.

My mother was a huge basketball fan and from Iowa. This would have made her day!

If you're not watching this game, you will be missing history in real time.

Ninety minutes of live television. Caitlin will be on screen eighty-nine of those minutes.

First rebound: Clark.

First score: Ohio. 

First score for Iowa: not Clark. A three-pointer and Iowa has the lead, but quickly loses the lead, 5 - 3.

Clark misses her first shot. Now tied, 5 - 5. 

Finally, Clark hits her first basket, a three-pointer. Needs 15 points to break Pete Maravich's record. It looks like Gabby Marshall is the "one" today. 

Clark on the bench. 

Amazing, all the three-pointers. 

Iowa blocked and fouled. Iowa up 13 - 7. 

Reminder: Iowa, #6; Ohio, #2.

Early 2nd quarter, 31 - 21.

Clark, nine points away.  Most recent shot did not count, traveling.

Clark, from downtown, six points away from record.

Four points away from record. From under the net.

Two points away from the record. From under the net. A record that has held for 54 years.

Seconds to go in first half.

Ohio coach gets a technical. Play -- the technical -- under review. Call held. Ohio player elbowed Caitlyn well after the play.  

WOW WOW WOW WOW WOW

Caitlin just made basketball history with 0.3 seconds to play. Then with 0.3 seconds, another two-pointer. 

50 - 39 at the half. Shot didn’t count. 48 - 39 at the half.

But the story is history.

I think the blogging on this game is over for me. 

With Hulu, one catch any number of sports events at one time. Amazing.

Final: 93 - 83. An all-time scoring record.  Absolutely blew away Ohio. It's on the Ohio coach.

The Bakken Vs Guyana -- Bakken Operators Ranked By "Excitement" -- March 3, 2024

Locator: 46663B.
Locator: 46663GUYANA.

Link here.

Earlier I posted this:

Locator: 46656GUYANA.

Link here. 

Guyana is tracked here.  

When I read these stories I almost get the feeling that folks forget how much oil the Bakken is producing.

So, I decided to do check. Came up with this.

******************************
Bakken Operators

I've long lost the bubble on acreage in the Bakken and production by Bakken operators, for various reasons, but for the "excitement" factor, I think CLR has dropped from first to third place:

For "excitement," these are the top five:

• Chord Energy: Oasis + Whiting + Enerplus (Enerplus may be the best operator of the three but that would be a close call vs Oasis).
  
• Devon: Devon + WPX (reservation; huge).
  
• CLR: went private; history of "damn the torpedoes, full speed ahead." 
• Hess: could move higher if CVX successful in merger, but increasingly unlikely. Might CVX take another look at Hess even if CVX doesn't get Guyana?
• EOG, tied with others.
  

Flashback: Look At These Data Points From September 31, 2021 -- The Last Day Of The Government's Fiscal Year 2021

Locator: 46661FLASHBACK.

This is absolutely why I love to blog and why the blog is as eclectic as it is. Enjoy. 

Check out the GDP, PCE, inflation rate, interest rates, etc. 

Link here.

S&P, NASDAQ: higher for 3Q21

• could post 6th quarterly gain

Jobs (yawn):

• up 11,000 to 362,000 vs 330,000 expected
• GDP, revised, 2Q: 6.7% vs prior 6.6%
• 2Q21: pce price index: core inflation, 2Q: 6.1% vs prior estimate, 6.1%
  
• ten year treasury: 1.538%
  

California bacon:

• across the state, newspapers are reporting skyrocketing prices for bacon; none mention the new California law, Proposition 12, that will come into effect January 1, 2022; one link here;
• pork producers appeal to US Supreme Court; link here;
• how severe is the bill?
• Prop. 12 requires each sow whose piglets are raised for uncooked cuts of pork sold in California – about 9% of North American sows – to have a minimum of 24 square feet of space. Because Prop. 12 applies only to sows, not to their offspring who are raised for meat, it will apply to well less than 1% of the 90 million North American hogs.

Hit and run: South Dakota attorney general reaches confidential settlement with widow. Link here.

• deer wearing glasses; carrying flashlight;
• hooves in passenger seat
  

European energy:

• Sweden recently shut down two nuclear reactors, giving in to faux environmentalist;
• country now firing up oil power plant to provide electricity: one bbl/hour; link here;
• this is going on around the globe; helps explain the surge in price of oil;

Mu? all that hand-wringing earlier this year about the "mu variant"? Eradicated. 

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.

Investors, shale, link here, the usual suspects:

• XOM, CVX
• COP
• EOG
• PXD
• OXY
• CLR

Starbucks: increases dividend by about 10%; from 45 cents to 49 cents/share.

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.

Chamath: I happened to see this interview live;

• CNBC anchor dumbfounded;
• "February, 2021: the Whale, Chamath went on CNBC to urge people to never bet against Tesla, or sell t their shares." HODL.
• In the interview yesterday, he admitted he sold off his entire position in Tesla. 
• said he needed the cash to buy something better
  
• creep.

Word for the day: forecourt. That's what they call them in Britain.

Poster for the day: link here. NSFW.

Costs: the other day a reader asked why we were not seeing more drilling in the Bakken.

• one of many reasons: link here; but I don't think this is the big reason for the Bakken

Covid-19: vaccinations provide stronger protection than natural immunity. Hmmm. Link here. 

China: further restricts power use amid widening energy crisis. Link to Tsvetana Paraskova. 

Asian LNG: spot price rises to $200+ boe. Countries will now start burning oil at 1/3rd the cost. 

• Transitory. This, too, shall pass. 

Peak demand? LOL:

• rapid demand recovery hints at even higher oil prices; link to Tsvetana Paraskova;
• OPEC sees global oil demand growing until 2035; link to Tsvetana Paraskova;
  

Remember the name: Port of Fujairah. Link to Simon Watkins. 

Dividends: paying dividend today. 

• UNP: $1.07
• DVN: 38 cents
• Hess: 25 cents
• Ovintiv: 14 cents

Stagflation: link here, back to the "70's Show." 

• read the comments, give me a break: interest rates, today: 0%; interest rates in the 70s: 14%;

Sports Day -- March 3, 2024

Locator: 46660SPORTS.

Absolute don't forget: women's NCAA basketball, 12:00 p.m. CT, needs to be fact-checked, check your local listing, Caitlin Clark, Iowa vs some other team.

• Caitlin goes to the WNBA next season; will skip senior year

NASCAR: Las Vegas.

PGA. 

*************************
Streaming

I honestly don't get it.

Sling TV is a $25 - $45 / monthly streaming internet / television / cable /whatever service, and yet, with my Amazon Fire Stick I get Sling TV and so much more for no additional cost. 

I honestly don't get it. Hulu and Amazon Fire Stick seems to get me everything I would ever want. My wife pays for Netflix which I never watch. I discontinues Apple TV+ some months ago. Lousy content, although it looks like Apple is raising the bar. We'll see.

Initial Production For Wells Coming Off Confidential List This This Next Week -- March 3, 2024

Locator: 46659B.

The wells:

• 39401, conf, Hess, TI-Ives-157-94-0601H-3, Tioga,

Date	Oil Runs	MCF Sold
12-2023	12795	13072
11-2023	11321	13624
10-2023	14423	15228
9-2023	13665	17188

• 39250, conf, Whiting, S-Bar Brandon 5393 34-1 5T, Sanish,

Date	Oil Runs	MCF Sold
12-2023	11036	11244
11-2023	11370	11603
10-2023	12898	12318
9-2023	7858	7889

• 38102, conf, BR, Stafford 01-34TFH, Blue Buttes, npd,
• 39584, conf, Whiting, DE Bud 44-32-4TFH, Sanish,

Date	Oil Runs	MCF Sold
12-2023	19830	21877
11-2023	23013	24249
10-2023	10111	7927
9-2023	14155	6118

• 39583, conf, Whiting, DE Bud 44-32-4H, Sanish,

Date	Oil Runs	MCF Sold
12-2023	17283	20399
11-2023	20418	21759
10-2023	15075	13692
9-2023	7332	3459

• 39551, conf, Whiting, S-Bar Devon 5393 34-1 7T, Sanish,

Date	Oil Runs	MCF Sold
12-2023	17020	21319
11-2023	16145	20509
10-2023	16486	19115
9-2023	11331	11466

• 39550, conf, Whiting, S-Bar Joanna 5393 34-1 6B, Sanish

Date	Oil Runs	MCF Sold
12-2023	16107	16774
11-2023	14790	14027
10-2023	16076	13591
9-2023	12323	9349

• 39506, conf, Oasis, Pocono 5302 33-4 5B, Rosebud,

Date	Oil Runs	MCF Sold
12-2023	24363	17942
11-2023	20198	8827
10-2023	18763	5952
9-2023	12406	7346

• 39503, conf, Oasis, Pocono 5302 33-4 2B, Rosebud,

Date	Oil Runs	MCF Sold
12-2023	22626	14354
11-2023	20860	10795
10-2023	23090	7116
9-2023	12289	7699

• 39484, conf, Oasis, Ledahl 5402 42-33 5BX, Painted Woods,

Date	Oil Runs	MCF Sold
12-2023	25751	17030
11-2023	23259	15098
10-2023	29171	17334
9-2023	15289	9221

• 39483, conf, Oasis, Ledahl 5402 42-33 4B, Rosebud,

Date	Oil Runs	MCF Sold
12-2023	25544	16515
11-2023	25135	16248
10-2023	26780	15107
9-2023	15464	9116

• 39794, conf, Petro-Hunt, Terres 144-98-13A-24-3H, Little Knife, npd,
• 39611, conf, Grayson Mill, Barracuda 150-100-2-11-6H, Sandrocks, npd,
• 39505, conf, Oasis, Pocono 5302 33-4 4B, Rosebud,

Date	Oil Runs	MCF Sold
12-2023	21948	17094
11-2023	20884	9156
10-2023	22673	7507
9-2023	13519	8496

• 39504, conf, Oasis, Pocono 5302 33-4 3B, Rosebud,

Date	Oil Runs	MCF Sold
12-2023	18993	12257
11-2023	16796	24375
10-2023	20865	34919
9-2023	16192	10467

• 39793, conf, Petro-Hunt, Terres 144-97-18B-19-1H, Little Knife, npd,
• 39739, conf, Iron Oil Operating, Antelope 5-36-25H, Antelope Creek,

Date	Oil Runs	MCF Sold
12-2023	16623	20504
11-2023	17903	21534
10-2023	21217	24461
9-2023	9505	11755

• 39738, conf, Iron Oil Operating, Antelope 4-36-25H, Antelope Creek,

Date	Oil Runs	MCF Sold
12-2023	14340	17402
11-2023	16755	18982
10-2023	19337	23396
9-2023	9720	1079

• 40054, conf, Oasis, K2 Holdings 5401 11-31 3B, Todd, npd,
• 39612, conf, Grayson Mill, Barracuda 150-100-2-11-6H, Sand Rocks, npd,
• 39585, conf, Whiting, DE Bud 44-32-5H, Sanish,

Date	Oil Runs	MCF Sold
12-2023	19830	21877
11-2023	23013	24249
10-2023	10111	7927
9-2023	14155	6118

• 39572, conf, Grayson Mill, Barracuda 150-100-2-11-8H, Sand Rocks, npd,
• 36282, conf, Enerplus, Warthog 149-93-31D-30H-TF,
• 40006, conf, Slawson, Thor 2-31-30H,
• 36280, conf, Enerplus, Meerkat 149-93-31D-30H,

Wells Coming Off Confidential List This Next Week -- March 3, 2024

Locator: 46658B.

There are two things that stand out on this list. See if you can spot them.

Wednesday, March 13, 2024: 113 for the month; 172 for the quarter, 172 for the year
39401, conf, Hess, TI-Ives-157-94-0601H-3,
39250, conf, Whiting, S-Bar Brandon 5393 34-1 5T,
38102, conf, BR, Stafford 01-34TFH,

Tuesday, March 12, 2024: 110 for the month; 169 for the quarter, 169 for the year
39584, conf, Whiting, DE Bud 44-32-4TFH
39583, conf, Whiting, DE Bud 44-32-4H,
39551, conf, Whiting, S-Bar Devon 5393 34-1 7T,
39550, conf, Whiting, S-Bar Joanna 5393 34-1 6B,

Monday, March 11, 2024: 106 for the month; 165 for the quarter, 165 for the year
39506, conf, Oasis, Pocono 5302 33-4 5B,
39503, conf, Oasis, Pocono 5302 33-4 2B,
39484, conf, Oasis, Ledahl 5402 42-33 5BX,

Sunnday, March 10, 2024: 103 for the month; 162 for the quarter, 162 for the year
39483, conf, Oasis, Ledahl 5402 42-33 4B,

Saturday, March 9, 2024: 102 for the month; 161 for the quarter, 161 for the year
39794, conf, Petro-Hunt, Terres 144-98-13A-24-3H,
39611, conf, Grayson Mill, Barracuda 150-100-2-11-6H,
39505, conf, Oasis, Pocono 5302 33-4 4B,
39504, conf, Oasis, Pocono 5302 33-4 3B,

Friday, March 8, 2024: 98 for the month; 157 for the quarter, 157 for the year
39793, conf, Petro-Hunt, Terres 144-97-18B-19-1H,
39739, conf, Iron Oil Operating, Antelope 5-36-25H,
39738, conf, Iron Oil Operating, Antelope 4-36-25H,

Thursday, March 7, 2024: 95 for the month; 154 for the quarter, 154 for the year
40054, conf, Oasis, K2 Holdings 5401 11-31 3B,
39612, conf, Grayson Mill, Barracuda 150-100-2-11-6H,
39585, conf, Whiting, DE Bud 44-32-5H,

Wednesday, March 6, 2024: 92 for the month; 151 for the quarter, 151 for the year
39572, conf, Grayson Mill, Barracuda 150-100-2-11-8H,

Tuesday, March 5, 2024: 91 for the month; 150 for the quarter, 150 for the year
None.

Monday, March 4, 2024: 91 for the month; 150 for the quarter, 150 for the year
36282, conf, Enerplus, Warthog 149-93-31D-30H-TF,

Sunday, March 3, 2024: 90 for the month; 149 for the quarter, 149 for the year
40006, conf, Slawson, Thor 2-31-30H,
36280, conf, Enerplus, Meerkat 149-93-31D-30H,

Saturday, March 2, 2024: 88 for the month; 147 for the quarter, 147 for the year
None.

Sunday Morning Coming Down — Literally — March 3, 2024

Locator: 46657SNOW.

 https://twitter.com/search?q=%22Donner%20Pass%22&src=trend_click&vertical=trends

And then this:

Never forget! "Polarized" cap? What the heck is that? 

Shortest driving route through all 48 lower states: link here. It would be nice to see locations off EV charging points along this route: