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Sunday, July 21, 2024

The Book Page -- July 21, 2024

Locator: 48207BOOKS.

Matt Seaton:

  • a senior editor of The Atlantic;
  • former editor, nybooks.com.

"The Culture Survey," Isabel Fattal, The Atlantic, Matt Seaton, July 21, 2024, reviews a number of items for his weekly "culture survey."  This was one snippet from that long article published today, Sunday:

I'm happy to say that I've read Villette. Years ago. During a period in which I was reading voraciously. 

I had the same experience with Mrs Dalloway. I never understood the "appeal" of this much-read, much-reviewed novel by Virginia Woolf. It took me three readings to finally "get it," and that only because the third "reading" I typed out the entire novel. That gook me six months. I typed a few pages each day for six months before I finally completed it.

Several pages into the novel I realized it was a prose poem and typed the entire novel in "free verse," which I've uploaded to the internet.

I may have to go back and re-read Villette. But if I do, I'm also obliged to go back and re-read Silas Marner.

The Foundries -- July 21, 2024

Locator: 48206FOUNDRIES.

Chips, semiconductor: link here.

Foundries: link here.

Anticipating The Market After Biden Drops Out -- July 21, 2024

Locator: 48205GREENENERGY.

Tag: fake EVS

We'll start here. Link here.

This was during the renewable-friendly Biden administration. Something tells me renewables may not be high on the Trump-Vance agenda. But, then again, that's just me.

And then this, from oilprice and Alex Kimani:

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Luxury Hybrids

So, now we go from luxury EVs to luxury hybrids.

Link here.

Biden Out -- 1:01 P.M. CDT -- July 21, 2024

Locator: 48204BIDEN.

Updates

Monday, July 22, 2024: Democratic presidential nominees in the modern era --

  • 2024: Kamala Harris: 
    • will Kamala repeat 1960, or begin the long run of Democrat disasters between 1968 and 1988?  On her published list, the most reasonable choice, the governor of KY -- enough to the Midwest, and north-south bridges Pennsylvania, Rust Belt with the dynamic south
  • 2020: Joe Biden -- W; VP relatively unknown
  • 2016: Hillary Clinton -- L; VP very unknown
  • 2012: Barack Obama -- W; VP very well known
  • 2008: Barack Obama -- W; VP very well known
  • 2004: John Kerry -- L; VP somewhat well known
  • 2000: Al Gore -- L; VP very well known, but generally felt to be weak
  • 1996: Bill Clinton -- W; VP well known;
  • 1992: Bill Clinton -- W; VP well known;
  • 1988: Michael Dukakis -- L; VP well known, but weak selection
  • 1984: Walter Mondale -- L; VP well known, but too soon for most Americans
  • 1980: Jimmy Carter -- W; VP well known in the midwest;
  • 1976: Jimmy Carter -- W; VP well known in the midwest;
  • 1972: George McGovern -- L; VP; didn't matter but what a disaster;
  • 1968: Hubert Humphrey -- L; VP; didn't help; in the end, hurt;
  • 1964: LBJ -- W; VP, again, well known in the midwest;
  • 1960: JFK -- W; VP, good choice in big scheme of things;

Monday, July 22, 2024: The [London] Telegraph, America is paying the price of Biden's monstrous lie.

Later, 9:57 p.m.: this is the Democratic Party’s way of invoking the 25th Amendment. One wonders if Pelosi et al were ready to Amazon a tachi or a tantō to the White House if the president refused to accept the reading of the tea leaves? Or, in the alternative, the head of a dead horse? [to Amazon, verb, transitive, “to send.”]

Later, 9:20 p.m.: I don't know how many folks have seen the most recent video of President Biden coming the steps from Air Force One. I'm not making light of this but he looked like a dead man walking. It was startling, even after seeing "the debate." Having made his decision will remove a lot of "weight off his shoulders" but if he gets into a depressive funk ....  it will be interesting to see how soon he returns to work. 

He really has only one last scheduled event of any importance: the promised "talk" with the nation about his decision. And that's it. And by the time he gives it the nation will have already moved on, to the next chapter in Kamala's political career.

I assume, to some extent, 90% of what crosses his desk will no longer seem important to him. He may hand over the reins to his VP this week. It will be the first time in his career he won't be phoning donors for contributions. It's all Kamala's show now, at least until the convention, August 19 - 22, 2024. 

Back to Kamala. There's a lot of talk about possibly someone else but at the end of the day, can anyone put together a national campaign in 77 days (August 22 - November 7)? Can she even name her VP prior to the convention?

I'm not saying Kamala Harris (or another Democratic nominee) can't beat Trump - Vance but if Trump wins by an electoral landslide, a lot of folks will suggest that Biden, his family, and his handlers set the Democratic Party up for failure. 

Absolutely fascinating.

Original Note


This was announced at 1:00 p.m. CDT, Sunday, July 21, 2024.

It's now 1:05 p.m. CDT and the news is being reported live on NBC News.

By 1:15 p.m. CDT this will be old news and the media will switch to the "search" for the Democratic presidential nominee. 

Biggest question for me: how does this affect the US equity markets tomorrow?

Back to the big story. Many, many references to the Biden family trying to make the decision. The "Biden Family"? Oh, give me a break. The Biden family: Joe, Jill, and Hunter. 

My hunch: on his way out, Joe will pardon his son, Hunter. 

Greek tragedy.

Deus ex machina

One name: Joe. Another Joe. Joe Manchin. 

If it's Kamala Harris, it's a "new" generation for America.

Kamala Harris: age, 59.

JD Vance: age 39.

JFK: 43 years of age at time of inauguration.

Today: will Hillary Clinton be first out of the gate asking for Democratic unity?

Biden's legacy: pushed out of an election twice by Barack Obama. 

Breaking: Biden endorses his VP Kamala Harris, 1:17 p.m. CDT, July 21, 2024.

The question:

  • was Biden's endorsement, his alone, or
  • did the puppet masters (Obama, Clinton) make the decision for him?

DEI: for Biden to have endorsed anyone other than his "black" female VP would have been absolutely unacceptable for the Democratic Party.

Democrats "deep bench." From The NY Times today:

The Democratic Party has a deep bench now. Among the potential candidates to watch are a handful of governors: Gretchen Whitmer of Michigan, Josh Shapiro of Pennsylvania, Gavin Newsom of California, JB Pritzker of Illinois and Andy Beshear of Kentucky. Other potential candidates include Pete Buttigieg, the secretary of transportation, and Senators Amy Klobuchar of Minnesota and Cory Booker of New Jersey.

Because she's from California, she can't pick Gavin Newsom.

Can't have two women on the ticket.

That leaves: Josh Shapiro (Pennsylvania), JB Pritzker (Illinois), Andy Beshear (Kentucky), Cory Book (NJ), and Pete Buttigieg. 

My hunch: of those left, Harris feels most comfortable with Buttigieg, but he won't play well this year. 

Illinois? JB Pritzker. Pennsylvania? Josh Shapiro.

What an incredible moment in history!

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Speaking of Fossils

One of my favorite books, science, paleontology: Richard Dawkin's The Ancestor's Tale.

Link here. At the link, search ancestor's tale.

Essexella. An anemone base, not a jellyfish.

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Meanwhile

Five races left in the NASCAR race to the finish. 

Today, Indianapolis. 

2.5-mile oval. 

400 / 2.5 = 160 laps.

Movie "Twisters" Heading For Epic Weekend -- July 21, 2024

Locator: 48203MOVIE.

Three links:

This does not look like a struggling economy or a struggling consumer. Just saying.

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Swimming Every Day

Generally I try to get forty lengths of the pool in -- or, I guess, 20 laps. Yesterday, seven lengths of the pool  -- I doubt I will be swimming today. Light rain now and it doesn't look like it will let up any time soon.

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The Book Page

From my journals, how I discovered Middlemarch, perhaps the turning point in my reading, decades ago: 

I asked Mary Corbin, San Antonio, 2005 who had her master’s degree in British Literature and taught British Literature most of her life, where to go next.  

Among many works, she mentioned (and raved about Silas Marner by George Eliot).  

I had read Silas Marner in high school but did not recall it.  I went to the half-price bookstore and bought a copy of Silas Marner but saw a thicker novel by George Eliot that intrigued me even more:  Middlemarch.  At the time of this writing, I am now halfway through that novel and enjoy it immensely.  [I read Silas Marner later.  To say that Silas Marner was incredible is an understatement.  My contemporaries remember Silas Marner being about “a creepy man” if they remember the story at all.  The story is so wonderful on so many levels.  I want to read it again; I now understand why people read great books over and over.]

Also, for the "book page," this from wiki. I was reminded of this from an "essay" in today's New York Times. The link:

Open Marriage: A New Life Style for Couples was a best selling book published by M. Evans & Company in 1972 by Nena O'Neill and George O'Neill. It was on the New York Times Best Seller list for 40 weeks.
It has been translated into 14 languages and has sold more than 35 million copies worldwide according to the publisher.
The book changed the meaning of the term.
The O'Neills describe open marriage as a relationship in which each partner has room for personal growth and can individually develop outside friendships, rather than focus obsessively on their couplehood and their family unit (being "closed"). Most of the book describes approaches to revitalizing marriage in areas of trust, role flexibility, communication, identity, and equality. Chapter 16, entitled "Love Without Jealousy", devoted 20 pages to the proposition that an open marriage might possibly include some forms of sexuality with other partners. Fueled by frequent appearances of the O'Neills on television and in magazine articles, the redefinition entered popular consciousness, and open marriage became a synonym for sexually non-monogamous marriage.

Years ago, I met a woman in England whose husband unilaterally decided to move into an "open marriage" lifestyle. She "accepted" it at the time, but I returned to the "states" too soon to find how it turned out. My hunch: the marriage did not survive. They had no children and at their stage in their lives would be unlikely to ever have children. 

Peggy Noonan's Most Recent: It's Trump's Party -- July 21, 2024

Locator: 48202TRUMP.

Link here.

From the linked op-ed:

The headline: This wasn’t a divided party, it was a party united. It wasn’t only Mr. Trump’s party, it was an explicitly Trumpian party.

We saw something epochal: the finalization and ratification of a change in the essential nature of one of the two major political parties of the world’s most powerful nation. It is now a populist, working-class, nationalist party.

That is where its sympathies, identification and affiliation lie. There will be shifts, stops and accommodations in the future, no party ever has a clear line, history intervenes, but it is changed, and there will be no going back.

This was a party that at least for a week could turn the page on its obsessions. Election denialism was out, a post-DEI future in.

Observers have noted how joyous the delegates seemed, and they did. It is not only that they believe the assassination attempt, and Mr. Trump’s response to it, which has entered American political mythology, seemed to confer an air of the mystical and an affirmation of their loyalty. They were also happy because it’s settled now, and they won.

Link here.

WMB Pipeline -- Actually Two Pipelines -- In The News -- July 21, 2024

Locator: 48201WMB.

First pipeline: the Louisiana Energy Gateway project, LNG, Texas to Louisiana

Second pipeline: WMB's Southeast Supply Enhancement gas pipeline, from the Mountain Valley gas pipeline to customers in the Mid-Atlantic and Southeast; same link as above;

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Biden's LNG Export Pause -- 
Little To No Effect On US Exports

Link here.

Little to no effect and it simply made Biden look anti-US energy. Just to please faux environmentalists. 

North Dakota Led The Country In Electricity Demand Growth, 2019 - 2023 -- EIA - July 21, 2024

Locator: 48200ND.


More today
: from UtilityDrive -- electricity sales in North Dakota jumped 37% in the four-year period, 2019 - 2023, the most of any state, according to the EIA.

U.S. commercial sector electricity use grew 1% last year from 2019 levels, but the growth was driven by data center development in 10 states, according to the Energy Information Administration. 

The agency expects electricity sales to the U.S. commercial sector will grow 3% this year and by 1% in 2025, largely driven by the development of large-scale computing facilities such as data centers and cryptocurrency operations, the EIA said in a June 28 report. 

Commercial sector electricity demand in the 10 states with the most demand growth jumped 10%, or by a total of 42 billion kWh, between 2019 and 2023, according to the EIA. Demand in the 40 other states fell 3%, or by 28 billion kWh, in the same period.

Virginia, Texas, South Carolina and Arizona led the way with the highest commercial sector demand growth while Pennsylvania, New York, Illinois and New Jersey had the largest losses in commercial sales, the EIA said. 

Sales in North Dakota jumped 37% in the four-year period, the most of any state, according to the agency.

Earlier

Re-posting from July 9, 2024:  

Look at the EIA chart:


What's the most notable thing about that chart? Hint: look at the "legend."

And more:

The EIA link.

Back to the chart itself and the legend.

This is not a "growth in energy demand" on a percentage basis; this is the change in energy demand in raw numbers. 

Virginia is the darkest blue, followed closely by Texas. Then South Carolina.

Then it's a toss-up but it looks like #4 and #5 are North Dakota and Arizona. Then Oklahoma and Florida. 

But as noted, this is a really great chart. Look at the states with negative energy demand (yellow): New York, Pennsylvania, Illinois. Wow.

Then California. 

I was surprised Colorado, Tennessee, Missouri, New Jersey in various shades of yellow.

Back to blue: it's not just data centers, but it's also the oil industry -- Texas, Oklahoma, and North Dakota.

Spend some time on this chart; think about it. Look at some of the "less blue" states -- particularly interesting: Idaho and Nevada for the West Coast folks; and Mississippi and Georgia for the East Coast folks. I was surprised to see North Carolina so pale blue.

Initial Production For Wells Coming Off Confidential List This Next Week -- July 21, 2024

Locator: 48199B.

The wells:

  • 40412, conf, CLR, Anheluk 5-26HSL, St Demetrius, npd,
  • 40176, conf, Slawson, Cyclone 5-21-16H, Arnegard, npd,
  • 40086, conf, Phoenix Operating, Jean Ferrari 26-35-2 1H, Smoky Butte,
DateOil RunsMCF Sold
5-2024152816871
4-2024140436603
3-2024125325357
2-2024124103430
  • 39514, conf, Liberty Resources, Haley E 158-93-29-32-4MBH, East Tioga,
DateOil RunsMCF Sold
5-20241548519755
4-20241863121277
3-20241939122886
2-20242750335334
1-20242159
  • 40413, conf, CLR, Hellickson Paluck 2-25H, St Demetrius, npd,
  • 40087, conf, Phoenix Operating, Jean Ferrari 26-35-2-2H, Smoky Butte,
DateOil RunsMCF Sold
5-2024139206426
4-2024139016565
3-2024124055129
2-2024115673296
  • 39515, conf, Liberty Resources, Haley E 158-93-29-32-5MBH, East Tioga,
DateOil RunsMCF Sold
5-20241912027876
4-20242344027932
3-20242401529733
2-20242878636823
1-20246529
  • 40414, conf, CLR, Urban 2-36H, St Demetrius, npd,
  • 40175, conf, Slawson, Cyclone 4-21-16H, Arnegard, np,
  • 40301, conf, Whiting, Sanish Bay E Federal 5292 22-7 6B, Sanish, npd,
  • 40174, conf, Slawson, Cyclone 3-21-16H, Arnegard, npd,
  • 40300, conf, Whiting, Sanish Bay E Federal 5292 22-7 7B, Sanish, npd,
  • 40415, conf, CLR, Chase 6-19HSL, Jim Creek, npd,
  • 40321, conf, Whiting, Sanish Bay E Federal 5292 22-7 8B, Sanish, npd,
  • 40271, conf, CLR, Sloan 3-18HSL, Jim Creek, npd,
  • 40173, conf, Slawson, Cyclone 2-21-16H, Arnegard, npd,

  • 39968, conf, Petroshale, Primus 2TFH, Antelope, npd,
  • 39636, conf, Hess, TI-State-158-95-3635H-2, Tioga,
DateOil RunsMCF Sold
5-20241258617011
4-20241242513751
3-20241190612744
2-202452458213
1-202437944111
  • 39967, conf, Petroshale, Primus 2TF2H, Antelope, npd,
  • 40255, conf, CLR, Chase 2-18HSL, Jim Creek, npd,
  • 39966, conf, Petroshale, Primus 1MBH, Antelope, npd,
  • 40256, conf, CLR, Chase 3-18H, Jim Creek, npd,