1967 -- Summer Of Love -- Posted July 22, 2024

Locator: 48214MUSIC.

LBJ: March 31, 1968. Fifty-six years ago.

Why President Biden finally quit. Link here.

Radio Caroline. Link here. 

Bonnie Greer. Link here.

Where were you in 1967?

It is truly amazing, the extent to which music "frames" our lives.

Link here.

Four New Permits; Four Permits Renewed; Two Permits Canceled; Two DUCs Reported As Completed -- July 22, 2024

Locator: 48213B.

WTI: $79.78.

Active rigs: 39.

Four new permits, #40946 - #40949, inclusive:

• Operators: Hess (3); Five States Operating
• Fields: Tioga (Mountrail); Bull Creek (Stark)
• Comments:
• Five States Operating has a permit for a BC well, SESE 16-138-99, 
• to be sited 250 FSL and 1270 FEL;
• Hess has permits for three Bakken wells, SWNW 8-157-94; 
• all three to be sited 325 FWL, with one 1625 FNL; another 1592 FNL; and, the third 1559 FNL;

Four permits renewed:

• XTO (3): three State Federal permits, Grinnell oil field; Williams County
• Neptune Operating, CPEUSC Holmes, Blue Ridge, Williams

Two permits canceled:

• Whiting, Monson, McKenzie
• MRO, Truax, Dunn 

Two producing wells (DUCs) reported as completed:

• 39561, 823, Oasis, Hagen Federal 5792 43-31 3B, Mountrail
• 40186, 1,674, CLR, Sloan 7-8H, Dunn

Two injection wells completed:

• XTO: two Nygaard Federal wells, Dunn County

Chart Of The Day -- Re-Posting -- July 22, 2024

Locator: 48212ECONOMY.

Chart of the day:

But the chart of the day for all the folks complaining about the plight of Americans. 

Link here.

Yes, I know.

Putin About To Lose Russia's "Holy Land" -- July 22, 2024

Locator: 48211RUSSIA.

Link here. Archived.

Off everyone's radar scope. 

Interesting development.

Data points:

• Russia's Black Sea Fleet
• Sevastopol: the main base for Russia's Black Sea Fleet since 2014
• the base apparently has been decommissioned
• Russia's last remaining warship left Sevastopol last week

Narrative from the linked article: see archived article.

From wiki: pretty blunt --

The ongoing Russo-Ukrainian War led to major operations and losses due to Ukrainian missiles and umanned surface vehicles including the flagship Moskva and several landing vessels. Additionally, there was a 2023 Ukrainian missile strike against the Black Sea Fleet HQ in Sevastopol itself another happened on 24 March 2024. Ukraine spokesman has said that they have disabled or damaged one third of the fleet during the war.

It is now highly likely that Ukraine has destroyed all of the Black Sea Fleet's missile carrier capability based in Crimea.

I doubt Trump understands this. Remember: Trump wants to disengage from Europe and from Taiwan. This is an isolationist approach seen back in the late 1930s.

For Long-Term Apple Users -- July 22, 2024

Locator: 48210APPLE.

The following does not apply to heavy end users: 

• gamers
• programmers
• developers
• Hollywood movie producers, directors, animators, etc
• website developers
• others 
  

Apple: 

• iPhone 17. Note tech specs.
• iPhone 17 SE, will significantly increase size from 4.7 inches to 6.06 inches
• A18 chip like iPhone 16; OLED panel for the first time ever; 6GB to 8GB of LPDDR5 memory, aluminum chassis, and a single rear 48-megapixel camera; price point fo $499 to $549; current model launched in March, 2022 for $429.
• going forward, for long-term Apple uses: it's all about the camera;
• when buying through a telecom provider and buying over two years, price is almost inconsequential for folks who want the best camera available in an iphone
  

Apple:

• devices
• desktop: only at work; no longer needed at home (unless one does a lot of work from home)
  
• it's hard to believe but I never, never use a desktop computer any more; my 27-inch iMac is for watching television only and a Philips (or perhaps any other brand) smart TV with Amazon's FireStick beats the iMac for streaming; 
• the 27-inch iMac was introduced in 2014; still seems brand new, and no longer available in the 27-inch size; discontinued in 2022
  
• whatever I paid for it years ago, is long forgotten; I probably bought it in 2018 or thereabouts
• was the last of Apple's Intel models
  
• for gamers, programmers, etc
• for gamers, streaming --> Vision Pro
  
• laptop: everywhere, all the time -- home, traveling, investing, work, play, college-must-have
  
• tablet: a must for college classrooms; staple in one's backpack; bedside
• iPhone: which model -- comes down to one binary choice -- best camera vs don't need the best
• after that (the camera choice), then it almost makes no difference
• bottom line: college students need three Apple devices: an iPhone, an iPad, and a laptop; 
• update each one every third year; update one device each year.
• college tuition runs tens of thousands of dollars tuition (does not include room, board, fees, books, transportation -- upgrade each year, <$2,000
• $2,000 / $50,000 (college expenses each year, minimum) = 4%

Headlines -- Monday, July 22, 2024

Locator: 48209TECH.

Apple: 

• iPhone 17. Note tech specs.
• iPhone 17 SE, will significantly increase size from 4.7 inches to 6.06 inches
• A18 chip like iPhone 16; OLED panel for the first time ever; 6GB to 8GB of LPDDR5 memory, aluminum chassis, and a single rear 48-megapixel camera; price point fo $499 to $549; current model launched in March, 2022 for $429.
• going forward, for long-term Apple uses: it's all about the camera;
• when buying through a telecom provider and buying over two years, price is almost inconsequential for folks who want the best camera available in an iphone
  

Apple:

• devices
• desktop: only at work; no longer needed at home (unless one does a lot of work from home)
  
• laptop: everywhere, all the time -- home, traveling, investing, work, play, college
  
• tablet: a must for college classrooms; staple in one's backpack; bedside
• iPhone: which model -- comes down to one binary choice -- best camera vs don't need the best
• after that (the camera choice), then it almost makes no difference which iPhone one gets
  
• bottom line: college students need three Apple devices: an iPhone, an iPad, and a laptop;

AVGO: "catching up" to Nvidia as a favorite chip stock.

Magnificent 7: going forward. Barron's. 

Covid: vaccinations reduce risk of long Covid. Article in NYTimes. The study was published in the world's premier medical journal, The New England Journal of Medicine. Besides being an important article for the scientific crowd this is a huge win for vaccine makers. 

WTI Drops Below $80 -- And The Trend Is Not The Bakken's Friend -- July 22, 2024

Locator: 48208B.

Personal investing: I placed a significant amount of new money into one tech stock on Friday and today, Monday, most of it into Sophia's account. I am putting no new money into my own accounts. See disclaimer for this blog, briefly stated below. This is not an investing site.

IEEFA: Mitsubishi's proposed Louisiana petrochemical project is a losing bet for investors. Link here.

Egypt: natural gas production slumps to lowest level since 2018. Once a supplier to Europe, Egypt is no longer able to produce enough gas to keep its own electricity systems afloat during the summer. Link to Stuart Wallace, twitter. 

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Back to the Bakken

WTI: $79.85.

Tuesday, July 23, 2024: 38 for the month; 38 for the quarter, 364 for the year
39967, conf, Petroshale, Primus 2TF2H,

Monday, July 22, 2024: 37 for the month; 37 for the quarter, 363 for the year
40255, conf, CLR, Chase 2-18HSL,

Sunday, July 21, 2024: 36 for the month; 36 for the quarter, 362 for the year
39966, conf, Petroshale, Primus 1MBH,

Saturday, July 20, 2024: 35 for the month; 35 for the quarter, 361 for the year
40256, conf, CLR, Chase 3-18H,

RBN Energy: more LNG export projects vying for startup on Canada's west coast. Archived.

Shipping large volumes of LNG from Canada’s West Coast across the Pacific Ocean to gas-hungry markets in Asia has been a dream nearly two decades in the making. After a great deal of work and patience, three projects have moved into the construction phase, with the most advanced — LNG Canada — on the cusp of accepting its first test-gas volumes, with exports possible by the end of the year. Even with all this progress, three additional projects are vying for the opportunity to join Canada’s LNG export party, as we discuss in today’s RBN blog.

• Ksi Lisims LNG
• Summit Lake PG LNG Project
• Tilbury LNG

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Disclaimer Briefly
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 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.