Doug Burgum Will Be Secretary Dept of Interior -- November 14, 2024

Locator: 48761B.

Too much. If I’m an average American, the average American has too many / too much material goods. Time to start throwing stuff out. My goal: to throw out two boxes of stored material in the garage every day for as long as it takes. 

Back to Doug Burgum for Secretary, Interior. Even better than Secretary, Energy. Whoo-hoo.

I can't imagine anyone knowing more about BLM than Doug Burgum. DAPL anyone?

 BIA? Ditto:

I'm lovin' it!

I'm even liking RFK, Jr, as Secretary, HHS! Whoo-hoo! Now that I've listened to Jesse Watters.

Probably the one living Kennedy I still appreciate! LOL.  

****************************
Shark Tank!

Mark Cuban is absolutely sick! LOL.

Quick! Name one reason why Mark Cuban chose not to run for president of the US. LOL.

How did it come about that DJT picked MG to run DOJ? Link here to NYT. 

Shark tank!

****************************
North Texas!

Incredibly gorgeous weather in north Texas. Mid-November: 72°. Sunshine all day. No rain. No wind. Just incredibly beautiful weather.

Amazon Prime TNF.

Dot's Pretzels.

Easy Cup, Morimoto Junmai Sake.

Couldn't possibly be a nicer night.

****************************
Magazines

My subscription to The Atlantic expires in January (2025).

I won't be renewing.

I've had enough of the Trump bashing. I gave it a fair chance; subscribed for several years. But I've had enough.

Same with The New Yorker. But current subscription doesn't expire for a few more months.

I've already let my subscription to The Claremont Review of Books (or whatever it's called) expire.

Same with the New York Review of Books.

**************************
McDonald's

Awesome. I'll write about it this weekend. Maybe. Too tired to blog any more tonight.

*********************
Bryson In Our Neighborhood

Just down the street from us. His brand new home.

Link here.

MRO With Five New Permits; MRO Also Reports Completing Four Huge DUCs --

Locator: 48760B.

WTI: $68.60.

Active rigs: 37.

Five new permits, #41338 - #41342, inclusive;

• Operator: Marathon (MRO)
• Field: Bailey (Dunn)
• Comments:
• MRO has permits for five wells in Bailey oil field, NWNE 18-145-93, 
• all to be sited 462 FNL and at five locations between 2015 FEL and 1855 FEL: Bailey, Mimee, Townsend, Wayne, and Jennie USA;

Permitted for re-entry:

• 40177, Five States Operating Company, RH 1-16H, Rocky Hill, Stark County.

Two permits renewed:

• BR: State Dodge 3B TFH (#34291) and State Dodge 3A MBH (#34292), Dimmick Lake, McKenzie County.

Five producing wells (DUCs) reported as completed:

• 39528, 389, Petro-Hunt, Burian 144-98-15A-22-3H,
• 40203, 547, Petro-Hunt, Zabolotny 144-98-9C-4-2H,
• 40378, 3,489, MRO, Humble USA 44-32TFH,
• 40380, 5,782, MRO, Thelma USA 44-33TFH,
• 40400, 5,479, MRO, Donkin USA 44-33H,

Comment: notice the new MRO permits -- all five in the prolific Bailey oil field. And then note the typically high IPs for the three MRO DUCs reported today (above).

RFK, Jr --> HHS -- November 14, 2024

Locator: 48759POLITICS.

Announced about 3:00 p.m. CST, November 14, 2024.

Big Pharma scrambling. 

Trump 2.0 tracked here.

Making America great again.

AI:

AI:

Wiki:

Wiki:

HHS website:

US House -- Final Results Have Hardly Changed Nine Days After The Election -- November 14, 2024

Locator: 48758ELECTION.

US House.

Link here.

Trump 2.0 tracked here. 

From there, US House being tracked here.

From there, The New York Times tracking the votes.

Germans Take Another Step To Increase Energy Prices To Keep The Maldives From "Sinking" -- November 14, 2024

Locator: 48757GERMANY.

Link here.

The German cabinet has approved reforms that will restrict oil companies from carrying excess emissions reduction credits forward, a move that will boost the country’s biofuel industry which has been impacted by a rapid drop in carbon prices in recent years.

In recent years, oil companies operating in Germany have met emissions goals by selling extra biodiesel; with sales clocking in at 3.4 million metric tons in 2022, 34% above their target. However, the reforms mean that oil companies will no longer be able to use past greenhouse gas reduction quotas to meet targets in the coming two years, with this option only reopening again in 2027. 

Back in September, Germany's Environment Agency rejected carbon credits for 215,000 tons of CO2 emissions from oil companies due to suspected fraud involving climate projects in China.

Companies usually meet these targets by using plant-based biofuels or through "upstream emission reduction" (UER) projects. However, concerns arose over a year ago when doubts arose about whether some of these projects met the required standards or even existed.

The Blame Game -- Why Kamala Lost -- NY Times -- November 14, 2024

Locator: 48756ELECTION.

 Link here.

What was indisputable was how badly Democrats did. They lost the White House, surrendered control of the Senate and appeared headed to defeat in the House. They performed worse than four years ago in cities and suburbs, rural towns and college towns. An early New York Times analysis of the results found the vast majority of the nation’s more than 3,100 counties swinging rightward since President Biden won in 2020.

The results showed that the Harris campaign, and Democrats more broadly, had failed to find an effective message against Mr. Trump and his down-ballot allies or to address voters’ unhappiness about the direction of the nation under Mr. Biden. The issues the party chose to emphasize — abortion rights and the protection of democracy — did not resonate as much as the economy and immigration, which Americans often highlighted as among their most pressing concerns.

Maybe more later. 

It's interesting the NY Times failed to mentioned the #1 issue across all demographics that concerned voters this year. But behind closed they talk about it unless they are in deep denial.

But the number one reason she lost: she was / is a lousy campaigner. Folks like the writers of this article never mention in the lead paragraphs that in an open primary -- back in 2019 -- she was the first politician to drop out having received not one vote.

Cramer's First Hour, Part 2 -- November 14, 2024

Locator: 48755CRAMER.

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. 

Cramer: Trump -- the art of the deal. Could be an exciting four years.

Weather: north Texas will have a beautiful day; a high of 71°F; clear, sunny, no wind.

Bingo card: LLM ("large language models") at 8:35, Jim Cramer. "Hyperscalers" earlier.

Dividends:

• Suncor (SU): up; record date, 12/3/24;
• Taiwan Semiconductor (TSM): up; record date, 3/18/25;
• Chord Energy (CHRD): unchanged, record date, 11/27/24;

Unemployment claims: essentially in line but came in slightly better than expected.

Ticker of the day: Disney (DIS).

Ticker of the year: Palantir (PLTR) 

Texas: fifteen (15) restaurants award Michelin Stars at 1st Michelin Guide Texas ceremony.
full list;

• Austin: seven (7) restaurants
• Japanese: one
• barbecue: two
• American: two
• Houston: six (6) restaurants
• Spanish: one
• barbecue: one
• Mexican: one
• Indian: one
• Dallas: one (1) -- Tatsu Dallas, Japanese cuisine
• San Antonio: one (1) -- Mixtli (Mexican cuisine)

NYC: to start charging $9 / car to enter NYC (Manhattan Island)

• was placed on hold; NY governor ready to implement it
• pricing may be a bit lower than originally planned

**********************************
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 14, 2024

Locator: 48754CRAMER.

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: Al Sharpton is back! Wow. First word on the bingo card: "guardrail."

Trump's administration: the four-legged stool --

• immigration
• a "real" border czar, air, ground and sea: Tom Homan
  
• the southern surge / deportation: Kristi Noem
  
• sanctuary cities
  
• retribution
• the generals -- Pete Hegseth
• board to purge generals (link to WSJ)
  
• the intel community -- Tulsi Gabbard
  
• the DOJ -- Matt Gaetz; withdraws; new pick: Pam Bondi, former Florida attorney general; in Trump 1.0 administration.
  
• the economy
• the Fed -- issue of independence -- replacing JPow
  
• deregulation -- the President's perogative
  
• anti-trust in context of US economy -- SecCommerce
  
• tariffs -- Robert Lighthizer 
• climate -- Michael Zeldin
• energy -- EPA -- SecEnergy
• California's Diablo Canyon given new lease on life with AI; link to Power Engineering.
  
• US: global leader in oil and natural gas
  
• government efficiency
• Musk and Ramaswamy
• downsizing -- all department secretaries; marginal agencies (think NASA) at greatest risk
  
• elimination -- some department secretaries -- 
• could "Education" be eliminated outright or subsumed by "HHS"?
• DOJ: if Kaetz not confirmed, could DOJ be left to swing / twist in the wind?
  

Personal investing: Sophia will add significantly to her SCHB position 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.

Palantir -- November 14, 2024

Locator: 48753TECH.

Palantir: this is the one story that the CNBC talking heads got completely wrong. In six months, up 183%. Many comments could be made, but I'll just post the ticker:

Sixth industrial revolution: link to Beth. As usual, the replies are quite helpful.

CoWoS: I'm proud of this one. Spotted this subject some weeks (months?) ago. Posted a link at the time. Now, getting a lot more press. Start here. Search "CoWoS" at X.

**********************************
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.

WTI Holds; Rises Slightly -- November 14, 2024

Locator: 48752B.

Trump sweep: finally, "everyone" is declaring that the GOP takes the US House.

Sixth industrial revolution: link to Beth. As usual, the replies are quite helpful.

CoWoS: I'm proud of this one. Spotted this subject some weeks (months?) ago. Posted a link at the time. Now, getting a lot more press. Start here. Search "CoWoS" at X.

Kaetz: the opposition conveniently forgets Clinton's oval office and the blue dress, as well as the whole Epstein affair, which was conveniently swept aside.

********************************
Back to the Bakken

WTI: $68.74.

Friday, November 15, 2024: 20 for the month; 80 for the quarter, 594 for the year

• 40311, conf, Hess, EN-Rice A-155-94-0310H-9,

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,

The Hess En-Rice family of wells: tracked here but map needs to be updated.

RBN Energy: Coterra Energy continues shift to oil with new Permian deals. 

Just over three years ago, Cabot Oil & Gas — Coterra Energy’s corporate predecessor — was focused exclusively on producing natural gas in the Marcellus Shale. But unlike other gas-centric E&Ps like EQT Corp., Chesapeake Energy and Antero Resources, Cabot decided it was time to diversify. In October 2021, it merged with Cimarex Energy, an oil-and-gas producer in the Permian and the Anadarko, to form Coterra. Now, Coterra has doubled down on diversification with a plan to acquire oil-weighted Permian assets from privately held Franklin Mountain Energy and Avant Natural Resources for a total of $3.95 billion in cash and stock. In today’s RBN blog, we discuss the deals and why Cabot/Coterra decided to “go its own way.”