Taco Tuesday -- Jerry Jones And Demi Moore Trending -- January 7, 2025

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Locator: 44636B.

SRE: unable to make sense of SRE right now. Trump / Mexico? SRE: corporate audit AI.

KMI: corporate audit AI. 

ENB: interesting. Alberta to expand pipeline capacity. Link here.

MCD: latest company to roll back diversity goals. No links. Story everywhere. HSIA. 

RIVN: still burning cash. Eager to see earnings report; how much the company is losing on each car delivered.

MU: surges yesterday; will continue upward movement today. Who would have guessed? Lightning strikes when Huang speaks. Link here.

AAPL: lots of headwinds.

Best news today: FTC chair Lina Khan to exit soon; can't happen soon enough. Folks need to spend some time on her wiki entry.

Global electricity rates: link here. Link won't work on Firefox. Use almost any other browser.

Germany CO2 emissions: what's it all about, Alfie? Germany says it is due to "going green." Data suggests something else. 

Jerry Jones and Demi Moore both trending on X. Demi Moore for her inspiring speech from the heart; and, Jerry Jones? Holy mackerel. Apparently he is human. Cameo on Landman.  

Meta, fact-checking. 

It just got a whole lot more political. Link here. But look at this: 

Meta said it will simplify its content policies by removing restrictions on subjects like immigration and gender and implement a new approach to policy enforcement that will focus on illegal and high severity violations. The company is moving its trust and safety and content moderation teams from California, a historically Democratic state, to Texas, a historically Republican state.

Local: DFW -- Air India now offers flights to DFW seven days a week. 

Local: ERCOT forecasts "normal" grid conditions.

ISO-NE: yellow - orange this morning. Around $150. Oil accounts for 5%; identical to wind's contribution. Natural gas only 38%. 

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Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
  
• 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 Bakken, 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. Nvidia is a metonym for AI and/or the sixth industrial revolution.
• I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
• Longer version here.    
  

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Back to the Bakken

WTI: $73.92. Had been as high as $74 overnight.

New wells:

• Wednesday, January 8, 2025: 12 for the month, 12 for the quarter, 12 for the year,
• 40583, conf, Neptune Operating, Lee South 17-8-5 8H,
• 39999, conf, Hess, GO-State-157-97-2116H-6,
• Tuesday, January 7, 2025: 10 for the month, 10 for the quarter,10 for the year,
• 40757, conf, Neptune Operating, Skedsvold 20-29-32 6H,
• 40453, conf, KODA Resources, Amber 3101-4BH,
• 40294, conf, BR, Nordeng 2B TFH,
• 40210, conf, KODA Resources, Amber 1301-3BH,
• 39998, conf, Hess, GO-State-157-97-2116H-5,

RBN Energy: the inside story of the wholesale and retail propane markets.

In 2024, more than 9 billion gallons of propane were delivered to U.S. consumer markets, primarily for residential heating and cooking, with substantial volumes supporting the commercial, industrial, agricultural and transportation sectors. It is a physically complicated business because, unlike electricity and natural gas, which are delivered through wires and pipelines, respectively, the vast majority of the propane used by U.S. consumers is delivered by some combination of pipelines, rail cars and, ultimately, trucks. How does that complicated supply chain work in real life? In today’s RBN blog, we begin a detailed look at the U.S. propane market.