The Worst President Ever Still Supported By His Base -- Doing More In His Last Twenty Days Than In His Entire Political Career -- Copper Soars -- TSM Surges -- And, Oh, Yes, The Bakken -- January 16, 2025

Locator: 44691B.

Democratic base: at lease we know the percent of Americans that are the Democratic base. 38%.

• worst president ever.
• doing more in his last twenty days than he did in his entire political history: now offers $23 billion in conditional loans to utilities.
  

Baseball: Bob Uecker dead at 90 years of age.

Pacific Palisades: "Big Real Estate" will move in. This will be the "gold rush" of real estate.  

It's gonna be quiet; we're not going to hear much about this. These will be very sensitive deals; buys will want to keep it "quiet." Think Walt Disney buying up land for Disneyland decades ago. Think Spark Capital. If one doesn't think there's enough money on the sidelines to promote this, look at "my favorite chart."

• my hunch: at least three or for major projects are presently being considered
• four major projects -- Trump will love this -- the projects will be the nucleus that rebuilds the Palisades
• analogy: think of the biggest, best mall in America -- any mall, it doesn't matter -- they're all anchored by four Big Box stores; now expand that concept / that analogy to a full city.
• make the Pacific Palisades / Altadena an economic-free zone
• Altadena is particularly important
  
• bring in Newsom / Bass / Musk / Trump family
• incentives similar to the Homestead Act:
• residential property: no property taxes for ten year; interest-free loans for ten year;
• commercial property: financing, property, and sales tax incentives.
• US to guarantee municipal bonds. Think big, go big.
• make Pacific Palisades great again.
  

TSM / TSMC: 

• link here:
• App Economy Insights:
• CNBC:
• Barron's.

Copper soars: link here.

SCOTUS porn: link here.

Thune and Trump: link here.

Germany, second year of recession: link here.

Southern California fires:

• the Getty.
• the winds baffle scientists. 
• but we know what Earth's temperature will be to the tenth degree 100 years from now.

Tesla: cuts price on the Cybertruck by "up to $2,000." This is for a $100,000 vehicle. LOL. This is after a year (2024) in which 20% of new-vehicle sales represented 20% of all vehicle sales. 

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Back to the Bakken

Charles Kennedy: can this huge oil discovery revive the Bakken oil boom? Oilprice link here.

WTI: $78.84.

The wells:

• Friday, January 17, 2025: 26 for the month, 26 for the quarter, 26 for the year, 
• 17384, conf, Mercury Resources, Jean Baptiste 1-11H,
• Thursday, January 16, 2025: 25 for the month, 25 for the quarter, 25 for the year, 
• 40834, conf, Koda Resources, Stout 1402-1BH,
• 40115, conf, Silver Hill Energy Operating, Morgen Federal 158-93-17-20-10MBH,

RBN Energy: gas producers outperform as investors see clouds breaking on the horizon.

There’s an old saw that pessimists are optimists with experience. That may be one reason the post-election burst of investor enthusiasm that briefly drove most E&P stocks higher soon evaporated for oil-focused producers under the weight of eroding prices and uncertainty about future demand. But, surprisingly, investors continued to support the shares of long-downtrodden Gas-Weighted producers, buying into the vision of long-term gains in domestic and LNG-export demand and more favorable pricing.