Locator: 48733B.
Board of Education, NYT: US Supreme Court ruled today regarding Trump and the Department of Education. I'm not even going to touch that.
Politics: with regard to the current state of politics in the US, I think it’s safe to say the following, personal opinion, only:
- at least fifty percent of Americans do not particularly care for this president;
- the media suggests that upwards of half the president’s own political base is angry with his Attorney General and how she “managed” the Epstein file;
- for conspiracy theorists, this is a great time to note that their leadership (the president and the AG) may know something “they” (the conspiracy theorists) don’t know. Just saying.
- where’s Hillary when we need her? “What matter does this make any more?
- ” Judge Boasberg” has more power than the president
- the US Supreme Court has ruled favorably for the president more times than not, but the rulings are often only “temporary” — which is a nice way to thread the needle; they can come back under a different administration and change their mind; Bleak House.
Fraud at the Fed?
- a lot of folks are wondering why a lawyer running the Federal Reserve was not concerned with a trillion-dollar “cost over-run” on a renovation of the building out of which he works;
- he didn’t act until the president pointed it out over the weekend
- had this been his own renovation project in his summer home in the Hamptons, would JPow have let the “over-run” ride?
Geo-political:
- those Indians commenting on social media with regard to Air India 171 seem to be out of their depth/element when it comes to reading a preliminary aircraft mishap report —
- a report which made it 100% obvious — the actions were intentional — this was not an “accident” —
- Boeing designed an incredible plane with a ten-year history of perfect (?) performance with no “headline” incidents.
- in defense of these semi-literate wanna-be mostly Indian-influencers, even experienced US pilots commenting on YouTube are apparently illiterate when it comes to reading a mishap report;
- a lot of folks would rather blame Boeing engineers than blame questionably trained pilots with unknown motives
AI: if this is a bubble, there’s going to be a huge bang when it pops — the mother of all bubbles
- exhibit A: Mark Zuckerberg’s announcement today;
- exhibit B: CoreWeave’s announcement over the weekend;
Tariffs don’t matter. At least not enough to change one’s investment strategic plan.
- pick your own points, but:
- BRK-B: from April 2, 2025 ($538) to today ($476), BRK-B is down 12%
- S&P 500: April 2, 2025 (5,671) to today (6,269, S&P 500 is up 11%
- AAPL: April 2, 2025 ($224) to today ($209), AAPL is down 7%
- NVDA: April 2, 2025 ($110) to today ($164), NVDA is up 49%
- OXY: April 2, 2025 ($49) to today ($45), OXY is down 4%
- Bitcoin: I don’t even want to go there; biggest loser? Jamie Dimon? And those who followed his advice.
**************************************
Back to the Bakken
Active rigs: 29.
Six new permits, #42118 - #42120, and #42122 - #42124, inclusive, #42121 is SWD permit:
- Operator: Devon Energy
- Field: Twin Buttes (Dunn County)
- Comments:
- Devon Energy has permits for six Fredericks East wells, SESW 6-147-91,
- to be sited 869 / 996 FSL and 2251 / 2333 FWL.
Seven permits were canceled:
- XTO: seven GBU Sophia / GBU Sophia Federal permits in Williams County; GBU: Grinnell unified Bakken oil field.
