Locator: 48711B.
Felonies: I don't think folks realize that interfering with a federal agent, such as an ICE agent, will be more costly than the average DUI arrest -- time, money, and possible loss of a professional license -- and many of these folks are willing to sacrifice livelihoods for themselves and families for criminals. Truly amazing. These folks don't see themselves as tools of Mayor Karen Bass, a new metonym for sanctuary city mayors.
BRK-B: another huge decline today; looking at an opening down almost $4.00 / share. Meanwhile, NVDA opened "up" today: up $2.40 / share; up 1.47%; now solidly above $4-trillion market cap. BRK probably won't drop below its $1-trillion market cap but it continues to trend in the "wrong" direction, unless you're shorting it. Remember, this is not an investment site. See disclaimer. Later: in mid-morning trading, BRK-B is down almost $5.00 for the day. NVDA is up almost $3.00.
Best European ETF: Greece! Up 55% for the year. On average, European stocks have beat American stocks significantly this year. Look at your average mutual fund focused on American large cap vs European large cap.
Pre-market: a big drop at the opening ... but yet Amazon should open higher. See my comments regarding Amazon over past few days. Amazon Prime days end in less than 24 hours. I'll definitely get a few more items. Today will be a record-setting day for Amazon.
Gasoline: price of gasoline about to plummet. Will easily offset tariff-shock inflation.
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Back to the Bakken
WTI: $67.34. Recovers after yesterday's comments by Trump.
New wells:
- Sunday, July 13, 2025: 21 for the month, 21 for the quarter, 451 for the year,
- 41449, conf, Kraken, Bubba 14-11-12 2H,
- Saturday, July 12, 2025: 20 for the month, 20 for the quarter, 450 for the year,
- 40864, conf, Grayson Mill, Martin 32-36 3H,
- 40547, conf, Hunt Oil, Clearwater 157-90-24-25H-3,
- Friday, July 11, 2025: 18 for the month, 18 for the quarter, 448 for the year,
- 40689, conf, Oasis, Merlin 5602 43-15 2B,
RBN Energy: ExxonMobil's strategy for wink to Webster Pipeline enhances control of Permian crude.
The Wink to Webster Pipeline, operated by ExxonMobil, stands out as the largest crude oil pipeline by capacity exiting the prolific Permian Basin in West Texas. What makes it even more of a midstream icon is the company’s hands-on management of the entire process, from the production well to the long-haul run to delivery to ExxonMobil’s refineries. In today’s RBN blog, we’ll examine Wink to Webster’s complicated ownership structure, how it connects directly to terminals run by its owners and its destination flexibility.
