Locator: 48850B.
For seniors: y'all should be celebrating the PPI / inflation numbers today -- open a bottle of champagne.
These are some of the last numbers the government will see before deciding on COLA jump in social security and military pensions for next calendar year. Right now it appears the COLA will be on the "high side," rather than the "low side." Let's hope next month's reading -- the last reading the government will consider for determining the COLA for social security / military pensions -- will come in even higher.
The power grid: from The New York Times -- for such a long article, doesn't provide any real news. For the archives. Link here.
Reminder: some weeks ago I stated that there would be no rate cuts by the Fed this calendar year. Today's inflation numbers certainly bring into question all that excitement / talk yesterday that the Fed would have three cuts before the end of this year.
GE Vernova: yesterday I mentioned this company somewhere, I forget where. It might have been on the blog; might have been on a "sister-blog"; or, it might have been in a sidebar discussion with a reader (e-mail). Today, it was one of few companies / stock tickers mentioned by Cramer this morning.
DE: after looking good recently, down 8% in early morning trading.
Not everything is down today: up today --
- CVX
- Sherwin-Williams
- AVGO
- AMZN
- NFLX
- AAPL -- albeit not by much.
PPI: Cramer not concerned. Feels that BLS data is now very questionable; not political. Due to agency being cut too much by DOGE.
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Back to the Bakken
WTI: $63.60. Up 1.52%.
New wells:
- Friday, August 15, 2025: 27 for the month, 75 for the quarter, 505 for the year,
- None.
- Thursday, August 14, 2025: 27 for the month, 75 for the quarter, 505 for the year,
- 39521, conf, BR, State Dodge 3D TFH,
RBN Energy: wave of LNG FIDs and data center mania spur a flood of gas pipelines projects. Archived.
Odds are there’s never been a busier, more frantic time for natural-gas-related infrastructure development in Texas and Louisiana than right now.
Construction is underway or imminent at no fewer than seven Gulf Coast LNG export terminals with a combined capacity of 16 Bcf/d.
Big-tech firms and midstreamers are touting the potential for several Bcf/d more in gas-fired power demand for data centers in the two states. And developers are advancing a slew of inter- and intrastate pipeline projects aimed at bringing Permian, Haynesville and other gas to where it will be needed. It’s admittedly hard to keep track of it all, but in today’s RBN blog, we take a snapshot of where things stand today and highlight the highlights.