Locator: 49054B.
RPOs -- Oracle / Larry Ellison benefited from RPOs noted during its earning report September 9, 2025. Link here. RPOs:
In technology, "RPO" most commonly refers to Recruitment Process Outsourcing, a business model where a company outsources some or all of its talent acquisition and recruiting functions to a specialized third-party provider, acting as an extension of the internal team. This allows the company to benefit from the provider's expertise, technology, and resources to find and hire top talent more efficiently.
Larry Ellison was able to see some time ago that there would be a shortage of chips ("blades") for several years, and that shortage would occur sooner than later. He bought an extraordinary amount of Nvidia chips for the sole purpose of renting them out. His gamble / hunch paid off.
That's one reason I'm not betting against Intel. I'm not investing in Intel but my hunch is that at some point the demand for Intel chips will be significantly greater than what Intel can provide.
Apple introduces four new iPhones. This will require a stand-alone post.
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Back to the Bakken
Sec of the Interior Doug Burgum was interviewed on CNBC today. He spoke to why the Trump administration is not supporting wind and solar energy. His answer was so "on point" that Brian Sullivan was unable to provide any push back. Doug Burgum is/was a Stanford graduate. He's probably going to be one of the best secretaries of the interior that the US has ever had, and certainly one of the best secretaries in Trump's cabinet.
WTI: $42.81.
Active rigs: 35.
Four new permits, #42289 - #42292, inclusive:
- Operator: Hess
- Field: Sorkness (Mountrail County)
- Comments:
- Hess has permits for four EN-Van Berkom wells, NESE 26-157-93,
- to be sited 1868 FSL and 470 / 569 FEL.
