Making America great again:
- Jeep parent Stellantis announces $13 billion US investment plan.
- Walmart hits all-time high with announcement to partner with OpenAI;
- flows into US ETFs cross $1 trillion at record pace
- United becomes first major US airline to put Starlink on mainline flights
- American Airlines will have free internet on most flights next year (2026)
- long overdue
- Amazon's season hiring surge will dwarf last year's seasonal push;
Disappointment:
- Social Security Administration will announce the 2026 COLA in ten days (October 24, 2025) -- the announcement is delayed slightly due to the government shutdown.
- COLA likely to be 2.8%
- the COLA for 2026 is likely to be substantially lower than adjustments after the pandemic-era inflation spike. The highest recent COLA adjustment of 8.7% took effect in 2023, following a 5.9% increase in benefits for 2022. Both of those increases were the highest in decades at the time.
- seniors are going to be greatly disappointed; not only will they say they "feel" higher inflation, but they expect inflation will increase once again in CY2026.
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Back to the Bakken
WTI: $58.67.
Active rig count: 31.
Four new permits, #42398 - #42401, inclusive:
- Operator: KODA Resources Operating, LLC
- Field: Daneville (Divide County)
- Comments::
- KODA Resources has permits for four more Bock wells, SESW 17-161-102,
- to be sited 459 FSL and 2235 / 2340 FWL.
Three permits canceled:
- Enerplus, #40999, Lind 145-97-2-11-8H, lot 4, section 2-145-97; Dunn County;
- BR, #41469, Ole Clemens 3E-TFH-ULW, McKenzie County;
- Grayson Mill, #41488, Barbara 31-30F, SW 2TFH, McKenzie County.
Two producing wells (DUCs) reported as completed:
- 40820, 1,120, Hunt Oil, Oakland 154-89-19-18H 3, Mountrail County;
- 40821, 1,142, Hunt Oil, Oakland 154-89-29-32H 1, Mountrail County;
