Locator: 49281GLOBALENEGY.
Brazil: Brazil's renewable energy faces crippling curtailment challenges. Link here.
"Crippling curtailment" and "renewable energy" in the same headline. Oh, oh! I'm curious who the author will be ... I can guess. Rystad Energy.
Saudi Arabia: Saudi's spending spree meets oil price reality. Link here. Julianne Geiger.
The numbers tell the story: Saudi Arabia now expects a budget deficit equal to 5.3% of GDP in 2025—nearly double its original 2.3% forecast—before narrowing to 3.3% in 2026. The deterioration comes largely from weaker oil income, Fitch said, with non-oil revenues holding up but not enough to offset the gap. The rating agency pointed to revenue shortfalls and overspending as the main culprits, noting the massive capital outlays required by megaprojects like NEOM.
Mexico: Pemex' Dos Bocas turns into Mexico's refinery nightmare. Link here. Dos Bocas refinery still facing the startup blues -- RBN Energy, link here.
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Is Natural Gas Breaking Out?
I consider SRE a "$75-stock." Before 2022 it was a "$65-stock." Paying 2% to 3%.
SRE will pays its next quarterly dividend in about two weeks, October 15, 2025. I was blown away when SRE surged to $96 this past year; we're back above $90 and no one seems to have noticed.
OKE was also up a bit today, as was Venture Global up a bit.
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Does This Feel Like A Bubble?
From today, prompt: META Louisiana football fields.
Massive site: link here.
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A Musical Interlude
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The Book Page
If I had enough space on the book shelf, this would be the next book.
I would get this book for this one chapter:
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Disclaimer
Brief
Reminder
Briefly:
- I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- Longer version here.
