Locator: 48617GLOBALWARMING.
1994. That was 31 years ago.
Monday, May 12, 2025
Trump Fixed This Problem, Also -- Looking Forward To An Incredible Christmas, 2025 -- May 12, 2025
Locator: 48616LEGO.
Remember this story from September 7, 2016: in The Washington Post, why Lego wanted people to stop buying its toys. They simply could not keep up.
Well, Trump fixed that.
Link here: https://www.foxbusiness.com/retail/lego-invest-366m-2-million-square-foot-virginia-warehouse-exciting-new-chapter.
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Meanwhile
EVs: the end of tax credits.
The headline is quite misleading: won't amount to a hill of beans for most of us -- except another negative headline for EVs.
Some details of President Donald Trump’s so-called big, beautiful tax bill are out. Now, automotive investors have two matters to consider: the possibility that electric-vehicle tax credits could vanish, and the potential for new a tax break on cars assembled in the U.S.
On Tuesday, the House Ways and Means Committee, which drafts tax legislation, is set to release so-called markup details of a budget reconciliation bill that the president calls his “Big Beautiful Bill.” It’s an early look into the battle to pass legislation that could extend the president’s 2017 tax cuts, and even add to them.
A lot is expected to change, but some details have emerged.
Investors should brace for the repeal of the EV purchase tax credits passed as part of former President Joe Biden’s Inflation Reduction Act. “Consumer credits will be repealed almost immediately, while business tax credits will be phased out,” wrote Capital Alpha Partners analyst James Lucier in a Monday report, citing the Congressional Quarterly.
Right now, consumers can claim a deduction worth up to $7,500 for qualifying EV purchases. Businesses can claim the deduction, too, which has created a leasing loophole for EV purchases. Any EV, regardless of make, country of origin, cost, or buyers’ income, can get the $7,500 credit if leased.
It looks like a commercial phaseout, rather than a quicker end to the credit, might be too much to hope for.
The early markup from the committee kills the commercial vehicle credit at the end of 2025, while contracts for vehicle purchases that were signed before Monday can still claim the credit even if the vehicles are delivered in subsequent years.
A gradual phaseout for the commercial credit would be a relative positive for the EV industry, including Tesla.
Much more at the link.
Tech Jargon -- PMIC -- May 12, 2025
Locator: 48615TECH.
Before we get to the jargon, this data point from Beth, $8 trillion by 2030 -- less than five years from now, just to keep pace with accelerated demand.
A reminder: Apple now collaborating with Broadcom. Link here.
PMIC: power management integrated circuit. Wiki here. Along with the wiki entry, this is a nice resource. From a company called "Microchip":
Embedded and application processors and other components in complex systems require multiple power rails and multiple power domains. Using discrete devices for power management in these types of systems can be costly. Power Management Integrated Circuits (PMICs), which integrate multiple voltage regulators and control circuits into a single chip, are excellent options for implementing complete power supply solutions. They reduce component count and board space while easily and cost effectively managing system power.
PMICs are an excellent fit for embedded processing in a wide range of applications such as Internet of Things (IoT), edge computing, medical and Industrial IoT, Electric Vehicles (EVs) and autonomous vehicles. We also offer System on Modules (SOMs) that combine a PMIC with an industrial-grade microprocessor (MPU), along with other devices, to simplify your development and speed up your time to market.
Edge computing: link here to wiki.
Major chip suppliers for iPhone 16, link here:
For the iPhone 15:
Manic Moday Lives Up To Its Name -- May 12, 2025
Locator: 48614B.
German energy: link here.
Spanish power outage: the US won't put up with these problems. Big winner: battery companies and generator manufacturers. Big loser: renewable energy. Link here.
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Back to the Bakken
WTI: $62.07.
New wells this next week:
Tuesday, May 13, 2025: 30 for the month, 130 for the quarter, 322 for the year,
- 39819, conf, Hess, RS-Nelson Farms-156-91-1819H-2,
Monday, May 12, 2025: 29 for the month, 129 for the quarter, 321 for the year,
- 40713, conf, Silver Hill, Tank E 156-98-1-12-4MBH,
- 39982, conf, Zavanna, Collie 13-25 4H,
Sunday, May 11, 2025: 27 for the month, 127 for the quarter, 319 for the year,
- None.
- 41139, conf, CLR, Stangeland 7-7H,
- 40911, conf, BR, Watchman Peak 5D,
- 40463, conf, Oasis, Lee N 5201 21-5 4B,
RBN Energy: E&Ps protect balance sheets with conservative approach after 2024 acquisitions.
Serious concerns about higher costs and lower demand have left the E&P sector in a delicate position since the implementation of new U.S. tariffs, as evidenced by the Dallas Federal Reserve Bank’s recent survey of producers, who appear especially vulnerable after massive acquisition spending in 2024 to deepen and high-grade their portfolios. In today’s RBN blog, we’ll explore the impact of the 2024 acquisitions and commodity pricing on E&P debt and discuss the expected response to protect balance sheets.
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End-Of-Day Report
Active rigs: 38 (wow).
Seven new permits, #41901 - #41907, inclusive:
- Operators: Hess (6); Grayson Mill
- Fields: Ray (Williams County); Alger (Mountrail County)
- Comments:
- Grayson Mill has a permit for a Sorenson well, NWNE 29-155-92;
- to be sited 230 FNL and 2170 FEL;
- Hess has permits for three GO-Barb wells and three GO-Wolla wells, SWSW 35-157-97,
- to be sited 644 FSL and 686 / 851 FWL.
Fourteen permits renewed:
- Enerplus: multiple names in McGregory Buttes (Dunn County), Moccasin Creek (Dunn County), and South Fork (Dunn County)-- Widgeon, Scaup, Pintail, Tegu, Quartzite, Marble, Geiss, Madrigal, Quartet, Opera, Rhythm, Enduro, Hobby, and Checkered.
Four producing wells (DUCs) reported as completed:
- 40664, 981, CLR, Sandhill 6-24H, Williams County;
- 40674, 1,127, CLR, Carpeter 6-13H, Williams County;
- 40843, 1,150, CLR, Catron 3-26H, Dunn County;
- 40844, 1,167, CLR, Catron 4-26H, Dunn County;
Today In Charts -- May 12, 2025
Locator: 48613MARKET.
Personal investing -- intergenerational wealth transfer is tracked here and tagged IGWT (intergenerational wealth transfer. Two links:
- first link: a mandatory high school “financial literacy” course — a proposal.
- second link: from x today; GOP proposal the MAGA account for children; link here.
The MAGA accounts:
The "Trump effect": link here.
(Reuters) -Anheuser-Busch InBev's American subsidiary said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump.
The St. Louis, Missouri-based Anheuser-Busch, which said it invested nearly $2 billion over the last five years in 100 facilities across the country, also announced the launch of a new plant in Columbus, Ohio.
Say what you want, SIRTRUMP and "the Trump effect" is real, it's amazing, and it's real amazing. There has never been a president like Trump and after he leaves office, the mold will be broken.
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The Market Today
At or near the close:
BRK-B: pretty much flat this week, actually off its highs this week.
BRK-B vs NVDA past five years:
Probably Nothing To See Here -- AAPL Is Ex-Dividend Today -- Surges 5% -- Today Is Already History -- What Are You Doing Now? Monday, May 12, 2025
Locator: 48612ARCHIVES.
I have no cash today. I remain fully invested at all times. I do believe it's possible to find opportunities every day in the US equity market. It's just that some days are better than others.
Probably nothing to see here.
Updates
The stories continue to come.
- Trump’s trip to the Middle East
- deals worth a trillion dollars in two days
- Saudi Arabia surges in global influence;
- Trump removes sanctions on Syria
- huge deals with Qatar: Qatar to buy more Boeing jets. Says relationship with US reaches new highs.
Original Post
Probably nothing to see here.
- the US has a new pope: Bessent the Benevolent.
- meanwhile, the Vatican conclave elects first-time-ever an American Bishop of Rome, aka the Pope;
- Sinéad O'Connor doesn't issue a press release (as far as I know)
- Trump to slash drug costs by 30 - 80%: Americans to pay no more than least expensive price worldwide
- insulin down to 3 cents / dose; EpiPen, $15;
- Democrats will protest -- the Qatar argument -- they will want the government to pay full price
- US-China trade war is over for now -- 90-day cooling-roff period
- historic trade agreement between UK - US -- first such agreement to be announced in decades
- all the EU can offer: a lawsuit within the auspices of the WTO
- Mexico to sue google over "Gulf of Mexico" on its maps
- is today the first day ever in years that no one is at war with anyone?
- last American hostage held by Hamas to be released today
- the Houthis have said they have had enough; won't attack any more ships in the Red Sea;
- only cost the US two F/A-18s and the entire stockpile of USS Truman's armaments
- Iranian nuke talks more productive than ever
- Putin - Zelenskyy to hold face-to-face meeting; shooting to stop for at least awhile, maybe
- India-Pakistan call for cease-fire after US intervention
- Trump tells new Canadian PM never say "never"
- Qatar -- huge friend of the US -- wants to "gift" the US a $400-million state-of-the-art Boeing 747-8i at no cost
- Democrats demand the US government pay full price; don't even want to negotiate
- AOC says she may run for president; could stop California governor Newsom's plans
- southern border secure; like 1000% secure
- when one positively, absolutely needs a secure border overnight, hire Trump-Homan-Noem
- friends of MS-13, Tren de Aragua (TdA): democratic leadership, Judge Boasberg, and The NY Times; [note: Judge Boasberg is now a meme and a poster child for appellate and circuit judges]
- polls show more than 50% of Americans agree that deportation of illegal
immigrants--criminal-terrorists is un-American and should be stopped
- speed limit on interstate highways in North Dakota now match those of Montana, South Dakota: 80 mph
- politics
- Bill Maher is singing the praises of Donald Trump
- everyone -- with two notable exceptions -- now admits Biden was senile
- exceptions:
- the threesome: Whoopi, Joy, and Ecstasy on "The View"
- the threesome: Joe Scarborough, wife Mika Brzezinski and Willie Geist
- everyone -- with same notable exceptions -- now admit Biden was crooked
- everyone -- with same notable exceptions -- now admit Biden weaponized the entire US government against Trump
- irony
- had it not been for the southern surge, Biden would have been re-elected by a landslide
- when all the numbers finally come in, we'll see positive GDP in 1Q25; no recession
- sports
- the NFL deal of the year: Dallas Cowboys sign wide receiver George Pickens who is actually happy to play in Dallas; doesn't even care about the contract; refreshing
- Rory McIlroy sixth golfer in history to "achieve" the Grand Slam by winning the Masters; only the second golfer in the "modern age" to have achieved this feat; it's taken 25 years; something not one golfer on the LIV tour has done
- coffee shops
- the US now has a new coffee shop chain to take on Starbucks; The Black Sheep -- 100 locations, mostly in London, northern England; only three in the US: two in Dallas; one in Grapevine, TX (suburb of Dallas where we live); "coming": Miami.
- not to be outdone, the White Bison is even more select and more American; a Nashville, TN-based operation about to go nationwide
- 21 locations: Newbern, TN; Athens, TN; throughout Nashville, TN-area; several in Huntsville, AL-area; and that's it
- the world's two largest supercomputers to be built in the US: Dallas and Houston
- unprecedented amounts of money flowing into US from corporations around the world
- biggest exception: Ford will still manufacture its highly successful Mustang Mach-e in Mexico.
- and, then, of course,
How high will the NASDAQ jump today? Moments before the open. I don't ever recall an 800-point jump in the NASDAQ at the open. Never. Ever.
MAGA.
And my favorite. Go to ChatGPT and type in "Bakken-based blogs?"
ChatGPT:
- is freei
- download on a laptop or a mobile device takes less than 15 seconds
- can use your google or Apple password (including touch- or face-ID
- once in your app library can be immediately opened by pressing "option-space bar" in sequence, almost simultaneously (maybe simultaneously, too)
- it simply works
Apple is ex-dividend today.
Investing: today is already history. What are you doing now?
I have no cash today. I remain fully invested at all times. I do believe it's possible to find opportunities every day in the US equity market. It's just that some days are better than others.
Nvidia, this is just the lede of a very long "essay":
Fossil fuel: oil is dead! Long live oil!
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