Locator: 49349APPLE.
Link here. From Blossom.
Friday, October 10, 2025
Quick Connects -- Alison Ritter -- October 10, 2025
Locator: 49348B.
Quick connects:
• Rising energy demands shaping North Dakota energy production -- Grand Forks Herald
• North Dakota environmental agency cancels carbon emissions work -- Dickinson Press
• Data centers sprouting across ND. Where will the next ones be planted? -- Dickinson Press
• Chevron eliminates over 100 positions in ND following Hess merger -- KFYR-TV
• Bakken gas-to-oil ratios reach new record as pipelines advance -- Natural Gas Intelligence
• North Dakota regulators fine Dakota Gasification $1,500 for natural gas system violations -- Bismarck Tribune
• Private equity giant will control Minnesota Power after PUC approves $6.2 billion sale -- Star Tribune
• Congress repeals Biden land use plan for Montana; critics say wrongly restricted coal mining -- E&E News
• North Dakota officials vote to extend $250 million Project Tundra loan through March -- Bismarck Tribune
• North Dakota regulators approve Abercrombie Solar project and cleared two key permits -- KX News
• North American Iron to construct pig ore processing plant in Minot industrial park -- Minot Daily News
• Deadly North Dakota tornado was the first classified at EF5 strength in US in a dozen years -- The Hill
• Senate confirms Baesler to Education post, Chase as US attorney for North Dakota -- North Dakota Monitor
• North Dakota will not receive federal disaster relief until government shutdown ends -- North Dakota Monitor
• North Dakota Governor Kelly Armstrong prepares the state in case the shutdown lasts a while -- KFYR - TV
• Local North Dakota officials express concern after first budgets with 3% property tax cap -- Bismarck Tribune
• Bank of North Dakota to launch state's first stablecoin known as Roughrider coin -- North Dakota Monitor
• Theodore Roosevelt Presidential Library nears completion in the Badlands -- McKenzie County Farmer
• Federal shutdown affects about 600 gov't civilian employees at Minot Air Force Base -- Minot Daily News
• Proposed natural gas pipeline would provide new energy option to Minot, communities -- Minot Daily News
• Minot City Council approved its budget for 2026 after series of 11th-hour line-item changes -- KFYR - TV
• Interior and Agriculture scale back services as workers furloughed across southwest ND -- Dickinson Press
• City of Beulah finalizes 2026 budget; council discusses city attorney 9% rate increase -- The Beacon
• Federal funding approved to keep rural airports running amid government shutdown -- North Dakota Monitor
• Williston drivers should be clear of construction on Highway 2 by the end of the month -- KFYR - TV
• Minot school board decides former Bell school building southeast of city should be sold -- Minot Daily News
• 33 students from Dickinson to receive North Dakota Community Foundation scholarships -- Dickinson Press
• US Department of Education awards over $950,000 to North Dakota schools and colleges -- Kevin Cramer
• Dept of Public Instruction says process to replace Baesler won't begin until shutdown ends -- KFYR - TV
• Minot State hosts open house for new Innovation Engineering program available in 2026 -- KX News
• Trump's economic plans called for more oil drilling and lower gas prices. He'll get the latter. -- Yahoo Finance
• Senate panel to vote on bipartisan legislation to reauthorize nation's pipeline safety regulator -- E&E News
• Belgian wind project vetoed which brings the global total of renewable rejections to 1,104 -- Robert Bryce
• Data center power demand is exposing an old truth: electricity is the master resource. -- RealClearEnergy
• EIA expects US oil production to hit a larger record this year than previously expected -- Reuters
• Alberta Premier seeks federal backing for the newly proposed oil pipeline to the West Coast -- Oil Price
• With one quarter of BLM staff placed on furlough so far, signs show more could be coming soon -- E&E News
• US oil production hits record as global stockpiles continue to build and onshore rig counts fall -- Upstream
• Federal judge rules Biden's massive Gulf Coast offshore oil and gas ban was illegal -- The Center Square
• Geothermal energy has potential to generate clean power from abandoned oil wells -- The Conversation
• Meteorologist slams the Guardian: Urban heat, not CO2, driving city temperature rises -- Climate Realism
• In the name of "green energy," wind farms are causing great damage to natural habitats -- NoTricksZone
Three New Permits -- October 10, 2025
Locator: 49347B.
WTI: $58.90.
Active rigs: 31.
Three new permits:
- 42389, conf, Formentera Operations, The Great-25-25-PGN E116DW, Larson, NENW 25-162-94, to be sited 400 FNL and 2209 FWL;
- 42390, loc, Phoenix Operating, Lord 7-6 1HF-LL, New Home, lot 4, section 7-158-96, to be sited 360 FSL and 791 FWL;
- 42391, loc, Phoenix Operating, Lord 7-6 3HF, South Meadow, lot 4, section 7-158-96, to be sited 360 FSL and 851 FWL;
One producing well (a DUC) reported as completed:
- 40980, 2,160, BR, West Kellogg 4B-MBH-B, McKenzie County.
Trump: Most Transformational President Ever -- This Has Been Done Before -- Especially With Saudi Arabia -- But The Scope Appears To Be Record Setting -- October 10, 2025
Locator: 49346QATAR.
Parse this statement and just imagine what it means for the surrounding community.
Let's put that $12 billion in perspective:
... and the "Q" stands for .... it sounds very coincidental ...
You think other countries might want something similar? Let's see, there's Cannon AFB in New Mexico, and Minot AFB in North Dakota. Just for starters.
The F-15D was my primary aircraft when assigned to Bitburg AFB (twice) back in the 1980s.
Link here to the Qatari F-15QA.
Note the reference to the "tail slide" in the note below.
In fact, I had the opportunity to experience the tail slide in 1984 or thereabouts, but the pilot felt I would not be able to handle it "psychologically." Absolutely terrifying. The pilot: a former F-4 Phantom backseater / WSO / navigator / Vietnam transitioned to F-15 pilot after the war. Colonel T__ H __.
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President Trump and The Nobel Peace Prize
A reader wrote to suggest to me:
President Trump is perhaps the most "belligerent" president the US has had in modern times, particularly in his rhetoric.
Appointed a junior officer/soldier as his SecDefense rather than a statesman.
Renamed the Department of Defense: the Department of War.
Leading up to the Nobel Prize final decision-making days, President Trump started unprecedented airstrikes on Venezuelan ships in international waters (in some cases may have been in Venezuela's territorial waters); questionable whether it is legal.
Peace treaty between Hamas and Israel signed only after President Trump threatened major military action against Hamas; literally "gun-held-to-head" to obtain signature. After Nobel Peace Price announced no assurance there would be any follow-through on the signed agreement.
In two millennia (needs to be fact-checked) there has never been any lasting peace in that area of the world. Nothing to suggest this "peace treaty" will be any different.
President Trump says US military needs to use US cities as training grounds.
Orders various state national guards to "blue" cities; Federal judges stop those orders.
And some thought he would get the Nobel Peace Prize. Only in their wildest dreams.
Later: what in the world is the White House even thinking? Link here. I sure hope Trump doesn't go wobbly on health care insurance for illegal immigrants, a bill that was to be temporary in nature, and questionable to begin with. Apparently adds another $1 trillion+ to the budget.
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NFL: New York Giants vs Philadelphia Eagles
Cramer's First Hour And The Eisen Hour -- October 10, 2025
Locator: 49345INV.
NASDAQ: hits record high.
Oil < $60: first time in six months. Down 3%; down $1.60. Will have huge (positive) effect on inflation.
Electricity: may require a stand-alone blog.
- table;
- New Jersey: rates jump 20%+. Link to The New York Times.
Electricity, EIA:
TSMC: beats. Link here.
Bubble or not: the AI spending binge is unprecedented in every way. Link here.
Control of compute: link here. Jargon: compute. This may require a stand-alone blog.
Oracle: Ellison's biggest bet ever to keep Oracle on top. Link here.
AMD: long thread, link here. Price target increase this a.m. on CNBC.
AMD: Lisa Su said the quiet part out loud. Link here.
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My Favorite Chart
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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.
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Personal Investing
So many opportunities today, again a 30-year horizon:
- VNOM: may sell some assets outside the Permian;
- CSCO: wiring and now chips
- IBM: quantum;
- BK: no special reason;
- ORCL: in the news again; up 2.3%;
- QCOM: down 1.4% at the open;
- AMD: down 1.7% at the open;
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