Cramer's First Hour -- December 22, 2025

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AI: after being very, very negative -- or seeming to be very, very negative -- Jim Cramers seems to be completely different this morning. Whoo-hoo!

The big three: according to Jim Cramer -- Gemini, OpenAI, Anthropic --> Google, ChatGPT, Claude.  

Nvidia: interestingly enough, he agrees 1000%. This is incredibly timing on Cramer's part -- again. First this: one might spend some time at this link. When I posted it, I said I didn't care if the link was lost. I've changed my mind after Cramer's comments. I will now post the entire note at this link.

Platforms: chips will still get a lot attention, and CEOs will talk about "chips" all the time, but "chips" are quickly become "code" for "platforms -- at Apple and Nvidia. And just like chips -- chips are not created equally -- nor does the word "platform" mean the same thing across the AI / tech universe. Nvidia "platform" is completely different than the Apple "platform." I will continue to use the words interchangeably, but will try to note the difference when it's important.

Costco: Jim Cramer is still very, very, very bullish on Costco. Upset that analysts are negative. If new to investing and you initiated a position in COST earlier this year, it's not been a good year. Now? Maybe. Ticker:

Housing: now priced lower than housing in 2019. 30 million homes with mortgage rates less than 4% --they won't put their houses on the market -- they've got too great a deal/rate.

Meanwhile, Micron:

Monday -- December 22, 2025

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Disclaimer: see blog's disclaimer. Posted multiple locations on the blog. Most important: there are always lots of typographical and/or content errors. If found, they are corrected. If something looks wrong, it probably is. The purpose of this site is to help me keep track of what's going on. I have a very poor memory. Years ago I decided to open it to others. 

Flu: looks like my flu shot was perfectly timed! LOL. In The New York Times this morning. Link here. My experience here.

The big three: according to Jim Cramer -- Gemini, OpenAI, Anthropic --> Google, ChatGPT, Claude.  

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Back to the Bakken

WTI: $57.92. Relative large jump due to news coming out of Venezuela.

New wells being reported this week:

• Monday, December 22, 2025: 53 for the month, 176 for the quarter, 759 for the year,
• 41701, conf, Marlo Operating, TOSCO Branch 5, 
• 41106, conf, Devon Energy, Helling 16-21 2H, 
• 40971, conf, Devon Energy, Costanza 24-13 8H, 
• Sunday, December 21, 2025: 50 for the month, 173 for the quarter, 757 for the year,
• 40968, conf, Devon Energy, Costanza 24-13 4H, 
• 40935, conf, BL-Herfindahl-156-95-3031H-9,
• Saturday, December 20, 2025: 48 for the month, 171 for the quarter, 755 for the year,
• 41690, conf, CLR, Sibbern Federal 4-22H, 
• 41279, conf, Hess, BB-Rice-LW-150-95-07H-1,
• 41014, conf, Devon Energy, L And E 9-4 2H, 

RBN Energy: a renewed push for tighter gas-electric coordination as potential crises loom. Link here. Archived.

There are widely differing views about how much U.S. demand for electricity may rise over the next few years due to the emergence of AI and large-scale data centers and how much that may impact demand for natural gas. But there’s across-the-board agreement that (1) the electric and gas sectors are more intertwined and interdependent than ever and (2) electric-grid reliability will suffer if more isn’t done to ensure gas-fired plants get the fuel they need when they need it. Now, after years of mostly tinkering around the edges, real action on gas-electric coordination looks to be at hand, thanks to a new push by Energy Secretary Chris Wright and the National Petroleum Council (NPC). In today’s RBN blog, we discuss highlights from a new NPC report and why we think it matters.

We’ll start with the big picture on power. The economics of coal- vs. gas-fired generation may still shift month to month and year to year, but natural gas is the undisputed king of power, accounting for well over 40% of the electricity produced in the U.S. in recent years (brown layer in Figure 1 below). Coal, with a roughly 16% share (teal layer) isn’t even #2 or #3 nowadays — those spots now go to hydroelectric and other renewables (blue and orange layers, respectively), with a combined 21%, and nuclear (light-green layer), with 18%. Petroleum (fuel oil/diesel; yellow layer) brings up the rear, with less than 1%. Contrast that with the U.S. generation split back in 2001, when coal accounted for 51% of total production, nuclear was the runner-up at 21% and gas finished third at only 17%.