Locator: 49864B.
Venezuelan oil: it's just a matter of time before US companies start rushing to get back into Venezuela. Link here.
But first US oil companies want assurance that their ventures won't be at risk, that Venezuela won't nationalize their assets some years down the road. Best protection: the US government takes a 10% ownership in oil companies that invest in Venezuela, or at least 10% ownership in new US assets in Venezuela, clearing demonstrating that the US is an owner and will step into protects its assets if a foreign government tries to take control. No different than the US government taking a 10% stake in Intel or rare earth metals. Marco Rubio could run those ventures in Venezuela also.
Market: CAT before market open; AAPL after market closes. Something for everyone. Has Micron's share price "jumped the shark"? Is Micron stock now a meme stock?
Silver: is this the end of silver dollar collecting by mom-and-pop coin collectors? Seriously, a $100 for a single silver dollar? Sure my coin collection is all of a sudden worth a lot of money, but I never bougth silver coins as a investment but rather as something shiny to collect. It was a lot of fun. No more. Is this end of folks like me buying silver coins on a regular basis? What will this mean for the US Mint? What will this mean for coin shows around the country?
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Back to the Bakken
WTI: breaks through $64. Trading at $64.14. Have the pizza deliveries started increasing at the Pentagon or is this all about the Fed keeping rates steady. Some pundits have suggested the latter; I nave no idea what the Fed has to do with this. Except perhaps the Fed confirming the US economy is "on fire" in a good way and (the) US demand will continue to increase. GDP is now well above 5.05.
New wells reporting:
- Friday, January 30, 2026: 51 for the month, 51 for the quarter, 51 for the year,
- 42033, conf, Slawson, Rebel Federal 5-32-17TFH,
- 41007, conf, Hunt, Nichols-Trulson 156-90-10-14H-1,
- 41006, conf, Hunt, Palermo 156-90-3-31H 3,
- Thursday, January 29, 2026: 48 for the month, 48 for the quarter, 48 for the year,
- 42034, conf, Slawson, Rebel Federal 3-32-17H,
- 39805, conf, BR, Mazama 1A,
RBN Energy: electric utility balance sheets threatened by record debt from AI-driven CAPEX -- RBN Energy. Link here. Archived.
