Locator: 50094AI.
Tag: unauthorized immigrant population illegal immigrants worker displacement AI job displacement
It gets tedious.
The number one fear that folks have about AI: job / worker displacement.
"No one talked about job / worker displacement under the Biden administration.
The denominator: unauthorized immigrant population, trend and actual numbers, in the four years of the Biden administration:
The numerator, AI displacement:
Locator: 50093BRK.
Updates
March 2, 2026: Yes, Virginia -- it was a disaster. Link here to Barron's. Goodwill impairment.
Original Post
Summary:
Updates
Later, 3:45 p.m. CT: link here. Insurance profits fall; OXY writedown. Still considered the GOAT. Oh ,give me a break.
Original Post
Note: in a long note like this, there will be typographical and content errors. This blog is not meant for readers other than my extended family, but I post the blog without restrictions because this is the fastest way I can get information to my extended family members. This is not an investment site. See blog's disclaimer. Please feel free to fact check. Comments are heavily moderated.
The letter is at this link: https://www.berkshirehathaway.com/letters/2025ltr.pdf.
It's amazing how every news site, it seems, works hard NOT to link to the actual newsletter. Even Google Gemini failed. Amazing.
Insane: the one data point most pundits -- based on scrolling through x -- are interested in -- the amount of cash being held by BRK.
My only takeaway: for most people, TLDR; most people will read the CNBC summary; impossible to put a dollar value on BRK-B.
I have no idea what BRK-B is any more except as a mediocre ETF/mutual fund with a cash-dominated mentality, with focus on dividends paid to the company. Except for optional capital gains (share price), the average retail investor sees no tangible financial benefits.
Over the past year, one could have done much better in MDU and MDU pays a dividend:
I have a rolling 30-year-plus-one-day horizon and I re-evaluate strategically on a yearly basis, usually around the first of the year through April 15th; and, I re-evaluate tactically every three months.
For the Robinhood crowd, BRK-B is no longer FOMO or MOJO.
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Disclaimer
Briefly
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 am also inappropriately exuberant about all things Broadcom. Longer version here.
Locator: 50092DUNLIN.
Note: in a long note like this, there will be typographical and content errors. This blog is not meant for readers other than my extended family, but I post the blog without restrictions because this is the fastest way I can get information to my extended family members. This is not an investment site. See blog's disclaimer. Please feel free to fact check. Comments are heavily moderated.
From the daily activity report, Friday, February 28, 2026: link here.
Five new permits, #42736 - #42740, inclusive:
The permits for the five new Dunlin 5892 wells:
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History Of This Area And New Well
The well of interest. Older wells in this area have been mediocre at best. But look at recent well just completed:
Data:
Legal description and spacing:
Results:
| Pool | Date | Days | BBLS Oil | Runs | BBLS Water | MCF Prod | MCF Sold | Vent/Flare |
|---|---|---|---|---|---|---|---|---|
| BAKKEN | 12-2025 | 31 | 15312 | 15724 | 23865 | 21795 | 20913 | 108 |
| BAKKEN | 11-2025 | 30 | 18164 | 17360 | 26115 | 25127 | 24005 | 256 |
| BAKKEN | 10-2025 | 30 | 18449 | 18425 | 28976 | 18921 | 17984 | 128 |
| BAKKEN | 9-2025 | 26 | 15731 | 15767 | 27935 | 19283 | 18353 | 64 |
| BAKKEN | 8-2025 | 31 | 26053 | 26035 | 40680 | 32335 | 31056 | 320 |
| BAKKEN | 7-2025 | 31 | 36239 | 36604 | 53867 | 42460 | 40340 | 640 |
| BAKKEN | 6-2025 | 30 | 42434 | 42181 | 66421 | 41973 | 38437 | 1856 |
| BAKKEN | 5-2025 | 31 | 33710 | 33801 | 72309 | 31787 | 25844 | 3904 |
| BAKKEN | 4-2025 | 30 | 31245 | 31617 | 77777 | 29539 | 22976 | 4470 |
| BAKKEN | 3-2025 | 31 | 32419 | 31863 | 114358 | 29896 | 22365 | 4720 |
| BAKKEN | 2-2025 | 1 | 292 | 0 | 2770 | 65 | 0 | 6 |
Maps:
1. Note four-section laydown lateral! This pad (the one circled) is to the north of the proposed Dunlin / Grove pad to the south.
In the map above, the completed / producing four-section lateral: #41010, to the north of the Dunlin/Grove well pad to the south.
2. Look how far east these new wells will be:
3. Three pads:
4. The Dunlin / Grove wells:
Locator: 50091IRAN.
Updates
Day 3 -- March 2, 2026:
Day 2 -- March 1, 2026:
March 1, 2026: Tehran -- target-rich environment against military with no air defense;
Later, 7:35 p.m. CT: imagine how this skirmish would be going if Iran had nuclear weapons.
Later, 7:33 p.m. CT: time to dust off the Abraham Accords.
Later, 6:47 p.m. CT: doesn't it feel like this war is already over? Time for Israel to finish it off. US to start drawing down. Truly amazing. It started earlier this morning and it's already over? It will be interesting if missiles stop launching by Monday. Let the anti-Trumps start debating the War Powers Act.
Later, 4:53 p.m. CT: this was well done. Trump did not kill Khamenei. That was 100% Netanyahu.
Later, 3:20 p.m. CT: there are reports that the attack that killed Ali Khamenei also killed upwards of 40 (maybe more) other senior leaders. If accurate, it appears that the decision for the H-Hour to be at daybreak was brilliant.
Later, 3:00 p.m. CT: my hunch is that there will be "US boots on the ground."
Not necessarily US military. But the US will demand that a US-led "UN-like" team will have full access to all of Iran: military sites; uranium-enrichment sites; universities; day-care centers, and Somali Learing Centers, if any. He could very likely pattern "what comes next" after the Gaza Board of Peace, led by Saudi Arabia or the UAE. He's not going to let the IRGC to return in some other form. Maybe Marco Rubio can take over as interim leader of Iran.
Later, 2:00 p.m. CT: Iranian leadership has been eliminated. This "skirmish" will be over before US Congress has opportunity to start debate on "war powers."
a) first thing that happens: internal skirmish who takes over -- remember our own "I'm in charge here." -- March 30, 1981 -- Reagan assassination attempt -- "I'm in charge here," Alexander Haig. "No, you're not."
b) problem: with whom does Israel and / or the US negotiate? Until someone credible comes forward with enough gravitas to take charge, there is no one with whom to negotiate -- allows a more free-willing Israel; Hegseth will want to move with all Godspeed; Trump will want to remain constrained.
Later, 10:01 a.m. CT: strikes will last "several" days.
Original Post
March 28, 2026 -- Day 1
Joint Israeli-American Operation
Goal:
Israel launches first, followed closely by US, as Iran responds with missiles targeted across the Mideast.
Timing:
President to address nation Saturday morning
Surprising H-Hour: daylight
Immediate targets:
Opening skirmish: very restrained
Locator: 50090ROTC.
It appears Hegseth is targeting senior military officers (general officers and those senior officers -- mostly colonels / O-5 / O-6 -- attending graduate level / advanced studies on their way to becoming general officers).
I know exactly what Hegseth is demanding: he wants war fighters to be trained in war fighting, not diplomacy and statecraft. The war department is not the state department.
I had first-hand experience in exactly what Hegseth is concerned with. To some extent, he can be accused of "throwing out the baby with the bathwater," but he wants warfighters to be trained in warfighting, not diplomacy.
Until I know the details, I can't comment any more than what I've already said on this new directive. It was already known that he was going to do this; the surprise is how quickly he made his decision.
Locator: 50089QCOM.
For later.
Locator: 50088NVIDIA.
Updates
February 28, 2026: link here.
Original Post
This makes absolutely no sense to me. What am I missing? Let's see what the article has to say. Wow, wow, wow! Look with whom Nvidia will partner. The same chatbot that the US government is turning to, to replace Anthropic. Holy mackerel!! Jensen Huang is feeling the pressure.
From the linked article:
Nvidia plans to unveil a new processor specially tailored to help OpenAI and other customers build faster, more efficient tools, a major shake-up to its business that is poised to reset the AI race.
The company is designing a new system for “inference” computing, a form of processing that allows AI models to respond to queries, according to people familiar with the plans. The new platform, set to be revealed at Nvidia’s GTC developer conference in San Jose next month, will incorporate a chip designed by the startup Groq.
For me, Jensen Huang has inadequately "explained" Cuda to me.
No name has been released for this new chip, this new project.
Locator: 50087ARTEMIS.
Remember, this is the first step to getting to Mars.
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Wow! One Launch / Year
Locator: 50086B.
Pullback: this headline, without question, is a bit of hyperbole. Link here. December, a winter month, if I recall correctly, is not exactly a great time to be fracking in the Bakken, where it can be as cold as, or colder than, the Arctic. Regardless, December, 2025, production in the Bakken dropped from 1.168 million bopd in November to 1.092 million bopd in December (76,000 bbls of oil per day). But then Ms Geiger changes her tone:
The broader picture isn’t nearly as dramatic as some framing implies. Production remains elevated by any historical standard, still hovering around record territory above 13.6 million bpd. December’s average daily production is still nearly 200,000 bpd above December 2024’s average, and above every month except the previous five. What December shows is moderation, particularly in the Bakken and parts of PADD 2.
WTI: $67.02.
Active rigs: 26.
Five new permits, #42736 - #4274, inclusive:
The permits for the five new Dunlin 5892 wells:
Sixteen permits renewed:
Locator: 50085B.
Quick connects:
Locator: 50084CROCK.
President Trump has ordered that all government agencies end any association with Anthropic.
Key paragraph from The New York Times:
For Anthropic, a firm that prioritizes both national security and technological safety, the political stakes are high. Supporters cheered Mr. Amodei’s assertion that his company would not bend or allow its model to be used for mass surveillance of Americans or to command pilotless drones.
That would be a dealbreaker for me, also, if accurate, that part, "to command pilotless drones."
If accurate, it makes me wonder how Anthropic was given the contract in the first place. Drones seem to be pretty basic.
For now, Elon Musk's Grok will "replace" Anthropic.
The Pentagon is ready to move forward with Grok, produced by Elon Musk’s xAI, on its classified system. But Grok is considered by current and former government officials to be an inferior product. And switching A.I. software would take time and almost certainly cause disruption.
Anthropic is not a publicly traded company.
Locator: 50082D-4.
WTI: spikes Friday, February 27, 2026. WTI jumps almost 3%; up almost $2 / barrel; trending toward $68 earlier; no trading at $67.
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For The Archives
Tag: Women's Soccer Men's Hockey Olympics
Locator: 50081S26.
Locator: 50080EDGE.
Posting this for date-time-stamp bragging rights.
Have talked about it in the past.
Yesterday on CNBC, a "talking head" mentioned that consumers were starting to talk about keeping AI close to home and not in the cloud. Are you seeing the same thing: a pivot from the cloud to "edge"?
Apple: its AI strategy from the very beginning -- "edge."
Market cap: $4 trillion
Dell, market cap: $100 billion
Apple uses SoC -- such as M4, M5. Does Dell use SoC -- what CPU, GPU, TPU, NPU does Dell use in its most popular desktop / laptop?
A little bit of everything. LOL.
With The Wall Street Journal's headline story on Dell's earnings, how did Qualcom do?
The overall market is down this week.
Ticker: QCOM
