Presidential speech today: link here.
California bullet train:over the weekend it was revealed that the new estimate has now hit $126 billion; link here.
In a 60 Minutes report, officials now put the cost at $126 billion. That is more than Amtrak has received from the federal government since 1971. It also far exceeds the $33 billion figure given to voters in 2008.
Amtrak: the entire nation -- from the --
- from the Northeast Corridor to Florida;
- from Florida to Texas to California;
- from California to Seattle;
- from Seattle to Chicago to NYC.
Massive mistake and mismanagement. This rivals anything the Minnesota state government did:
- an aide admits it was a blunder; link here.
- no track has been laid yet;
- massive cement (stone) pillars rising from the ground remind folks of "Stonehenge" and thus the new nickname: "Stonehenge" or "railhenge."
Governor Newsom did not return calls to the 60 Minutes producers. The tea leaves suggest:
- Gavin is distancing himself from the project as he nears decision to announce US presidential run; and,
- it is more and more unlikely this project will ever be finished;
- it most likely will simply not get more funding and attention will turn elsewhere.
Fortunately the Federal government saw fit to quit funding:
As of early 2026, approximately $15 billion to $16 billion has been spent on the California High-Speed Rail project. The funding has come primarily from state sources, with roughly $2.5 billion to $3.6 billion provided by federal grants, while a significant portion of planned federal funding was rescinded.
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Back to the Bakken
WTI: $112.60
Active rigs: 24.
One new permit:
- 42814, conf, BR, HBU Sagebrush 1N MBH, Haystack Butte, NWNW 23-148-98, to be sited 980 FNL and 1081 FWL; the map:
The wells:
The Hazel wells:
- 41731, ros, BR, Hazel 10S MBH,
- 41723,
- 41730,
- 41722,
- 41729,
- 41721,
- 42718,
- 42720,
- 41727,
- 41719, conf, BR, HBU Hazel 1N MBH,
The Badlands wells:
- 41639, ros, BR, HBU Badlands 10S MBH-ULW,
- 41638,
- 41637,
- 41636,
- 41631,
- 41630,
- 41629,
- 41628,
- 41627, conf, BR, HBU Badlands 6S MBH,
