Locator: 50598JONESACT.
Tag: Jones Act Waiver
The War:
Giovanni Staunovo appears to be taking at face value analysts' reports that it is Trump's "truth social" tweets that are preventing any diplomatic breakthrough. It gets tedious. Link here.
Apparently some folks prefer an Iran with nuclear weapons controlling the strait, and along with it, the entire Mideast, I suppose.
The only tweeting in my feed today: Giovanni Staunovo. Wow.
Everything being reported by Staunovo with regard to the Mideast suggests we might as well hunker down to a three-year Korean-War-like truce. Seriously. It will be interesting to see what the next administration will do. No president ever did end the "Korean War," and history, even if it doesn't repeat itself, does tend to rhyme. If we have a three-year Korean-War truce and the overall western economy GDP does just fine, it means one thing: Mideast fossil fuel is irrelevant after 2028. Seriously.
By the way, speaking of which. Qatar has recovered! Qatar is now shipping natural gas despite the destruction of its export terminal in Qatar. If I can find it, I will post the link. Yup here it is -- see next section. Qatar's LNG export terminal is spelled "Sabine" and pronounced "suh-BEAN" or "suh-BEEN."
Qatar:
Oil traders are reading the blog. From oilprice:
I'm lovin' it. Anyone who thought we were close to a diplomatic breakthrough ...
Back from biking, time for a bit of The Rockford Files.
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Manhattan
Citadel appears to be backing away from a major expansion in downtown Manhattan. Link here. Why Citadel would plan to expand in the socialist capital of America is beyond me. Prior to the mayoral election:
It's too soon to pivot to Dallas but that's obviously where they're looking. Perhaps, more specifically, Plano, TX.
If Ken Griffin goes ahead with his NYC plans, it tells me all I need to know about Ken Griffin.
New 52-weeks highs today: link here. Just some of them. And this was a huge down day for the market, at least during the noon hour.
Beth: AI? AI? It's all about memory. Link here.
Ethan BeWarned is worried about the fact that Qatar can no longer provide the helium that is needed to cool chip lithography. LOL. A doomscroller. Does the Permian produce any helium?
Doomscrollers: it's like playing whack-a-mole.
I have to quit. This could go on forever.
Go Trump! Go Hegseth.
