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