Beth's Tech -- March 19, 2026

Locator: 50265BETH.

Updates 

March 20, 2026: link here.  

Original Post 

 Feynman GPU: Nvidia's next generation GPU chip will be the first to integrate custom HBM -- this suggests this could be a bespoke HBM5 or an enhanced HBM4e variant. Link here. Some are suggesting that Nvidia is no longer a chipmaker but an operating system. With CUDA, I think that's accurate.

Micron: guidance. Read this statement from the CEO  -- this is insane -- read it. Then read it again. This is guidance. Link here.

Shortage: the global memory chip wafer shortage could persist until 2030 with more than a 20% shortage at times, driven by AI demand. Link here. 

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One SKU To Rule Them All

Link here. 

META -- Update -- May 19, 2026

Locator: 50264META.

No New Permits, One Permit Canceled — March 19, 2026

Locator: 50263B.

WTI: $95.55.

Active rigs: 26.

No new permits.

One permit canceled:

• 33056, Oasis, Legacy Etal Emory Norm 4-19H 1H, Dunn County.

Operation EPIC FURY -- March 19, 2026

Locator: 50262EPICFURY.

This is the enemy "we're" fighting:

Imagine Iran with nuclear weapons. 

Imagine this even being reported on NBC News tonight with video. 

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Arguing About Who Did What When 

Link here. 

This guy is a bit short-sighted. The list extends back to 1979. He's going back two weeks. Sad. 

I would start with the US hostages in Iran, 1979.

Then jump to the 1983 Beirut Marines barracks, killing 241 American and 58 French military personnel.

Then jump to October 7, 2023: the cross-border attack by Hamas.

And that's just a start.  

Forty-seven (47) years of the mideast living in this neighborhood -- finally some adulting.

Lego: New -- McLaren F1 -- Chrome / Dell Edition -- March 19, 2026

Locator: 50261LEGO.

Link here. 

The "Chrome" and "Dell" decals more than justify the price. 

The set runs 14 cents / piece. Generally, Legos still run about 10 cents / piece. The new Maersk container ship runs slightly less than 10 cents / piece.  

Analysts Are Now Running The Numbers To Potential Windfall For US LNG Producers, Exporters -- March 19, 2026

Locator: 50260B.

Mideast natural gas:

AI prompt: how much in annual revenue from LNG for Qatar?
 

Big loser? Europe and faux environmentalists. China, India will return to coal.

Refiners In The Limelight -- March 19, 2026

Locator: 50261REFINERS.

Most notable, MPC. Huge jump this a.m., only to fall back.

Commodities: everything suggests movers and shakers are betting on severe global recession.  

US refiners, one month returns: 10 to 20%. All hitting new 52-week highs. All pay great dividends.

P/E: most at 16 to 20. CVX at 30. 

LNG exporters, in the past month:

• Cheniere: up almost 30%.
• Venture Global: up 60%.

Qatar: To Declare Force Majeure On LNG For Up To Five Years -- Thursday -- March 19, 2026

Locator: 50260B.

Mideast natural gas:

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Back to the Bakken

Director's Cut: North Dakota’s latest production figures from January 2026 will be released TODAY at 10:00am CST during the March Director’s Cut.

WTI: $97.66.

New wells reporting today:

• Thursday, March 19, 2026: 26 for the month, 132 for the quarter, 132 for the year,
• 41846, conf, BR, Rolla 6G, 
• 41192, conf, Devon Energy, Eide 6-7 7H, 
• Wednesday, March 18, 2026: 24 for the month, 130 for the quarter, 130 for the year,
• 41029, conf, Devon Energy, Eide 6-7 6H, 
• 40056, conf, CLR, Brakken FIU 2-6H, 

RBN Energy: how LNG projects really get to FID and and what it take to be part of the Gulf Coast Wave. Link here. Archived.

The U.S. LNG industry has experienced monumental growth in the past decade, with winter feedgas demand averaging around 18.75 Bcf/d and expected to nearly double by 2030. But there’s also a hefty slate of additional projects somewhere along the path to a final investment decision (FID), each with its own hurdles and timelines. Getting across that FID finish line is anything but simple, and not all companies have the same criteria to get there. In today’s RBN blog, we’ll walk through the North American LNG projects in various stages of commercial and financial commitment and discuss what it really takes to reach FID.

First, let’s offer a refresher. We’re at the 10-year anniversary of Lower 48 LNG exports, and since that time LNG has become the fastest growing outlet for U.S.-sourced natural gas supply.​ The U.S. has around 17 Bcf/d of export capacity, and we’re on a path to about 30 Bcf/d by 2030, driven by projects already under construction. U.S. LNG experienced a record-breaking 2025, as feedgas demand climbed from around 14 Bcf/d in January to 18.75 Bcf/d at the end of the year, and it will likely hit 20 Bcf/d by the end of this year.

Six new LNG projects across five terminals reached FID in 2025. Of those, there are two new terminals plus expansions of several projects that took FID during the last major wave in 2022-23. Cheniere has two projects that reached FID in 2025 under construction at its Corpus Christi Liquefaction (CCL) facility in Gregory, TX (see light-blue diamond below): CCL Stage 3, which includes seven Midscale trains, and CCL Midscale Trains 8 & 9, which is essentially an expansion of Stage 3. Rio Grande LNG (dark-blue diamond) and Port Arthur LNG (green diamond) are continuing their projects. They both moved forward during the last major wave in 2022-23. Rio Grande LNG is moving ahead with Trains 4 and 5. Port Arthur LNG has sanctioned a Phase 2 expansion that will add Trains 3 and 4, one additional storage tank and another marine berth. Venture Global’s CP2 (pink diamond) and Woodside Energy’s Louisiana LNG (orange diamond toward the top) have both started construction.

Figure 1. LNG Facilities and Planned Projects. Source: RBN.

 

MU — From Axios This Morning -- March 19, 2026

Locator: 50259MICRON.

From Axios this morning.

3. Micron's moment

Data: Financial Modeling Prep; Chart: Axios Visuals Memory chipmaker Micron's stock is surging this year. Why it matters: It's a sign that the AI boom is still, well, booming — and the market has a new fave stock. Micron makes memory chips essential to AI data centers — and demand is outpacing supply, driving shortages.  The latest: The company's revenue surged to nearly $24 billion in the second quarter, up from $8 billion during the same period last year — nearly tripling — it reported yesterday.  Profits were close to $14 billion. Stunning stat: Micron's stock closed at $461.73 yesterday — up 354% from last year.  Of the 10 most valuable U.S. tech companies, only Micron's stock is up this year, CNBC notes. The intrigue: Until recently Micron's stock price moved roughly in sync with Nvidia's. And Nvidia was the one with both blowout earnings and big stock surges. Now, its stock is down slightly for the month. That's despite posting record sales and earnings in February.  And just this week CEO Jensen Huang said he expects the company to reap "at least" $1 trillion in revenue through 2027. "It's an odd dichotomy," says Abby Yoder, U.S. equities strategist at JPMorgan Private Bank. It's likely "positioning fatigue," she adds. "After an extended period of the same names driving returns, investors are looking for a different angle." The bottom line: The stock market's found a new belle of the AI ball.

GE — October 11, 2025

Locator: 10010GE.

The Three GE Companies -- Stand-Alone Companies But All Retain The GE Heritage And The GE Name -- October 11, 2025

For the grandchildren, I will highly recommend their portfolio include the three GE companies, if looking at a 30-year horizon:

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Disclaimer
Brief Reminder 

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've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
• Longer version here.