Monday, August 3, 2026

Cost Of Air Flights -- I Guess It Depends -- August 3, 2026


Locator: 51319ARCHIVES. 

 Insanity

Some might argue that several countries now have crazy men/women running them. In this case, Russia. Coming to the aid of a few Russians in a regional civil war has resulted in this headline for Russia:

Ukraine’s Drone Campaign Drives Russian Oil Refining to 24-Year Low 

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The Cost Of Flying

My flight to Portland, Oregon, from DFW (north Texas) last week (July/August) was appreciably more expensive than my flight that will be taken in late October/November. Same exact flight. 

On the other hand, choice of seats are costing significantly more. Two years ago, the seat I preferred, 35D, cost $9. Gradually, it has gone up to $25. And even if I pay for it, it is not guaranteed. On my flight from DFW to PDX last week, I had paid for my seat ($19) and at time of boarding I was re-assigned to 36E -- moving me from an aisle seat to a middle seat. I get claustrophobic in window seats and can't hand window seats. Of course, I would never pay for a middle seat, but apparently all seats now carry a special charge if you select a seat.  

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Dental 

It's very difficult to get an appointment with my dentist. Usually a 3-month wait for a routine appointment.

I'm scheduling a root canal. They asked me when would be a good date. I suggested the day after I died. 

They said, "no."

My alternative: schedule the root canal for three months from now. If the tooth is doing well, re-schedule for three months down the road. Do that until ...  

Seriously, I had a root canal by this same dentist, maybe a year ago, and it was no big deal. It took awhile. 

For the archives. 

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Word for the Day: Qualia
 

Dividend Stocks Did Better Than Others In July -- August 3, 2026

Locator: 51318DIVIDENDS. 

Before we get to the dividends, breaking news right now -- a cargo ship in the strait about 20nm north of Oman has been hit. WTI tonight: $80.90. Up slightly. The current windfall profits tax introduced in the US Senate back on March 1, 2026, can be tracked here. This seems like a no-brainer.  [Fifteen minutes later: WTI is creeping up; it's now over $81.]

A windfall profits tax on US oil will likely result in:

  • integrated companies like CVX will expand refining, decrease drilling;
  • small oil companies will make economic decisions on whether to continue drilling at same rate;
  • will get a lot of headlines but will not amount to much.

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Dividend Stocks 

Add Another Name To The $3-Trillion Club -- Market Cap -- AMZN -- August 3, 2026

Locator: 51317AMZN. 

Tag: AMZN, Amazon 

Link here


At $285 / share, it's one of the few "affordable" tech stocks right now. LOL. But look at this: it's p/e is 22. Maybe I misread that. Need to confirm.

  • SRE has a p/e of 30.
  • GM: 44.
  • MDU: 22
  • BRKA: 15 
  • MCD: 22.

Amazon + MSFT: have added $1.8. trillion in market cap in three days. 

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A Musical Interlude

Link here. The zither music from The Third Man would fit right in. Real Japanese jazz.

The Consumer That Affects The Market Is Doing Just Fine -- August 3, 2026

Locator: 51316MOVIES. 

Tag: Spider-Man, Spider Man, movies. 

Updates

CNBC, August 3, 2026 

Posted Earlier


You Can Howl At The Wind, But AI Is Here To Stay -- Palantir -- Monday, August 3, 2026

Locator: 51315PLTR.

Palantir: earning results were amazing. PLTR's Rule of 40 score is now 155. Holy mackerel. I haven't followed PLTR at all but I bought some "on a lark," as they say, and to have some money in the game. Palantir is turning out to be the most exciting of them all. "The ring to control all rings." Palantir absolutely "destroyed" all their earnings:

  • revenue $1.94B vs Est. $1.81B
  • EPS $0.41 vs Est. $0.35
  • US Commercial: $764M vs Est. $716M (+149% YoY)
  • U.S. commercial remaining deal value: $6.2B (+124% YoY) FY26 Guidance
  • revenue $8.16B vs Est. $7.73B
  • operating Income $4.9B vs Est. $4.5B  
  • CRAMERPalantir posts blowout Q2 numbers, with U.S. commercial revenue soaring nearly 150%. 

More Palantir:

 
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AI In The USA
 

The most important "thing" on this graph is the y axis. Look at 2025 to 2026.

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Disclaimer

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. Now, I've added Amazon. And QCOM.
  • Longer version here 
  • ********************************
    CUDA
    From Wiki

    Lana Del Rey -- When She's Good -- She's Great -- A Masterpiece -- August 3, 2026

    Locator: 51314MUSIC.

    Link here

    Be sure to read the comments.

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    The Book Page

    Hammett: Complete Novels -- Red Harvest, The Dain Curse, The Maltese Falcon, The Glass Key, The Thin Man.

    We all knew he did The Maltese Falcon; I did not know he also the The Thin Man

    The Maltese Falcon went into the public domain today. 

    Watch for the cheap Barnes and Noble knockoff. 

    From the jacket, "In a few years of extraordinary creative energy, Dashiell Hammett invented the modern American crime model."

    He served in both WWI and WWII as a US Army sergeant.  

    Four New Permits, Six Permits Renewed, Five DUCs Reported As Completed -- August 3, 2026

    Locator: 51313B.

    Someone's lying and a bit "lost in translation -- 

    • Trump: the war plan is "locked and loaded." But the "perimeters of the deal" have been settled, so the pause in hostilities will cease.
    • Saudi: the sides are talking. Give peace a chance.
    • Iran: we didn't talk to the US. We're only negotiating with Oman over control of the strait. 
    • IRGC: the strait is still under our control. Oman is a side show.
    • CENTCOM: the US Navy has control of the strait

    GLW and CAT corroborate that this is not a bubble.  

    Williams (WMB) clinches $5.5B momentum midstream deal to dominate Haynesville-to-LNG corridor. The LNG corridor is to the Gulf coast or more specifically perhaps to Cheniere. 

    Headlines suggest the usual budget-government shutdown won't happen this year.  

    For peace breaking out in the Mideast, this was surprising: WTI is now "in the green" for the day. 

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    Back to the Bakken

    Posted today: results of Kraken's Sarah wells in eastern Montana were posted today -- link here.

    WTI: $80.34.

    Active rigs: 28.

    Four new permits, #43180 - #43183, inclusive:

    • Operator: Phoenix Opering
    • Field: Charlie Bob, McKenzie County
    • Comments:
      • Phoenix Operating has permits for four Setter Fed wells, NWNE 22-145-98, 
        • to be sited 624 / 699 FNL and 1560 FEL.

    Six permits renewed:

    • BR: three Kirklandfill permits and three Morganfill permits, all in Pershing oil field, McKenzie County.

    Five DUCs reported as completed:

    • 41957, 1,886, Kraken, McCabe
    • 41958, 1,766, Kraken, McCabe
    • 42416, 1094, Kraken, Emerson
    • 42417, 594, Kraken, Emerson
    • 42418, 602 , Kraken, Emerson

    *********************************
    Disclaimer

    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. Now, I've added Amazon. And QCOM.
  • Longer version here 
  •  

    How In The World -- With Regarding To Investing, This Is The World's GOAT -- August 3, 2026

    Locator: 51312THEGOAT.

    At the close or near the close:

     
    BRK-B at the close, screenshot taken at same time as above screenshot. 


    Everybody Knows This Is A Reposting -- August 3, 2026

    Locator: 51311MIDEAST.
    Pageviews: 74,000,182. 4:00 p.m. CT, August 3, 2026. 

    I'm truly getting tired of this sh*t. 

    August 3, 2026: link here

    August 3, 2026: Lyin' eyes. Maybe. Later.

    August 3, 2026: link here. No song could be more apt.  

    August 3, 2026


     Fool me once, shame on you. Fool me a half dozen times, shame on my staff.

    Link here

    Updates

    • 8:20 p.m. 2 August 26: link here --  


    • 7:56 p.m. 2 August 26: link here 


    • 4:06 p.m. 2 August 26: it's becoming clear that the most recent deal is very, very unlikely to hold. Reasons:
      • the Iranian government and the IGRC have both said that Iran did not agree to what Trump said in his Truth Social tweet; if true, and it likely is, Trump was snookered again, but had little choice after that phone call from Saudi Arabia
        • Iran says they are now negotiating with Iran to determine new routes
        • they are not negotiating with the Allies to give up control of the strait 
        • the big question: why did Iran invite Oman in? It bought time for Iran. 
      • it appears the new deal between Iran and Oman:
        • Iran will control who enters the Gulf; 
        • Oman will control who departs; 
      •  Iran will never negotiate the end of their control over the strait
      • this is the only chance Iran may ever have to defeat "the Great Satan." 
        • if that happens, the root cause: Trump's vacillating
        • if that happens, the immediate cause: lack of armaments, poor planning on Hegseth's part;
        • shared responsibility: Trump's opponents 

    3:45 a.m. 2 August 26: overnight notes on x suggest that President Trump "caved" to Crown Prince MBS of Saudi Arabia to hold off on massive strikes. Those sources suggest that Saudi Arabia would have been the main target of Iran if the massive strikes had proceeded. If that is accurate, President Trump is a) being played by negotiators in the Mideast; and/or b) he is giving Iran yet another reprieve, again at the request of Saudi Arabia. Obviously, this time one assumes President Trump is keeping the blockade on Iran in place. This will be fascinating to watch, to see if the strait is completely opened without conditions. 

    Original Post 

    So, let's see how many attacks by the IRGC will the administration let go over the next 72 hours.

    This does not seem to be a headline story over at The NYT.  Fox News is reporting it. Trump says we're "locked and loaded." At one time we were locked, loaded, and launched. I don't see any headlines over at The Washington Post either. 

    The Kraken Sarah Wells In Eastern Montana -- August 3, 2026

    Locator: 51310SARAH. 

    This is for the reader who alerted me to these Kraken Sarah roads in the eastern Montana Bakken, Richland County, to be specific, just a few miles southwest of Williston. 

    These are just six miles from the western North Dakota border. They have just been completed. Division orders have been sent, and this particular reader says she has royalties from these four wells recorded in her online account.

    I don't know how to use the Montana oil site map located at this link very well: https://bogapps.dnrc.mt.gov/dataminer/


    There are five Sarah wells in this section. Four appear to be a six-well pad with two Delores pads, also. The parent Sarah well is to the east of the pad.



    Here we are zoomed out a bit. Notice "North Dakota" to the east (right). Note the location of these wells in relation to Fairview, Montana, inside the oval. The Sarah wells are just a few feet to the south of Highway 201, which lies above the well-known US Highway 200 which takes you to US Highway 85 in North Dakota and then on to Watford City.


    Self-explanatory:

     
    Click on a well and you will get this dialogue box. From this box you can get well data and production data. 

    Manic Monday -- August 3, 2026

    Locator: 51309ARCHIVES.
    Pageviews: 73,991,315. 9:30 a.m. CT, August 3, 2026.

    Sell in May, go away? Not this year.


     I will be off of the net most of today. Good luck to everyone.

    Ticker CAT:


    You can howl at the wind, but AI is here to stay.