Tuesday, February 26, 2013

ObamaNation 2013

Правда

July 8, 2013: More Americans are "on food stamps" than those who have full-time jobs in the private sector in the US. 

July 8, 2013: quick! who is the #1 employer in the US? Wal-Mart. Now, is #2? Kelly Services: a temporary staffing agency. 

July 4, 2013: the post-mortems start coming in -- the president spent way too much political capital backing the wrong horse. Politico is reporting:
President Barack Obama insisted Monday that he isn’t taking sides in the standoff between Egyptian President Mohamed Morsi and millions of protesters who’ve taken to the streets to protest his policies.
But that’s not likely to be enough for many in those angry crowds, who seem firmly convinced that the White House has bolstered the Muslim Brotherhood leader, even as ordinary Egyptians — and some in his own Cabinet — have grown increasingly dissatisfied with his rule.
Isn't taking sides? President O'Bama threw Mr Morsi under the bus on July 3. See next story.
July 3, 2013: the administration wasted no time in throwing Egyptian president Morsi under the bus; the Obama administration had been big supporters of this Islamist; the second Egyptian revolution within a year reminds us of the Benghazi debacle.

June 1, 2013:  a reader sent me this via e-mail (no link):
A reader sent this in to the Tallahassee newspaper Zing section: 
"Named my tea party organization Liberal American Progressives Defending Oppressive Government, or LAPDOG.  Got my application for tax-exempt status through the IRS like greased lightning."
May 12, 2013: I don't think there are many things worse in this country than directing the IRS to audit your enemies. It will be interesting to see how far this scandal goes, and if any heads roll

May 12, 2013: how bad is it going to get? I remember at the time of the first inauguration, or the nomination, I forget when, but I do recall very clearly Michelle telling Barack "not to mess it up." Well, this is where we stand on mother's day going into the second term:
  • Правда: seems to be the exactly the right analogy: it turns out that the IRS was targeting not just right-wing, conservative parties, but also schools that were teaching the constitution
  • the mainstream media starting to call Art Carney a "liar" but not actually using the word
  • the mainstream media is turning on Obama on the Benghazi story (see The Atlantic)  
  • his fellow Democrats are starting to see that implementation of ObamaCare later this year will be a "train wreck"; at least one Senator (Montana's Baucus) will not run for re-election because of the debacle about to occur
  • it turns out that Washington missed warnings on the Boston Marathon bomber (though it probably would have made no difference; this administration does not have a good record on returning "bad guys" to their home country when violating their visa status 
  • the GOP is holding up Obama nominations; all the above will give the GOP more resolve
April 18, 2013: Within 24 - 48 hours of the Boston Marathon bombing, a decision was made to "deport" a Saudi national who was of interest early in the investigation. The FBI said they had a suspect, and then said they didn't. One wonders if the FBI had identified a Saudi national as the suspect, and then got a call from the White House to back off. It will be very disturbing if no one is ever held accountable for this terrorist event. It's very likely that the White House made a calculated decision that the loss of three lives in Boston will blow over in a few weeks when no one is held accountable. 

March 19, 2013: Seven US Marines die in a training accident in Nevada, and the President tweets a "White House snack." Absolutely no sensitivity to the military. White House tours, by the way, have been canceled, due to 2% budget crunch. 

March 1, 2013, later: at the press conference, the president says the sequester is "just plain dumb." Wait until we get to the debt ceiling later in the month. And speaking of "just plain dumb," the president's weekend golf outing with Tiger Woods = 341 furloughed government workers. Senator Jeff Sessions calls the president's "response to the sequestration "the most cynical behavior I have seen during my time in Washington." My question: why are furloughed workers given a three-day weekend; the furlough should be on Tuesday or Wednesday if furloughed one day/week. Those are usually the "quiet days." And government workers like to be in the office Monday to order from the internet, especially after Black Friday, the biggest shopping day of the year, after which all the specials are advertised. [March 3, 2013: this sequester that is "just plain dumb." Remember, it was the president who proposed it and now the White House admits it.]

March 1, 2013: looks like the market likes what it sees. The market is up after the news: the president will go through with the sequester order, at least based on his rambling press conference. Did anyone understand his answer to the first question? I left before the second question was asked.  At least I know it was the "other side's" entire fault. Something about the "other side" not giving the president a "dime" in revenue.


First face-to-face meeting between President Obama and GOP Congressional leaders -- on the day the sequester order to be signed. The face-to-face meeting is scheduled to last seven minutes: three minutes to file in; one minute photo-op; and, then, three minutes to file out. February 28, 2013. Everybody knows. 

Everybody Knows, Leonard Cohen


Additional columnists and reporters are coming forward: they've been threatened by the White House to quit writing "negative" stories about the Obama administration. Nixon bunker mentality? Madness? Imploding? February 28, 2013

Democrats complain that a "debt clock" is on display on Capitol Hill, as reported by The Daily Caller, so it is "not displayed" when the Democrats are talking. February 26, 2013.

************************

ABC edits Michelle's comment, February 26, 2013
The uncut, original transcript:
“She was standing out in a park with her friends in a neighborhood blocks away from where my kids…grew up, where our house is. She had just taken a chemistry test. And she was caught in the line of fire because some kids had some automatic weapons they didn’t need,” she said. “I just don’t want to keep disappointing our kids in this country. I want them to know that we put them first.”
The phrases in bold were cut to save time, according to ABC News.

The edited, aired version:
“She was standing out in a park with her friends in a neighborhood blocks away from where my kids grow – grew – up, where our house is. And she was caught in the line of fire - I just don’t want to keep disappointing our kids in this country. I want them to know that we put them first.”
And so it goes.

As reported at The Washington Examiner.

For Investors Only: Enbridge (ENB) Drops After-Hours; About Same Time WSJ Posts An Article Featuring Canadian Ambassador Speaking on Merits of Keystone; Says It Should Be Approved This Spring

Updates

February 27, 2013: with regard to "huge" after-hours drop in ENB yesterday; never mind. ENB is up slightly from yesterday's close. The after-hours drop appears to have been a one-off, but we will see how the rest of the day goes.

Original Post
The Wall Street Journal is reporting:
Canadian officials have been ramping up their public lobbying in support of U.S. approval of TransCanada Corp.’s Keystone XL pipeline expansion. The Obama administration is expected to make a ruling in coming months. 
Amid that campaign, Gary Doer, Canada’s ambassador to Washington, told Canada Real Time that he has a question for the American people: “Do you want your oil from Hugo Chavez or do you want it from Canada?” 
Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read at this site.

Wells Coming Off The Confidential List Wednesday Including Another OXY USA Well; QEP Looks To Have a Huge Well

20750, 53, OXY USA, Katie Heiser 1-12-1H-142-95, Murphy Creek, t8/12; cum 2K 12/12;
21868, 957, Zavanna, Barker 24-13 1H, Boxcar Butte, t12/12; cum 36K 12/12;
22029, 1,961, QEP, MHA 4-32-29H-150-91, Heart Butte, t11/12; cum 30K 12/12;
23466, 226, American Eagle, Silas 3-2N-163-101, Colgan, t12/12; cum 10K 12/12;
23598, DRY, Whiting, Kittelson 32-27R, wildcat, a Deadwood well; northeast of Beach, in the southwest corner of the state; probably a Red River well;

*******************************

20750, conf, OXY USA, Katie Heiser 1-12-1H-142-95, Murphy Creek:

DateOil RunsMCF Sold
12-201221787
11-20122230
10-20124510
9-20128900

 21868, conf, Zavanna, Barker 24-13 1H, Boxcar Butte:

DateOil RunsMCF Sold
1-2013168130
12-2012188570

22029, conf, QEP, MHA 4-32-29H-150-91, Heart Butte:

DateOil RunsMCF Sold
12-2012261926213
11-201227900

 23466, conf, American Eagle, Silas 3-2N-163-101, Colgan

DateOil RunsMCF Sold
1-201332760
12-201250560
11-20127060

Midwest Motor Express Expands In Rapid City, SD

The Rapid City Journal is reporting:
Midwest Motor Express has announced plans to build a new $2.3 million service center/terminal at 3720 Seger Drive, off Interstate 90 Exit 61.
The new facility will have a larger footprint than the company’s current location at 540 Deadwood Ave. and, with four additional freight doors, also offer more flexibility.
It will also mark the first time in Midwest’s 30-year Rapid City history that the North Dakota-based freight company will own its building here.
The company:
Midwest Motor Express is considered a “less-than-truckload carrier.” It provides shipping services for individual pallets and smaller shipments. Founded in 1918, the company has 30 service centers in 16 states.

Well Completions of Interest in Montana

The Fairfield Sun-Times is reporting:

In Petroleum County, Central Montana Resources, LLC turned in a completion report for the Snowmane 6. The well, which taps into the Heath Formation, has a total depth of 4,244 feet. The well reported an IP of 125 barrels of water per day (no typo -- I can't access original source to confirm).

In Richland County, Whiting Oil and Gas Corporation reported the completion of three Bakken Formation wells. 

  • The Double Bar M 24-32H: an IP of 375 bopd; 233 mcfpd.
  • The Kittleson Federal 34-23-1H: an IP of 564 bopd, 128 mcfpd. 
  • The Kittleson Federal 24-24-1H: an IP of 558 bopd, 45 mcfpd.
Continental Resources Inc. reported the completion of the Helen 3-19H in Richland County: IP was 642 bopd, 342 mcfpd. The well targets the Bakken Formation.

In Sheridan County, Marathon Oil Company filed a completion report for the Dave Clark 21-13H; the Three Forks Formation well reported an IP of 159 bopd, 74 mcfpd.