Week 24: June 12, 2023 — June 18, 2023

Locator: 44960B.

Top story:

• Government central bank action:
  
• US holds rates steady
• China cuts rates
• EU rates raised; highest in 22 years.

Top international non-energy story: 

• Russian-Ukraine war continues.

Top international energy story:

• Saudi Arabia running out of patience with regard to Russian oil production and pricing.
  

Top national non-energy story:

• Stock market rally.

Top national energy story: 

• WTI holds at $70
  

Focus on fracking: most recent edition. 

Top North Dakota non-energy story:

• 
  

Top North Dakota energy story:

• 
  

Geoff Simon's top North Dakota energy stories: 

• Quick connects.

Bakken economy:

Commentary:

Entertainment: 

TGIF -- End-Of-Day Report -- June 16, 2023

Locator: 44959TGIF.  

PGA: snarky -- is it time for Phil to move on -- to the "senior" tour?

• of the four majors, the only one Phil has not won, the US Open
• today, missed the cut at the US Open
• his play was incredibly uneven, even for Phil

Market: I skipped this week; will let the dust settle

• it was a wild week
• will invest next week

EVs:

• quick, what's one million charging stations x $100,000 each?
• $100 billion (?)
• link here.
• GOES: grain-oriented electrical steel. Wiki.
• the leader in electrical steel: TC Metal.

Merger:

• Charles Kennedy reviews the biggest oil and gas deal of the year so far:
• link here; if it's by Charles Kennedy, you know it's a must-read article.

**************************
Back to the Bakken

Active rigs: 39.

WTI: $71.41. Finishes out the week on a high note.

No new permits.

Six permits renewed:

• Grayson: four Orville permits, Todd oil field, Williams County; and, two Dave Arnson permits, same oil field; all six in lot four, section 4-154-101.

Isacc Asimov Is Not Part Of The Package -- June 16, 2023

Locator: 44958INV.

Link here.

Well, let's see how that affects NVDA?

NVDA is up antoher $7 today. Up 1.7% today. 

AAPL was green, then red, now pretty much flat.

Am I Misreading This? UMich Sentiment Survey Just Released -- June 16, 2023

Locator: 44957ECON.

Wow, wow, wow, break, break, break: look what just popped up. Link here.

I wonder if President Biden gets any credit for this? JPow? Biden, Schumer, McCarthy?

I can guarantee that none of my readers will send me this link. LOL. It doesn't fit the narrative. LOL.

Apple Talk -- June 16, 2023

Locator: 44956AAPL.

Tech specs. Multiple configurations. Configurations for PowerMac and Mac Studio below are generally not found in the "base" model.

Power Mac (the "cheese grater"): these specs are identical to the Mac Studio M2 Ultra but costs $3,000 more than the Mac Studio. How come? We'll come to later.

• 24-core CPU
• 76-core GPU
• 192GB unified memory (RAM)
• 800GB/s memory bandwidth
• supports up to 8 displays

Mac Studio:

• M2 Max:
• 12-core CPU
• 38-core GPU
• 96GB unified memory (RAM)
• 400GB/s memory bandwidth
• M2 Ultra:
• 24-core CPU
• 76-core GPU
• 192GB unified memory (RAM)
• 800GB/s memory bandwidth
• supports up to 8 displays

MacBook Air 15":

• 8-core CPU
• 10-core GPU
• 24GB unified memory (RAM)
• 2TB maximum configurable storage (memory)
• up to 18 hours battery life