Tariffs -- August 4, 2025

Locator: 48778TARIFFS.

Link here. 

This tells me all I need to know about Europe's economy.

Hanging by a thread. Or hanging by a threat.

EU can’t afford to lose the US market. They’re in no position to raise tariffs.

EVs: Five Charges To Get From Minneapolis, MN, To Chicago, IL -- ICE Does It On A Single Tank of Gas -- August 4, 2025

Locator: 48777EVS.

I honestly did not know these stories still existed. We used to see these stories day in / day out ten years ago, but I thought we well past this stage of EV development. Wow.

From InsideEVs, August 2, 2025:

As noted, it would be unusual for any current gasoline-powered / diesel-powered vehicle on the road today that could not make the trip from Minneapolis, MN, to Chicago, IL, on a single "tank of gas."

But this driver, even before she started out, knew she would have to make several stops in her EV to go that distance.

She needed to charge five separate times on her journey.

After her first stop out of Minneapolis, she still had three more re-charging stops before she reached her destination.

When she began her fully-charged journey in Minneapolis, her infotainment screen indicated that she had one hour and eight minutes of range, before she needed to stop for her first re-charging once on the road.

Are you kidding me?

But this is what's amazing. 

On social media at this "green site," no one was concerned about the 800-lb gorilla in the room (lack of range even on a full charge) but wrote into give advice on how to accomplish the trip with fewer recharging stops.

Okay, so that's exactly how I want to lead my life. Every time I get into my EV with a destination more than a hundred miles away, I need to "crowdsource" advice on how best to make that trip.

LOL.

And that's why EVs are not for me, and that's why it's going to be a long time before "real" EVs become the car of the people.

Having said that, folks love "fake EVs." That's because with their gasoline engines there's no range anxiety and one can get from Minneapolis to Chicago on a single tank of gas. 

I would expect to see this story in a marketing brochure for gasoline-powered muscle cars, not in a "green / EV" media outlet. But this was a feature story in InsideEVs.

My hunch: Ms Erika McEntarfer will fine a welcoming home at InsideEVs where she can make up the numbers as she goes along.

The author of the article, his profile is here.

The Disclaimer -- August 4, 2025

Locator: 48776DISCLAIMER.

**********************************
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.   
  

The Market Today At The Close -- August 4, 2025

Locator: 48775MARKET.

Well after the close:

• Dow: up almost 600 points;
• S&P 500: up almost 100 points;
• NASDAQ: up 400 points.

We'll talk about this today.

All I can say is that a lot of folks don't seem to be paying attention.

We'll talk about it later.

**********************************
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.   
  

Three New Permits; Three Permits Renewed: Six Permits Canceled; Two DUCs Reported As Completed -- August 4, 2025

Locator: 48774B.

WTI: $66.27.

Active rigs: 30.

Three new permits: #42175 - #42177, inclusive;

• Operator: BR
• Field: Elidah (McKenzie)
• Comments:
• BR has permits for three Omlid wells, SESW 7-151-97, 
• to be sited 410 FSL and 2036 / 2100 FWL.

Three permits renewed:

• Empire North Dakota (2): a Merganser permit and a Penguin permit, both in Bottineau county;
• BR: a Patton permit, Bailey oil field, Dunn County;

Six permits canceled:

• CLR (4): two Olympia permits and two Charleston permits, all in Williams County;
• Slawson: two Diamondback permits, Mountrail County;

Two producing wells (DUCs):

• 37577, 598, BR, Keene 21-2 TFH, Dunn County;
• 40581, 367, Koda Resources, Stout 183-4BH, Divide County;