Friday, November 14, 2025

Nancy Pelosi's Stock Portfolio On Retirement -- November 14, 2025

Locator: 49717PELOSI. 

Completing my thoughts on this. Re-posting the first part from November 7, 2025. See this note, also.

Locator: 49372PELOSI.

This is my pet peeve of the day:

This is being reported "everywhere" in conservative / MAGA / Trump-supporting media outlets.

I have no problem with Ms Pelosi's investment results. None whatsoever.

I would congratulate her on what she has accomplished. I can't recall anything that she and I would both agree upon. Having said that, she was probably "more" correct for the average American than I was but that's a different discussion for a different time.

But with regard to her investments: good for her.  

I'll provide a rationale for these comments later. But I'm doing more important things this evening -- like watching college football. LOL.

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Nancy Pelosi

She entered US Congress in 1987 and will have served 38+ years when she retires.  

General officers in the military generally serve 30 - 34 years. One-star general and flag officers probably serve around 34 to 36 years. The rare four-star general and flag officers will serve close to 40 years. 

In 2007, Nancy Pelosi became the Speaker of the US House for the first time. There have only been 56 people who served as speaker of the US House. How many were women? One. There  has been only one woman to serve as Speaker of the US House. There has been only one person to have served longer than Nancy Pelosi as speaker of the US House: Sam Rayburn.

In other words, Nancy Pelosi:

  • is an extremely rare American statesperson;
  • has excelled in a world dominated by men;
  • has had an annual salary nowhere near what an individual of her stature would have made in the civilian world
  • unlike military general and flag officers who easily move into high-paying military-industrial jobs at very high levels, such opportunities generally don't apply to retired Congressmen/women
  • has suffered greater political / public abuse than almost any military officer

In my mind, even though I find very little about her that I support, I have no problem with how she has done with investments. 

But look at this. How well has she actually done? Two graphs: 


Compared to that 18,000% appreciation in Walmart, Nancy Pelosi's stock portfolio has appreciated 17,000%. BRK-B has been even worse. See below. I know we're comparing apples and oranges. 

Walmart vs BRK-B:

Computer Storage -- Memory -- November 14, 2025

Locator: 49716TECH. 

Link here. Archived.

Best external storage SSD.  1TB to 4TB. About $100 / TB. On sale, a 4TB for $300.

For AI, How Much Natural Gas Are We Talking About? November 14, 2025

Locator: 49715LNG. 

Link here. 

So, how much, in toto, are US liquified natural gas plants using now?

  • Average consumption: In the first half of 2025, daily natural gas deliveries to US LNG export facilities averaged 12.8 billion cubic feet (Bcf).
  • Recent figures: More recent projections for 2025 suggest an average of 15 Bcf/d.
  • Fluctuations: Daily consumption can reach higher levels; for example, a monthly record of 14 Bcf/d was set in April 2023.
  • Contributing factors: The high and increasing consumption is driven by robust demand for US LNG, particularly from Europe, and the return of terminals like Freeport LNG to commercial operations. 

Thank goodness for chatbots. I wonder how much natural was needed for that search? LOL. 

LNG = exported natural gas. 100% of LNG produced is exported by ship. Any natural gas exported to Canada or Mexico is pipeline natural gas, NOT LNG. 

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More Calculations

To move from ~15.4 Bcf/day today to 40 Bcf/day (Cheniere’s bullish upper bound) the U.S. would need roughly +24.6 Bcf/day of feedgas, equivalent to ~185 mtpa new liquefaction capacity — which translates to roughly 25–53 new liquefaction trains, depending on train size (most practical scenarios put it in the ~30–40 additional trains range using common 5–6 mtpa train sizes). 

US LNG terminals: project snapshot, nameplate mtpa, status:

Terminal

Operator

Status

NP_mbta

Expected_online

NP_Bcf/d

Sabine Pass (LA)

Cheniere

Operational / expanding

30.0

Existing (expansions ongoing)

4.0027

Corpus Christi (TX)

Cheniere

Operational + Stage 3 expansions (under construction/FID)

18.0

Stage 3 phases 2025-2026; further trains later

2.4016

Freeport (TX)

Freeport LNG

Operational (debottlenecking completed)

16.5

Expansion/debottleneck complete 2024

2.2015

Plaquemines (LA)

Venture Global

Commissioning / ramping (2024–2025)

27.2

2024-2025 (ramping)

3.6292

Calcasieu Pass (LA)

Venture Global

Operational (uprate approved)

12.4

Operational; uprate approval 2025

1.6545

Golden Pass (TX)

QatarEnergy / ExxonMobil

Operational / commissioning

18.1

Commissioning/early operation (2024-2025)

2.4150

Cameron (LA)

Sempra consortium

Operational/expansions possible

13.5

Operational (expansion studies ongoing)

1.8012

Port Arthur (TX)

Sempra / Partners

Under construction (Phase 1) / Phase 2 permitted

13.0

Phase 1 ~2027-2028 (Phase 2 later)

1.7345

Rio Grande (TX)

NextDecade

Under construction / FIDs for multiple trains (rapid expansion)

30.0

Multiple trains 2026-2031 (staged)

4.0027

Cove Point (MD)

Berkshire Hathaway Energy / Brookfield

Operational

5.75

Operational (since 2018)

0.7672

Elba Island (GA)

Kinder Morgan / Southern LNG

Operational (modular)

2.9

Operational; optimization/upgrades 2024-2025

0.3869

 Nameplate Bcf/d (adding up the numbers in the right column (rounded): 25 Bcf/d (nameplate).

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The Movie Page

Nick and Nora's After The Thin Man.

Sam Levene, police inspector. Decades later, Walter Matthau would channel Sam Levene. 

Walter Mathau in Charade sounds exactly like Sam Levene in After The Thin Man. Mathau yells at "Mrs Lampert" and Sam Levene yells at "Mrs Landis" and the "voices" are almost indistinguishable.

Wow, the "Nick/Nora" / Thin Man movies were excellent.  

Separate beds for Nick and Nora. LOL. 

Alison Ritter's Quick Connects -- November 14, 2025

Locator: 49714B. 

Quick connects:
• North Dakota approach to energy economics gets an A+ -- RealClearEnergy 
• US Supreme Court to consider North Dakota ranchers' pipeline fee dispute -- KX News
• Why an oil state Republican is fighting to protect an EPA emissions program -- InForum
• North Dakota backs $45M in EOR research to extend Williston Basin production -- World Oil
• WBI Energy advances plans for $500 million Bakken East Gas pipeline project -- Pipeline & Gas Journal
• Standing Rock Sioux argues against pipeline lawsuit dismissal in latest DAPL filing -- North Dakota Monitor
• Harwood residents continue to raise concerns to the Applied Digital data center during townhall -- InForum
• Company looking to build a 150 MW solar farm northwest of Arnegard in McKenzie County -- KFYR-TV
• McKenzie County ranchers property compensation appeal before US Supreme Court -- Institute for Justice
• Two-day event focuses on future of North Dakota's coal-fired energy production, policy updates -- KFYR-TV
• Senators Cramer and Hoeven tout deal to end government shutdown as a win for North Dakota -- KX News
• North Dakota's youngest lawmaker Dawson Holle announces state House reelection bid -- Bismarck Tribune
• North Dakota Supreme Court justices Fair McEvers, Tufte announce candidacy for Chief Justice -- KFYR-TV
• District 31 Republican Don Schaible to seek re-election to state Senate; first elected in 2010 -- KFYR-TV
• Airline passenger numbers in North Dakota set September record; top 100K boardings -- Bismarck Tribune
• Williams County Commission to explore application for new Commerce Department grant -- Williston Herald
• 'Magic Medora Christmas' to be performed at Minot State University on December 6th -- Minot Daily News
• 'A Magical Medora Christmas' touring musical to return to Crosby for the first time in four years -- The Journal
• Local leaders hear an update on Talon Metals project at Vision West energy workshop -- Hazen Star
• Dickinson approves $29.7M general fund budget for 2026 with 7.8% increase from 2025 -- Dickinson Press
• Watford City officially launching new 'Where Freedom Meets Fulfillment' brand -- McKenzie County Farmer
• Williston Fire Chief Matt Clark says he will retire at the end of the year; has served since 2021 -- KFYR-TV
• NDSU President David Cook hired to lead Iowa State University; grew up in Ames -- North Dakota Monitor
• State Superintendent Kirsten Baesler leaving North Dakota post November 24 -- North Dakota Monitor
• North Dakota lawmakers dig into subsidizing online classes for out-of-state students -- North Dakota Monitor
• Dickinson Public Schools officially approve $70.4M budget for the 2025-2026 school year -- Dickinson Press
• All K-12 North Dakota students have access to a virtual reality career exploration platform -- Dickinson Press
• Climate lawfare costs are being folded into household energy budgets every day, slowing economy -- The Hill
• 'Woke lawfare' finally exposed: Attorney unmasks carbon tax intent behind massive oil litigation -- Fox News
• Our coal fleet is as vital as our military; coal fired power is foundation of national defense -- RealClearEnergy
• Colorado seeks to extend life of major coal unit in bid to prevent electricity prices from spiking -- E&E News
• Green powerhouse China increasing number of coal construction projects and why it matters -- Newsweek
• US energy secretary says biggest use of department loan office will be for nuclear power plants -- Reuters
• White House finishes reviewing EPA's plan to redefine which waters covered by WOTUS law -- E&E News
• U.S. feed gas deliveries to LNG export terminals shatter yet another record -- Natural Gas Intelligence
• Texas to explore merits of electricity production using fossil fuels versus renewables -- RealClearEnergy
• Trump Administration approves Texas application for primacy over Class VI CO2 storage wells -- World Oil
• IEA predicts demand for oil and natural gas continuing to grow well past this decade -- Wall Street Journal
• Diverse, resilient energy production needed to meet future demand, global report says -- Minot Daily News
• White House slams Gavin Newsom over "disrespect" remark at COP30 climate summit -- Daily Caller
• Absurdity reigns at COP30 as UN, China leaders gaslight on climate and energy policies -- CFACT

One New Permit -- November 14, 2025

Locator: 49713B. 

WTI: $60.09.

Active rigs: 32.

One new permit:

  • 42476, conf, Petro-Hunt, Maruskie 159-94-10D-3-2H, North Tioga, Burke, to be sited 216 FNL and 1856 FEL. Well of interest, an active well in that section:
    • 23697, 211, Petro-Hunt, Maruskie 159-94-3B-10-1H, North Tioga, t11/14; cum 154K 9/25; a lousy well from the very beginning.