Thursday, March 7, 2024

If Chevron Can’t Buy Hess, Could … March 7, 2024

Locator: 46697CVX.

I’ll let readers finish the question. It’s a pretty clever idea.

Hint: what’s in a name?

On another note, all-time highs today, link here.

*************************
The Gardening Page

Five photos, each one taken in the morning at the same time, for five consecutive days:




Just Getting Started -- March 7, 2024

Locator: 46696B.

These are just the headlines -- I have a lot of reading to do today. I will come back to a few of these stories later. ChargePoint is in the wings, as they say, or in the batter's box. 

Shrinkflation is how CNBC titled this graph; look at the huge drop in prices. Wow, even CNBC anchor seemed surprised but then spun the story: 

Interestingly the CNBC anchor seemed skeptical of industry-wide collusion to keep prices high to maximize profits.

Obesity crisis in the US: I'm not completely averse to smaller portions of Rice Krispies treats, or even less chips in a potato chips bag.

Cost of Ozempic: $900 for a 30-day supply.

Black Heritage Month: somewhat disappointed. Was it just my imagination or did others notice this also -- it seems BHM was rather subdued this month. Perhaps overshadowed by anti-Sematism, anti-Muslim controversy. I don't know but it just seems I didn't see much on cable this past month. 

Headline of the day: now it's an existential issue -- accomplished tech expert shows us how to charge an EV and headline writer noted she "lived to tell the story." I can't make this stuff up.

EVs:

  • Tesla Model S sedan: 2012
  • today, 2024, WSJ contributor, long-read article, on challenges of charging her Ford EV
    • I'm wondering whether I should stop at Shell today or XOM tomorrow to fill the gasoline tank of my 2011 Honda Civic which gets about 35 mpg (80% highway, 20% city)
    • it's a daily worry I have: refueling my ICE
    • time to do a full page story on refueling my Honda for WSJ readers
  • Rivian: investors upbeat; one incredibly important data point not disclosed in this article; but I give up; if folks don't see this, it's not worth my time to point it out.
  • at the Verge, the unveiling
    • cost of production: $60,000 (estimate, needs to be fact-checked)
    • MSRP: $45,000

FuelCell Energy:

  • I'm having trouble reading the y-axis -- looks like this penny stock once sold for $7,000; needs to be fact-checked;

Toyota:

  • doesn't sell a single pure EV in this country (needs to be fact-checked)
  • Toyota will gain more US market share than any other car company this year; link here.

Lego:

  • amazing
  • Lego 100
  • set #10221:
    • retail price when released in 2011: $399.99.
    • retired in 2014; lifespan of only 34 months.
    • current value: $1,378.
    • perfect set not in box: $1,125.
    • available locally for $900.
  • set #10123 Cloud City
    • released: 2003, $99.99;
    • retired
    • current value: $8,500

AAPL: +/- today.

*************************
The Book Page

Camera Girl: The Coming of Age of Jackie Bouvier Kennedy, Carl Sferrazza Anthony, 2023, p. 17:

This describes scenes in The Great Gatsby, the most recent movie version, to a "t" as they say, including, amazingly, the geographic location and the protagonist's past. Wow.

Never quit reading.

GDP Now Estimate — 1Q24 — 2.5 — March 6, 2024

Locator: 46695GDP.

2.5.

Up from 2.1 previously.

**********************
Lego

Added to my collection this past week.

Link here.

Saudi Cash -- January, 2024

Locator: 46694KSA.

Note: KSA is pronounced "cash."

Largely irrelevant but will “confuse” things for awhile.

Link here.

Several Wells Coming Off Confidential List Today, Tomorrow -- March 7, 2024

Locator: 46693B.

WTI: $78.63.

Friday, March 8, 2024: 98 for the month; 157 for the quarter, 157 for the year
39793, conf, Petro-Hunt, Terres 144-97-18B-19-1H,
39739, conf, Iron Oil Operating, Antelope 5-36-25H,
39738, conf, Iron Oil Operating, Antelope 4-36-25H,

Thursday, March 7, 2024: 95 for the month; 154 for the quarter, 154 for the year
40054, conf, Oasis, K2 Holdings 5401 11-31 3B,
39612, conf, Grayson Mill, Barracuda 150-100-2-11-6H,
39585, conf, Whiting, DE Bud 44-32-5H,

RBN Energy: EIA's latest approach to weather modeling promises forecast improvements.

The Energy Information Administration (EIA) recently changed the weather forecast methodology for one of its most important energy models — the Short-Term Energy Outlook (STEO) — and while we talk about the effects of weather on energy markets fairly often (571 times in the past 12 years, or about once a week, but who’s counting?), we rarely take a step back and explain how those weather forecasts are used. In today’s RBN blog, we look at different approaches to weather forecasting, the recent change made by the EIA, and how the new approach might affect our understanding of EIA forecasts.

Weather has a significant impact on the demand for — and sometimes, the supply of — a number of hydrocarbon commodities, especially natural gas and propane, but also heating oil and other fuels. The benefits of accurate weather forecasts are obvious: For example, a month-ahead or quarter-ahead prediction of a frigid January in Massachusetts or a lingering July heat wave in Texas would be of major value to a wide range of market participants, including electric-grid planners, power generators, and natural gas marketers and pipelines, not to mention propane and heating-oil dealers in New England. In addition to helping markets anticipate fuel demand, forecasts of extreme weather also can signal prospective challenges with fuel supply, such as well freeze-offs that temporarily slash production of natural gas (or blizzards that make some commercial/residential fuel deliveries virtually impossible.