Tuesday, July 9, 2024

Around The Net -- July 9, 2024

Locator: 48086B.

Leonard Peltier: denied parole. Again. Link here.

US air travel. Wow. Link here.

Vanishing islands not vanishing. Old, old story, but NYT finally getting around to reporting it. Geico Rock Award nominations for this story: NYT, Raymond Zhong.  The Maldives, the poster child for global warming and rising seas:

And indeed, when the world began paying attention to global warming decades ago, these islands, which form atop coral reefs in clusters called atolls, were quickly identified as some of the first places climate change might ravage in their entirety. As the ice caps melted and the seas crept higher, these accidents of geologic history were bound to be corrected and the tiny islands returned to watery oblivion, probably in this century.

Then, not very long ago, researchers began sifting through aerial images and found something startling. They looked at a couple dozen islands first, then several hundred, and by now close to 1,000. They found that over the past few decades, the islands’ edges had wobbled this way and that, eroding here, building there. By and large, though, their area hadn’t shrunk. In some cases, it was the opposite: They grew. The seas rose, and the islands expanded with them.

Great Barrier Reef: never better! Link here.

Rock and Brews: front men, KISS -- opens huge new establishment in Grapevine -- appears to be opening in destination locations ... 

Carry that weight: even The Verge commented on this. EVs can't corner. They weigh too much. Link here. They might do well competing in "Funny Car" races.

My wife laughed. She doesn't get it! Link here.

When NPUs Can Do This, Then We Have "Real" AI -- July 9, 2024

Locator: 48085B.

Link here

Two neurons communicating with each other.

WTI Continues To Drop As Hurricane Recedes -- Four Wells Coming Off Confidential List Today -- July 9, 2024

Locator: 48084INV.

WTI: $81.78.

Wednesday, July 10, 2024: 26 for the month; 26 for the quarter, 352 for the year
40299, conf, Whiting, Sanish Bay E Federal 5292 31-6 3B
40253, conf, CLR, Benner 5-7H,
39894, conf, Hess, EN-Madisyn-LE-154-94-0705H-10,

Tuesday, July 9, 2024: 23 for the month; 23 for the quarter, 349 for the year
40252, conf, CLR, Benner 4-7H,
39964, conf, Petroshale, Primus 1TFH,
39527, conf, Petro-Hunt, Burian 144-98-15B-22-2H,
39427, conf, Hunt, Blue Ridge 159-100-5-8H 3, 

RBN Energy: EOG's focus on organic growth stands out amid E&P consolidation wave. Archived.

While many larger E&Ps have been growing bigger through massive, headline-grabbing acquisitions, EOG Resources — by market cap, the second-largest non-integrated U.S. producer — has been expanding for a quarter century now by focusing on the stealthy exploration and development of new resource plays. The results of EOG’s long-standing strategy have been impressive, and include finding and development (F&D) costs that are significantly lower than its Oil-Weighted peer group and a higher-than-average reserve replacement rate. In today’s RBN blog, we analyze the scope and impact of EOG’s singular focus on organic growth instead of M&A. 

 A few weeks ago we discussed ConocoPhillips’s planned $22.5 billion purchase of Marathon Oil and noted that the big-money deals closing this year may well set an all-time record — surpassing an extraordinary 2023. Already in 2024, ExxonMobil closed (in May) on its $60 billion purchase of Pioneer Natural Resources, and a long list of other deals — Chevron’s planned $53.5 billion acquisition of Hess Corp., Occidental Petroleum’s $12 billion buyout of privately held CrownRock, Chesapeake Energy’s $11.5 billion purchase of fellow gas producer Southwestern Energy and Diamondback Energy’s planned $26 billion acquisition of Endeavor Energy Resources — are expected to close over the next few months.

Another Wild Ride Tomorrow? Good Luck To All -- July 9, 2024

Locator: 48084INV.

******************
What If? 

It's very possible -- even likely -- that this will all end badly, but let's just suppose, let's just suppose that "everyone" is missing the biggest tech story in the last twenty years --  

IYKYK.

This is not FOMO. This is not YOLO. This is IYKYK. 

The list is quite finite. 

I watch two hours of the best CNBC has to offer each day, and the prospects are "scary." In a good way.

  • 0800 - 0900 hours CDT
  • 1200 - 1300 hours CDT

The big "piece" I can't reconcile / conciliate: the energy requirements.

This is what I mean.

Above: five tickers.

What are/will be the five "energy" tickers that will "keep up" with the five tech tickers above.

TSM -- Barron's -- July 9, 2024

Locator: 48083TSM.

For investoing -- without question, the best thing I ever did was -- a subscription to Barron's.