Bidenonimcs In Two Charts -- September 30, 2024

Locator: 48444ECONOMY.

S&P 500, link here:

US S&P 5000 vs Shanghai Composite, link here:

More charts here.

And still more charts here.

And, the best recent set here.

Oasis With Four New Permits; Four DUCs Reported As Completed -- September 30, 2024

Locator: 48443B.

Tag: beer.

The history of pilsner: link here.

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

WTI: $68.36.

Active rigs: 38.

Four new permits, #41187 - #41190, inclusive:

• Operator: Oasis
• Field: Tioga (Williams)
• Comments:
• Oasis has permits for four Vernon wells, SWNW 34-157-95; to be sited 270 FWL and at the following distances FNL: 2193; 2226; 2292; and, 2325. Three of the wells will be the standard 1280-acre spacing unit; the fourth somewhat larger:
• sections 34 / 35-157-95 = 1280 acres
• section 5 = 640 acres
• W/2 W/2 (160) and W/2 E/2 W/2 (80) of section 4 = 240 acres (?)
• E/2 W/2 of section 6 = 160 acres
• total = 2,176 acres (?)

The map, for #41190:

Producing wells (DUCs) reported as completed:

• 40167, 3,828, MRO, Vondall USA 12-20TFH, McKenzie,
• 40250, 2,733, CLR, Benner 2-7HSL, Dunn,
• 40251, 1,957, CLR, Benner 3-7H, Dunn,
• 40257, 1,693, CLR, Chase 4-18H, Dunn,

Autos -- The Big Story This Year -- But Not For Good Reasons -- September 30, 2024

Locator: 48442EVS.

Tag: autos hurricane Helene port strikes silver

Silver: how big a deal is the Chinese stimulus? It's a big deal. Silver was already heading for historic highs, but now there's talk of an epic breakout for silver. Whoo-hoo!

Autos: CNBC had long interview with Mark Fields, former Ford president and CEO, on American autos --- Ford has / had the wrong answer .... maybe we'll come back to this. Hint: the Chinese are marketing a $10,000 EV.

On another note, back on September 26, 2023, Biden made history, walking with workers striking the automakers.

Now President Biden and VP Harris have a chance to walk the picket lines with those striking the East Coast and GoM ports.

The Europeans -- especially the European car makers -- are going to get crushed. Think Lego. Lego already has had a huge back-order problem due to shipping issues. Except for autos, Lego, and high-cost purses, I can't think of much coming from Europe that catches my attention. Had this been on the west coast ---

China, US west coast ports, UNP are going to do very, very well. 

This is the week to watch tickers -- one will quickly see which companies will be the winners and which will be the losers due to this strike at the ports. Me? Not worried. 

The bigger story? The devastation from Hurricane Helene from northwestern Florida through the Carolinas into Tennessee and even into Ohio. What an opportunity -- an responsibility -- for American "know-how" to get supplies into these devastated regions. Having said that, one analyst says the devastation was horrendous, but not as bad as Ian (September 28, 2022) two years ago.

Apple: The Wild-Spending Days Are Over -- September 30, 2024

Locator: 48441AAPL.

Tag: Apple.

And to think at one time, some analysts wanted Apple to acquire Disney. Ouch. And even more analysts have recommended selling AAPL. Cramer? Nope: he says "own" AAPL, don't trade it.

The market close today:

Ticker:

What's going on?

What else? It looks like the CEO and the CFO had a "come to Jesus meeting" with the wild-spending folks. That decade is over. Link here. Finally they get it.

Disney:

Disney vs Apple:

Vs NVDA last six months.

Hezbollah -- September 30, 2024

Locator: 48440MIDEAST.

Never quit reading.

The Atlantic, Hussein Ibish, September 30, 2024, analysis: link here.  

We've seen this movie before: the Greco-Persian wars, fifth and sixth centuries BCE. 

The Greco-Persian Wars, Peter Green, with a new introduction, c. 1996. A revised edition of Xerxes at Salamis, 1970. Notes here.

**************************
Russia: History

Link here. If I was a bit more interested, and had a bit more time for reading, this would be at the top of my list: Timothy Snyder on how the collapse of the Soviet Union took America by surprise. What freedom means in moments of economic and political transformation.