The Million Dollar Way (The Bakken Oil Blog)

Wednesday, December 4, 2024

Magazine Subscriptions -- December 4, 2024

Locator: 44493ARCHIVES.

I will be letting my subscriptions to The New York Review of Books, The New Yorker, and The Atlantic lapse. I won't be renewing my subscriptions. It gets tedious reading about "how bad" Trump is and "how bad" his second administration is going to be. I enjoy good writing and I really, really enjoy the non-political articles in these various publications but they magazine have pretty much all become the same thing. Anti-Trump.

Political talk shows: wow, I really enjoyed watching the talk shows right after the election but now they've become tedious. I'm done. Wow, they're tedious ... and depressing.

Great screenshot from today:

Interestingly enough, BRK-A / BRK-B is not in the screenshot above.

Biden is still in Africa. I had absolutely forgotten that until watching Jesse Watters. His doctor-wife did not go with him. Wow, his party really, really dislikes the guy. Being reported everywhere, not just by Jesse Watters. Kamala is missing in action. Who's running the country.

The Sixth Industrial Revolution -- The AI Revolution -- Meta Announces A $10-Billion LDC In Louisiana -- It Will Be Meta's Largest Data Center Ever In Louisiana -- December 4, 2024

Locator: 44492IR.

Tag: Meta NE-ISO ISO-NE Do-Re-Mi

From Dan Tsubouchi:

Original Post

Link here.

The LDC:

location: near Monroe, LA, in Richland Parish' Holly Ridge (link here)
first of its kind for the state (link here)
$10 billion
4 million square feet

to wrap your head around that, 4 million square feet is 40 times -- repeat, 40 times -- the Walmart "store" in your neighborhood (or your town)

will be powered by three new natural gas plants with 2.2 gigawatts of combined capacity

Meta to partner with Entergy to provide this power
the entire ISO-NE has a combined capacity of 35 GW
enough energy to power one million homes
will also provide power to the surrounding community

Now for the hyperbole:

“Entergy raised its earnings growth outlook substantially (solely because of this 1 new customer) and the stock rose 15% on that day,” wrote Rodney Rebello, an analyst covering power stocks at Reaves Asset Management, in an email to Barron’s. “It’s a monumental deal for the sector.”
Meta says the Louisiana data center will be significantly larger than Meta's other data center campuses.

Size of data centers:

ISO-NE:

Dow Hits 45,000 For First Time Ever -- December 4, 2024

Locator: 44491B.

DOW 45000

Link here.

Simply insane, at the close:

LNG: google "sre total return last five years" vs "lng total return last five year." Answer: 68%; 270%.

Car sales, link here.

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Back to the Bakken

WTI: $68.68. Significant decline from the morning's opening. Possibly related to headline that Trump's policies will drop WTI to well below $60. One wonders what that would do to the price of LNG / natural gas.

Active rigs: 35.

Four new permits, #41392 - #41395, inclusive: