Ready To Launch Five Missiles Is The Rumor; SecState Kerry Says US Intel Reports Bogus; Not To Worry; They Had Nukes When He Was A Congressman; As SecState, Not So Much

Updates

April 12, 2013: Kerry called Mr Reagan's missile defense a "cancer on our nation's defense system (whatever that means)." My hunch is that Kerry will not remind us that the world that is safe (or at least safer from tyrants like North Korea's Kim Jong Un) because of Ronald Reagan. Imagine what the world would be like if Kerry had been elected president. The good news is that Kerry knows the US intel report is completely wrong about Korea's nuclear capabilities. Imagine what the world would be like if Kerry had been elected president. But I repeat myself. What a bozo.

Original Post

I assume North Korean's Kim family might be listening to this tonight:

Enola Gay, Hillbilly Moon Explosion

Just for the record.....

On April 8, 2013, I posted a story that the days of wind energy were over. "Wind," in that context, of course, was a catch-all term for renewable energy to include solar energy. Be that as it may. In that article I used the idiom "nails in a coffin."

It was with some amusement, then, that tonight I stumbled across a Motley Fool renewable energy article in which they used the same idiom:

Formerly the biggest maker of solar panels in the world, with more than 10,000 employees, China-based Suntech Power Holdings has witnessed a long fall from grace. The nail in the coffin came in March, when the company failed to pay a $513 million debt obligation. Shortly following its default, the company sailed into Chinese bankruptcy protection. Fast-forward to this week and the company is trading more than 30% higher on a largely speculative rumor that Warren Buffett is looking to buy it.

There is another reason for a bit of amusement. Just about the time STP was hitting all-time lows (?) a few days ago, Don suggested I invest in STP (I have no idea whether he did). I did not know whether he was serious or joking; suffice to say, I did not invest in STP.

What makes me think that Don invested in STP? The foremost contrarian. In December, 2007, STP hit a high of $85. This past week, one could have bought a share for about 85 cents.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read at this blog or think you read at this blog.

Only One Well Came Off The Confidential List Today

Active rigs: 187

23417, 447, Hess, EN-Hegland 155-94-0508H-3, Manitou, t2/13; cum 17K 2/13;

Rail Car Loadings -- Genesee & Whoming's Carloads Increased !00% Over One Year Ago

From Yahoo!In-Play early this morning:

6:31AM Genesee & Wyoming's traffic in March 2013 was 154,077 carloads, an increase of 77,031 carloads, or 100.0%, compared to co's traffic in March 2012 : Co reported traffic volumes for March 2013 and the first quarter of 2013. G&W's traffic in March 2013 was 154,077 carloads, an increase of 77,031 carloads, or 100.0%, compared to G&W's traffic in March 2012, and an increase of 5,198 carloads, or 3.5%, compared to total March 2012 carloads pro forma for the RA acquisition. G&W's traffic in the first quarter of 2013 was 450,304 carloads, an increase of 228,126 carloads, or 102.7%, compared to G&W's traffic in the first quarter of 2012, and an increase of 19,387 carloads, or 4.5%, compared to total first quarter of 2012 pro forma for the RA acquisition.

From Yahoo!In-Play late this afternoon:

5:42PM HollyFrontier and Holly Energy Partners (HEP) announce New Mexico crude oil rail project: Co and Holly Energy Partners, L.P. (HEP) announced that the companies are collaborating to construct a rail facility that will enable crude oil loading and unloading near HollyFrontier's Artesia and/or Lovington, New Mexico refining facilities. The rail project, which will be connected to Holly Energy's crude oil pipeline transportation system in southeastern New Mexico, will have an initial capacity of up to 70,000 barrels per day and will enable access to a variety of crude oil types including West Texas Intermediate (WTI), West Texas Sour (WTS) and Western Canadian Select (WCS). The project will provide both additional crude oil takeaway options for producers as crude production in the region continues to grow, and an expanded set of crude oil sourcing options for HollyFrontier. Project completion is expected by early 2014.

 The modern crude-by-rail phenomenon began a few miles southwest of Williston. At least that's my myth.

Miscellaneous Links

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read at the blog or think you read at the blog.

Zacks upgrades Helmerich & Payne to buy.

Three reasons to buy SandRidge -- Motley Fool. 

Schlumberger will pop to $88 when earnings reported -- Forbes.