Disclaimer: this is not an investment site. Do not make any
investment, financial, job, travel, or relationship decision based on
anything you read here or think you may have read here.
WTI, futures: $60.35.
Look at this headline over at oilprice: as onshore drilling costs soar in the Permian and other popular shale patches, Big Oil is looking offshore for solutions. Click bait. No doubt. I saw the headline. Did not click on the story. Shale: short-cycle. Off-shore: years and years of effort. Huge CAPEX. So we will see where this goes. I'm not aware that costs are soaring in the Bakken.
March Madness. So, now #3 Texas Tech takes on #2 Michigan State next week in the semi-finals. Auburn will take on Virginia. My money (if I bet, and I don't) is on this outcome : Michigan State vs Virginia in the finals, with Virginia taking the championship, though I would like my sentimental favorite Auburn to take it all.
Disclaimer: this is not an investment site. Do not make any
investment, financial, job, travel, or relationship decision based on
anything you read here or think you may have read here.
The market, futures:
CNN: Dow up 120 points -- Alaska Air Group down over 3%
CNBC: Dow up 118 points -- Harris-O'Rourke ticket has the best chance against Trump.
Cramer: use your "mad money" to buy equities now
I spent much of the afternoon in a Japanese bookstore near Plano, TX, north of Dallas -- a most fascinating afternoon. We try to visit the bookstore at least every two weeks.
Light rail: another fail. Albuquerque, NM. From The Wall Street Journal. Advocates force businesses along historic Route 66 to suffer while they indulge their transit fantasies. And this story plays out every day across the US.
Coal: the more I read, the more I "know" coal will be the story in 2030. I won't be around to see it.
TCM: where the boys are. The movie released, 1960. The birth control pill first approved for use in the United States in 1960.
The title song "Where the Boys Are" was sung by Connie Francis, who also co-starred in a supporting role. The film was aimed at the teen market, and it inspired many American college students to head to Fort Lauderdale for their annual spring break.
Where the Boys Are was one of the first teen films to explore adolescent sexuality and the changing sexual morals and attitudes among American college youth. It won Laurel awards for Best Comedy of the Year and Best Comedy Actress (Paula Prentiss).
Where The Boys Are, Connie Francis
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Beef
In case you were wondering, of if you need something for that cocktail party later this week: Japan's "top three" wagyu brands — Matsusaka Ushi, Kobe Beef, and Ohmi (Omi) beef — all hail from the Kansai region of Japan.
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Magazine B
Annual 10-issue subscription, $140, with postage additional. Link here.
Individual copies available on Amazon for $25. "Portland" was issue number 58. Most current issue, "Hay," #72, unless you count #50, "Seoul (version 2)." Hay:
Founded in 2002 by Rolf and Mette Hay in Copenhagen, Denmark, Hay is a home and lifestyle brand offering a wide selection of essential products from home and office furniture to accessories such as mirrors, hangers, and glassware.
Firmly rooted in their design philosophy, Hay has collaborated with emerging designers and brands to expand their scope, infusing the latest technology into traditional Danish aesthetics. Hay’s design, pricing, and retail strategies have proven to be deliberate in advocating a unique Danish style suited for contemporary living.
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Gullible
When one spends any time in a Japanese bookstore, one is reminded that Algore et al is asking the rest of us to reduce our "carbon" footprint, to live without, to aspire to less while the elites are doing just the opposite.
The week has hardly begun and already too much to report.
First, "The Day The Dinosaurs Died: A young paleontologist may have discovered a record of the most significant event in the history of life on Earth." From The New Yorker. I posted this story from another source earlier this week (month?). Archived.
Three great sports events today:
Kisner won the golf tournament; Tiger Woods went home yesterday, Saturday.
Hamlin won the NASCAR race. Kyle Busch would have won but ran into unexpected / unknown problems with less than 50 (?) laps left to go.
March Madness: Auburn (5) moves on, beating #2, Kentucky. Duke (1) now in a close one with Michigan State. Duke is lucky to have gotten this far; should have lost either of two earlier games. If Duke pulls this one, they deserve to win the national championship. [Duke lost.]
Futures: look good. Not good. Great!!!! This is the perfect market.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decision based on anything you read here or think you may have read here.
Vacation: looking to spend time at Flathead Lake in June (2019).
Coal: the more I read, the more I "know" that coal will be the story in 2030. Period. Dot. No matter what anyone else says.
Back to the dinosaur story. I will have to see what's new. I thought the story was already well known. From the story:
66 million years ago
an asteroid hits the Yucatán peninsula
the Cretaceous period ends and the Paleogene period begins
Los Alamos National Laboratory; Q Machine -- one of the world's most powerful computers: modeled the impact
energy released: a billion Hiroshima bombs
blobs of glass, tektites, blanketed the Western Hemisphere
as the earth rotated, the airborne material fell; set fire to the entire Indian subcontinent
fires eventually consumed about 70% of the world's forest
giant tsunamis
the damage had only begun
not all details known, but it is know that the soot prevented all sunlight from reaching the plane'ts surface for months
photosynthesis all but stopped, killing most plants
oxygen in the atmosphere plummeted
after the fires died down, Earth plunged into a period of cold, perhaps even a deep freeze
Earth's two essential food chains, in the sea and on land, collapse
75% of all species went extinct
more than 99.9999% of all living organisms on Earth died; the carbon cycle came to a halt
KT boundary: marks the dividing line between the Kretaceous and the Tertiary period )the Teritary has been redefined as the Paleogene)
And finally here's the mystery:
One of the central mysteries of paleontology is the so-called
“three-metre problem.” In a century and a half of assiduous searching,
almost no dinosaur remains have been found in the layers three metres,
or about nine feet, below the KT boundary, a depth representing many
thousands of years. Consequently, numerous paleontologists have argued
that the dinosaurs were on the way to extinction long before the
asteroid struck, owing perhaps to the volcanic eruptions and climate
change. Other scientists have countered that the three-metre problem
merely reflects how hard it is to find fossils. Sooner or later, they’ve
contended, a scientist will discover dinosaurs much closer to the
moment of destruction.
The EOG Riverview wells in Clarks Creek have been on the conf list "forever. The wells are tracked here.
Now, two great, older Riverview wells, have come off-line which usually suggests something going on in the area. Flooding? The two wells taken off line; note -- they are nice wells, producing over 1500 bbls/month and producing since 2012:
22200, 528, EOG, Riverview4-3031H, Clarks Creek, t7/12; cum 459K 2/19;
22199, 1,088, EOG, Riverview 100-3031H, Clarks Creek, t6/12; cum 480K 2/19;
Production data for selected wells coming off confidential list this next week. Full list is posted here. Very few wells coming off the
confidential list this next week are reporting any production. In
general, no initial production suggests a DUC.
34999, conf, Lime Rock Resources, Jaeger State 2-34-26H-144-97L, Cabernet,
