I'll be gone all day today. No more blogging until later this evening.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.
Some shipowners plan to comply with the IMO 2020 deadlines for limiting
sulfur in ship emissions by installing scrubber devices to clean the
exhaust generated by burning less expensive high-sulfur bunker fuel. For
many, this may work out to be more economical, at least in the interim,
than using more costly IMO 2020-compliant fuel with sulfur content of
no more than 0.5% or converting the vessel to run on an altogether
different fuel such as liquefied natural gas. However, narrowing “sulfur
spreads” this year have put that compliance strategy at risk by
tripling the time it would take for shipowners to recoup their scrubber
investments. Today, we continue an analysis of the changing economics of
scrubber installation in the run-up to IMO 2020.
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.
