Friday, August 27, 2021

Week 34: August 22, 2021 -- August 28, 2021

Top story of the week:

  • Joe Biden is still residing in the White House.

Top international non-energy stories:

  • Afghanistan evacuation.
    • First US military casualties since February, 2020: thirteen reported.
  • Covid-19: natural immunity way better than vaccine-immunity;

Top international energy stories:

Top national non-energy story:

  • US equity markets keeping hitting new all-time highs; Jay Powell remains as dovish as ever

Top national energy stories:

Top North Dakota non-energy story:

Top North Dakota energy story:

Geoff Simon's top North Dakota energy stories:

Stories we never got back to:

Deals:

Operators:

Operations:

Wells:

Fracking:

Pipelines:

The Bakken geology:

Bakken economy:

Commentaries:

Notes From All Over -- Part 2 -- August 27, 2021

Hurricane Ida: looking like a Category 4 by landfall. Get out the popcorn. Why do these hurricanes always hit on the weekends?

Natural gas: European natural gas prices set a fresh all-time high. UK NBP benchmark has surged today greater than 121 pence per them. Retail natural gas prices sset for further increases later this year. Link here. 

North Dakota water project: a federal judge has rejected a lawsuit by the state of Missouri seeking to stop a project that would supply Missouri River water to parts of central North Dakota. Why would Missouri care? Link here. 

US markets:
S&P 500 climbs 0.9% -- setting record as it closes above 4,500 for first time. Whoo-hoo.

The Afghan graphics, link here.

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The Perry Mason Page

I'm wondering if it might be fun to start a Perry Mason page in which I name "one thing" about each episode that caught my attention?

I will start with Season 2 Episode 7: The Case of the Married Moonlighter, 1958: the jazz musical score. Very avant garde!

Well, That Settles That -- Covid-19 Not Biowarfare -- August 27, 2021

Link here. 

Notes From All Over -- Part 2 -- August 27, 2021

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

Market: I didn't listen to or read Jay Powell's comments out of Jackson Hole, and I did not listen to the analysts and/or talking heads but the market reaction tells me everything I need to know.

Market:

  • NASDAQ: up 160 points; another intra-day all-time high.
  • S&P 500: another intra-day all-time high; up 35 points
  • Dow: up 212 points
  • ten-year treasury yield, down: 1.314%
  • Bitcoin: up over 1,200 points but still not above 50,000
  • WTI: up 2.12%; up $1.41; trading at $68.84 (may be short-lived; due to weaker dollar; hurricanes)
  • DXY: down, at 92.90

OXY: up 75 today. Whoo-hoo!

Economy: we are early in this phase of the economic expansion

  • remember, 2020: the year of the plague;
  • 2021: break-out .... delayed -- head-fake, but a good head-fake;
  • 2022: the real break-out

Talking head:

  • Helmerich and Payne: ready to explode (on Wall Street, not in the oil patch)

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

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Rears And Vices
Ja
yne Austen's Mansfield Park

Link here. 

Critics have written eloquently on Austen’s treatment of sex and sexuality, most notably Jillian Heydt-Stevenson and Jan Fergus. Disagreements abound, but one crucial line from Mansfield Park tends to get critics the most hot and bothered. The line is Mary Crawford’s, spoken in Chapter 6, in the hearing of many. It’s especially troubling to her suitor, Edmund Bertram.

Edmund, knowing that Mary formerly lived with her admiral uncle, asks about her knowledge of the British Navy. Mary answers him with jocularity, “Certainly, my home at my uncle’s brought me acquainted with a circle of admirals. Of Rears and Vices I saw enough. Now do not be suspecting me of a pun, I entreat.” Her attempt at wit isn’t met with laughter; we’re told that Edmund “felt grave” after she spoke.

There’s no doubt that she’s making fun of powerful naval men here. She’s already said that in her uncle’s home, she socialized only with highest-ranking of them. It’s clear by this point in the text that she’s willing to pillory these men for their faults. Just prior to this line, she describes them as invariably bickering and jealous.

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The Book Page

Guide to Greek accents.

Notes From All Over -- Part 1 -- August 27, 2021

Battery recall: Hoverboard battery packs sold at Walmart, Target, and Amazon recalled over fire hazard. How long have "we" been working on batteries, and they are still catching fire. Link at Fox Business. Razor issues a recall for 237,000 lithium-ion GLW battery packs.

Bitcoin: we're getting closer and closer to the tipping point. Link at Fox Business. Second largest US mortgage lender accepting Bitcoin. United Wholesale Mortgage  now accepting Bitcoin. 

Covid-19: it's now being reported that natural immunity is so much better than vaccine-immunity. This is coming out of the Israeli data. Natural immunity is 13x more effective than current vaccinations. Exactly what everyone suspected back in March, 2020, when the plan was simply to flatten the curve, until Governor Cuomo moved the uprights, saying that he would not allow one Covid-19 death under his watch.