Locator: 49044NFL.
Vikings: 27.
Bears: 24.
Monday, September 8, 2025
NextDecade Completes Commercialization of Rio Grande LNG Train 5 -- September 8, 2025
Locator: 49043LNG.
Tag: Ben Franklin, US revolutionary war.
NextDecade completes the commercialization of Rio Grande LNG Train 5 with 1.0 MTPA LNG sale and purchase agreement with ConocoPhillips.
Train 5 commercialization is now complete, positive final investment decision expected in fourth quarter 2025.
NextDecade Corporation announced today that it has executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with ConocoPhillips for offtake from Rio Grande LNG Train 5.
ConocoPhillips will purchase 1.0 MTPA of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, subject to NextDecade making a positive final investment decision (FID) on Train 5.
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The Book Page
Wow, wow, wow!
Link to The Wall Street Journal.
This is a very, very long article and dovetails wiht many biographies of Ben Franklin of which I have read. This is truly spectacular.
Daily Activity Report -- September 8, 2025
Locator: 49042B.
Today's factoid:
Texas's nominal GDP was approximately $2.7 trillion in 2024, making it the eighth-largest economy in the world. This figure places Texas ahead of countries like Russia and Canada and represents more than 9% of the total U.S. GDP. GDP of:
- California: $4.1 trillion
- Italy: $2.373 trillion
- Canada: $2.241 trillion
- Russia: $2.174 trillion
- Mexico: $1.853 trillion
- Spain: $1.723 trillion
- Egypt: $389 billion
NASDAQ: closed at a record high today.
Dow: 0.6% from a new record high. Needs to be fact-checked.
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Back to the Bakken
WTI:
Active rigs: 33.
Four new permits, #42281 - #42284, inclusive:
- Operator: Formentera Operations
- Field: Noonan, Divide County
- Comments:
- Formetera Operations has permits for four Fonda wells, NENW 23-162-95 and NWNE 23-162-95;
- to be sited 372 FNL and 2565 / 2611 FWL
Two permits renewed:
- MRO: Shell USA (#38472) and Elva USA (#38474), McGregroy Buttes, Dunn County.
AI -- It's All Hype -- September 8, 2025
Locator: 49041AI.
Updates
Later, 8:12 p.m. CT: so, if you are among those who say it's all hype, are you 100% in cash tonight?
Later, 8:11 p.m. CT: link here.
Original Post
While 20-something journalists and old-school analysts are telling us that AI is all hype and will crash any day now, the folks that have skin in the game, will see this stock jump 60% overnight:
Yeah, it's AI.
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Cloud AI vs Edge AI
I just spent a bit of time working with ChatGPT to learn more about "cloud AI" vs "edge AI" -- it will make Tim Cook's presentation much more interesting tomorrow. If one is interested, simply ask ChatGPT the difference between "cloud AI" and "edge AI"; the advantages / disadvantages of each; and, hos "edge AI" plays into Apple's business model.
ChatGPT offered to describe / translate in "real time" what Tim Cook says during the presentation. I honestly don't think folks realize that AI is going to do for them in the big picture. The kids in elementary school today are going to have a completely different curriculum than the ones their parents and grandparents had. Their teachers are going to be "pressed to the limit" to keep with the new generation. Ironically, this may be the "beta-generation." LOL. Following the current "alpha generation."
The Beta generation: still in testing. LOL.
- Gen alpha: 2013 - 2025
- Gen Beta: 2025 - late 2030s
- Gen Gamma: 2040 - 2050s
Let's say the most important ages, the coming of year ages, are ages 15 to 35, then in 2020, those 15-year-olds in 2020 were born in 2005 and those 35-year-olds in 2020 were born in 1985. With that in mind, I would argue that the "Covid generation" were born between 1985 and 2005.
Sophia was born in 2013. Olivia was born in 2007 and Arianna was born in 2004.
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Stocks Doing Badly
Fast casual restaurants. Real badly.
Check out "Sweetgreen" over the past year.
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Refrigerated Dog Food
On the streaming networks that I watch, the early morning hours and the late afternoon/early evening hours are dominated by refrigerated dog food. There are a lot of things that bother me in life. One of the most nauseating visuals for me: refrigerated dog food. We might talk about that later. And it has nothing to do with pet food or refrigerators or even storing pet food in refrigerators alongside human food.
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Monday Night Football Tonight
Chicago Bears at Minnesota Vikings.
But now it's Cramer for a few minutes before taking Sophia to Jiu-Jitsu. She won a gold medal over the weekend at the martial arts tournament in Dallas -- whoo-hoo! I can't wait to hear what her coach has to say!
How "big" is the NFL? It's hard to believe but The New York Times will be tracking the pre-game and the game in "real time."
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The Book Page
Of all the books I've read over the years, one of my favorite books is A History of Pi, Petr Beckmann, c. 1971.
About That Powerball Lottery -- Taxes -- A Good Time To Be A Citizen Of Texas -- September 8, 2025
Locator: 49040TAXES.
There's a CNBC article out there discussing the taxes on the Powerball lottery winnings. Unless the writer has information the rest of us don't have, the article may or may not be accurate.
What if the winner is a non-US citizen who just happened to be visiting the US at the time as a tourist?
Some countries whose citizens are exempt from US tax on gambling winnings include (most of Europe):- Austria
- Belgium
- Czech Republic
- Finland
- France
- Germany
- Ireland
- Japan
- Latvia
- Lithuania
- Luxembourg
- Netherlands
- Slovak Republic
- Slovenia
- South Africa
- Spain
- Sweden
- Tunisia
- Turkey
- Ukraine
- United Kingdom
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