Locator: 49713B.
NY-ISO: $200 / MWh --
PJM: New Jersey -- red alert!
Monday, December 15, 2025
Random Look At Electricity Costs In The East And Northeast -- December 15, 2025
Magnets -- December 15, 2025
Locator: 49712B.
Magnets: link here. Minnesota-based, but not publicly traded.
Obamacare: the government doesn't even know the exact number, much less who, receive Obamacare "subsidies." It appears the law was written in a way that it would make it impossible to "quantify" to any degree. It simply becomes a meme: "... millions of Americans benefit from the program." From AI:
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Back to the Bakken
WTI: 456.82.
Active rigs:
Four new oil and gas permits, #42561 - #42564 (oil and gas)
Permits:
- 42561, conf, XTO, GBU Sophia Federal 44X-10A-N, Grinnell, 912 FSL 680 FEL, SESE 10-154-96;
- 42562, conf, XTO, GBU Sophia Federal 44X-10E-N, Grinnell, 912 FSL 650 FEL, SESE 10-154-96;
- 42561, conf, XTO, GBU Sophia Federal 44X-10B-N, Grinnell, 912 FSL 620 FEL, SESE 10-154-96;
- 42564, conf, XTO, GBU Sophia Federal 44X-10F-N, Grinnell, 912 FSL 590 FEL, SESE 10-154-96;
- 42565, conf, KODA Resources, Writing Rock, SWD;
Just Breaking -- WSJ -- Where Does One Even Begin? The Day The Music Died -- December 15, 2025
Locator: 49711FORD.
Updates
December 16, 2025: but Ford isn't giving up on EVs. Memo for record -- Ford will discontinue current Lightning F-150 (with poor towing capability and 300-mile range) to F-150 on steroids (towing capacity of a "locomotive" and a 700-mile range). Why don't we have this today?
December 16, 2025:
December 16, 2025:
December 16, 2025: Kentucky battery plant -- all 1,600 jobs cut. Link here.
Original Post
Lightning F-150: one of the best-selling EVs by many accounts prior to today. Will completely stop building the Lightning.
Appears to have been posted by The WSJ just after the market closed for the day.
Front page:
This is all AI had moments before the close:
This is all old news; all AI had at the close of business today:
But they still can't quit altogether. Note last paragraph in the lede from The WSJ today:
Ford said Monday it expects to take about $19.5 billion in charges, mainly tied to its electric-vehicle business, a massive hit as the automaker retrenches in the face of sinking EV demand. [Amazing how they round this to come in under $20 billion.]
The sum is among the largest impairments taken by a company and marks the U.S. auto industry’s biggest reckoning to date that it can’t realize its electric-vehicle ambitions anytime soon.
Ford, which has lost $13 billion on its EV business since 2023, said it would bolster its lineup of gas-powered vehicles while shifting to hybrid and so-called extended-range electric vehicles that include onboard gasoline engines. [Fake EVs.]
The goal is to pull back from loss-making assets and redeploy capital designated for EVs to models with higher profitability.
“Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,” Ford Chief Executive Jim Farley said in an interview. “We now know enough about the U.S. market where we have a lot more certainty in this second inning” of reduced-emissions powertrains, he said. ["... will never make money." Large EVs have large margins; small EVs have small margins.]
Regulatory changes and lackluster demand from Americans are forcing U.S. automakers to abandon plans to quickly step to an electric-vehicle future. Ford, which had bet big on EV, is now making one of the industry’s biggest changes to its business.
The company said it remains on track to produce a $30,000 EV pickup for sale by 2027, which the company says will be the first in a new string of low-cost EVs. “Now this is the core of our EV strategy in America,” Farley said. “We’ve got to land the plane.”
Ticker F today: mostly flat. Full year -- trading near its one-year high --
Lucid: lost another 6% today and for the year is down almost 60%. The back stop for this company: Saudi Arabia, the country (PIF)
Rivian: actually doing quite well for the year. The backstop for this company: Amazon, holds 13% of the stock. VW committed to using the technology. Saudi group invested.
Tesla: not unexpected in light of Ford's news. TSLA up $16, almost 4%.
Places I've Been -- December 15, 2025
Locator: 49710GM.
NFL: I didn't see this until now. I haven't followed the news, market, etc., all day.
But I was looking at the NFL standings in anticipation of tonight's game and I saw that the Dallas Cowboys "streak" was "two losses," which meant they lost last night. I did not watch the game; I assumed the Cowboys would win and there would be all that meaningless talk that the Cowboys "were still in it." They lost! Say what?! Against the Vikings who are dead last in their division, NFC North. Dallas, with a meaningless tie game, has a slightly better record than the Vikings but are second in their division, the NFC East, well behind the Eagles, but even the Eagles are only 9 - 7.
And comparing the top two teams in each division across the entire NFL, the NFC looks absolutely dreadful, they're all playing "to not lose," it seems. Meanwhile, the AFC leaders are playing to win and look awesome in comparison.
Of course in the AFC West, the Chiefs are completely out of contention. It's hard to believe that in the NFL of the eight teams that are in last place (one each division), most of them (6?) have won two games, maybe three. And the Colts almost beat the Seattle Seahawks. A highly so-so NFL season so far.
Next: this was a sort of meaningless, but fun, exercise -- found on my x feed today, link here:
I've been to nineteen though with regard to Miami, only the airport on my way to South America, so saying I've been in Miami doesn't really count. The other eighteen? Multiple times, and often for days, if not weeks. Many places I've lived, if not within city limits, close enough to say I've lived there or know it very, very well:
- New York City; one summer plus several other times;
- San Francisco; three years;
- Boston: two years;
- Los Angeles: four years;
- Dallas; and,
- San Antonio.
The multiple times I visited these cities other than where I lived had nothing to do with flying or my job. My job was pretty much all overseas with some exceptions. Even when residing stateside, I was often deployed overseas.
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GM, Mary Barra, And Apple
Reminder: GM is the only major auto manufacturer that has decided not to subscribe to either Apple AirPlay or Android's counterpart.
Today, it's being announced that GM is backtracking a bit on that.
Confirms everyone's suspicion that GM/Barra are doing this mainly to track vehicle usage by owner. Sort of like Boeing tracking their aircraft and the black boxes. Trial lawyers following accidents involving GM vehicles could have a field day with that data.
PSA: Total Energies -- Mandatory Exchange -- December 15, 2025
Locator: 49709PSA_TTE.
Again, AI really, really made it easy to find out what was going on. This saved a phone call to my broker. This is another way AI is making life easier for all of us and helping companies save money:
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