Afternoon, everyone.
Tom, I hope everything is OK up there. There is some really nasty weather moving through PA right now.
Thanks, Rex. Indeed, one of the problems with getting older is that all your friends and family do it with you. It was weird that all three of these people who died were younger than me. Makes me feel like the Grim Reaper is a little closer.
Steve, did anyone figure out where that porker came from? Is it a wild or domesticated pig? Seems like a thing someone would miss if they owned it.
Ray, glad to see you were able to convince your son to let you redo all the wiring on his trailer. I thought you were supposed to be the one retired.
Chris, those guys over at your Fox station need to stop smoking that wacky weed. Having worked in the electric utility industry in the generation and transmission side of the house, I know that there's no way that anyone could "hack" into our SCADA systems and shutdown anything. Most of them have only local connections to microwave networks and you'd need to have some way to hack into encrypted microwave signals from China. Just can't be done. Some guy in the power control center hit a couple of buttons in the wrong sequence and the system shut down to protect itself. That's built into the system. The human error factor is the cause of 99% of these kind of massive blackouts.
CJ, I'm glad you're doing at least mostly OK. You're right about the food thing and I forgot having to go over to the house and delivering it. That's another hour shot for visiting. Still, it's nice to have a people who actually care about you, compared to California, where they'd step right over your dead body on the sidewalk.
I've been a commodities investor since the early 70's. Mostly gold and silver but some oil and natural gas too. There are always attempts to manipulate the commodities market because it's poorly regulated and everyone in it has kind of a wild west mentality. In the long run, though, commodity prices always fall (or rise) to a fair market value. The Hunt brothers and silver in the late 70's is actually a good illustration of this. They almost succeeded in cornering the silver market in the late 70's...almost. That 10% they didn't control started to sell out from underneath them when the prices had run up enough. That triggered massive margin calls as the price started to drop and the Hunts had liquidate most of their silver holdings in an attempt to stay afloat. It didn't work in the end and the were left bankrupt and silver went from a high of $50 an ounce on January 17, 1980 to $15 an ounce three months later. Markets that have advanced on a parabolic curve, like oil has done in the past year, will always reach a peak and then collapse. I'm not smart enough to predict when the price of oil will collapse but it will. The fair price of oil including extraction, transportation, profit, and overhead, is about $65 a barrel. The further oil moves away from that price, the closer it is to a collapse as speculators take their profits and long contract holders get killed by margin calls.
Anyway, the weather here has turned from miserable to unbearable. Had a high of 100 today with a heat index of 105. The low was only 73 so the A/C has a hard time keeping up with the demand. No rain in sight and it looks like we'll be stuck in this pattern for at least another five days with only the outside chance of a thunderstorm. We're going to a Montgomery Biscuits ball game tonight and all I can hope is that we're at least in the shade.