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Market
Mid-day trading, new NYSE 52-week highs, 145, including:
- GE
- Murphy USA
- 3M
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Wednesday's Energy Tweets
US gasoline consumption averaged 9.7 million bopd over last four weeks; up 126,000 bopd compared to one year ago, 2015.
US gasoline stockpiles -- even adjusted for higher demand now -- peak summer driving -- at highest for over ten years (24.8 days vs average of 23.4 days).
US gasoline stocks now almost 25 million bbls (+11%) higher than at same point last year; and y-o-y the surplus is still growing.
US midwest gasoline stocks rose 1.3 million bbls; Gulf Coast stocks fell 0.4 million bbls last week; US east coast stocks unchanged.
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GDP: Greece vs Turkey vs Saudi Arabia
I posted this for obvious reasons. Now I see that this is a headline story over at Fox News: will the purge send Turkey to a grinding halt? In one word, yes. But worse, Turkey will "go into reverse."
Greece: $242 billion (2013)
Turkey: $822 billion (2013)
Saudi Arabia: $748 billion (2013)
Turkey GDP history:
Saudi Arabia GDP history:
Compare with US at almost $18 trillion, and the US hasn't had a "negative" year since 2009.
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GOP Convention
Fox News numbers down.
Clinton News Network and MicrosoftNBC draw in the viewers.
It will be interesting to see the Democratic Convention numbers. My hunch: television viewership will be huge once the riots start. Inside or outside.
You may want to get your pizza delivery orders in now. An analyst has upgraded Papa John's because growing civil unrest means more pizza deliveries. My hunch is that Papa John could set pizza delivery records during the Democratic convention, second only to deliveries during the Super Bowl games.
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