First things first:
Oil prices, 8:23 p.m. CT, March 7, 2021:
- WTI: up 2.72%; up $1.80; trading at $67.89;
- Brent: up 2.75%; up $1.91; trading at $71.34
- OPEC basket: laggard -- up a measly 0.29%; up 18 cents; trading at $62.15
US shale companies: whoo-hoo!
So, Biden:
- kills the Keystone XL;
- revokes drilling permits on federal land;
- slows the permit approval process across the board;
- appoints IntSec who wants the DAPL shut down;
And we're blaming the Saudis and Russians for the high price of oil since Trump left office?
LOL.
Someone is watching a different movie.
Sturgis redux:
Nevada: most recent state to relax restrictions. Productions may return to Las Vegas.
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Headlines From WSJ Tonight
Headlines:
- calls grow for Governor Cuomo to resign;
- Manhattan landlords take apartments off market during rental slump;
- for first time 2005, the US is expected to make a bigger contribution to global economic growth then China;
- fund managers brace for Europe's new anti-greenwashing rules;
- chip shortage strains heavy-duty truck makers; link here;
- why Elizabeth Warren's wealth tax could be good for investors;
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