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#TrumpJobs

This Post Began On T+28
Talk Radio / Talk TV Focused on Russia?
Mainstream America Focused On Jobs

June 5, 2018: This has never happened before in the history of the US. It has now happened twice in 2018: job openings (6.7 million) exceeds workers (6.4 million).


June 3, 2018: Walmart, Costco, and Target are all raising starting wages to nearly $15/hour, citing, specifically, Trump's tax cuts.

June 2, 2018:



March 9, 2018:


Cheniere: okays third LNG train at Corpus Christi due directly to Trump's decision to work more energy deals with China, May 23, 2018.

Louisiana: world's largest alpha olefin plant to come on-line later this year, March 5, 2018.

Wow: percent of S&P 500 firms beating sales estimates highest in over a decade, February 27, 2018.

Massachusetts utilities: ordered to lower rates after Trump's tax cut.

Hostess: $1.250 bonuses; and free snacks under Trump. Under Obama, Hostess Brands declared bankruptcy. 

Lowe's: bonuses of up to $1,000 to some employees; expands benefits; specifically cites the Trump tax reform bill. February 1, 2018.

ATT: With tax reform, AT&T plans to increase U.S. capital spending $1 billion and provide $1,000 special bonus to more than 200,000 U.S. employees. January 30, 2018.

Pfizer announces that it will increase CAPEX manufacturing by $5 billion in the US, specifically citing the new tax law. The drugmaker will pay a tax of $15 billion on overseas profits over the next eight years. It's too bad we don't have a fair and balanced mainstream media to really talk about all these investments in a fair and balanced manner. January 30, 2018.

Exxon: to spend $50 billion in US over next five years. Cites tax bill; huge bonuses reported by glassdoor. January 29, 2018.

FedEx: increased compensation to hourly employees; performance-basedincentive plans for salaried employees. Company cited Trump's tax cuts to make this possible. January 26,2018.

Home Depot: add another company to the list -- $1,000 bonus to each employee.

Discover: raised minimum wage to $15.25 for virtually all employees; and, a $1,000 bonus to 15,000 non-salaried employees.

Solar cells; washing machines: Trump issues executive order placing 20% to 50% tariffs on washing machines; tariffs on solar cells. January 23, 2018.

Disney: to give 125,000 employees $1,000. January 23, 2018.

Verizon Verizon employees (other than top management) will receive 50 shares of restricted stock, the price of which will be set on February 1, 2018. January 23, 2018.

Waste Management: to give each employee a bonus of $2,000. January 13, 2018.

Fiat Chrysler: now we get this, just reported on CNBC -- will add a heavy truck manufacturing plant in Michigan; will move a Ram Heavy Duty truck manufacturing plant from Mexico to Michigan; $2,000 to every employee; will invest more than $1 billion in Michigan plant; will add 2,500 new jobs in Michigan -- all because of the Trump tax bill. NAFTA? Dead. January 11, 2018.

Walmart cites huge tax bill to increase hourly wages; one-time bonuses; better maternity/paternity leave. January 11, 2018

Toyota, Mazda to build $1.6 billion auto plant in Alabama. January 10, 2018.

US natural gas production to set all-time records. January 10, 2018.

Incredible jobs report: December 8, 2017. Many, many records set.

Great jobs report. November 2, 2017.

Japanese EV supplier, Denso Corp: Maryville, TN; $1 billion plant; create 1,000 jobs. October 6, 2017.

Amazon: looking for American site for "second" headquarters; will employ 50,000. Announced some weeks ago; posted September 28, 2017.

GDP: most recent estimate of 2Q17 GDP at 3.1, better than the 3.0 forecast. September 28, 2017.

Daimler: to invest $1 billion in its Tuscaloosa, AL, plant to build plug-in EVs to compete directly with Tesla's Model X. Will also build batteries. September 21, 2017.

Haribo, the Germany gummi candy manufacturer: says it will open a factory in Wisconsin down the road; August 8, 2017. Source: CNBC

Toyota, Mazda: joint venture announced; $1.6 billion; 4,000 employees; new US automotive assemble plant; by 2021; production, 300,000 vehicles annually; August 3, 2017

Apple, Foxconn will build in Wisconsin, 13,000 jobs initially. July 26, 2017.

LyondellBasel: largest petrochemical plant of its kind to be built near Houston; 2,500 construction jobs; $2.4 billion

Boom (link here):
Making America Great Again: Trump's first quarter (1Q17) -- boom --
  • mining: +22%
  • construction: +6%
  • manufacturing: +5%
  • finance, insurance: - 2%
At T+173, Trump has turned the economy around. Link here.

Trump's energy policy: truly, all of the above

Trump rally: consumer sentiment index hits 10-year record after Trump elected president; consumer sentiment index hit relative lows during Obama's presidency. Trump rally: the market has its best first half since 2013

Petrochemicals - plastics, staggering: story here. June 25, 2017.

BWM: announces huge investment ($600 million) in SUV plant in Spartanburg, SC; will add 1,000 more high-paying jobs.

Trump's visit to Saudi Arabia: historical in terms of deals being discussed

Saudi Arabia: will announce a $40 billion infrastructure investment in the US as early as this week; posted May 13, 2017.

Infosys: huge story. Indian company known for outsourcing lower cost engineers to US, now plans to open a 2,000-employee tech center in central Indiana, with another 8,000 jobs for American IT workers in other locations across the country in coming years.

VW: building a new SUV at its Chattanooga, TN, plant; also, at the same link, Dodge has just built the world's fastest street-legal production model muscle car.

Toyota: to invest $1.3 billion in Kentucky Camry plant. This should go a long way in helping a state hit hard by the war on coal. 

Samsung, LG Electronics: both to make huge investment expansions in US; directly related to Trump election.

ExxonMobil: from White House press release --  President Donald J. Trump today congratulated Exxon Mobil Corporation on its ambitious $20 billion investment program that is creating more than 45,000 construction and manufacturing jobs in the United States Gulf Coast region.

Play-Doh: after 16 years of being made outside the US, Hasbro announces that Play-Doh manufacturing will return to the US this year. February, 27, 2017.

Existing home sales: 10-year high

Accenture: Accenture announces plan to bring in 15,000 more US jobs. February 17, 2017. 

Boeing 787 Dreamliner, photo op: Trump to attend roll-out of the Boeing 787 Dreamliner later this week, February 14, 2017.

Bayou Bridge Pipeline, 4,000+ jobs; almost a billion dollars in new economic activity, South Louisiana, February 9, 2017.

Intel, to invest $7 billion in Arizona; employ 3,000. February 8, 2017. Intel CEO announced this from the Oval Office while meeting with President Trump. Chandler, AZ; over 10,000 people in the area will support the factory; investment over the next three to four years.

Williams, natural gas pipeline; $3 billion Atlantic Sunrise pipeline, Atlantic seaboard, approved after almost two years of delays. Approved exactly two weeks after Trump sworn in. February 4, 2017.

Lockheed: US orders 90 F-35. A single tweet from President Trump resulted in a $720 million savings on the program. Add significant number of jobs in Ft Worth, TX. February 2, 2017.

Amazon: to add 100,000 full-time jobs over next 18 months; reported on Fox Business News, February 3, 2017.

Lowe's to hire more than 45,000 seasonal workers (spring gardening). USA Today, February 2, 2017.

US Army has directed US Army Corps of Engineers to issue easement for DAPL. January 31, 2017.

Amazon.com to build its first air cargo hub. UPS is toast. January 31, 2017.

Infrastructure Priority List, top 50, nationwide, January 24, 2017.

Toyota, expands factory; adds 400 well-paying jobs at Indiana plant, CNBC, January 24, 2017.

Foxconn, $57 billion, 50,000 jobs, Pennsylvania, January 22, 2017.

Breitbart provides a list of the "Trump jobs." January 18, 2017.

Hyundai, January 17, 2017: to invest $3.1 billion in US

Wal-Mart, January 27, 2017: will create 10,000 jobs in nod to Trump; investment will support 24,000 construction jobs.

General Motors, announces $1 billion in new investment; could create 1,000 jobs; may be more.  Wall Street Journal.


Amazon, 100,000 jobs over next 18 months, January 12, 2017: The Washington Post

Toyota, Apple, January 9, 2017: both Apple and Toyota look to expand in US

Alibaba, January 9, 2017: to discuss with Donald Trump one million jobs in US over next five years.

US Navy: Trump will re-build US Navy to size it hasn't seen since Reagan administration.

FiatChrysler, January 8, 2017: will spend $1 billion modernizing, building in Michigan and Ohio; will add 2,000 new jobs

Stanley Black & Decker, January 5, 2017: makes it a point to note that the company will build a $35 million manufacturing plant in the United States in what appears to be an attempt to either a) keep PEOTUS Trump off its back; or, b) get a PEOTUS Trump endorsement. The announcement came after it was announced that Stanley B&D acquired the Craftsman "name" from Sears.

Construction spending hits 10-year high, in days after Trump elected.

Ford, January 3, 2017: cancels plans for $1.6 billion plant in Mexico; will expand in Michigan

Sprint, OneWeb, December 29, 2016: Trump says Sprint will bring 5,000 jobs back to US; OneWeb will create 3,000 jobs in US.

Tesla, Panasonic, NY. December 27, 2016. $256 million solar panel factory in New York.

Cao Dwang, Shanghai, to Ohio. December 22, 2016. $600-million investment; Chinese auto glass tycoon; cites high taxes and soaring labor costs at home; comes after Trump threatened to declare Beijing a currency manipulator and slap 45% punitive tariffs on Chinese imports to protect American jobs. 

Amazon, Michigan. December 20, 2016. To open distribution center in Livonia, MI, hire at least 1,000 new employees.

Amazon, Illinois. December 20, 2016. Amazon adding 1,000 jobs with two new Illinois fulfillment centers.

Nuclear, Illinois. December 17, 2016. Exelon Corp will hire more than 400 permanent employees to work on capital projects at two Illinois nuclear plants; after Illinois govern approved a plan to provide billions of dollars in subsidies to Exelon to keep the pair of unprofitable nuclear plants from closing prematurely. 

Mexican moves. December 14, 2016, Bloomberg reports that US companies are already "dampening" plans to move US jobs abroad. Not even sworn in yet, and Trump already having an impact. 

IBM: December 13, 2016, Daily Mail: 
  • will hire 25,000 over next few years
  • announced day before Trump meets with tech leaders
  • 6,000 of those new hires in 2017
Dow Chemical Michigan. December 10, 2016, via "Breaking News":
  • President-elect Trump says Dow Chemical CEO Andrew Liveris to head American Manufacturing Council, tasked with finding ways to bring industry and manufacturing 'back to America'
  • Dow Chemical will 'invest in a new state of the art manufacturing center in Michigan,' CEO Andrew Liveris announces; says decision due to President-elect Trump and his policies
Carrier, Indiana. November 29, 2016. Carrier will keep plant in Indiana. $7 million tax break / 10 years / 1,000 employees = $7000 / employee / year = $1.92 / employee / day. Starbucks: $2.11 for least expensive cup of black coffee. Even if the 1,000 employee-number is inflated, one has to appreciate the PEOTUS for getting involved. Previously posted.

Ford. November 18, will not move some production to Mexico; calls PEOTUS.

And, yes, the twitter hashtag is already there: #TrumpJobs. Mostly an anti-Trump site but that will change. 

Most Interesting Bit Of Trivia Regarding Energy And Trump's Cabinet -- December 10, 2016

From Rigzone/Reuters, the headline: oil drilling advocate to be Trump pick for Interior Department. The story is now 24 hours old and it's old news, but already I've forgotten: who was the pick and what makes it noteworthy:
  • least noteworthy: the pick is a woman; but you don't see many women when it comes to talking about "oil drilling advocates"
  • more noteworthy: the nominee for interior is said to be an oil drilling advocate -- think about that; not just one of her hobbies, but a real passion for drilling
  • most noteworthy: she is not from an oil-producing state; she is from Washington State, a state I don't associate at all with oil
This would have been a non-story had the nominee been from Wyoming (an oil state) like a former Secretary of Interior or from Texas or Oklahoma. 

So what gives?

Reading her wiki bio helps. It is remarkable (to me at least) she became an advocate through her involvement with various committees while serving in the US House of Representatives. Based on her childhood upbringing, one can connect the dots to how she got where she got. I am impressed that she was able to think for herself all those years. Very impressed.

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Water

I've long lost the bubble on this issue. One of my readers knows the story well and might comment on this. But any subject on which Barbara Boxer is on the "losing end" makes my heart skip a beat. In a good way.

The Los Angeles Times is reporting that the US Senate sends a "California water bill to President Obama over the objections of California's senator Barbara Boxer:
Over Sen. Barbara Boxer’s objections, the Senate voted 78 to 21 Friday evening to pass sweeping water infrastructure legislation that changes how much water is pumped from the Sacramento-San Joaquin Delta to San Joaquin Valley farmers and Southern California.
The bill — co-authored by Boxer — authorizes hundreds of water projects across the country, including new infrastructure to fix lead issues in Flint, Mich., and and millions of dollars for projects connected to the Los Angeles River, Salton Sea and Lake Tahoe.
Which of course raises the question: she co-authors the bill and then objects to having it sent to President Obama.

Another First: US Shale LNG To Japan; As Joe Biden Would Say: This Is A Big Freakin' Deal -- December 10, 2016

Updates

May 30, 2017: another story mentioning the Oak Spirit; an investment story.

Original Post
 
This article in Rigzone/Bloomberg connects three major dots:
The linked article, another milestone: The U.S. shale revolution that turned North American energy markets upside down is finally headed to the world’s largest consumer of liquefied natural gas: Japan.

Again: Japan is the world's largest consumer of natural gas and US natural gas now headed to Japan. Track the movement here.

Data points:
  • Jera Co: joint venture between Tokyo Electric Power and Chubu Electric Power
  • Jera Co: will get its first LNG cargo produced from US shale in early January, 2017
  • will be first supply to reach Japan from Cheniere Energy's Sabine Pass terminal
  • the contract was signed more than two years ago
  • contracts are tied to US natural gas prices and NOT to price of crude oil (which is how most LNG coming to Japan is priced)
  • also, contract allows fro switching cargo destinations; importers are pressuring producers for more flexibility
  • "a turning point" -- Wood Mackenzie
  • 70,000 metric tons in this first shipment
  • Oak Spirit
  • by the way, the Oak Spirit is a story of its own
  • a breadth of 46.4 m (152.231 feet); an overall length of 294.9 m, (819.88 feet) the design has been optimised for transits of the new, larger Panama Canal locks (see new canal capacity below)
Other articles on the Panama Canal expansion:
Previously posted, regarding the Panama Canal expansion:
  • Panama Canal Expansion Project: Third Set of Locks project, 9-year project; does two things:
    • creates a new traffic lane
    • first new line since canal built 100 years ago: allows for larger ships
  • previous restrictions: no longer than 965 feet; no wider than 106 feet; draft capped at 40 feet (ships up to this size and draft: Panamax vessels
  • new restrictions: 1,200 feet in length; 160 feet in width; 50 feet of draft: "New Panamax" or post-Panamax
  • ultra large crude carriers (ULCCs) nearly 5x larger than the maximum capacity of the current canal; most other big crude vessels won't fit
  • after the expansion: only 10% of LNG carriers won't fit (vs 90% currently)
  • the only LNG carriers that will not be able to use the canal because of their width are Q-Flex (164 feet wide) and Q-Max (180 feet wide) -- the larger vessels pioneered by Qatar Gas to move staggering volumes of LNG (up to 157 metric tons for the Q-Flex and almost 200 MT for the Q-Max)
  • it's possible, the Q-Flex will eventually be allowed to use the canal
  • for LPG (propane and butanes); "very large gas carriers" (VLGCs) are preferred; between 375 MBbl and 550 MBbl; currently only 20% of the 180 global VLGC's can fit through the cana; once the new canal is operational, virtually every VLGC will be able to use the waterway

The Trump Daily Note: The Second 30 Days

The Third 30 Days
The Second 30 Days

January 9, 2017, T+60: Obama leaves office knowing that any thoughts of a legacy vaporized when Trump was elected. Even before Trump takes office, Trump has sucked all the oxygen out of the room.

January 8, 2017, T+59: while mainstream media harps on tweets, PEOTUS Trump continues to think big: will rebuild the US Navy to size not seen since Reagan administration.

January 7, 2017, T+58: OPEC cuts will begin to be felt at the beginning of the US summer driving season. President Trump won't wait six years (like his predecessor) to figure out what to do.

January 6, 2017, T+57: if seventeen (17) US intelligence agencies knew about all this Russian interference during the election why did they not warn Hillary? One would think there would have been at least one agency director who "liked" Hillary. As far as I know, FBI Director Comey was not being directed by the Russians. Or was he? Cue in "spooky music."

January 5, 2017, T+56: it looks like Trump was right or certainly worthy of discussion -- the US intelligence agencies have been politicized -- discussion on CNBC this a.m. IRS, DOJ, CIA (Benghazi) all under discussion. Former Senator Mitchell (Maine) blames the internet; says it's human nature for everyone (including spy agencies) to be politicized -- "don't just blame the politicians and bureaucrats."

January 4, 2017, T+55: Trump rally extends to auto sales. December auto sales much stronger than expected; could push annual sales to new record. 

January 3, 2017, T+54: Ford announces that it will not build its planned $1.6 billion factory in Mexico; it will, instead, build a state-of-the-art manufacturing plant in Michigan [news reports clarified later: apparently not a new plant; this will be an addition to an existing plant in Michigan]. In addition, it was reported that construction spending hit a 10-year record after Trump was elected president.

January 2, 2017, T+53: wow, another holiday. Is President Obama back in town?

January 1, 2017, T+52: Happy New Year. US consumer confidence at a 15-year high.

December 31, 2016, T+51: Washington Post with fake headline about Russia hacking Vermont utility. Fake news. Caught by others. "Off the shelf" malware found on a single laptop used by employee at Vermont utility; laptop not connected to the grid.

December 30, 2016, T+50: without question, Trump is going to come out "smelling like a rose" with regard to the allegation of Russian hacking, the expelling of 35 "diplomats," and the 2016 election.

December 29, 2016, T+49: From The WSJ, US retailers on pace for best holiday season in years. Some chalk it up to US consumer confidence, best since 2001, following the November election. 

December 28, 2016, T+48: consumer confidence at 15-year high (highest since 2001); market up 10% after election (for last two years, Dow 30 trading sideways at 18,000; after election, race to 20,000), trillion-dollar Christmas. And yet, the pundits inside-the-Beltway can't connect the dots.  

December 27, 2016, T+47: after listening to a dozen mainstream pundits prognosticate on Trump's presidency, all I can do is paraphrase Churchill:
I cannot forecast to you the action of President Trump. He is a riddle wrapped in a mystery inside an enigma; but perhaps there is a key. That key is America's national interest. 
December 26, 2016, T+46: the Iranian rial hit a record low against the dollar; inflow of outside investment in Iran has tapered considerably since Trump's election. Not even in office yet.

December 25, 2016, T+45: a quiet day.

December 24, 2016, T+44: if California's Hillary's supporters were honest with themselves they would admit they were lucky that Hillary did not win in light of Obama's last act "against Israel." How many decades has Israel always been able to count on the US when backed into a corner? Mainstream media says Trump taking a call from Taiwan broke protocol; that pales in comparison to what Obama did to the Israelis. Hillary is a known Palestinian supporter.

December 23, 2016, T+43: after one tweet regarding the cost of the F-35, the Lockheed CEO telephones PEOTUS and promises to bring down the cost of the F-35; and then tweets about it. The media is not happy about "negotiation by tweets" (NBT or "netweetigation)

December 22, 2016, T+42: the mainstream media said it was not "presidential" for Trump to be tweeting; and, yet, the mainstream media has found that the tweets are of immense interest on their talk shows. They don't want to admit it: they don't want Trump to stop tweeting.

December 21, 2016, T+41: serious statesmen (e.g. Kissinger) are impressed with what they've seen from Trump in the first 30 days; the pundits on talking shows (like those on MSNBC) are mostly clowns, making themselves out to be comedians; very juvenile.

December 20, 2016, T+40: President Obama says he will author a new book in the Dummy series -- Politics for Dummies. Chapter One: campaign in every state. Chapter Two: Electoral College Basics. Chapter Three: the Popular Vote Is For Dummies. Chapter Four: Michael Moore is a dummy. Chapter Five: When It's Over, It's Over.

December 19, 2016, T+39: the hypocrisy of the press -- calling Trump a "bully" without basis-in-fact; and then ignoring the "bullies" bombarding GOP electors ("delegates") with e-mails and death threats to not vote for Trump.

December 18, 2016, T+38: first family.
While the media has, as it should, assiduously reported on every official Cabinet appointment made by President-elect Trump, they have yet to vet the next administration’s most significant, powerful player: Ivanka.
She’s not the first woman to sub for a first lady — most notably, Teddy Roosevelt’s daughter Alice did — but none had the influence Ivanka likely will.
Forget adviser: Ivanka, now moving her family to DC, may be co-president.
December 17, 2016, T+37: Russian hackers interfered with presidential election, the election that was rigged, the election in which Hillary Clinton won the popular vote by a landslide, winning by more than 2.5 million votes. But failed to note that it was the Electoral Vote counts, not the popular vote (a nominee for the 2016 Geico Rock award). She never visited Wisconsin once during the campaign.

December 16, 2016, T+36: why is the "progressive press" not thanking the hackers (whoever he/they might be) for exposing Podesta and the real Democratic Party when they were found to be rigging the debates (think: Daniel Ellsberg and The Pentagon Papers). There is now a suggestion that the real "hackers / leakers" were anti-Hillary Democrats who had concerns that the autocrat Hillary was going to win. That makes a lot more sense than blaming the Russians.



December 15, 2016, T+36: the media seems surprised/impressed/in awe with regard to Trump's thoughtfulness. Trump seems to be willing to listen to everyone; meet with anyone. Rumors suggest it was "Condi" who suggested Rex Tillerson to Trump. If so, inspired ... on so many levels.

December, 14, 2016, T+35: it continues. Trump will do more for the US before he's even sworn in than Obama did in eight years; IBM says they will hire 25,000 over next few years; will hire 6,000 in 2017; US consumer confidence at 12-year high; stock market (Dow 30) hits all-time highs; races toward 20,000 after mired in 17,750 rut throughout eight years of Obama. Bush used to say, you are either with him or against him; Trump does not need to say that.

December 13, 2016, T+34: MSNBC "Morning Joe" almost giddy, certainly very, very positive, about Rex Tillerson as the SecState pick. Mika was relieved it was not Rudy.

December 12, 2016, T+33: the new bogeyman -- Putin. Hilarious. The biggest Democratic fundraiser: Trump. Democrat Party needs a gazillion dollars in donations to stop Trump's first 100 days. The Democratic Party is leaderless; lacks a strategy -- top party officials.

December 11, 2016, T+32: it's very possible Trump will make a bigger POSITIVE impact on America before he is even sworn in than Obama did in eight years.

December 10, 2016, T+31: the Trump cabinet -- laser-focused on experts in the military, money, and, energy. Leveling the playing field nationally and internationally. Not a team of rivals. [An hour or so after posting that note, sources tell media that Rex Tillerson, former CEO of Exxon Mobil will be nominated for Secretary of State.]

Other Events
#TrumpJobs.

Connecting Some Disjointed Dots -- December 10, 2016

Updates

Later, 2:17 p.m. Central Time: sources -- Rex Tillerson for Secretary of State. See first note under "original post" below. Amazing.

Original Post 
Connecting some disjointed dots (posted about 12:15 p.m. Central Time, December 10, 2016):
  • former CEO of Exxon Mobil, Rex Tillerson, being considered for SecState
  • Saudi Arabia in "panic mode" over price of oil
  • NATO members not paying their fair share -- a Trump concern
  • the number of military conflicts in modern history fought over oil
  • are these the top three reasons why countries go to war: ideology (religion); oil; water?
  • does the SecState have two mandates? trade, peace?
  • The Prize, Daniel Yergin
Graphic worth a thousand words.

By the way, on December 1, 2016, I posted:
Something tells me the news cycle with Trump will be 24/7. None of this "9-to-5" stuff with a news dump Friday afternoon after normal business hours, and then three days of golf where the press pool is hanging out at the burger bar, and no one sees the president for 72 hours. The tea leaves suggest this is going to be a very, very exciting, unconventional four years. Once he hits his stride, Trump will set the narrative. [From a reader: "He already has (set the narrative).]
The Rex Tillerson "announcement" on Saturday afternoon is a great example. Trump is clearly involved / working / breathing the presidency 24/7. None of this golfing on the weekend with the press pool hanging out at the burger bar. He tweeted several tweets overnight, by the way. His overnight tweets and his weekend announcements will keep the media hopping.


*******************
Fiat Pacific 

Breaking news:
Fiat Chrysler to reveal a fully electric vehicle based on the Chrysler Pacifica minivan at CES in Las Vegas.
This is pretty cool I thought I had posted a note on this earlier, but perhaps I did not. I saw a photograph of this new EV a week or so ago (in the WSJ?) and said to myself -- that looks just like a Pacifica.

And there it is: "... based on the Chrysler Pacifica minivan...." although I thought the Pacific was more of a crossover than a minivan, per se.

*************************
Speaking Of Fake Stories

"Fake stories" is the "new" narrative -- MSNBC spending a lot of time on the issue.

Rush reminds us:
  • Hillary Clinton and President Obama: the Benghazi video (wow) -- that was clearly fake news
  • Brian Williams, NBC News: poster child for fake news; now on MSNBC telling us that fake news played a role in this election
  • MSNBC  announces Fox News held Christmas Party at Trump Tower; the problem -- Fox News has not held its Christmas Party yet this year; and it won't be held at Trump Tower

A Graphic Worth A Thousand Words -- December 10, 2016


The source for the graphic: Business Insider.

The data for Germany and Japan: wiki/google.

This is the part of the graphic I was interested in:


Saudi Arabia Tells Refineries To Expect Fewer Deliveries Beginning in January -- December 10, 2016

A big "thank you" to a reader for sending me the link.

Link here. Data points:
  • Saudi Arabia to reduce deliveries of crude oil to Europe and North America
  • Asian refineries: so far largely spared
  • Asia: in fact, three of the region's refiners said they were told they would receive the extra volumes they requested
  • Saudi Arabia recently increased oil production to an all-time high of nearly 10.7 million bopd
  • has since reduced production to 10.5 million bopd
  • one year ago: 1.3 million bopd
Two comments:
  • in the early days of the blog, analysts often stated that Saudi Arabia could/would produce 12 million bopd; I never accepted that; we now see that the all-time high was "nearly" 10.7 million bopd, not significantly different than 1.3 million bopd one year ago (remember previous postings that suggest hundreds of thousands of bopd "unaccounted" for)
  • best way to track Saudi's comment regarding North American imports: US Saudi crude oil imports; has hardly changed
An old graphic, frequently posted: