Wednesday, April 11, 2018

The Market, Energy, And Political Page, T+42 -- April 11, 2018 -- FWIW: Atmospheric CO2 Leveling Off

US crude oil production, link here: records keep being set -- two full months (February/March - 2018) of 10 million bopd + crude oil production and each week has seen a new record (with one very, very minor exception):

Weekly petroleum report, link here:
  • US crude oil inventories: inventories surge; up 3.3 million bbls; at 428.6 million bbls
  • refineries: operating at 93.5% of their operable capacity
  • all the rest, background noise
  • re-balancing in the US: not going to happen
  • gasoline, days of supply: overall trend coming down (decreasing) -- now around 25 days; much better than the 33 days one year ago, March 31, 2017
Crude Oil Production By Region

Atmospheric CO2

The global economy is "hotter" than ever, and atmospheric CO2 -- FWIW -- is leveling off. 

Compare with April, 2017, link here:

In April, 2016, link here:

The Apple Page

Apple: practically every teenager surveyed, owns an iPhone; practically every teenager plans to buy an iPhone -- if one defines 80%+ as "practically everyone" -- regardless, the numbers are incredibly impressive. Remember: iPhones are "high end" gadgets. Apple does not sell "low-end" smartphones.

From Macrumors:
The iPhone continues to be the most popular smartphone by far among teens, according to new data gathered by investment firm Piper Jaffray for its most recent semiannual teen survey in the United States.

82 percent of teens surveyed own an iPhone, up from 78 percent in the fall of 2017, while 84 percent of teens expect their next phone to be an iPhone, up from 82 percent in fall 2017. Teen ownership and interest in iPhone has grown steadily over the past several years.  
This will affect the entire Apple ecosystem. Proof? See statistics for the Apple Watch at the same link.

Let's see the comments (154, so far):
  • why would anyone in the world compare students' interest in $300 Apple Watch vs $50,000 Patek Philipe? great question
  • 11-year-old niece wants an iPhone; her friends all use iPads and iPods
  • students with Apple Watches -- many of them likely to be hand-me-downs from parents (yup)
  • Apple should launch its own version of "Facebook" (agree completely)
The only question: with Apple smart phones being high end gadgets, where was the survey done? How were likely respondents identified?

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