It Never Quits -- Making Texas Great Again -- First Time Ever -- Texas Exports More Oil Than It Imports -- August 21, 2018

Updates

August 21, 2018: from this link -- the "US port district of Houston-Galveston" is designated port district #53 and includes several ports -

There are two other port districts in Texas but to the best of my knowledge, they do not import or export foreign oil, unless indirectly.

The original EIA article was at this link. See comments below and the original post.

Original Post 

And this was back in April - almost four months ago. Link here.

The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Houston-Galveston port district exceeded imports by 15,000 bpd. Over the next month, the advantage of exports over imports welled further, to an impressive 470,000 bpd.

Total U.S. oil exports in may hit a record of 2 million bpd, with Houston-Galveston’s share of the total at a record-breaking 70 percent, from an average of about 50 percent since the middle of 2017, the EIA said.

The bulk of crude oil exports from the Houston-Galveston area went to China, Canada, Italy, and the UK, with exports to China averaging 300,000 bpd in both June and July. This month, however, not a single crude oil cargo has been loaded for China, according to media reports, amid growing trade tensions between Washington and Beijing.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or think you may have read here. But it certianly seems like an open-book test, doesn't it?

The rest of the market. Quite incredible, I would say. The Dow holds. Even TSLA looks strong today.

• Dow jumps 100 points during early morning trading; bull market gets set to become the longest in history; I think it's fairly obvious, in retrospect, how this occurred; will talk about it later, if I remember;
• Dow: up about 70 points; irrelevant but great news nonetheless
• S&P 500: up 9 points; highly relevant
• NASDAQ: up 44 points
• Russell 2000: up 15 points
• WTI: up a bit; around $66 which is fine. as long at the trend is up
• AAPL: down, but essentially flat
• SRE: down about a percent at $116
• PSX: this one blows me away; through a spin-off many years ago, I ended up owning a few shares; cost basis at time of spin-off, maybe $60 -- bad news -- lots of taxes when sold; up another $1.57 today, trading at $117.65; 
• NOG: five days ago, $2.61; today, $3.20; up 23% in five days; LOL
• OAS: five days ago, $11.60; today, $12.35; up about 6%, I guess
• UNP: one of the more interesting ones to follow right now
• Warren: flat today, but slightly green
• EOG: wow, big jump today; I almost missed it, but it looks like EOG raised its dividend

WANG: from CNBC -- like Trump, James Cramer is always, always thinking, living and breathing the stock market --

Cramer is introducing a new acronym: WANG.

According to Cramer, WANG stocks are the new FANG stocks. WANG stands for Walmart, Apple, Netflix, and Google, meaning WANG is FANG, except with two trades (Facebook and Amazon are out; Walmart and Apple are in). 

Comment: Netflix could stumble. Then it's a WAG. If Walmart stumbles, it's a NAG.

Coal: two links --

• EPA: undoes Obama-era restrictions on coal plants
• Coal company doesn't need help: coal company on the ropes under Obama doesn't need Trump help; now thriving -- China, India with huge demand; making America great again

 LNG: making America and Panama great again -- of course, Andrew Cuomo would tell lus that Panama never was all that great -- link here --

Panama on Friday will sign an agreement with the U.S. Treasury and Energy departments aimed at paving the way for more private investment to expand the importation and distribution of U.S. liquefied natural gas in Latin America.