Thursday, August 16, 2018

The Market, Energy, And Political Page, T+3 -- August 16, 2018

Judges: wow. Look at the lopsided votes
The Senate on Thursday confirmed the 25th and 26th appellate court judges during President Donald Trump's tenure, as Republicans continued reshaping the federal judiciary at a record clip.
The Senate approved A. Marvin Quattlebaum Jr. by a vote of 62 to 28, and backed Julius Ness Richardson on a vote of 81 to 8. Both will join the U.S. Court of Appeals for the 4th Circuit.
The GOP-controlled Senate has been approving appellate court judges at a rapid pace, already setting a record for the most confirmed during a president's first two years in office.
GOP leaders are installing jurists favored by conservatives who are likely to influence decisions on immigration, voting rights, abortion and the environment for decades.

Chinese LPG requirements: Wow -- trade wars? What trade wars? China Gas will boost LPG imports threefold. Link here.
  • China Gas plans to increase its annual imports of liquefied petroleum gas from 2.8 million tons to 10 million tons during the next five years as it enters the petrochemicals industry
  • the company’s plans also have to do with higher demand, with LPG sales to households forecast by China Gas to increase from 4 million tons in financial 2017/18 to 4.5 million tons in the current financial year, and further to 5 million tons in financial 2019/20
  • how much of this increase in imports will come from the U.S., a major LPG supplier to China, remains to be seen and depends on the outcome of the trade war between Washington and Beijing -- this quote was not cited -- personal quote from the writer of the article?
  • Comment: the trade war will be over long before five years are up 
Soybeans: see this Forbes article.

Trans Mountain Pipeline expansion project: update here. Protest camp is being dismantled by the Royal Mounted Canadian Police. Also here. It appears we are talking about eleven (11) malcontents holding up this construction.

Natural gas fill rate (link here):

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