The Market, Energy, And Political Page, T+13 -- August 27, 2018

The market:

• Dow: absolutely irrelevant, but the Dow hit 26,000 -- the first time since February 2, 2018; could the Dow go up 300 points today?
• Nasdaq: hits 8,000
• Russell: with a new record
• S&P: the one that matters -- within two points of hitting 2,900

WTI: flat; but trading at a very, very nice level, almost $69

False story: CNBC political talking head says the "NAFTA" story / Mexico trade story is a fake story. The movers and shakers all know that. And yet the Dow jumps almost 300 points. And this is August. Should be the slowest month of the year.

Three global petrochemical hubs?

• Texas - Louisiana
• Saudi Aramco - Sabic
• Alberta: see this story at oilprice --   
• the only way Alberta will be able to compete with the Gulf coast is if natural gas truly is a third of what it costs those operating in Texas-Louisiana
• I can see Alberta become a significant player, but equal to SAS or TX-LA -- probably not