Fast And Furious -- August 27, 2020

First things first: Jay Powell's annual "Jackson Hole" speech -- rates will be lower for longer. 

Headlines:

• thousands of Swedes receive false-positive Covide-19 results due to faulty test kits from China; shipped around the world -- ZeroHedge;
• Aramco's cash squeeze may delay partnership with India's Reliance -- S&P Global;
• US natural gas power generation hits record -- oilprice.
• Saudi Arabia sees oil revenues plunge in June, 2020 -- oilprice. 
• three oil majors that bet big on renewables -- oilprice. 
• environmentalists slam Norway's plan to expand Arctic oil drilling -- oilprice.
• US oil exports to China soar 139% in July, 2020 -- oilprice. 
• TSLA hits $400 billion; there are only seven companies in the S&P 500 worth more -- Barron's.
  

Going swimming. Good luck to all. I should be back mid-morning.