GM:
- I was wrong. GM may be looking to take a bigger stake in Nikola. GM must have liked the video.
- why Nikola stock surges yesterday; The Motley Fool;
- GM-Nikola deal didn't close yesterday: GM might demand a bigger stake; link to Barron's; behind a firewall yesterday; not today; maybe because I'm using a different IP address?
Investing:
- stocks finish second straight quarter of big gains; link to The WSJ;
OPEC:
- in turmoil: getting worse as oil outlook worsens; link to Irina Slave;
- Saudi Arabia hit hard; link to Tsvetana Paraskova;
- Venezuela: see oil revenue drop 99%; link to Michael Kern;
- from $60 billion in 2013 to $0.5 billion in 2020
Job cuts:
- Disneyland went first; now the airlines: AA, UAL to cut 32,000 jobs; DC slow to provide relief;
- The Jefferson Bible review. I bought a copy of The Jefferson Bible years ago; not impressed. Don't know if I still have it or not; I've given most of my library away
Music:
- the making of Queen's "We Will Rock You"; link to The WSJ;
Lithium:
- one will start seeing a lot of stories on lithium; shortages, high prices, etc. But one thing remains: at the end of the day there will be a surplus of lithium. It may be expensive until supply and demand even out, but there won't be any shortage.
- major supply shortage; link to Tsvetana Paraskova;
- lithium recovery from oil and gas produced after (including the Bakken); link here to ACS Energy Letters;
- shale boom could fuel batteries; link to Earth: The Science Behind the Headlines;
- lithium: world class deposit, link to investingnews;
- see graphic below
Covid-19: best source for data, down to the county level.
Covid-19:
- insurers reducing coverage for telemedicine visits; link to The WSJ;
- why hospitals can't handle Covid surges; link to The WSJ;
- DOJ opens ventilator antitrust probe focused on Medtronic; link to The WSJ;
Divergent views:
- COP: oil demand will return and grow; link to Julianne Geiger;
- biofuels disappoint: link to story on Bayer at The WSJ;
Global economy / US dollar:
- a record level of global currency reserves -- $12.031 trillion; link to alKhaleej Today;
Later: how 'bout that lithium?
If the economics are there, lithium, rare earths and any other substances profitable to utilize. Having minimal knowledge on the topic, straining water and removing elements can be expensive, this would be a great example of government helping to develop technologies, use spare natural gas as energy, burned off anyways.
ReplyDeleteTime will tell.
Brian.
It looks like cobalt will be the long pole in the tent. Lithium is like oil: there is really a lot of it; it is just a matter of economics.
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