Parting Shot -- March 16, 2021

Updates

March 17, 2021: Biden owns it -- link here:

Original Post 

Do we even need to provide a link?

Off the net. Good luck to all. See you in the morning.

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Global Supply / Demand

Random thoughts:

• Saudi Arabia: seems desperate to find revenue streams other than that related to oil and gas; can't survive on $60-oil; solar; petro-chemical, stock market; those fields are very old.
  
• Russia: domestic demand crimping exports.
• Mexico: a basket case
• Venezuela: ditto
• Canada: Keystone XL killed
• China: huge demand -- demand will grow
• India: huge demand -- demand will grow
• Iran: looks like US won't be relaxing sanctions any time soon
• Brent / North Sea: something fishy going on?
• prior to the US shale revolution, let's say back in 2000 or earlier, was there a lot of talk about Peak Oil?
• at $60-oil: maybe three US crude oil basins: Permian, Powder River, (Eagle Ford), Bakken
• at $90-oil: any number of other US shale plays
• Nothing to see here; just thinking out loud. 

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Southern Surge

Perhaps it will turn into nothing, but wouldn't it be interesting if the southern surge becomes a bigger story than anyone thought possible? The story was not carried by any news outlet except Fox for a "long" time -- even the LA Times was not reporting it. Then all of a sudden, front page on The WSJ ...

Is it just a Texas story? Or is it more ...

If Mexico implodes ...

A musical interlude is needed .... desperately needed ... I'm getting too far ahead of my headlights ...