The News Keeps Getting Better And Better -- Final Post -- 8:26 P.M. CT -- March 7, 2021

First things first:

Oil prices, 8:23 p.m. CT, March 7, 2021:

• WTI: up 2.72%; up $1.80; trading at $67.89;
• Brent: up 2.75%; up $1.91; trading at $71.34
• OPEC basket: laggard -- up a measly 0.29%; up 18 cents; trading at $62.15

Link here.

US shale companies: whoo-hoo!

So, Biden:

• kills the Keystone XL;
• revokes drilling permits on federal land;
• slows the permit approval process across the board;
• appoints IntSec who wants the DAPL shut down;

And we're blaming the Saudis and Russians for the high price of oil since Trump left office?

LOL.

Someone is watching a different movie.

Sturgis redux:

Nevada: most recent state to relax restrictions. Productions may return to Las Vegas. 

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Headlines From WSJ Tonight

Headlines:

• calls grow for Governor Cuomo to resign;
• Manhattan landlords take apartments off market during rental slump;
• for first time 2005, the US is expected to make a bigger contribution to global economic growth then China;
• fund managers brace for Europe's new anti-greenwashing rules;
• chip shortage strains heavy-duty truck makers; link here;
  
• why Elizabeth Warren's wealth tax could be good for investors;