Reminder: Mother's Day, this Sunday.
Sorry. Not Sorry. -- Warren Buffett. The NASDAQ needs to get with the program. Let's see ... how long has NASDAQ had to fix this problem? A decade? Two decades?
UK fuel sales: back to highest since pandemic began.
- weekly consumption hit post-pandemic high last week
- high vaccination rate makes UK bellweather (sic) for oil demand
Bellwether or bellweather: unless the Brits and/or Bloomberg spell it differently, I always thought it was bellwether -- having to do with the lead sheep wearing a bell leading the unquestioning flock. Link here.
- perhaps Mary Poppins, with her umbrella, was a bell-weather icon;
Gasoline prices: set to surge this summer. Link to Irina Slav. Elsewhere it's been reported there could be spot shortages. Region to watch: a) along California beaches; and, b) the neighborhoods around Disneyland.
Texas freeze: gas and power sellers clean up! Link to Reuters. Texas consumers got played. ET was one of the biggest winners. Others:
- leading energy trader Vitol,
- gas suppliers:
- KMI
- EPD
- ET (already noted)
- ET reaped $2.4 billion windfall from Texas freeze; they simply played by the rules set by the regulators. Meanwhile to the north, folks want the DAPL shut down. Karma.
- oil companies:
- oil giant BP,
- banks:
- Goldman Sachs
- BofA
- Macquarie Group
Reminder: earlier story suggest Texas will post record amount of electricity demand this summer.
Farmers, Biden and taxes: not good news -- this is just part of the bad news. Other bad news includes talk about the death tax, and capital gains step-up, and capital gains tax increases.
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