Gasoline demand, link here:
Market: wow. Dow up over 230 points.
Legacy Fund: reporting seems delayed. Should be seeing July, 2021, deposits by now. Link here.
Jargon: first heard this on CNBC today -- linear television. The term has been around for a long, long time; first time I heard it today -- on CNBC:
Linear television is when television programming follows a schedule, decided unilaterally by someone at the channel headquarters. ... Non-linear television is "on-demand" programs. These are VOD, SVOD, Catchup/Replay... modern television where we can choose what time we watch what we would like to see. -- May 28, 2015
US crude oil supply: in days, pending:
EIA's weekly petroleum report, link here:
- US crude oil in storage increased by 2.1 million bbls;
- US crude oil in storage now stands at 439.7 million bbls; 7% below the five-year average;
- US crude oil imports averaged 7.1 million bbls per day; increased by 0.9 million bpd; averaged about 6.4 million bopd; 2.9% more than same four-week period last year;
- refiners are operating at 91.4%;
- distillate fuel inventories decreased by 1.3 million bbls; 4% below last week;
- jet fuel supplied was up 49.5% compared to same four-week period last year;
- comment: we need to quit comparing this year's data with last year's date. We need to start comparing this year's data with same period in 2019. But that won't happen.
