Notes From All Over -- Part 1 -- September 2, 2021

By the numbers:

• TYT: 1.292%, down 0.01
• WTI: $68.97; up about 0.55%; up about 38 cents;
• DXY: 92.45, unchanged;

Overnight:

• most under-reported number: implied US oil demand has surged -- EIA; not yet seeing the analysis
• pay attention to the chart at this post -- it's more than remarkable;
• 2019, pre-pandemic record: less than 22 million bpd; but the norm was around 20 mbpd
• September, 2021: trending toward 23 million bpd; huge jump started with summer driving, but recent surge is unprecedented (fact-check please)

Reminder: how the shale revolution changed things. Link here.  Or go directly to this link at Gulf Times:

• the first liquefaction train of the Golden Pass LNG liquefication and export terminal in Sabine, Texas, a $10bn joint-venture formed by Qatar Petroleum and ExxonMobil, is scheduled to come online by 2024;

Baxter: up in pre-trading; will buy Hill-Rom Holdings for $10.5 billion; no links, story everywhere;

Auto anxiety: Nissan has delayed the restart of its Tennessee automotive plant for another two weeks; link her; direct link here;

• yes, chip shortage, again;
• article also updates Ford and Stellantis, both recently announcing additional production cuts;
• but, let's think about that for a moment; if I remember, I will come back to this one;
• I'm seeing an opportunity here

Iraq: the story continues;

• Iraq at risk of power shortages
• Iran reduced gas supply