Notes From All Over -- November 25, 2021

Feature story: 

• a constant theme on the blog for at least a decade. Russia suggests that it's getting more and more expensive to recover their oil reserves. Link here. This comes at a time when US operators keep reporting decreasing drilling costs in shale plays.
• see also, Tsvetana Paraskova with similar story; 

EU/UK:

• energy crisis continues unabated; France day-ahead average electricity rate exceeds €300 per MWh, hitting a 9-year high

For investors:

• take it or leave it, but this article has some interesting data points regarding dividend investing; the 60/40 portfolio, etc.
• ATT / Discovery: insights from the merger prospectus;
• Deere: when I last looked -- yesterday morning -- DE was surging, up $11 / share; now this from The WSJ -- Deere results little hurt from five-week strike; solid demand boosted Deere's results; forecast higher profit next year;

Gasoline demand:

• surge: Wednesday's demand trending toward 25% higher than a week ago (link fails to mention busiest travel day of the year; Patrick De Haan loses a bit of credibility)
• EIA weekly data: link here. Flat to slightly down.
• Weekly US days of crude oil supply falls slightly; now at 28.3 days; still greater (barely) than four weeks:

SPR release:

• $5 / bbl gift to Big Oil; it's called backwardation; also here;
• Charles Kennedy: US gasoline prices barely budge after SPR release announcement;
  

Road to California:

• California passed law to ban fracking in 2024; regulator already denying "all" fracking permits; it's over in California; over at FoxBusiness.

Buttigieg:

• they must be reading the blog. Link to Politico today. The blog made the suggestion a day or two ago. 

Laying an egg on Turkey day:

• Apple stops selling its products in Turkey due to currency volatility. Link here.

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Day of the Dead

The celebration was held several weeks ago. I forgot to note at the time that our high school sophomore / soccer-playing granddaughter "dedicated" her ofrenda to Amy Winehouse. Later, she said she was surprised I even knew who Amy Winehouse was.