Sunday, November 7, 2021

Notes From All Over -- Sunday Evening -- November 7, 2021

Kyle Larson: wins NASCAR cup series. All final four drivers  finish in the top four. Standings going into the race: K. Larson; Elliott, Truex, Jr.; and, D. Hamlin. 

LA Chargers (5-3) defeat the Philadelphia Eagles (3-6) with a last second field goal. Jim Cramer? Not gonna be happy tomorrow morning. NFC East, Dallas Cowboys are out in front.

Winter has arrived! In China. First snowfall recorded for the year. Twenty-three days early. Link here. 

ISO NE: two spikes today; currently running $100 / MWh. And this is a quiet Sunday afternoon. Wow. 

Covid-19: vaccinations -- overall numbers doing very well; vaccinations given each day running 1.5 million doses / day since the "Biden mandate" vs 700,000 doses / day prior to the "Biden mandate."

Futures:

  • much lower than I expected and mixed
    • Dow: +27
    • S&P 55: - 2
    • NASDAQ: -37
    • WTI: up slightly; $81.60

Tesla: what to watch for this week -- Elon Musk to sell ten percent of his Tesla shares.

Europe energy crisis, link to Tsvetana Paraskova:

  • lowest level of gas in storage in a decade
  • Europe could tap the so-called "cushion gas"
    • cushion gas is that gas the supplies "pressure" at storage facilities
  • would be easier if Russia supplied necessary gas
  • a cold winter: natural gas in storage could fall to zero by the end of March, 2022

Trial balloon: SecEnergy as much as said that the decision had been made to close Line 5 on the Sunday morning talk shows. 

Three letters: CBR. And trucks. With or without the link, the demand will still be there. Just more expensive. It's only 540,000 bopd of Canadian oil; certainly OPEC+ can provide the shortfall if the line closed. Let them eat cake. 
You know, it's interesting: the political damage has already been done, telegraphing they want to close that line. If they were politically astute there line should be, "we are going to do what it takes to make the line safer before we even consider closing it. And certainly we won't close it before this cold winter." SecEnergy Jennifer Granholm was the governor of Michigan before she was tapped by Brandon to move to DC.

Running the numbers: if you look at the numbers, do a little arithmetic, one can tell Pelosi knew exactly what she had, and we were all being played:

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Why Not, Again 

Play this really, really loud and really, really pay attention to her voice, and maybe you can forget you are getting played.

Silver Threads and Golden Needles, Linda Ronstadt