Notes From All Over -- The Calcasieu And Plaquemines Parish, Louisiana, Edition -- Highest US Gasoline Price On Record Heading Into A Christmas Holiday -- Let's Go Brandon -- December 22, 2021

Breaking: Pfizer stock about to break out. Covid-19 "pill" given approval for "emergency use" -- can be given at home. Raises availability from 85 million treatment courses, to 120 million treatment courses. $59.49 right now, up 0.8% at same time as report broke on CNBC. 

Yes, first day I'm back to watching the market and CNBC in about three weeks. I've avoided watching the market / watching CNBC ever since the "flash crash" on Friday, the day after Thanksgiving, 2021.

Covid-19: check this out and no one knows why. 

Apple iPhone supply chain:

• one month ago: a 9-day wait
• today: a 1-day wait

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US Growth -- 2022 -- Projected To Be Fast And Furious
Nominal US GDP Growth To Be Double Digit

This was mentioned on CNBC today, double-digit growth for US nominal GDP growth in early 2022.

Here is one source:

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Energy

EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record. Hopefully Sunday's edition of Focus On Fracking catches that EIA report. Link here.

Gasoline demand: yesterday, Tuesday, US gasoline demand reached its second highest tally for a Tuesday in 2021, barely missing the Tuesday ahead of Thanksgiving. Link here.

• demand was up 5.8% from the prior Tuesday, and was 3.1% higher than the average of the last four Tuesdays

Highest US gasoline price on record: heading into a Christmas holiday. Link here. Thank you, Brandon.

US crude export outlook looks bleak amid surplus going into 1H22. Link here to Argus. 

US LNG output appears to be at full capacity as European prices keep surging 13 Bcf/d of feedgas demand observed December 21, 2021. Atlantic awash in LNG tankers heading east. Link here.

US natural gas production will outstrip export gains. Link here at Argus. Again, it's all about Louisiana:

US LNG exports, a key driver of the rally in Nymex gas prices over the past year, are expected to increase further this winter because of additional liquefaction capacity along the Gulf coast and as service begins at the 1.6 Bcf/d (45mn m³/d) Calcasieu Pass terminal in Louisiana.

Capacity at Cheniere Energy's Sabine Pass export terminal in Louisiana will rise to about 4.6 Bcf/d through facility modifications and as train 6 reaches full service, according to the US Energy Information Administration (EIA). Federal regulators also authorized Cheniere to boost output from Corpus Christi LNG by 14pc, lifting capacity there to 2.4 Bcf/d. The first LNG cargo from train 6 at Sabine Pass and the first LNG from Calcasieu Pass are expected before the end of this year.

Now, look at this, more of the same: CNOC to take first LNG cargo from new export facility in Louisians. Link to Tsvetana Paraskova.

And this from Miland earlier this month: