Apple Streaming Is Down -- The Market -- Manic Monday -- March 21, 2022

Apple News and Apple TV are down. Noted at 12:10 p.m. CT. Link here. Later: resolved. But it was very, very real.

Oil: this time "it feels real."

• Brent: up over 6%. Up $6.72; now trading at $115.
  
• WTI: up about 5%; up %.10; now trading at $110.
  

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UNP: as mentioned last night, I thought UNP would do well today. 

Of course, even though the Dow is down 150 points, most of the market is up strong today, so it's hard to say why UNP is up today. [That was an hour ago; now the Dow is down 300 points.]

BRK-B: huge surge earlier this morning. Now: holding, but coming down from its earlier high. BRK-B is up over $6 today.

AAPL: had been up in earlier morning trading, now dropped back.

Question: I'm not watching the news so I don't know what made the market turn down after 11:00 a.m. CT.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

From twitter, focus on energy; not much today:

• GasBuddy seems to be gaslighting us.
• Saudi Arabia says it no longer has responsibility for any shortage in oil supplies; several problems:
• decades of ignoring infrastructure; can't load more than they already are;
• the myth of spare capacity is still being debated
• rebels increasing their drone and missile attacks on Saudi oil facilities
• some service stations are setting "fueling limits" -- getting ahead of the game
• global spare capacity is around two million bbls/day; not significant enough to deal with the geopolitical events -- Aramco CEO Nasser. Shifting the focus; shifting the blame; playing down hopes that his own country can come to the rescue
• irony: world needs more crude oil, now more than ever, and the Biden administration has spent the past year putting in obstacles to slow US production. What a doofus.  
• how does he think about US balance of payments? Most likely not at all;
• what will Psaki say at the daily White House briefing today now that oil is surging once again, and, this time "it feels real;"
  
• this is really, really cool. I was the first to really start beating the drums with regard to diesel this year. Now, finally others are noting the same thing. From Javier Blas today: we have a big diesel problem. Really big. Chart from 1994, weekly:

Diesel: the gasoline - diesel spread at the pump here in north Texas is now trending toward $1.00, $3.98 for gasoline; $4.89 for diesel. That was over the weekend. Today is manic Monday.

Onshore rig count: US shale operators not interested in helping out the present administration. Rig count dropped by one to 640. 

Green agenda unraveling: call Greta. Great reset delayed: Belgium delays killing nuclear over "chaotic geopolitical environment." By the way, for the woke crowd, "nuclear" is now "uranium."