Notes From All Over -- April 14, 2022

 NY Times WORDL today:

Wordle 299 3/6

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Days supply, crude oil: increases from 26 days to 26.7 days; link here;

• and crude oil surges;

EVs margins: the other day I noted that EV margins were marginal at best; much worse than ICE

• who agrees that EV margins are not where they need to be? link here.
  
• spoiler alert: Ford CEO
• again, I ask the question: if EVs are such a great deal for automobile manufacturers why are they all partnering with each other
• spoiler alert: hedging their bet; same reason oil companies have joint venture when drilling multi-billion-dollar plays; this is not rocket-science

PBR goes ex-dividend today, chart:

• P/E: 5
• yield: 18.6%
• 52-week high: $16.09
• yesterday's close: $15.96

US crude oil build of 9 million bbls: an anomaly.

Amazon: sold 40-year notes at 4.1% pre-tax interest rate; link.

• for every $1.00 it borrowed, it will still be paying 4.1 cents of interest in 40 years;
• what will the FCF yield be in 2062 on the $1.00 in proceeds that Amazon used to buyback shares?
• massive accretion over time

Wuhan flu: Shanghai bans private cars on roads to stem Covid surge.

• I can't make this up; link here.
• maybe "law" won't apply to those wearing masks and driving an EV;

Wuhan flu: great lock down graphics, link here;

Natural gas graphic on which utilities and stakeholders rely, link here:

• natural gas is currently more expensive that any point in any EIA scenario for the next 30 years:
• predictions, natural gas price at these scenarios:
• $6.90, low oil and gas supply;
• $3.90, high oil price
• $3.90, low oil price
• $3.00, high oil and gas supply
• natural gas today: $7.00
  
• can't make this stuff up;

What's wrong with this picture? This graphic.

• nothing
• the dot.com frenzy was just early;
• the internet fundamentally changed the world;
• there have never been better scalable businesses that created so much value for so many customers:
• Apple, Google, Meta, Amazon, Netflix

Texas: natural gas power demand hits 11-year low, link here:

• wind power
• high natural gas prices

GasBuddy has jumped the shark; note at except for cash, the price changes were inconsequential:
and even the "cash price: was inconsequential:

• regular, cash: from $4.63 to $4.55 (whoo-hoo; a 1.7% drop on almost 5-handle gasoline)
• regular credit: $4.69, no change
• plus: $5.19, no change
• V-Power: $5.69, no change
• diesel: $4.99, no changee
• has GasBuddy become a tool of the Biden administration;
• what a doofus;
  

NATO: new members, Sweden and Finland; link here.

• meanwhile, diplomats still looking to crossing "t's" and dotting "i's" on Ukraine's application
• can't make this stuff up

Graph of the day, the Putin Price Hike, link here.