Riddle Yourself This? Why Are Automobile Companies Partnering On EVs? April 5, 2022

Riddle yourself this: why are automobile companies partnering on EVs?

• headline: GM and Honda expand EV partnership
• link here;
• EVs: link here. Scorecard. 
  

Covid lockdown and teenage girls: sad, sad, commentary. 

WTI, futures: earlier I mentioned this would be the most interesting oil-related data point to follow for the next few weeks. 

Today, 10:31 a.m. CT, April 5, 2022 -- note the "100 shares" traded today for guaranteed delivery in August, 2023 --> up $2.30 and trading at $87.96.

How arbitrage works: we talked about this in more general terms the day the release was announced -- how the SPR release is one big "play on the spread." Link here.

The Biden Surge: tracked here. 

OPEC+ fracture: Asian buyers will look for cheaper oil than from Saudi Arabia after recent price hike. Only one other source: Russia? Link here.