Biden has just arrived in Europe for G-7 meetings.
Germany is in deep doo - doo. No links. Stories everywhere. Watch what comes out of the upcoming G-7 meeting.
- link here.
- Is President Biden attending? Yup.
- the talk in the hallways will be all about SCOTUS
- the talk in the restrooms will be all about Putin
- public meetings: all about energy
- links everywhere; here's one;
- new refinery will break the bank;
- this is what happens when politicians run Big Oil
- PBR on its way to yielding (dividend) 100%
- will set a new bar for rewarding shareholders
- will US shale meet that bar? LOL. Here's hoping.
- link here.
US oil:
- short-covering last week; link here.
- tread carefully; end of quarter; end of month; July 4th weekend
Inflation: a mis-read by the Fed?
- link here
- inflation now appears to have eased from earlier reports that inflation was at 14-year high
- tells me two things
- we've been here before -- fourteen years ago
- the Fed is confused; as we all are
Kellogg: nothing to do with energy but huge story
- splitting into three companies;
- links everywhere; here's one;
- Kellogg ticker (K), last:
- up 2%
- trading at $71
- 52-week high: $76
- P/E: 16
- div: 3.3%
- mkt cap: $24 billion
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