Twitter Feed Sunday Night -- June 12, 2022

Texas: electricity tops all-time record

• grid held
• Josh says "it was close"
• looking at the graph, not even close
• maybe some regional issues
• we'll have brownout and blackouts, but not to worry;
• nothing like a freeze that really causes problems
• huge difference between winter and summer when talking energy
  
• for some of us, not hot enough
• I'm lovin' it; all day in the pool 

Road trip! Joe Biden will visit Saudi Arabia in July, the White House confirmed to Axios today, Sunday, June 12, 2022.

Joe Biden will be told informed of this new development sometime this week.

Market: things are looking scary right now.

Market: be greedy when others are fearful, fearful when others are greedy. Warren Buffett.

Market:

• God: net income somewhat less than $43 billion, 2Q22 — President Biden.
• XOM: $43 billion, 2Q22
• GOOG: $76 billion, 2Q22
• MSFT: $80 billion, 2Q22
• AAPL: $104 billion, 2Q22
• advice: be greedy when others are fearful, fearful when others are greedy. Warren Buffett.

Bitcoin headquarters:

• Bakken
• Permian
  

Trump: gonna need to lawyer up after the "Jan 6 hearings."

FOMC: will raise rates 50 basis points Wednesday;

• market will slump because the market wants to see a raise of 75 basis points

Weird fact:

• oil is currently $120.50 / bbl or $157.50 higher than it was two years ago; and,
• folks are being told to hedge their "long oil" bets
• okay

I've moved but just for the summer: