Locator: 3320022A.
Briefly:
- mRNA
- Ukraine
- crypto
- diesel
- coal
- LNG
- WTI
- US policy: "no more drilling"
- Prince MBS: "Saudi first"
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2022
December 4, 2022, added:
- Apple: re-shoring; leaving China
European de-industrialization:
- October 9, 2022 -- where this theme will be followed.
This was originally posted July 14, 2022, link here, but somehow the link was broken / lost. Nothing new here, just some housekeeping.
For the blog:
- a new "2022 Themes": "not the future" -- things we're not going to see despite "group think"
Bullish:
- the way WTI has performed in past thirty days has been absolutely perfect for investors
- will explain later
- Buffett has it figured out
- see RBN Energy below
Gasoline demand: wow!
- stand-alone post here.
- possible explanation? I don't buy it (no pun intended)
- to be clear, I don't "accept" the possible explanation
Diesel: with regard to US energy, this might be the big story for 2022;
Coal:
- Germany:
- solar farm removed for coal mine
- village to be destroyed for coal mine;
- India:
Dire:
- before twitter went down this a.m., everything pointed to deteriorating conditions:
- energy situation in Europe;
- war in Ukraine;
- US economy;
- Tesla: Karpathy departs; gives no reason; amicable separation apparently;
- Tesla's head of AI is out; at The Verge;
- Karpathy is Tesla's AI
- Tesla without AI is just another car company -- Elon Musk
- PEMEX: link at twitter;
Wages:
- inflation: 9.1%
- real hourly wages: down 4.1%
Wages? What inflationary pressure. Link here: real hourly earnings hit a new all-time low.
Crypto:
- third miner files for bankruptcy: Celsius
- big question: how does this affect two miners coming to MonDak?
- minor (pun intended): three bankruptcies; is this the end for crypto, or is this simply good miners pushing out bad miners?
- worse news: depositors will lose their entire holdings.
- FTX: fails; $32 billion lost (literally) overnight.
LNG:
- COP to take 30% stake in Sempra's Port Arthur LNG project; link here; and, press release here;
Aluminum cans:
- as if we didn't have enough to worry about -- California's recycling program crumbles
- beer industry will struggle without aluminum cans
- affects small brewers
- almost reads like a press release from glass bottle suppliers;
- I don't see a problem
- I won't drink from a can if given a choice, and I never buy beer in a can; always bottles;
OXY: Buffett is nearing the "magic" 20% mark
- at 20%, everything changes
- OXY's net income expected to exceed $10 billion this year
- link here.
- at 20%, the threshold that would let it record its proportionate share of Occidental's earnings with its own results, known as the equity method of accounting.
- also owns $10 billion of Occidental preferred stock that throws off $800 million of annual dividends, and has warrants to buy another 83.9 million common shares for $5 billion.
- Berkshire uses the equity method for its 26.6% stake in Kraft Heinz Co
- OXY's share price has doubled this year
- in 2010, Berkshire bought the BNSF railroad for $26.5 billion after earlier accumulating a 22.6% stake.
Climate:
- link here at twitter;
- if accurate, it changes everything;
- stand-alone here.
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