Things We Will Be Talking About This Week -- November 13, 2022

Gasoline: in north Texas, Murphy Oil, down to $2.89 / gallon. My wife is thrilled.

• average in Los Angeles County, CA: $5.51 / gallon

WTI: Sunday night futures open up slightly but now trading over $89.

• up 23 cents; up 0.26%; trading at $89.19

Personal note:

• one of the better things for me about the blog: it gets me excited about the future of Texas and the future of the US (and oil and investing)
  
• best example in the past six hours: Texas relocation and Alliance

The story of the week: crypto. And this story has legs. This is a "run on the banks" without FDIC insurance. There are three components:

• crypto before the FTX crash;
• the FTX crash; and,
• crypto after the FTX crash.

• books will be written about the FTX crash, but the bigger story will be the week that follows. This week, November 14, 2022 -- November 18, 2022. 
• I haven't watched CNBC in months, maybe close to a year without watching CNBC, but I am really interested to see how the four panelists on Melissa's "Fast Money" show will spin this story. 
• A year ago, their banter on crypto covered the continuum, but, in general, they were cautiously bullish on crypto. Those panelists probably "made it safe" for a lot of naive small mom-and-pop retail investors to get into crypto.
  

Twitter: this will also be the week that Twitter turns the corner. In a good way.

Ukraine.

Oil: now that the world's two biggest producers have made their policies clear:

• US: "no more drilling"
• OPEC: "Saudi first"
• speaking of which: what's the status of "NOPEC"?
  

Oil:

• they say shale production is peaking;
• SPR releases have to come to an end, sooner or later;
• "Saudi first"
• "no more drilling"
• Iran could still target Saudi oil infrastructure
  
• China opens up, sooner or later;
• world population hits 8 billion people on November 15, 2022
• Russian sanctions become much more severe December 5, 2022
• even without sanctions, Russia
• has lost huge manpower base 
• has lost all (?) western oil field services 
• has lost all (?) western technology for drilling
  
• reminder: Russia didn't even have the expertise to repair one Nord Stream turbine
  

COP27: the 1.5°C climate target is dead.

• Biden arrives. For an 80-year-old man, he sure gets around.

The Dallas Cowboys.