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Tuesday, December 13, 2022

Clearing Out The In-Box -- December 13, 2022

Apple: wants to triple phone production in India. Link here.

Russian oil: headed to Asia. That's fine. It's all become much clearer.

  • Three suppliers:
    • US
    • OPEC (Saudi Arabia, Iraq for oil; Qatar for natural gas; Iran, the wild card, for tension)
    • Russia (lack of technology; long term, a really huge problem)
  • Consumers:
    • Europe: the biggest new market, short term, five year
    • Asia: Saudi's domain; won't cede that market to Russia; the US a non-player
    • India: a fight between Saudi and Iraq for that market; currently Iraq #1; Saudi, #2.
    • US: has been energy independent for quite some time; will stay that way "forever";
  • Big winner: US.

Russian oil: the discussion -- is it 3 million bopd or 1 million bopd of Russian oil headed to China?

Housing: well, that seems transitory.

Transitory: no one ever did provide a definition, or the "length of time" that would be transitory or not.

Fuel efficiency: GM, Stellantis -- rank as worst; link here.

  • fuel efficiency: down (bad)
  • CO2 emissions: up (bad) -- for those folks concerned about such things; I'm not.
  • I was surprised to see Hyundai Motor on this short list.

Road to New England: link here.

Net imports: the highest I've seen is 24%. 

Back on September 19, 2022 -- only three months ago:

Now, today:



We'll have to come back to this.

  • market open;
  • huge rainstorm here in north Texas
  • tornado alert: everyone to move into shelters -- alert, until 8:45 a.m. CT.
    • schools: will shelter in placce 
    • tornado alarm siren is now blaring -- I haven't heard this siren in more than two years

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