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