It's Been A Long Time -- $80 -- It's Not Perfect, But It's A Great Place To Start -- December 27, 2022

China: pivots. Opens. Travelers: no quarantine. No testing.

WTI: up 1.61%; up $1.28; trading at $80.84.

Gas Buddy: $4-gasoline by May, 2023. Link to Alex Kimani.

Last week, the Bank of America predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve and a “successful” economic reopening by China. 

BofA has forecast that Brent prices--currently trading at $84.62--will average $100/bbl in 2023 thanks to Chinese oil demand recovery on a post-COVID reopening coupled with a drop in Russian supplies of about 1 million barrels per day (bpd).

According to the investment bank, OPEC+ is likely to fully implement a 2 million bpd output cut in a bid to boost oil prices.

***********************
The Apple Page
An Easter Egg

What your new iPad can do.

Thirteen things.

Most interesting. I did not know this until now.

#6: Quick Notes:

With iOS 15, Apple added a handy Quick Notes feature to the ‌iPad‌ that's designed for jotting down notes without having to open up the Notes app. Quick Notes can be used with or without an ‌Apple Pencil‌, and the interface can be accessed at any time with a simple gesture: swipe up diagonally from the right hand corner of the screen.

***************************
Hard To Find
A Musical Interlude

Link.

Marvin Lee Aday and Ellen Folly