Odds And Ends -- March 16, 2023

So much for all those Apple air tag lawsuits, LOL. Link here: 


EVs today:

• Lordstown (RIDE): down 2.54%. Trading at 72 cents.
  
• Nikola (NKLA): up 1.5%. Trading at $1.67.
  
• ARVL: up 2.5%. Trading at 17 cents.
  
• LCID: up 3%. Trading at $7.62.
  
• RIVN: up 1%. Trading at $13.16.
• FSR: down 1%. Trading at $6.07.
• GOEV: up 1.5%. Trading at 57 cents.
• F: flat. Trading at $11.73.

China's Saudi-Iran diplomatic deal: link here.

• I think, for now, I will follow Peter Zeihan's lead on this. Link here.

The 21st century: America's century. Link here.

Direct to Rigzone / Bloomberg, and archived:

Europe is set to import a record amount of American crude this month, relying increasingly on larger tankers as sanctions on Russian oil upend global trade routes.

Ships hauling as much as 1.84 million barrels a day are set to arrive from the US Gulf in March, tanker-tracking data compiled by Bloomberg show. Meanwhile, smaller vessels are getting costly with more being booked to transport Russian oil for journeys to Asia.

The trade boom is another byproduct of Russia’s war in Ukraine — and sanctions that the west slapped on Moscow in reaction to it. The shift probably makes the fleet less efficient, thereby eroding the total supply of tankers, which transport roughly 40% of the world’s oil.

Or Saudi Arabia could simply buy every EV manufacturer in the US and call it a day, link here: