Locator: 45171MISC.
Dow up 160 points at the open. [Later: up over 200 points.]
Tech down.
WTI up; over $76.
Murban crude at $80.92.
US crude oil supply in days: 27.9 (unchanged). No shortage. Chokepoint: refiners, regulations, recession.
Start to see small sector rotation. Benzinga. OXY, CVX, COP.
CHIPS: how Samsung and Texas Instruments made Texas the hub of US chip manufacturing. Link here.
JNJ earnings out. Nice.
Lithium: Arkansas. Magnolia. Smackover. Texas to Florida.
Big story today: Dubai. Later.
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More Supercomputers
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Chips
Texas. See link above.
Austin. Sherman.
Biden's $52 billion CHIPS and Science Act, 2020.
Since then: 50 new semiconductor projects have been announced; $210 billion.
- Texas cut: $61 billion; six projects to create more than 8,000 jobs.
- June, 2023: Texas incentives -- $4.1 billion
- Samsung, TI, Infineon, GlobalWafers, NXP, X-FAB, Applied Materials -- ramping up
- Apple, Amazon -- greenfield projects
Much more at the link
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Preferred Oils
From November 11, 2020:
At oilprice, the Murban price has a one-day delay. Currently Murban is priced at $42.89, up $2.11, right in line WTI yesterday. See Murban at wiki. Almost identical to WTI, but not as light as Bakken.
- Bakken: 36° to 44° (link here)
- Murban: 40.2°
- WTI: 39.6°
- Brent blend: 38.3°
- Light Louisiana Sweet: 35.6°
- Saudi Arabia light: 34°
Remember: we now have WTI Midland. See RBN Energy. Archived.
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