Summer: Day 54 — July 20, 2023

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.