Busy, Busy, Busy Day -- January 18, 2024

Locator: 46575B.

So many "unexpected" data points today. 

Blue skies are here again, a musical interlude.

On the desktop today:

• oil surplus, 2023, unexpected;
• oil demand;
  
• France gets it;
• Europe's solar crisis;
  
• jobless claims; what a great country.
  
• money to be made; lots. Amazing. I've never seen a chart like this.
  
• PLUG; posted below.
  
• EVs;
• Birkenstock;
• TSM;
• chipmakers;
• electricity;
• monthly retail sales; most amazing chart.
  
• my favorite chart;
• China's energy problem; 
• most irritating commercial right now: Peyton Manning's Bud Lite, buying for the bar.
  

EIA petroleum report, link here: not reachable after embargo. Now being told that report has been delayed for 30 minutes.

• US crude oil in storage: decreased by 2.5 million bbls; now at 3% below five-year average;
  
• US crude oil imports: 6.6% more, y/y;
  
• refiners: 92.6%;
  
• distillate fuel: increased, and now only 3% below the five-year average;
  
• jet fuel supplied: up an astounding 6.2%, y/y -- and this is the slow season for flying; only ones flying at this time -- business travelers.

Days supply, US, crude oil: 25.9 days. Link here.

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PLUG

Link here.

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