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Tag: tech AI Corning GLW oil export records
Two completely different commodities / investing opportunities, oil and fiber, but they really, really, really stood out yesterday.
US oil exports: if we're all on the same page, measuring the same thing, this is huge. Here is the link to US oil exports. It is seldom that the US reaches 4 million bbls of oil per day, and the total exports in May generally run in the millioin bbls of oil. It's now being reported that "Hormuz disrutpion drove American crude oil exports to all-time high in May, 2026 (link to sgpglobal)": 5.6 million bopd in May. Again, if we're measuring apples-to-apples and I'm reading the data correctly that is astonishing.
Tech / AI: without question, the big story coming out of the Apple WWDC keynote speech yesterday and tech news in general was all about Apple, Amazon, Google, Corning (GLW), and Nvidia. Of these five, it's Corning (GLW) that should be getting everyone's attention. Based on what I know about Corning, there is (and there will be) no shortage of raw material / feedstock for fiber -- it's just a matter of how fast Corning can manufacture fiber from sand. See Shay.
Query: it appears that Amazon and Corning are currently the big stories for investors coming out of AI right now. So, what's the story?
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