Sunday, November 7, 2021

In "N Out: Clearing Out The In-Box -- November 7, 2021

WTI: come Monday morning, expect to see $85-WTI. Yes, I know, it's a fool's errand to predict oil prices. Link here.

US equity markets: come Monday morning expect to see new all-time records.

************************
In 'N Out: Clearing Out The In-Box

Congressional calendar. Link here, a pdf will download.   

Apple: future Apple Silicon Macs will use 3nm chips with up to 40  cores. Intel still trying to make 10-nm chips.

From social media:

  • PXD ends hedging. Link here.
  • Russia stopped sending natural gas to Germany over the weekend. Link here.  
  • Infrastructure bill to be paid with oil profits. Link here. And, here.
  • Coal is dead! Long live coal: Chinese coal output sets new record. Link here.
  • Qatar orders six new LNG vessels. Link here.
  • Looks very cold. Got natural gas? Link here.
  • Productivity? What's this all about? Link here.
  • Congress with bill to stop banks financing fossil fuel plans. Link here.
  • The only thing we can do is laugh, it's that bad. Link here.
  • MPC: will seek private-sector fuel storage options in Mexico. Link here
  • Woke: EOG will launch carbon capture project in 2022? Link here.

From others:

Warren Buffett:

Personality of the day: Sterling Hayden

China Is Emptying Reserves To Meet Demand Amid $85-Brent -- November 7, 2021

Link here.

The first graphic is misleading; the second graphic is eye-watering.

Sunday Morning: Top Stories Completed And Posted -- November 7, 2021

Link here.

Grand Forks: The Chinese Are Coming .... With Money -- November 7, 2021

Link here. The lede:

A Chinese company has chosen Grand Forks as the site of a manufacturing facility that city officials said Saturday could be the largest private sector investment in the community’s history.

Fufeng Group Ltd. picked an approximately 370 acre site in Grand Forks’ agri-business park. The facility is expected to initially require 25 million bushels of corn annually.

The announcement did not give the size of the investment or specify which products will be made there. Fufeng makes products for the animal nutrition, food and beverage, pharmaceutical, health and wellness, oil and gas, and other industries. It’s a leading producer of xanthan gum. This will be its first U.S.-based manufacturing facility. 

Data points:

  • construction: up to 1,000 workers for up to three years;
  • once operational: 233 direct jobs and 525 indirect jobs

Graph Of The Day -- The Road To New England -- November 7, 2021

Link here.

I remember folks telling me that it will be inexpensive to charge EVs during the night ....

Bill Maher has it right.