SPR releases>>

Not surprising China wants favors from the US to help...weak move asking China
5M from India

I wrote that #India would only release a token amount if any, as they are rightly trying to build out their own SPR this week..no surprises here either >>

Might release...its voluntary

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More from @chigrl

12 Oct
#CCP >> #China to outlaw all news outlets not funded by Communist Party
telegraph.co.uk/world-news/202… Image
You want to know what is so crazy about this? The US is about two bills away from this insanity.
Vote. Get local.
Read 4 tweets
4 Oct
So hear me out here....

Everyone is worried about the commodity sector due to Evergrande fallout & what that means for new construction demand.
I get that.
However, as far as commodities are concerned. I propose an alternative view. 1/4
China's energy crisis has proven to be a weakness in Xi's priority for China to achieve energy security. Politically this is a disaster. 2/4
In order to avoid this cataclysm, China needs to rebuild and expand its entire power grid and its strategic reserves. China does not currently have the interconnectivity that most other countries do. So what is needed to fix this problem now that forefront of their agenda? 3/4
Read 4 tweets
28 May 20
A brief, fun history on commodites
Sumer is thought to be the world’s oldest civilization that traded commodities somewhere between 4500 and 4000 BC
The Amsterdam Stock Exchange in 1530 is often called the world’s first stock exchange. However, before it was a stock exchange, it operated as a market for the exchange (we know this from Tulip Mania)
BUT earliest RECOGNIZED futures trading exchange is Dojima Rice Exchange, established in 1710 in Japan for the purpose of trading rice future. (You traders may recognize the doji name..candlestick patterns came from here)
Read 7 tweets
16 Dec 19
Overnight Dec PMI's 🥶
Japan Manufacturing: ⬇️48.8 v 48.9
Japan Services: ⬆️50.6 v 50.3
Japan Composite: ↔️49.8 v 49.8

Australia Manufacturing: ⬇️49.4 v 49.9
Australia Services: ⬇️49.5 v 49.7
Australia: Composite: ⬇️49.4 v 49.7
EZ Manufacturing: ⬇️45.9 v 46.9
EZ Services: ⬆️52.4 v 51.9
EZ Composite: ↔️50.6

Germany Manufacturing: ⬇️44.6 v 45.2
Germany Services: ⬆️52.0 v 51.7
Germany Composite: ↔️49.4

France Manufacturing: ⬇️50.3 v 51.7
France Services: ⬆️52.4 v 52.2
France Composite: ⬇️52.0 v 52.1
UK Manufacturing: ⬇️45.8 v 49.1
UK Services: ⬇️49.0 v 49.3
UK Composite: ⬇️48.5 v 49.3
Read 4 tweets
27 Nov 19
TCP Petrochemical plant in Texas >>EXPLOSION, FIRE BURNING AT PORT NECHES PLANT EARLY WEDNESDAY
12newsnow.com/article/news/l…
This site produces butadiene and raffinate. Combined production capacity for this facility is more than 900 million pounds per year. (both these chemicals are pretty nasty)
update:

EMERGENCY OFFICIALS GIVE AN UPDATE ON CHEMICAL MANUFACTURING PLANT EXPLOSION & FIRE IN PORT NECHES, TEXAS: ▪️ 3 PEOPLE INJURED, NOW RELEASED FROM HOSPITAL ▪️ PRIORITY IS FIRE CONTAINMENT, NOT TO EXTINGUISH IT ▪️ COAST GUARD & EPA ARE ASSISTING
Read 4 tweets

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