Episode 148 - Crude slips from $70 | U.S. becomes India's second biggest oil supplier

Published: March 16, 2021, 6:30 a.m.

b'Brent crude slips from $70 as outlook brightens but inflation weighs
https://www.reuters.com/article/us-global-oil/brent-crude-hits-70-as-china-energy-demand-outlook-brightens-idUSKBN2B703D
- China buying from allies and enemies in the Middle East
- Will China reshape foreign policy in the Middle East
- Iranian oil sales to China saved Iran during sanctions
- We are still 20,000 flights under where we were pre-pandemic

Crude to $100: Trader makes the case for a spike in oil prices
https://www.cnbc.com/amp/2021/03/13/crude-to-100-trader-makes-the-case-for-a-spike-in-oil-prices.html
- Consumer couldn\\u2019t withstand this
- OPEC+ monthly meeting prevents this
- It\\u2019s not like we can\\u2019t increase the drilling. We can.
- Consumers don\\u2019t have the same wealth to withstand higher oil prices

U.S. becomes India\'s second biggest oil supplier, Saudi plunges to No. 4
https://www.reuters.com/article/india-oil-imports/u-s-becomes-indias-second-biggest-oil-supplier-saudi-plunges-to-no-4-idUSKBN2B70LR

US picks up pace of drilling permit approvals
https://www.argusmedia.com/en/news/2195167-us-picks-up-pace-of-drilling-permit-approvals
- Is Biden now the oil President?
- What\\u2019s going to happen between the end of the 60 day moratorium and when they issue their report on the entire process in \\u201cearly summer\\u201d?

Cobalt prices soar as China stockpiles metal used in smartphones, electric car batteries
https://www.scmp.com/news/china/diplomacy/article/3125373/cobalt-prices-soar-china-stockpiles-metal-used-smartphones
- Is this how Tesla ends? Tesla has a factory in China and either Elon Musk will say something bad or China will say we don\\u2019t need you anymore
- Battery life and grid resiliency is not the only limiting factor in EV adoption here \\u2014 so is Cobalt, 70% of which is transported between DRC and China through South Africa

Three ships carrying U.S. ethanol head to China - sources
https://www.reuters.com/article/us-usa-ethanol-china-exclusive/exclusive-three-ships-carrying-u-s-ethanol-head-to-china-sources-idUSKBN2B02JN

To go electric, America needs more mines. Can it build them?
https://www.reuters.com/article/us-usa-mining-insight/to-go-electric-america-needs-more-mines-can-it-build-them-idUSKCN2AT39Z
- No, because flowers and thirsty squirrels. Really.

Check out How a Fake Saudi Prince Stole $8M from Investorsryan
https://www.vanityfair.com/video/watch/true-crime-how-a-fake-saudi-prince-stole-$8m-from-investors

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