Episode 94 - China stimulus | Exxon v. Chevron | Saudis long for Man U | Joe Biden Fracking ban

Published: Feb. 4, 2020, 3:05 p.m.

b'China to inject $174 billion of liquidity on Monday as markets reopen
https://finance.yahoo.com/news/china-inject-174-billion-liquidity-073630793.html
- markets are having a mixed reaction
- big sell off on Chinese market when it opened despite attempt at China to prop up market

A Tale of Two Oil Giants With Two Strategies That Aren\\u2019t Working
https://www.bloomberg.com/news/articles/2020-02-01/tale-of-two-oil-giants-with-two-strategies-that-aren-t-working?
- Exxon vs. Chevron: two different strategies. Chevron pursuing austerity. Exxon spending on cap ex.
- Q4 2019 earnings are not really the determinant of which strategy was the right one to pursue. We won\\u2019t know for 5-10 years.
- Jim Cramer says he\\u2019s \\u201cdone with fossil fuels. They\\u2019re done.\\u201d At the same time as he uses fossil fuels in his daily life.

https://www.wsj.com/articles/a-heated-oxford-education-11580680180

Amid global turbulence, Saudi Aramco weathers January better than industry peers
https://amp.arabianbusiness.com/amp/article_listing/aben/stocks/439089-amid-global-turbulence-saudi-aramco-weathers-january-better-than-industry-peers?
- Aramco isn\\u2019t trading like an IOC

Saudi Arabia still pining after Manchester United purchase, reports
https://amp.arabianbusiness.com/amp/article_listing/aben/sport/439094-saudi-arabia-still-pining-after-manchester-united-purchase-reports?
- Is MbS a huge ManU fan?
- is this even helpful for PIF\\u2019s goal?

Saudis Weigh Large Oil Cuts in Response to Coronavirus
https://www.wsj.com/amp/articles/saudis-mull-drastic-oil-cuts-in-response-to-coronavirus-11580728630
- market doesn\\u2019t care
- trading off of demand not supply
- Is OPEC risking writing itself into a corner by reacting to falling price with emergency cuts that don\\u2019t really raise prices?

Citi sees oil plunging as much as $18 on Coronavirus fears
https://business.financialpost.com/investing/citi-sees-oil-plunging-as-much-as-18-on-coronavirus-fears?
- Citi revises its oil price forecast DOWN by $10-$18 per barrel.
- Brent could go as low at $47/barrel predicts Morse
- How China handles the post-Coronavirus will play an important role in oil market recovery.

Don\'t count out ethanol this election season
https://www.desmoinesregister.com/story/opinion/columnists/iowa-view/2020/01/31/ethanol-thriving-four-years-after-supposed-iowa-caucuses-demise/2858941001/
- Tom Harkin was the last Democrat to win the Iowa Causes and not become the nominee.

Joe Biden Does Not Support a Fracking Ban - Rep. Conor Lamb and Harold Hamm on the politics of oil and natural gas drilling.
https://www.wsj.com/articles/joe-biden-does-not-support-a-fracking-ban-11580670403?mod=opinion_major_pos16
- will voters see fracking in the same way as democrat politicians in states that benefit from fracking do?
- States like Pennsylvania might benefit a lot from natural gas fracking but voters might not realize or care about the benefits the state has derived from this.

Ryan\\u2019s Iowa Prediction: Bernie Sanders wins the Iowa Caucus but doesn\\u2019t win the nomination.

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