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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (9578)	4/30/2020 1:25:27 PM
From: berniel	Respond to of 26463

seekingalpha.com

To: Kirk © who wrote (9578)	5/1/2020 10:09:17 AM
From: robert b furman	1 Recommendation Recommended By benwood Read Replies (2) \| Respond to of 26463

Shell has become a big natural gas company,with liquefaction on the east coast Hudson Bay.Liquefaction adds to the costs and is all but noncompetitive. A lot of deliveries have been canceled of late. CVX wrote off 11 billion Marcellus east coast dry gas region) natural gas prices crashed before oil. The permian gas haswet gas ( the presence of ethene which can be converted into liquids and adds value to the gas). That's why CVX pulled out of the east coast' s dry gas. Both XOM and CVX have refineries that make more money out of the Permian's energy as they make natural gas, gas liquids and oil. Oil's low value products are diesel and gasoline. Diesel has actually grown in consumption with trucks taking away from trains. Gasoline is still very down in consumption but has been raising the last several weeks. With being able to divert oil to the SPR, it's money in the bank for the big vertically organized oil majors. Both CVX and XOM have exceptional credit ratings,and can afford to embrace debt, to sell their product at a later date for a higher price. The value of a solid balance sheet and tremendous advantaged assets. XOM's ability to make upgraded products with their colocated plastics plants,and export pipelines to Mexico (they almost sell as much to Mexico as Pemex creates). have all but eliminated any importing of oil (excepting Guyanna's deep water finds). CVX and XOM are very well capitalized and contrary to all the news this Covid 19 will decline and activity around the world will resume. This is the very best solution to the engineered glut of oil (at a most opportunistic time). We need to remember this bad deed, which was once again intended to break the shale oil revolution. Chevron, Exxon, others rent emergency space on U.S. SPR - Reuters Apr. 30, 2020 12:39 PM ET\|About: Chevron Corporation (CVX)\|By: Carl Surran, SA News Editor Nine oil companies including Chevron (NYSE: CVX), Energy Transfer (NYSE: ET), Equinor (NYSE: EQNR) and Exxon (NYSE: XOM) have agreed to rent space to store 23M barrels of crude in the U.S. Strategic Petroleum Reserve, Reuters reports, citing an unnamed U.S. official. Companies storing oil will be allowed to keep it in the SPR through March 2021; terms of the lease contracts are not known. The Department of Energy has said it is continuing to work with Congress on finding ways to lease more space in the SPR, as the Trump administration tries to help the industry deal with crashing oil prices. I say tariff the hell out of middle east and Russian oil. Have our military pull out of Saudi Arabia and if they are ever needed again to save their assets (oil fields), present them with a several trillion dollar bill that can be paid back with a 50 % surcharge of the oil sold. They'll never flood the market again! These people are backbiting friends/allies. They are never to be trusted. The US is the only country that can build an SPR big enough to win any major war. Our nuclear aircraft carriers and subs will be the last survivors of any war. In between oil in the SPR is money in the bank (that supposedly can be there till March or May? of 2021) If someone wants to have a war we'll be the winner. The same goes for biological warfare - China needs to have a world tariff imposed to payoff their sloppiness or bad intentions - no matter which. A global deterrent needs to be doled out! Bob

To: Kirk © who wrote (9578)	5/1/2020 8:02:49 PM
From: Investor2	1 Recommendation Recommended By Winfastorlose Respond to of 26463

Newsweek Story:DR. FAUCI BACKED CONTROVERSIAL WUHAN LAB WITH MILLIONS OF U.S. DOLLARS FOR RISKY CORONAVIRUS RESEARCH BY FRED GUTERL ON 4/28/20 AT 2:57 PM EDT newsweek.com Dr. Anthony Fauci is an adviser to President Donald Trump and something of an American folk hero for his steady, calm leadership during the pandemic crisis. At least one poll shows that Americans trust Fauci more than Trump on the coronavirus pandemic—and few scientists are portrayed on TV by Brad Pitt. But just last year, the National Institute for Allergy and Infectious Diseases, the organization led by Dr. Fauci, funded scientists at the Wuhan Institute of Virology and other institutions for work on gain-of-function research on bat coronaviruses. In 2019, with the backing of NIAID, the National Institutes of Health committed $3.7 million over six years for research that included some gain-of-function work. The program followed another $3.7 million, 5-year project for collecting and studying bat coronaviruses, which ended in 2019, bringing the total to $7.4 million. Many scientists have criticized gain of function research, which involves manipulating viruses in the lab to explore their potential for infecting humans, because it creates a risk of starting a pandemic from accidental release. SARS-CoV-2 , the virus now causing a global pandemic, is believed to have originated in bats. U.S. intelligence, after originally asserting that the coronavirus had occurred naturally, conceded last month that the pandemic may have originated in a leak from the Wuhan lab. (At this point most scientists say it's possible—but not likely—that the pandemic virus was engineered or manipulated.) Dr. Fauci did not respond to Newsweek's requests for comment. NIH responded with a statement that said in part: "Most emerging human viruses come from wildlife, and these represent a significant threat to public health and biosecurity in the US and globally, as demonstrated by the SARS epidemic of 2002-03, and the current COVID-19 pandemic.... scientific research indicates that there is no evidence that suggests the virus was created in a laboratory." The NIH research consisted of two parts. The first part began in 2014 and involved surveillance of bat coronaviruses, and had a budget of $3.7 million. The program funded Shi Zheng-Li, a virologist at the Wuhan lab, and other researchers to investigate and catalogue bat coronaviruses in the wild. This part of the project was completed in 2019.