$82 Brent remains an ambitious average price target for H2 - more or less seasonal draws ahead or not. @staunovo

It was the same experience in Switzerland for my Model S in 2014, for years. $TSLA remains a chaotically managed startup with an overhyped stock.

Not that I care much about the @IEA opinion but I sure agree with the below statement. We will have „corridors“ of prolonged (>18 months) bull or bear cycles in oil but the reality is that structural setups (multi years) in commodities are rare.

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Most online (or offline) business in open economies are by definition „zero-moat“ businesses. Food delivery is no exception. Covid‘s s-t fiscal & monetary policies or above-trend lockdown orders just created a speculative mirage that has come to an end.

Rishi Sunak has slammed the Labour party’s energy policy, warning that its plan to end new licenses for North Sea oil and gas drilling would “jeopardise 200,000 jobs”…

Rheinmetall ist top.

H/t @z_or_zee

Brad Setser is a thoughtful person & trade advisor to the current administration. He talks about everything from the US-China trade imbalance to the impact of sanctions on the world economy to China's electric vehicle, plane production, USD etc

China's steel making PPI declined by 17.6% year on year, while down 4.2% month on month in May, according to the data released by China's National Bureau of Statistics (NBS). #China

Fernando understands the local politics best since day one. #TAL #PTAL @Petro_Tal

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The CCP subsidized consumption for years too…! Outstanding unsecured consumer loans (ex mortgages) stand at CNH 17.24trn ($2.42trn) in 2022 from CNH3.96trn in 2013, an annual average increase of 22.2%. Now imagine what’s happening to NPLs. #China @foxglobalinvest

“We could throw a trillion dollars a year at the defense budget now, and we’re not going to get a meaningful increase in traditional military capabilities in the next five years. They cannot be produced.” ⁦@Halsrethink⁩ h/t ⁦@UrbanKaoboy⁩

Chinese car inventories „above the alert line“, up 15% month over month. @INArteCarloDoss @UrbanKaoboy

Fire up the grill..!? Propane prices haven't started summer this low since the Covid lockdown 3y ago. #Propane

Ja Prost. Die Sprachverwendung der ARD erinnert an sehr böse Zeiten: „Reiche“; „Zugriff“; „Gemeinwohl“..! @DasErste @DrastikThomas @MinCritical

Was likely a hit of its smoke launchers, if loaded. The box behind is the electrics control. Hit was behind main armor; by design harmless for crew. I’d be disappointed if crew wasn’t able to drive this baby (albeit with manual turret control) home for 4h repairs. @Purtova_aa

2/2 @marcfriedrich7 @DrastikThomas

Hier der Text 1/2 @ChristophCanne @MinCritical