C.C.Excellent presentation.
I was stuck behind a school bus the other day which was taking students back to their homes; an agonizing crawl. To add to the insult the bus was spewing oodles of thick black diesel fumes. This has to end soon I thought, preferrably in my own lifetime. Then I saw the gas station across the street where the diesel price was prominently displayed: $2.25 per litre !!! That is $8.52 a gallon or in USD
$6.65.
Check out the TCO in today's presentation. I anticipate the transition will be speedier than we thought once things get rolling.
To the extent that Shangai was the main impediment in the supply chain we know that omicron can spike up very fast and then dive down even faster.
Today's market reaction will be more in response to the FOMC.
Cheers