209 - Xi Jinping to Visit Saudi Arabia | UAE is still in the oil business | Will gas prices impact the midterms

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China’s Xi Jinping to Visit Saudi Arabia Amid Global Reshufflinghttps://www.wsj.com/articles/chinas-xi-jinping-to-visit-saudi-arabia-amid-global-reshuffling-11667818979Chinese-Saudi relationship is developing beyond oil. Not sure exactly where that will come. Perhaps tourism? It's not an attempt to push out the US from its position with Saudi Arabia. but China definitely won't criticize Saudi Arabia. Energy Sticker Shock Grabs Spotlight Before Midterms

https://www.wsj.com/articles/energy-sticker-shock-grabs-spotlight-before-midterms-11667817002

More than 50% of Americans said their number 1 concern is the price of gas and consumer foods. 25% said the cost of housing and rent is their biggest concern. Shows that Americans are REALLY concerned about the cost of the living. Will this translate into a win for Republicans in midterms? Or will Biden try to push the windfall tax on oil companies?

GAS PRICE DECLINE HALTS AS GREAT LAKES SOARS

GAS PRICE DECLINE HALTS AS GREAT LAKES SOARS

Price of gasoline finally starting to decline, though diesel supplies remain tight in the North and Northeast.

China Weighs Zero-Covid Exit But Proceeds With Caution and Without Timeline https://www.wsj.com/articles/china-weighs-zero-covid-exit-but-proceeds-with-caution-and-without-timeline-11667826209 Is this a result of poor economic results?

What would this do to China's oil consumption?--> also read: "I spent 10 days in a secret Chinese Covid detention centre" https://www.ft.com/content/77622627-9433-445a-a763-a547b77b58ed

UAE will remain oil and gas supplier as long as there is need https://www.reuters.com/world/middle-east/uae-will-remain-oil-gas-supplier-long-there-is-need-president-2022-11-07/Never Too Early to Prepare for Next Winterhttps://www.iea.org/reports/never-too-early-to-prepare-for-next-winterIEA recommends "more rapid deployment of energy efficiency measures, renewables and heat pumps is needed to reduce the risk of a worsening energy and gas crisis." These are not policies that will help. Could suggest building more LNG regasification terminals.Ryan's Latest:

The Permian Basin Has a People Problem: https://www.yahoo.com/video/permian-basin-people-problem-043000319.html