Maverick

[First Squawk @FirstSquawk]

ABOUT FIVE OF TEN U.S. VOTERS IN THE NOV. 8 MIDTERMS SAY THEIR FAMILY'S FINANCIAL SITUATION IS WORSE THAN IT WAS TWO YEARS AGO, TWO IN TEN SAY IT IS BETTER AND ABOUT THREE IN TEN SAY IT IS ABOUT THE SAME -EDISON RESEARCH EXIT POLL

[RNC Research @RNCResearch]

REPORTER: “Biden made a pledge last night…to approve ‘no more drilling’ for oil. But does he see that as being in conflict with his efforts to lower gas prices?”

KARINE JEAN-PIERRE: “So, no we don’t see that in conflict.”

[Josh Young @JoshYoung]

"we don't see 'no more drilling' in conflict with @JoeBiden seeking lower gas prices" - what???
https://t.co/hmWSxqpHgW

[Franco Terrazzano @franco_nomics]

Watch my exchange with a Liberal MP at the finance committee over what really concerns Canadians👇

[The DEEP Marcellus @InvestInOnG]

Few…3035…thank goodness he’s come to his senses.

[Eric Nuttall @ericnuttall]

Is this not enough???

[Martin Pelletier @MPelletierCIO]

So good. @elonmusk h/t @RampCapitalLLC

[Max Anderson @MaxAnderson]

$100 billion of new liquidity was added to the US economy today

⬆️ $75bn from Reverse Repo
⬆️ $25bn from the Treasury

That's an entire month of "QT" (Fed bal sheet reduction) canceled out in a single day

If you aren't watching RRP & TGA, you're missing the entire show

[ECHL Week @ECHLWeek]

Four shutouts (four!) in the ECHL on Saturday night. We're going with the @KalamazooWings goalie who stopped 'em all for our #ECHLWeek #FlashingTheLeatherAward.

[Andrew Lawton @AndrewLawton]

Ontario Provincial Police Chief Superintendent says Emergencies Act was not necessary for police to break-up Freedom Convoy, even on same timeline. So not only did police not ask for it, but they're saying on record they didn't need it.

[Juno News @junonewscom]

OPP Chief Superintendent Carson Pardy says that there was a police solution to ending the Freedom Convoy and it could’ve been done in the same time period without the Emergencies Act invocation.

#POEC

[RNC Research @RNCResearch]

BIDEN: "Over a billion, 200, a trillion, 200 billion dollars!"

[Eric Nuttall @ericnuttall]

Despite the largest release from strategic stockpiles in history, US petroleum inventories still fell. What happens in ~2 months when the SPR releases end???

[Eric Nuttall @ericnuttall]

We will, I believe, consume hydrocarbons for the rest of our lifetimes, and at quantities far in excess of what is commonly believed. This has a profound impact on the value of long-dated reserves, for which you pay nothing today, as companies can privatize in ~4-5 years with FCF

[Eric Nuttall @ericnuttall]

Similarly, what do electric cars drive on? Rubber tires and asphalt…both made from…oil. Why does this matter? Ignorant “sunset industry” belief = suppressed trading multiples for energy stocks. Key to re-rating? Ending energy ignorance.

[Eric Nuttall @ericnuttall]

Amazing stat: the market for lubricants, essential to electric cars and wind turbines, is HUGE at 60% the size of the entire edible oil (olive, soybean,etc) market [source: How the World Really Works]. Tell me again how oil demand is going to zero, even as we “transition”???

[Christopher F. Rufo ⚔️ @christopherrufo]

Parents in Dearborn, Michigan, are holding a mass rally to get radical gender theory out of their schools.

"We as parents ... are responsible for our children. The progressive dogma ... will not indoctrinate our children."

[Otavio (Tavi) Costa @TaviCosta]

Energy stocks vs. S&P 500 ratio just poked its head out of a 14-year resistance.

Commodities producers continue to look fundamentally cheap relative to financial assets.

[Real Vision @RealVision]

"While oil is spilling with the SPR... Oil stocks are not..."