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The Fate Of Oil’s Torrid Rally Hinges On Trump’s Meeting With US Shale Producers Today: Here’s Why

The Fate Of Oil’s Torrid Rally Hinges On Trump’s Meeting With US Shale Producers Today: Here’s Why

Oil has staged a tremendous surge in the past 48 hours, largely on the back of speculation that Trump will “encourage” Saudi Arabia and Russia to pursue output cuts, even though as it subsequently emerged when Trump tweeted that the “hopes” to see an N-OPEC output cut, it was an “exaggeration” and wishful thinking more than statement of fact. However, whereas the initial rally – which send the price of oil soaring by 25% on Thursday, or the most ever – faded, the rally got a second wind on Friday following reports that the R-OPEC (Russia + OPEC) alliance of oil producers led by Saudi Arabia and Russia is set to debate production cuts of at least 6 million barrels a day Monday and consider inviting U.S. producers to participate, the WSJ reported citing OPEC country officials.

However, even that hypothetical best case outcome for oil bulls – and certainly the US shale industry – comes with strings attached, and the outcome of Monday’s virtual summit between OPEC, which Saudi Arabia effectively crushed one month ago when it decided to flood the market with oil, and non-OPEC nations “will largely depend on a discussion Friday between the White House and U.S. oil companies” according to the WSJ.

The reason: both Saudi Arabia and Russia are demanding that US shale producers, some of whom such as Whiting Petroleum have already filed for Chapter 11 protection yet continue to pump as normal, join the production cuts. As the WSJ reports, “Saudi Arabia and Russia won’t cut unless they get signals from U.S. producers they will reduce output, the officials said. But they added that official joint curbs would be more difficult to enact in the U.S. because of antitrust laws.”

…click on the above link to read the rest of the article…

“One Of The Worst Coverups In Human History”: MSM Attention Turns To Chinese Biolab Near COVID-19 Ground Zero

“One Of The Worst Coverups In Human History”: MSM Attention Turns To Chinese Biolab Near COVID-19 Ground Zero

In late January we asked whether a prolific Chinese scientist who was experimenting with bat coronavirus at a level-4 biolab in Wuhan China was responsible for the current outbreak of a virus which is 96% genetically identical – and which saw an explosion in cases at a wet market located just down the street.

For suggesting this, we were kicked off Twitter and had the pleasure of several articles written by MSM hacks regarding our ‘conspiracy theory’ – none of which addressed the plethora of hard evidence linked in the post. These are the same people, mind you, who pushed the outlandish and evidence-free Trump-Russia conspiracy theory for years.

Whether or not the virus was engineered (scientists swear it wasn’t) – it shouldn’t take Perry Mason to conclude that a virulent coronavirus outbreak which started near a biolab that was experimenting with — coronavirus — bears scrutiny. Could a lab worker have accidentally infected themselves – then gone shopping for meat at the market over several days, during the long, asymptomatic incubation period?

In February, researchers Botao Xial and Lei Xiao published a quickly-retracted paper titled “The possible origins of 2019-nCoV coronavirus” – which speculated that the virus came from the Wuhan biolab.

Now, mainstream outlets are catching on – or at least have become brave enough to similarly connect the dots.

Earlier this week, Fox News‘ Tucker Carlson suggested that COVID-19 may have originated in a lab.

And now, the Washington Times is out with a report titled “Chinese researchers isolated deadly bat coronaviruses near Wuhan animal market.”

…click on the above link to read the rest of the article…

All The Craziest Things About America Are Being Highlighted By This Virus

All The Craziest Things About America Are Being Highlighted By This Virus

“Corona is a black light and America is a cum-stained hotel room,” comedian Megan Amram colorfully tweeted a couple of weeks ago. Her observation has only grown more accurate since.

The corporate cronyism of America’s political system has been highlighted with a massive kleptocratic multitrillion-dollar corporate bailout of which actual Americans are only receiving a tiny fraction. Instead of putting that money toward paying people a living wage to stay home during a global pandemic, the overwhelming majority of the money is going to corporations while actual human beings receive a paltry $1,200 (which they won’t even be getting until May at the earliest) at a time of record-smashing unemployment.

America’s capitalism worship has been highlighted with Wall Street Journal headline “Dow Soars More Than 11% In Biggest One-Day Jump Since 1933” running at the exact same time as “Record Rise in Unemployment Claims Halts Historic Run of Job Growth — More than 3 million workers file for jobless benefits as coronavirus hits the economy“. Stocks are booming, Amazon is surging, and mountains of wealth are being transferred to sprawling megacorporations, while actual human beings are terrified of what the future holds.

America’s joke of a healthcare system is being highlighted as uninsured COVID-19 patients are racking up $35,000 medical bills and even insured COVID-19 patients are looking at out-of-pocket expenses in excess of $1,300. Combine this with the millions of Americans getting thrown off of employer-provided health insurance and you’re looking at a huge number of people who will avoid getting tested and avoid treatment as much as possible. Both heads of America’s two-headed one-party system have spent decades forcefully creating this dynamic.

…click on the above link to read the rest of the article…

“The Coming War On China”  –  Watch John Pilger’s Powerfully Relevant Documentary

“The Coming War On China”  –  Watch John Pilger’s Powerfully Relevant Documentary

“The aim of this film is to break a silence: the United States and China may well be on the road to war, and nuclear war is no longer unthinkable,” Pilger says in his 2016 documentary The Coming War on China, which you can watch free on Youtube here or on Vimeo here.

“In a few years China has become the world’s second-biggest economic power,” Pilger’s introduction continues. “The United States is the world’s biggest military power, with bases and missiles and ships covering every continent and every ocean. China is a threat to this dominance, says Washington. But who is the threat? This film is about shifting power, and great danger.”

As we’ve been discussing for years now, the relentless quest of the US-centralized empire-like power alliance for total world domination has put it on a collision course with the surging economic powerhouse of China which refuses to be absorbed into the imperial blob. The empire’s continued existence depends upon its ability to undermine China before it grows too powerful or the empire grows too weak to stop its ascent, at which point global hegemony becomes impossible and we are living in a truly multipolar world.

China has therefore always been the final boss fight in the global campaign of violence and domination by what Pilger calls the “empire which never speaks its name”. And the ramping up of anti-China narrative management by the US government indicates that we are being psychologically primed to accept this world-threatening confrontation, just as Pilger warned in 2016.

“The danger of confrontation grows by the day,” Pilger says.

…click on the above link to read the rest of the article…

Covid-19 Shatters the Facade of European Union

Covid-19 Shatters the Facade of European Union 

The new coronavirus and its accompanying disease Covid-19 has stopped the globe in its tracks. Governments, markets and news cycles have become dominated by the pandemic. Europe is now the epicenter for the disease, with reportedly more fatal cases of infection than China where the virus first erupted in December.

Several European Union countries have declared themselves states of emergencies, including Belgium, France, Portugal, Spain and Italy. The 27-member bloc has sealed off external borders. Some states, such as Poland, have begun closing borders with other EU members. Brussels, the administrative center of the EU, is alarmed because the much-vaunted single market and its core principles of free movement of goods and people is at risk of collapsing.

The European entity which proclaims solidarity and supranational status is reverting to a collection of nation states, each desperately fighting for their own survival amid the Covid-19 pandemic. EU leaders have been criticized for showing lack of central leadership and solidarity. When Italy first reported a surge in infections a few weeks ago, the rest of Europe was slow to respond with the necessary prompt assistance. Now Italy is such a grip of the disease – with thousands dead – that in some parts of the country normal funeral services reportedly cannot even cope with the number of deceased.

In blistering remarks this week, the Serbian President Alexander Vucic  lamented that there was “no European solidarity”. Serbia is a prospective member of the EU along with several other Balkan states, but Vucic said his country has received little in the way of aid from the EU in face of the coronavirus threat. Indeed, by contrast, the Serb leader extolled the generosity of China which has sent large shipments of equipment to combat the disease. Beijing has also dispatched aid cargoes and medical teams to Italy and other EU members to help them cope with their outbreaks.

…click on the above link to read the rest of the article…

As Iran Hits 20,000 Cases, US Says ‘Coronavirus Won’t Save You From Sanctions’

As Iran Hits 20,000 Cases, US Says ‘Coronavirus Won’t Save You From Sanctions’

Even amid a global pandemic that’s altering daily life as everyone knows it, and with borders shut, markets collapsing, and talk of mobilizing the military domestically, Secretary of State Mike Pompeo is keeping up the administration’s “maximum pressure” campaign on Iran. 

“The United States sent Iran a blunt message this week: the spread of the coronavirus will not save it from U.S. sanctions that are choking off its oil revenues and isolating its economy,” Reuters reports

Consider too the blunt headline to the report — U.S. to Iran: Coronavirus won’t save you from sanctionsThis as a top Iranian health expert warned his fellow citizens to brace for “millions” possibly killed as a result of the deadly pandemic. “Our policy of maximum pressure on the regime continues,” Brian Hook, the US Special Representative for Iranian Affairs, told reporters this week.

But as Spencer Ackerman reports, this policy will actually make the Covid-19 spread more dangerous for us all:

“We are not safe in any place until everyone all over the world is safe,” Paul Anatharajah Tambyah, the president of the Asia-Pacific Society of Clinical Microbiology and Infection, told the Wall Street Journal about a new wave of COVID-19 cases in east Asia.

“You have to facilitate these medical goods. Anyone who argues otherwise, or does otherwise, is a sociopath or a moron,” [bold mine-DL] said Jarrett Blanc, a former State Department official who monitored Iran’s compliance with the nuclear deal that the Trump administration abandoned. “The U.S. should be busting its ass to make sure permissible medical exports are available to Iran. It’s in our self-interest.”

The administration gleefully (and fanatically some would say) rolled out with new sanctions this week targeting over a dozen Iran-linked entities and individuals. 

…click on the above link to read the rest of the article…

The Inevitable Outcome Of The Oil Price War

The Inevitable Outcome Of The Oil Price War

Putin MBS

One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices in a full-scale oil price war, Russian President Vladimir Putin probably fell off the horse he was riding bare-chested somewhere in Siberia because he was laughing so much. There is a phrase in Russian intelligence circles for clueless people that are ruthlessly used without their knowledge in covert operations, which is ‘a useful idiot’, and it is hard to think of anyone more ‘useful’ in this context to the Russians than whoever came up with Saudi’s latest ‘plan’. Whichever way the oil price war pans out, Russia wins.

In purely basic oil economics terms, Russia has a budget breakeven price of US$40 per barrel of Brent this year: Saudi’s is US$84. Russia can produce over 11 million barrels per day (mbpd) of oil without figuratively breaking sweat; Saudi’s average from 1973 to right now is just over 8 mbpd. Russia’s major oil producer, Rosneft, has been begging President Putin to allow it to produce and sell more oil since the OPEC+ arrangement was first agreed in December 2016; Saudi’s major oil producer, Aramco, only suffers value-destruction in such a scenario. This includes for those people who were sufficiently trusting of MbS to buy shares in Aramco’s recent IPO. Russia can cope with oil prices as low as US$25 per barrel from a budget and foreign asset reserves perspective for up to 10 years; Saudi can manage 2 years at most.

…click on the above link to read the rest of the article…

US believes Russia was behind killing of dozens of Turkish soldiers in Syria

US believes Russia was behind killing of dozens of Turkish soldiers in Syria

BEIRUT, LEBANON (12:30 P.M.) – U.S. Secretary of State Mike Pompeo said on Tuesday that he believed that the Russian military was behind the killing of dozens of Turkish soldiers during an attack in Idlib earlier this month.

According to statement from Pompeo, he said he believes Russia was likely behind the killing of the Turkish soldiers, which was later blamed on the Syrian Armed Forces.

This attack later resulted in a large-scale retaliatory assault that was carried out by the Turkish military against the Syrian Arab Army (SAA) in the Idlib, Aleppo, and Latakia governorates.

Furthermore, Pompeo vowed to provide aid to Turkey after the killing of its soldiers.

“We are looking to provide aid to Turkey after the killing of dozens of its soldiers in Syria,” he added after the announcement of new sanctions against the Syrian Defense Minister Ali Abdullah Ayoub.

“Assume Everyone Is Infected”: US & Europe Wake Up To World In Lockdown As Death Toll Rises: Live Updates

“Assume Everyone Is Infected”: US & Europe Wake Up To World In Lockdown As Death Toll Rises: Live Updates

Update (0735ET): European newswires are reporting that European Commission President Ursula von der Leyen and European Council President Charles Michel have agreed on measures to potentially close or tighten the EU border. Those measures will be released in the coming hours.

So Brussels is finally throwing in the towel…

*  *  *

Update (0730ET): US Surgeon General Jerry Adams said Monday that the country will likely need 6-8 weeks for the virus to run its course.

If Europeans have anybody to blame for the continent-wide spread of the novel coronavirus, the European Commission should be pretty high on that list. Since the beginning, Brussels has advised member states to leave their borders open, arguing that closures within the Schengen Area are not the answer.

Unfortunately, the absurdity of this open-borders-at-all-costs philosophy has finally been exposed as Spain and France joined Italy in imposing a national lockdown, and Germany, Austria and Denmark joined the Czech Republic, Hungary (which announced its border closure just minutes ago) and Poland – where populists hold outsize sway – in closing their borders. The Czech Republic has also joined in the mass quarantine movement, sealing off some towns entirely.

In a leaked statement on Monday, Brussels doubled-down on its stance, saying that border closures are not the answer as France mulls shutting its borders after Germany announced its border closures on Sunday.

Italy’s neighbors have mostly shut their borders with the literal ‘sick man of Europe’.

Meanwhile, in China, health officials suspiciously warned on Monday that ‘imported’ cases of the virus are creating ‘uncertainties’ as the outbreak comes to an end.

So get ready for Beijing to blame foreigners for re-starting the epidemic (giving it fodder to reject international calls for Beijing to acknowledge some accountability for the outbreak) as doctors suddenly “discover” another 100,000 ill.

…click on the above link to read the rest of the article…

Black Swans, Dead Cats, Live Bats, and Goodbye to All That

Black Swans, Dead Cats, Live Bats, and Goodbye to All That


Had enough excitement yet? At least the stock markets are following an established script: the bubble pops, the elevator drops, for a while it stops… and then investments sink to the deepest sub-basement, where they linger for a long, long time. Hello, next great depression…. We know how that story goes, even if it hurts.

This corona virus is something else. It engulfs whole populations in a fog of confounding narratives. Is it no worse than a bad common cold, except for old folks already half-gone with chronic illness? Or does it really slam people even in the midst of life? Well, Wuhan hospital director Liu Zhiming, 51, went down two weeks ago, and gastroenterologist Xia Sisi, 29, and Dr. Peng Yinhua, also 29, and some prominent Iranian politicians, and lots of very sick healthcare workers from Korea to Italy. Whatever corona virus is, I’m not persuaded that it’s a hoax.

One monster banging around in that fog is the narrative that China started this thing simply to get rid of Mr. Trump. There’s a real baby-and-bathwater proposition. Would China, in effect, blow up its export economy for that, i.e. commit suicide? Because a lot of those prior arrangements will probably not come back — the manufacturing supply lines for this-and-that, the fabulous cornucopia of plastic goodies extruded from all those smoking factories and flushed out to the world, the whole glorious let’s-get-rich extravaganza that Deng Xiaoping kicked off forty years ago. It’s looking like the global economy is on the rocks, perhaps for good, as we knew it. Is China as plumb crazy as, for instance, America’s political Left?

…click on the above link to read the rest of the article…

Goodbye to All That: The Demise of Globalization and Imperial Pretensions

Goodbye to All That: The Demise of Globalization and Imperial Pretensions

The decline phase of the S-Curve is just beginning.

Globalization and Imperial Pretensions have been decaying for years; now the tide has turned definitively against them. The Covid-19 pandemic didn’t cause the demise of globalization and Imperial Pretensions; it merely pushed the rickety structures over the edge.

It’s human nature to reckon the current trend will continue running more or less forever, and that temporal, contingent structures are permanent. Globalization flourished because a unique set of conditions created fertile ground for the transfer of production to China and other emerging economies and the global expansion of the magic elixir of skyrocketing consumption, credit.

Credit-starved economies which are suddenly flooded with credit (for example, China) experience an explosion of investment in production, infrastructure and in business and household consumption.In this boost phase of globalization, capital flows from stagnant developed economies to emerging economies to earn higher returns, and production moves to these low-cost economies to take advantage of low labor costs and lax environmental standards.

It’s a win-win dynamic for credit-starved emerging economies and stagnant developed economies, as the emerging economies get investment capital, jobs and technology transfers while the developed economies get higher profits due to the lower production costs and lower-priced goods and services.

Put another way: globalization is simply one manifestation of the financialization of the global economy. Developed-world central and private banks create trillions of dollars in fiat currencies that then slosh around the world, seeking the highest return. Whatever can be exploited in the short-term is exploited and then capital moves on, leaving environmental destruction and distorted economies in its wake.

…click on the above link to read the rest of the article…

Large Scale US Airstrikes Underway Against Iran-Backed Militias In Iraq

Large Scale US Airstrikes Underway Against Iran-Backed Militias In Iraq

After earlier in the day President Trump authorized the Pentagon to “do what we need to do” in terms of a military response against Iran-backed militias believed responsible for Wednesday’s rocket attacks on Camp Taji, which killed one British and two American soldiers, and wounded at least a dozen more, there are widespread reports the US has initiated massive airstrikes over southern Iraq late Thursday night

A BBC correspondent in the region is describing “multiple strikes across Iran-backed groups’ facilities” which include “logistics and drone warehouses.”

Early reports suggest the attack includes “large amounts of munitions” on multiple Iraqi Shia militia targets. Moments after initial reports on social media US defense offcials confirmed that “airstrikes are underway against Iran-backed militia group that hit Iraq base,”according to the Associated Press


Bombing #Iran-backed paramilitary group positions around #Karbala and #Salahaddin is significant. This is the largest amount of force I’ve seen against Hashd (#PMF) so far. These areas are considered “No fly zones” for #Coalition. Jets may have come from #UAE or #Kuwait


As if the Mideast region and the world for that matter needs another crisis to worry about, this could be the start of the kind of tit-for-tat between the US and Iran which paved the way for the US killing by drone of IRGC Quds Force chief Qassem Soleimani on January 3rd. Since then, the two have been on a war footing. 

Defense Secretary Mark Esper hours ago warned the US would hold the groups behind Wednesday’s attack on Taji base accountable. “You don’t get to shoot at our bases and kill and wound Americans and get away with it,” he said earlier.

According to Fox News security correspondent Jennifer Griffin:

The US response will be “proportional” targeting multiple locations used by Iranian backed Shia militias across Iraq and along Syrian border.

Will be limited to airstrikes: source. Will degrade Shia militia/ Kata’eb Hezbollah ability to strike: US military source.

…click on the above link to read the rest of the article…

Trump Bans All Travel From Europe For 30 Days; Tom Hanks Infected; NBA Suspends Season: Live Updates

Trump Bans All Travel From Europe For 30 Days; Tom Hanks Infected; NBA Suspends Season: Live Updates

Summary:

  • WHO declares Covid-19 is a pandemic
  • President Trump declares a travel ban from all European countries (not UK)
  • Tom Hanks, wife announce they have the Coronavirus
  • NBA suspends all games until further notice
  • Utah Jazz player Rudy Gobert has tested positive for coronavirus.
  • LA confirms first death
  • Seattle schools close for two weeks
  • Italy closes stores
  • MGM says guest at Vegas’s ‘The Mirage’ tested positive
  • Denmark closes schools, will send ‘non-critical’ public employees home to work
  • New Jersey case total climbs to 23
  • Juve player Daniele Rugani
  • DC Mayor declares public health emergency
  • Congressional doctor says up to 
  • Cuomo confirms 39 new cases in NY, raising total to 212
  • First death in Indonesia
  • Confirmed cases in France top 2,000
  • Washington State to ban events over 200
  • Details of cruiseline industry’s ‘health and safety proposal’ leak
  • ‘Waffle House’ employee in Atlanta confirmed
  • UK reports 7th death
  • Chicago cancels St. Paddy’s Day parade
  • NY sends in National Guard
  • IADB cancels meeting in Colombia as virus spreads across Latin America
  • Mnuchin says first part of virus stimulus plan will be ready in 2 days
  • Utah reportedly planning to shut public college and university campuses
  • Dr. Fauci warns virus 10x more deadly than flu and could infect millions if not handled early
  • Australia passes A$18 billion stimulus package
  • Seoul says 99 cases tied to call center
  • FEMA evacuates Atlanta office over coronavirus scare
  • 3 Boeing workers test positie
  • Washington DC advises cancellation or postponement of all gatherings with more than 1,000 people
  • Harvard to prorate room and board for students
  • US cases surpass 1,000
  • UK Health Minister catches virus
  • Ireland, Bulgaria, Sweden report first deaths
  • Connecticut declares state of emergency
  • UK total hits 456 following largest daily jump on record (83 new cases)
  • Global cases pass 120,000
  • South Korea reports new outbreak in call center
  • Japan reportedly planning to declare state of emergency

…click on the above link to read the rest of the article…

Were Coronavirus Samples Destroyed By China To Coverup The Outbreak?

Were Coronavirus Samples Destroyed By China To Coverup The Outbreak?

Since the outbreak of Coronavirus in Wuhan, the Chinese Communist Party has concealed the epidemic from the local government to the central government and shirked from its responsibility. Recently, Caixin, a Beijing-based media group published a shocking report that the Hubei Provincial Health and Medical Commission ordered the destruction of Coronavirus samples. Soon after the story was gagged with the article subsequently taken down.

Coronavirus Samples Destroyed
Were Coronavirus Samples Destroyed By Chinese Health Commission?

Gene sequence detected and reported at the end of December

On February 26, Caixin published a shocking article titled “Tracking the Source of New Coronavirus Gene Sequencing“. Caixin sources told GreatGameIndia on condition of anonymity that the article was taken down due to mounting pressure from the Chinese authorities. The article was archived on the web but even the archived version redirects to an error page. So, we decided to publish the Caixin report in full translated into English from Chinese (found at the above link).

Deleted Caixin report Tracking the Source of Novel Coronavirus Gene Sequencing
Archived version of the deleted Caixin report “Tracking the Source of Novel Coronavirus Gene Sequencing” also redirects to an error page

The Caixin report said:

As of February 24, more than 2660 people have died and more than 77,000 people have been diagnosed with the novel coronavirus, a novel coronavirus similar to SARS. When was it found? Caixin reporters conducted interviews from various sources and sorted out relevant papers and database materials. By piecing together all sorts of information, the full picture is gradually emerging.

The Caixin article stated that there were no less than 9 unknown pneumonias before the end of December last year. Samples of the cases were collected from various hospitals in Wuhan. Gene sequencing showed that the pathogen was a SARS-like Coronavirus (similarity is about 80% and infectious). These test results were returned to the hospital and reported to the Health and Medical Commission and the Center for Disease Control.

…click on the above link to read the rest of the article…

The Trilateral Commission: Using Crisis As An Opportunity To Reform

The Trilateral Commission: Using Crisis As An Opportunity To Reform

A couple of years ago I posted an article that gave a brief overview of the Trilateral Commission, quoting directly from numerous former members of the institution and how their overarching goal was for the integration of nation states at the expense of self determination.

It was in the article where I argued that the prevailing model for globalists dating back to at least the First World War has been to use crisis as an opportunity, first by instigating periods of chaos before presenting themselves as the order to the ensuing turmoil. Four of the world’s largest global institutions – The Bank for International Settlements, the International Monetary Fund, the World Bank and the United Nations – were founded on this principle. Without a series of crises there would have been no rationale for them to exist.

A trend over the past few years has been how in the midst of geopolitical conflict global bodies and world leaders have called for the likes of the European Union and the World Trade Organisation to undergo substantial reforms in the wake of a rise in political nationalism and protectionism. The push for reform has been largely justified on the grounds that the international ‘rules based global order‘ – brought to be out of the ruins of World War II – is under threat, and all as a direct consequence of the growth in anti-globalisation movements that are often characterised as ‘populism‘.

So if global institutions want to broaden their level of power through deeper centralisation, where exactly does the Trilateral Commission fit into that? Earlier this month I happened by chance on a blog called ‘Dorset Eye‘, which launched in 2012 and describes itself as ‘an online citizen media magazine in which local, national and international members of the public have their voices heard‘.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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