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Oil Market Heading For Months Of Deficit
Oil Market Heading For Months Of Deficit The oil market is set for a deficit from August onwards, even after OPEC+ eases the current cuts that are up for a tentative extension through July, Rystad Energy analysts said on Friday. Assuming that global demand recovery continues in the coming months, the oil market will still […]
Australia outsources its oil reserve problem to the US
Australia outsources its oil reserve problem to the US From the Energy Minister’s media release: Australia to boost fuel security and establish national oil reserve The Australian Government is boosting the nation’s long-term fuel security by taking advantage of dramatic falls in global oil prices and building on our historic agreement with the United States […]
UPRISING: Goliath Is Not Invincible
UPRISING: Goliath Is Not Invincible Revolutions are difficult, writes Vijay Prashad. They must chip away at hundreds of years of inequality, erode cultural expectations and build the material foundations for a new society. Comando Creativo, History is watching us, Bellas Artes, Caracas, 2011. The streets in the U.S. are on fire once more because of the murder […]
Retail Store Closures Have Huge Impact On Communities
Retail Store Closures Have Huge Impact On Communities Across America many buildings stand empty or under-leased. They once housed thriving businesses that provided Americans with good-paying jobs.Over the last several years retailers have been closing stores and as the carnage rapidly accelerates this will be back in the news bigger than ever. The impact of […]
VIPS MEMO: To the President—Avoid Hostilities Over Iranian Fuel Shipment to Venezuela
VIPS MEMO: To the President—Avoid Hostilities Over Iranian Fuel Shipment to Venezuela The Veteran Intelligence Professionals for Sanity (VIPS) urges Donald Trump to avoid the slippery slope toward armed conflict as an Iranian oil tanker nears Venezuela on Sunday. MEMORANDUM FOR: The President FROM: Veteran Intelligence Professionals for Sanity (VIPS) SUBJECT: Avoiding Hostilities Over Iranian Fuel Shipment to […]
Iran & Venezuela Hail Victorious ‘Defiance’ Over US As 1st Tanker Is Escorted By Maduro Forces
Iran & Venezuela Hail Victorious ‘Defiance’ Over US As 1st Tanker Is Escorted By Maduro Forces The first among five Iranian fuel-laden tankers has arrived in gasoline-starved Venezuela amid US threats to intervene against the ‘sanctions-busting’ activity by two official Washington enemies. Reuters reports: “The tanker, named Fortune, reached the country’s waters at around 7:40 p.m. […]
Do You Consent To The New Cold War?
Do You Consent To The New Cold War? The world’s worst Putin puppet is escalating tensions with Russia even further, with the Trump administration looking at withdrawal from more nuclear treaties in the near future. In addition to planning on withdrawing from the Open Skies Treaty and knocking back Moscow’s attempts to renew the soon-to-expire New START Treaty, Trump […]
It Doesn’t Matter What You Think, Reality Is What It Is
It Doesn’t Matter What You Think, Reality Is What It Is It doesn’t matter what you think, the reality we face is what we are seeing here on the ground. Reality is what it is and our government will as usual muddle through with poorly thought out politically correct solutions geared to kick the can […]
Here Comes The Wave: Loan Defaults Hit 6 Years High
Here Comes The Wave: Loan Defaults Hit 6 Years High Two weeks ago, when looking at the recent flurry of chapter 11 filings and a striking correlation between the unemployment rate and loan delinquencies, we said that a “biblical” wave of bankruptcies is about to flood the US economy. It now appears that the wave is […]
Week 9 of the Collapse of the U.S. Labor Market: Still Getting Worse at a Gut-Wrenching Pace
Week 9 of the Collapse of the U.S. Labor Market: Still Getting Worse at a Gut-Wrenching Pace Federal Pandemic Unemployment Assistance (PUA) for gig workers doubles initial claims under state programs. Here are the “Insured Unemployment Rates” for each of the 50 states & DC. The moment the unemployment crisis stops getting worse and bottoms out […]
How To Understand All This China Stuff
How To Understand All This China Stuff China is in the news every day now. Today here in Australia we’re pretending to be offended because a Chinese tabloid published the accusation that our nation is a “giant kangaroo that serves as a dog of the US”, even though we all know that’s completely true and we should be flattered that at […]
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression The last recession was really, really bad, but it was never like this. It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression. This is already the worst economic downturn that […]
The Coming Nuclear Menace: Hypersonic Missiles
The Coming Nuclear Menace: Hypersonic Missiles Photograph Source: David James Paquin (attributed) – Public Domain The United States is seeking to acquire “volumes of hundreds or even thousands” of nuclear-capable hypersonic missiles that are “stealthy” and can fly undetected at 3,600 miles per hour, five times faster than the speed of sound. Why so many? […]
Federal Government Buys Riot Gear, Increases Security Funding, Citing Coronavirus Pandemic
Officers wearing riot gear line the edge of the California state capitol grounds after removing protesters on May 1, 2020. Photo: Carolyn Cole/Los Angeles Times/Getty Images FEDERAL GOVERNMENT BUYS RIOT GEAR, INCREASES SECURITY FUNDING, CITING CORONAVIRUS PANDEMIC THE FEDERAL government has ramped up security and police-related spending in response to the coronavirus pandemic, including issuing contracts for […]
States Are Now Wrestling With The Biggest Budget Crisis They Have Faced In All Of U.S. History
States Are Now Wrestling With The Biggest Budget Crisis They Have Faced In All Of U.S. History Most U.S. states are seeing tax revenues completely and utterly collapse during this COVID-19 pandemic, and some are already begging the federal government for bailout money. Because if dramatic intervention does not happen, many states are going to […]
