Global oil inventories are at their lowest seasonal point in recorded history, the US SPR is at its lowest level since the early 80's, the 2027 WTI strip is back in the "red zone" for US shale, restocking demand = +0.4MM Bbl/d for the next 3 years, oil price induced recessionary fears are no more, Chinese SPR buying should be resuming, Iran is fully in control of the Strait and likely to restrict flows, ME productive capacity damage will become more visible over the next few months, Cushing is basically at tank bottoms, Strait of Hormuz export volumes likely impaired forever, energy stocks are discounting ~$60WT, Brent short interest is at its ~ highest level in history,...and you want to be bearish???
Beijing’s oil import strike continues:
Chinese companies sold West Africa crude on Thursday, with several Nigerian and Angolan grades hitting the widest discount in at least ~15 years to the Dated Brent benchmark.
If China doesn’t show up very, very soon (or Iran doesn’t up its Hormuz games), it’s going to get ugly in the physical oil market.
Scientist testifies in the Senate about an association between Covid shots and cancer. He is removed from his lead position at a cancer center he founded at Brown U. Now a Senator is interested to know if this is retaliation.
@misfitpatriot_ Remember, only 1 in 4 people are Democrat, ditto for Republicans - there's ~50% of Americans that despise both. But it all comes back to a failing, flailing, nation in serious decline. Neoliberalism has destroyed this Country. https://t.co/OKLpEZKNC3
@ky_statesman "Actions speak louder than words" Nah, he's just fine maintaining the Plutocracy - "The term plutocracy (from Greek plutos for wealth and kratos for power) describes a society ruled by the rich, often used pejoratively to critique systems where money dominates politics"
@AnnaRMatson Rockefeller & Carnegie captured the American medical system in 1910 with the release of the Flexner Report which they funded. That is when healthcare went out the window & we became a drug pushing, sick care nation.
@Michael_Yon Agreed - I remember in bootcamp running the vaccine gauntlet! I was sick for days afterwards, thought I was going to have to drop out. I feel for 'em! The VA is always pushing drugs & shots on us over the hillers & at some point it'll all probably be mandated.
@Michael_Yon Saw the Yellowknife picture but fires are burning in Alaska, the Yukon, & NW Territories kind of all around really, we had a Sikorsky dipping in the lake here yesterday. It's been smoky
The good news is there are no respiratory viruses that cause infectious disease, so this problem is already solved. At zero cost. What you are reporting here is obviously a cover story for something far more nefarious that will target human beings to cause harm or death, not to prevent infections. If Bill Gates and Big Tech are involved, it's a depopulation program, plain and simple.
@adamtaggart@Polymarket I guess the tell is when things get visually, palpably decayed & despotic which the U.S.A is here in 06/26 - the wealth disparity has simply grown too wide due to a rigged system. What really blows me away is the entire conversation around UBI & the wide acceptance of the notion