While everyone is watching crude oil futures, the physical crude oil market is out of control.
Shipping costs for crude oil are surging at a near-unprecedented rate.
The cost to ship 2 million barrels of crude oil from West Africa to China is now up to $23.59/barrel.
To put this into perspective, in July, the cost for the same shipment ~$6.50/barrel.
That's a +258% surge in shipping costs in just 2 months.
We are witnessing one of the largest global energy shocks ever recorded.
Obama: “Imagine if I had pulled Fox News’ credentials from the WH press corps. You’re laughing but this is what’s happening.
It’s unimaginable that the same parties that are silent right now would have tolerated a behavior like that from me.”
BREAKING: Google's Gemini accessed the internet and hacked 3 other companies in the first known breakout of the company's AI model, per WSJ.
Google said it the hacks did not warrant public disclosure because its model did not cause harm to the companies and ended each intrusion immediately after determining it had hacked a real company.
En EEUU, un hombre contrató a varios trabajadores latinos para cercar su patio y al terminar, llamó a ICE para intentar librarse de pagarles. Pero tenían toda la documentación en regla, así que volvieron y desmontaron la valla pieza por pieza delante de él.
Since Robert Kraft is in the news, this is a good time to remind you what he did.
In 2019, he went twice in two days to a massage parlor in Jupiter, FL.
The first time he got a handjob.
The second time he got a blowjob.
Cops were already suspicious of the place so they had cameras that caught it all.
BUT...
Bob is a billionaire. So he hired the best lawyers money could buy for "high 6 to low 7 figures" and they found a judge who ruled the cameras violated the law and tossed everything out.
Bob walked.
The women did not. They were arrested and charged with prostitution.
So in short.. fuck that guy and his holier than thou moral charade.
If you’re confused why Kanye can say HEIL HITLER in any venue in the US but Macklemore can’t say FREE PALESTINE it’s because US is ruled by Nazis, hope this helps.
As I predicted, inflation was back up last month after the breakdown of the Trump administration’s negotiations to end the Iran War.
Don’t expect any durable relief until the Strait of Hormuz is secure and open for good.