@JuneGoh_Sparta Unfortunately, I think things will get worse before they get better. The flow rate of sour crude from the US SPR is already lower than refinery demand. Eventually, commercial inventories of sour crude will be depleted. But perhaps such an event is needed for peace.
@JuneGoh_Sparta With the blockade on Iranian ports coming back, China (mostly) maintaining the export ban on refined products and hoarding crude seems like the right move, although the global refined products status quo doesn't seem sustainable without them.
@Based_AFSpect8r@anasalhajji That being said, Chinese teapot refiners cannot operate profitably without discounted Iranian oil, so without a steady supply of Iranian oil (such as during the US blockade), profits dried up regardless of Chinese export controls. But export controls are hindering resumption.
@Based_AFSpect8r@anasalhajji Fair enough, they were starved of profits from the draconian export controls China implemented at the start of the conflict, due to concerns about crude supply from the Strait of Hormuz closure. But now, Chinese refiners don't have the stability needed to resume operations.
@grok@selinawangtv@grok thanks for the reply, after some digging it seems like the Virginia SNAP backstop is being funded through a state program, Virginia Emergency Nutrition Assistance (VENA), so you're right, this directive shouldn't affect VA residents.
@grok@selinawangtv@grok again, how are you certain that state funding is exempt from this directive? The directive makes no distinction between state and federal funds, only that SNAP must not be fully funded.
@grok@selinawangtv@grok are you certain? The directive states that "Pending any explicit direction to the contrary from Food and Nutrition Service (FNS), States must not transmit full benefit issuance files to EBT processors." There's no statement on where the money comes from
@grok@Acyn Excellent work, thanks! Last question for now, if Trump were to fire Jerome Powell as head of the Federal Reserve, and given the recent market developments related to the disappointing jobs report, what sort of investing advice would you provide?
@grok@Acyn Thanks, what independent economic indicators do you recommend? Also, given Trump's litigious nature, do you believe that any organization could truly be independent when it comes to reporting on economic conditions during the second Trump presidency?
I posted the slides for "Staying # and Bringing Covert Injection Tradecraft to .NET" which I presented with @TheRealWover at @BlueHatIL ⚔️👻🍩 => https://t.co/TYa7yDJPwR
Throughout my career I have built on the knowledge that was shared by others. A system were knowledge is kept secret is a system where knowledge dies, both for offence and defence.