On Monday, US District Court Judge Patti Saris vacated a Trump executive order that brought a halt to all offshore wind power development, as well as some projects on land. read more
Reuters is reporting that the Trump Administration is trying to force a pledge from the International Criminal Court that it will not prosecute Trump or his officials. read more
Donald Trump Jr. says his father's unpredictability is forcing people to be intellectually honest. read more
Commodity farmers should know by the end of December exactly how much they will receive in economic aid from the Trump administration from the $12 billion package that should be distributed by the end of February, Agriculture Secretary Brooke Rollins said on Monday. read more
Republicans haven't lost a statewide race in Texas in more than 30 years, but Democrats are hoping a "blue wave" in the midterms could help them end that streak. read more
@#15 ... Wait, so the sudden crisis over Venezuela wasn't really about drugs at all. It was about oil. ...
That's my supposition at this point.
There does seems to be little justification for Pres Trump's action regarding drugs from Venezuela.
So then, I looked around and discovered the huge oil wealth of Venezuela.
Oil reserves in Venezuela
en.wikipedia.org
... The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels (4.81010 m3) as of 1 January 2014.[1] The 2019 edition of the BP Statistical Review of World Energy reports the total proved reserves of 303.3 billion barrels for Venezuela (slightly more than Saudi Arabia's 297.7 billion barrels).[2] ...
And ...
(no paywall on this one)
Trafigura Warns of "Super Glut" as Oil Supply Surges
oilprice.com
... Echoing what has become a now daily refrain by commodity bears everywhere, Saad Rahim, chief economist of commodity-trading giant, Trafigura, said that the oil market faces a "super glut" next year as a burst of new supply collides with weakness in the global economy. According to Rahim, new drilling projects and slowing demand growth would weigh further on already depressed crude prices next year.
"Whether it's a glut, or a super glut, it's hard to get away from that," Rahim said in remarks alongside the company's annual results.
Brent crude has fallen 16% this year, on track for its worst year since 2020. Prices are expected to be further damped by major projects coming online next year, including in Brazil and Guyana.
The glut thesis is hardly new, and has been popularized by banks such as Citi and Goldman for the past year. As Goldman analyst Daan Struyven wrote in his latest oil tracker note, "global visible oil stocks have built by nearly 2mb/d over the past 30 days." The banks expects them to grow significantly more in the coming years. ...
Curious aspect ...
A Billion-Barrel Oil Glut Is Forming at Sea
www.wsj.com
... The oil market is grappling with whether sanctioned Russian and Iranian cargoes should still be counted as supply. This may explain why oil prices have been slow to react to a huge glut that is building on the ocean.
There are 1.4 billion barrels of oil "on the water." That is 24% higher than the average for this time of year between 2016 and 2024, according to oil-analytics firm Vortexa. The data measures shipments that are on their way to be unloaded at a port, or cargoes that haven't yet found a buyer. ...
@#1 ... When voters are polled and asked "Who wants manufacturing to return to the US?" 80% say yes.
When the same voters are asked "Who wants to work in a factory?" 20% say yes.
There is the disconnect. ...
Found this ...
80% Of Americans Say The Country Would Be Better Off With More Manufacturing Jobs -- But Only 25% Want One Themselves
finance.yahoo.com
@#3 ... I bet they'll side with him. ...
I do not disagree.
Pres Trump seems to cast aspersions upon the local, state and appeal Courts when they do not rule in his favor.
And I remember seeing the news video of Pres Trump apparently snubbing a SCOTUS Justice, he appointed, at a social event because the Justice did not rule in his favor.
I also remember the "impeach Earl Warren" signs I saw back in the day ...
Influence Without Impeachment: How the Impeach Earl Warren Movement Began, Faltered, But Avoided Irrelevance (2022)
muse.jhu.edu
... As visitors filed into the Indianapolis Speedway on Memorial Day in 1965, they were greeted by a massive billboard declaring, "Save Our Republic! Impeach Earl Warren. ...
@#59 ... NBC....one of the liars nest that said TRUMP
made national parks a FREE day because it was his
birthday....like many of you STUPID PRIX did. ...
Trump adds his birthday as free national park day while axing MLK Day and Juneteenth
www.foxnews.com
What else yer got?