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WTI Slides After Surprise Crude Build

Oil prices gave back a lot of their early gains today as chatter about the US stimulus plan suggested its not ponies and unicorns for all after all and worries about Chinese demand weighed. WTI slipped back below $53 briefly. The U.S. “is still the biggest market in the world and it hasn’t recovered all…

Why You Can't "Just Build Your Own Twitter"

Authored by Robert Mariani via The American Conservative, The balance of two opposing forces—military-industrial surveillance capitalism and progressive cultural hegemony—once formed an equilibrium that gave the average Joe some options in life. That equilibrium was on its way out for a while, but it collapsed with the Capitol riots. The progressive camp has swallowed up…

Oil Algos Confused By Crude Draw, Major Product Build, Weak Demand

After ramping notably overnight (after API reported a big surprise crude draw), WTI tumbled back below $53 this morning as the dollar strengthened, and as Bloomberg reports, even with Saudi Arabia’s pledge to unilaterally cut oil output, the supply picture remains precarious. Oil inventories for the Organization for Economic Co-operation and Development are 160 million…

WTI Slips Below $50 After Big Product Build Offsets Some Saudi-Shocker Gains

Oil prices soared today on the heels of Saudi’s self-sacrificial slashing of 1mm b/d output. They said this action was “pre-emptive” which, to us at least, does not seem like a positive catalyst – just how worried are they? How much did they want to suck up to Russia with a Biden admin coming in?…

WTI Extends Losses After Surprise Crude Build

Oil prices extended their losses today, with WTI back below $47 at its lowest in a week, as fears of a rapidly spreading COVID strain struck fear in the vaccine-hopers expecting a return to normal. “This sudden, panicked action by government around the world points to the risk of even more widespread lockdowns and travel…

WTI Holds Gains Despite Surprise Crude Build

 Oil surged to the highest in nearly 10 months in New York alongside a broader market rally as hopeful headlines on US stimulus talks combined with the COVID-19 vaccine rollout stoked optimism around a demand revival…again! “Oil’s reacting to pretty significant increases in risk appetite,” said Bart Melek, head of global commodity strategy at TD Securities. “But with the…

“I Want To Build A World Where Someone Like Me Is Impossible” – Meet The Trust Fund Brats Trying To Destroy Capitalism

Roughly 18 months have passed since New York Magazine published a cover story declaring that, in the age of President Trump, all the new “it” kids in Brooklyn (we use the term “kids” loosely; most are well into their 30s) are avowed socialists. As the reporter explains, the new generation of Brooklyn cool kids have…

China Is Stealing Border Land From Tiny Nepal To Build Military Bases

China is again being accused of a blatant landgrab along the disputed Himalayan high altitude border region not far from where Chinese and Indian Army troops previously clashed.  This time it’s the country of Nepal that has accused China of stealing over 150 hectares sovereign of its territory, or about 1.5 square kilometers. Leaders of…