With oil prices in free fall and the dawning realization that Great Reflation trade of 2017 is over, OPEC needed to do something drastic to remind everyone how important they are. Moreover, with Qatar quitting the cartel last week it was then doubly necessary for OPEC to make the markets stand up and remember them. … Continue reading OPEC Cuts Deep to Save Cartel
I have two new private blog posts up this morning. The first covers some of the oil and gas stocks in the Gold Goats 'n Guns Newsletter Portfolio. The second is Sunday's normal Market Report where I cover the souring U.S. / Saudi relationship and the Trump Administration policies behind it while everyone is focused on … Continue reading Private Blogs – Oil & Gas Upheaval and the Saudis Fume over Trump
I have a new Private Blog post up on Patreon for patrons discussing Article 7 proceedings against Hungary as well as what's happening in the Far East. Also a long-term look at oil prices. If you are interested in what these market reports look like there are a few of them available publicly on YouTube … Continue reading Private Blog – Market Report 9-12: Article 7 and the Rise in Oil
President Trump is stepping up his attack on Iran. He's now planning the long-game for maximum pressure. The news that Trump quietly asked Saudi Arabia to ramp up output by 1 million barrels a day is the key. From the analysis at Oilprice.com: Saudi Arabia and some of its close Arab allies in the Gulf, … Continue reading Next Stage of Pressure on Iran – Lower Oil Prices
While Israel has been the barking dog pushing hostilities against Iran, it is the Saudis that are truly most threatened by Iran's return to the global economy. They are as much, if not a bigger, agitator for tearing up the Iran Nuclear Deal as Israel has been. A report earlier this week from the International … Continue reading Saudi Arabia’s Needs Have Become Iran’s Problems
I told you over the weekend that Trump's presidency was over. As a practical matter it is. His yielding to his 'advisors' on every foreign policy issue makes it clear that he can't or won't stand up to the relentless pressure to do what his instincts tell him. This morning's article at the Deep State Washington … Continue reading The Neocons’ Real Plan for Syria Emerges from the Lack of Rubble
The news that President Donald Trump offered to hold a meeting with his counterpart in the Kremlin, Vladimir Putin, has the political world in an uproar. Furiously keyboards are chattering away as laptop bombardiers are worried that perpetual war for perpetual empire will end if Trump and Putin see eye to eye on anything. From … Continue reading Is Putin Winning the War of Attrition with the U.S.?