We know what’s coming and we are prepared.
🇸🇻 Gangsters in El Salvador are terrified of strongman Nayib Bukele
He protects citizens from crime. But who will protect them from him?
On February 4th El Salvador is holding elections. Mr Bukele is constitutionally barred from standing for a second term. Yet he is standing, having confected a Putinesque workaround to dodge term limits. And he is certain to win, having brought peace to a country previously terrorised by criminal gangs. He is one of the most popular leaders in the world. Many politicians in the region wonder if they should emulate him.
Mr Bukele has also used his crusade for public order as an excuse to move towards authoritarianism. He has used soldiers to intimidate lawmakers. He has purged and packed the judiciary. He has imposed a “temporary” state of emergency, which keeps being extended. Journalists face prison if they report on the gang crackdown in a way that “creates panic”. Election rules have been tweaked to give the ruling party an advantage. The powers Mr Bukele has amassed are enough to cow the press, the judiciary and his opponents. When re-elected, he will no doubt continue to dismantle checks and balances. If, one day, Salvadoreans tire of him, they may find it hard to remove him. And he is only 42.
One lesson is that politicians who respect the rule of law must take street-level crime seriously or risk being outflanked by strongmen. Mr Bukele warns that if the opposition were to win, they would “let all the gangsters free”, as one campaign ad put it.
The best way to reduce gang violence in Latin America would be to legalise drugs everywhere, removing the largest prize over which gangsters fight. This would not be a panacea—the gangs in El Salvador made their money largely from extortion. And it is not going to happen soon—the United States would make life unpleasant for any country that tried it.
So leaders who care about civil liberties must do the hard, patient work of figuring out how to fight crime without trampling on them. That means training police better to investigate crimes, and speeding up trials so suspects don’t spend years in cells awaiting their day in court, during which they may be recruited by gangs. It does not mean using the army as cops.
📝 The Rothschilds want to legalise every hardcore drug to ”fight the cartels”.
đź—„ Archive
🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇨🇳🛢 How much strategic oil does the world actually have in reserve?
Global strategic crude oil inventories stood at ~2.5 BILLION barrels as of December 2025, according to the US Energy Information Administration.
China holds by far the largest stockpile at 1,397 million barrels, more than 3 times the US Strategic Petroleum Reserve of 413 million barrels, which itself sits at only 58% of its full storage capacity of 714 million barrels.
China added an average of 1.1 million barrels per day to its strategic inventories throughout 2025, with preliminary data suggesting it continued building stockpiles in early 2026 ahead of the Iran War.
Japan holds the 3rd-largest reserve at 263 million barrels, followed by OECD European countries at 179 million barrels.
Meanwhile, the US is releasing 172 million barrels from its Strategic Petroleum Reserve to suppress oil prices, part of a broader 400 million barrel coordinated release agreed by 32 IEA member nations in March.
đź”— ...
🛢 JP Morgan Warns Oil Market Out of Balance, Prices Must Rise
🔸The closure of the Strait of Hormuz, through which roughly 20% of the world’s oil flows, has removed 13.7 million barrels per day from global supply in April alone. A JP Morgan research note warns the market has no good way to replace it.
🔸Normally, spare production capacity in Saudi Arabia and the UAE acts as the market’s shock absorber. But that buffer has effectively been removed, eliminating the system’s first line of defense.
🔸With spare capacity unavailable, markets turned to inventories
➤ Global stockpiles are now being drained at ~7.1 mbd in April, an extraordinary pace, according to the note.
🔸Meanwhile, demand is collapsing because supply simply isn’t reaching users — “forced demand destruction.”The hardest hit sectors include:
▪️ Petrochemical plants across Asia are shutting down or slashing output as LPG, ethane, and naphtha flows from the Gulf collapse
▪️ Airline jet fuel ...
🛢⛽️ Global oil inventories are heading toward RECORD LOWS:
Global visible oil inventories have fallen -255 million barrels since the start of the conflict on February 27, to 7,864 million barrels.
Total estimated oil draws, including non-OECD refined products storage, have accelerated to 10.9 million barrels per day in April, the largest monthly draws on record since 2017.
Cumulative estimated draws since the start of the war now stand at 474 million barrels, with Hormuz flows holding at ~10% of normal, or 2.0 million barrels per day.
Meanwhile, even in an optimistic scenario where Strait of Hormuz flows begin recovering by late April, it is unlikely to prevent global visible inventories from reaching all-time lows, according to Goldman Sachs.
As inventories keep falling, physical oil markets are likely to require sharply higher prices for immediate delivery, since buyers cannot wait months for cheaper futures delivery when stocks are running critically low.
Goldman also warns...
