//The Wire//1500Z February 24, 2024//
//ROUTINE//
//BLUF: NO NEW DETAILS ON BALLOON. CHINESE ILLEGAL ALIEN ENCOUNTERS REACH NEW RECORD IN CA.com//
-----BEGIN TEARLINE-----
-International Events-
Red Sea/HOA: Over the past few days, CENTCOM has intensified “self-defense” targeting of Houthi sites in Yemen. As has become standard, almost zero information is released regarding these strikes, which have now become routine daily events.
-Homefront-
PA: A chemical incident at a pharmaceutical packing plant in Lehigh County resulted in over 50 workers suffering minor injuries. No word yet on what the chemical was, but most of the people affected reported headaches and respiratory problems. The cause of the incident has not been disclosed.
CA: Customs and Border Patrol statistics released last night indicate that the pace at which Chinese immigrants are encountered attempting to cross the border illegally has increased substantially over the past quarter. In one California district there were more Chinese immigrants illegally crossing the southern U.S. border than Mexicans. Newly released data indicates that since October of last year, 21,000 encounters with Chinese nationals were reported, whereas in the same sector only 18,700 Mexicans were encountered. AC: As the overwhelming majority of illegal immigrants no longer originate from Mexico (but rather other Central or South American nations), it is unclear as to how this affects the total numbers. As a reminder, recent DHS testimony before Congress has indicated that over 85% of all illegal encounters result in the illegal alien being released into the United States, rather than being deported.
Washington D.C. – No new information has been released by the Pentagon regarding the possibly hostile aircraft over American soil. Pentagon officials continue to claim that both the origin and the intent of the craft is unknown, yet somehow also assessed to be not a threat. AC: As defense officials seem content with leaking information to mainstream sources so as to maintain deniability, rather than calling press briefings to inform the American people, no mainstream media source has updated their articles on this incident at the time of this report. All MSM reporting is circular, originating from the original CBS report.
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Analyst Comments: The timing of the announcement of the unidentified balloon is itself a classic deception tactic. Pentagon officials frequently refer to this as “taking out the trash”, in other words releasing a stack of unimportant press statements on a Friday afternoon when reporters are ready to go home for the weekend (and therefore are assumed to be more complacent than usual). Sneaking critically important reports into the “garbage” and hoping that no one notices has been a tactic utilized heavily by various federal agencies for decades. Releasing critical reports on a Friday afternoon also allows for politicians to have more leeway in providing statements, as the expectation of “traveling” or weekend life enables key figures to hide more effectively from the press.
Releasing this info on a Friday afternoon also decreases the potential citizens that could observe the craft, and pinpoint it’s location. As most people would be enjoying the start of their weekend, and with nightfall approaching, the timing of the report ensured that by the time any citizen was able to visually see the craft, it would be long out to sea and out of sight. As a reminder, the DoD never released any updated or high-resolution photos of the initial string of spy balloons, only low-res or ground-based photos were provided to taxpayers.
Analyst: S2A1
//END REPORT//
Pedophile elites wanted to buy an Island, asked if it "comes with children".
Agent replied, the Island "does have a small school"
They don't know camera was rolling
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🇺🇸 #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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Oilprice.com
Two months after the U.S. and Israel bombed Iran on February 28, the Strait of Hormuz remains closed for most tanker traffic, forcing more than 10 million barrels per day (bpd) of crude output shut-ins across the Middle Eastern oil producers.
The two-month-long closure of the Strait of Hormuz is longer than analysts had expected at the start of the war. Most assumed back then that the Strait would open by April and producers could restart shut-in wells in May.
Even if the Strait of Hormuz opened to free tanker traffic today, oil supply from the Middle East will take months to start flowing again and reach consumers in Asia, who were the first to feel the supply shock.
The longer the chokepoint remains off limits to most tanker traffic, the worse the scars would be on global supply and economic growth.
The restart of thousands of oil wells across the Middle East would be a big challenge. Some countries would need weeks, but others – like Iraq – many months to bring ...
🍚 War on Iran & El Niño threaten world rice production
Global rice supply is expected to decline this year as farmers across Asia reduce planting areas due to fertilizer shortages and higher fuel costs linked to the US-Israeli war on Iran, while an emerging El Niño weather pattern is also likely to further limit production of the world’s most widely consumed staple.
The impact of the war in West Asia is being felt by farmers in major exporting countries such as Thailand and Vietnam, as well as in import-dependent nations like the Philippines and Indonesia, according to growers and traders. Disruptions to fuel and fertilizer shipments through the Strait of Hormuz, a key global shipping chokepoint linking the Gulf to international markets, have contributed to the strain.
Smallholder farmers in Southeast Asia are also facing added pressure as El Niño is expected to bring hotter and drier conditions in the second half of the year.
🔗 The Cradle
🛢 “Why aren’t oil prices higher?” “How can the oil market be so complacent?”
Oil prices almost always trade to extremes. Right before it does, it always gets “obvious” from a fundamental setup standpoint.
I remember a great conversation I had with Nelson Wu of Open Square Capital about the oil market being analogous to toilet paper. You don’t realize how badly you need it until you run out of it.
Oil prices trade on the margin. As long as there are onshore inventories to draw from, traders don’t panic. It’s when you run low on onshore inventories that panic starts to set in.
Goldman published an update on Thursday that basically captured the storage math phenomenon that we are seeing:
Global visible total oil inventories remain bloated relative to historical standards. If, for example, we had started the conflict with global oil inventories at the 2025 lows, WTI and Brent would already be above $200/bbl.
The ~1.4 billion bbl cushion at the start of 2026 is what gave the US ...