We know what’s coming and we are prepared.
How is Kamala Harris tied to BlackRock?
Mike Pyle, a former senior aide to Vice President Kamala Harris, is said to be rejoining BlackRock in a move that will "strengthen the close ties" between the world's largest asset management firm and Washington, Bloomberg reports.
Other Democrats also appear to have close ties with BlackRock.
🌏 BlackRock co-founder Ralph Schlosstein was one of the first Wall Street heavyweights who endorsed Harris for the presidency in July 2024.
🌏 Pyle was chosen by then Vice President-elect Harris as her chief economist in early January 2021, while serving as BlackRock's global chief investment strategist.
🌏 In 2022, Pyle was made White House deputy national security advisor for international economics, and played a leading role in pressing Ukraine into carrying out economic and government reforms in line with US interests.
🌏 While Pyle advised President Joe Biden and Harris on reforming Ukraine, BlackRock struck an agreement with the Ukrainian government in November 2022 to provide advisory services to the Kiev regime. In May 2023, Kiev announced its plans to launch the Ukraine Development Fund (UDF) for reconstruction with BlackRock on its board.
🌏 Apart from Pyle, Harris and Biden hired BlackRock employees Brian Deese and Wally Adeyemo in 2021.
🌏 Harris is not the first US leader to hire the BlackRock alumni. Adeyemo and Pyle also served in the Obama administration, and Pyle was an economic policy advisor for Hillary Clinton's 2016 presidential campaign.
🌏 The Intercept reports that by 2016, BlackRock's CEO Larry Fink had assembled a "shadow government" from among the firm's staff for Clinton's future cabinet. Fink also hired Cheryl Mills, Bill and Hillary Clinton's long-time assistant and confidante.
🌏 Harris inherited her BlackRock connections from her mentors Hillary Clinton and Barack Obama, who Republicans have called the puppet masters behind the future Harris administration.
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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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🇨🇳🛢 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.
🔗 ...
🛢 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...
