We know what’s coming and we are prepared.
🇬🇧🤡 How the British Government Covered Up 🇵🇰 Pakistani Grooming Gangs?
🇺🇸 US billionaire Elon Musk has sparked the controversy by calling out the UK government for failing to act on grooming gangs, which reportedly exploited 1,400+ children over the period of 1997-2013, while the authorities dismissed the issue.
💢 Musk labeled these crimes as a "mass crime" and accused PM Keir Starmer of complicity for not taking action.
What are these grooming gangs?
🤬 The grooming gangs, largely composed of men of Pakistani descent, targeted and abused young girls for years across cities like Rotherham, Rochdale, Telford, and others.
Threatening the victims with murder and threats of harming their families if they complained led many victims to suffer silently at the hands of the Islamists.
👮♀️ Investigations revealed systemic failures, with multiple scandals showing how authorities ignored or mishandled these crimes, because they feared of raising Islamophobic backlash in the country.
◾️ In 2023, then-Prime Minister Rishi Sunak launched a task force to combat grooming gangs, yet public outrage continues over the lack of accountability and delayed justice.
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Intellectual masking is the deliberate regulation of how much of your knowledge, reasoning, and analytical ability you reveal so that others form a controlled (and often incomplete) assessment of your capabilities.
Its purpose is to manage perception, reduce unnecessary attention, encourage others to reveal more information, and preserve strategic advantage until demonstrating full competence serves your objective.
🛢 We Are 'Still' Going Full Speed Into The Wall
Product storage is about to get tighter unless China steps in and lifts the product export ban. If it does, expect a meaningful reversal in crude.
WTI is barely hanging on to $70 for its dear life, but please remember that consumers use petroleum products like gasoline and diesel; they don’t use crude oil. Refineries do, and this is why it was always important for us to pay attention to crack spreads along with crude timespreads.
Note: Please divide it by 3.
The fever in the market today is that crude is oversupplied, but products are undersupplied. How can this be possible?
Well, China’s June crude import data so far is -4.7 million b/d y-o-y, and teapot refineries are operating at 50% utilization. Compared to US refineries operating at 95% and PADD 2 refineries operating over 100%, you can see where the disconnect is.
But here’s the thing. If end-user demand isn’t down and you still have a production shut-in of ~8 million...
