We know what’s coming and we are prepared.
🛢 Oil markets could be a month away from the moment of truth. Brace for a ‘non-linear’ price spike and panic buying, analysts warn
Dire warnings about oil supplies are coming from everywhere lately as the Strait of Hormuz remains largely closed while President Donald Trump’s trip to China failed to produce a breakthrough to reopen the critical waterway.
While investors have been trading on hopes that the Iran ceasefire will remain intact, there is little sign that the oil trade will return to normal soon, forcing them to reckon with the reality of worsening shortages and an imminent tipping point ahead.
JPMorgan predicted that commercial oil inventories in the developed world could “approach operational stress levels” by early June. Saudi Aramco said global inventories of gasoline and jet fuel could reach “critically low levels” ahead of the summer.
The International Energy Agency warned the world is drawing down oil inventories at a record pace, with 164 million barrels released by governments and industry as of May 8.
“Rapidly shrinking buffers amid continued disruptions may herald future price spikes ahead,” IEA said in its lately monthly report.
The U.S. and Israel launched their war on Iran two and a half months ago, and analysts expected the Strait of Hormuz to reopen by the end of May or early June.
That’s looking less likely as Iran attacks ships in the Persian Gulf while the U.S. military is still enforcing a blockade on Iranian oil. Meanwhile, the Navy’s efforts to reopen the strait with warships is on hold.
“But if the Strait remains effectively closed and commercial oil inventories in the OECD continue to be run down at the same pace as they were in April, oil stocks could reach critically low levels by the end of June,” Hamad Hussain, climate and commodities economist at Capital Economics, said in a note on Wednesday.
He estimated oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady.
On Friday, Brent crude futures gained more than 3% to close at $109.26 a barrel as China offered no hints that it would lean on ally Iran to normalize tanker traffic.
“Why is this country trying to kill us?”
Major toilet paper brands in America have been found to contain forever chemicals. PFAS cause cancer, hormone disruption and more
Major brands include
- Bounty
- Charmin Ultra Soft Toilet Paper
- Cottonelle
- Quilted Northern
- Scott
- Kirkland Signature (Costco brand)
- Seventh Generation 100% Recycled Bath Tissue
- Tushy Bamboo Toilet Paper
- Who Gives a Crap Bamboo Toilet Paper
- Angel Soft
21 in brands total were found to contain forever chemicals. It should be illegal
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🇿🇦 Police airlift a crocodile with the body of a 59-year-old businessman inside.
Local police in #SouthAfrica say they suspected the crocodile ate the man after observing it from drones. They then shot it and airlifted it off. When they landed back on the ground, the crocodile was sliced open, and human remains were found.
The remains are believed to be those of 59-year-old Gabriel Batista, who had previously been swept away in raging floodwaters. His ring was found inside the animal along with six other pairs of shoes.
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🇺🇸🇪🇺🇯🇵🇨🇦🇬🇧 G7 finance ministers to meet amid warning of economic consequences of prolonged Strait of Hormuz closure
Ahead of a meeting of finance ministers from the Group of Seven developed economies in Paris on Monday, a senior European official says the situation in the Middle East has highlighted how exposed the interconnected global economy is to external shocks.
“Opening the Strait of Hormuz and bringing the conflict to a lasting end are of the utmost importance in mitigating the impact on the economy,” Eurogroup President Kyriakos Pierrakakis said in a statement.
The Eurogroup is a body that brings together ministers from the euro area and is being represented at the G7 meeting by Pierrakakis, who is also the Greek finance minister. The G7′s core members are the U.S., U.K., Canada, France, Germany, Italy and Japan.
“The European economy has proven resilient in the face of this energy crisis. Yet, the global economy will feel the pressure – even if ...
Illinois: Video Shows Palestinian Police Officer Urging Arabs to Flood U.S. Police Departments
A Palestinian police officer in Bridgeview, Illinois is urging the Arab community to flood U.S. police departments in huge numbers. His blunt message “the more the merrier” has now sparked major controversy.
Read the full story here: https://lawenforcementtoday.com/illinoisvideoshowspalestinianpoliceofficerurgingarabstoflooduspolicedepartments
@police_frequency
📢 🇺🇸 🚷 Congressman Andy Ogles on X:
Excited to announce that my 83-page ASSIMILATION Act has been introduced.
Months of labor were undertaken by my staff, Senator Tuberville and myself in order to GUT the Hart-Celler Act of 1965, as well as scrap provisions of the Immigration Act of the 1990s.
The goal of this bill is simple: end replacement migration and ensure American cultural cohesion.
This bill will end the H-1B scam, ensure migrants NEVER become a public charge, and make America look like America again. FYI, net immigration immediately decreases by 85% under this bill.
Some other things it does:
• National Interest Standard
• Stringent Character Tests
• Mandatory E-Verify
• Ends Chain Migration
• Ends Diversity Lottery
• GUTS Birthright Citizenship
• WAY Tougher Asylum Standards
• Stronger Public Charge Rules
• 10 Year Citizenship Requirement
• English & American Civics PROFICIENCY
📎 Rep. Andy Ogles
