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Oil Trouble

🛢 Oil Markets Are Dangerously Complacent About What’s Coming — Commodities Veteran Jeff Currie

Jeff Currie, former Goldman Sachs global head of commodities research and now senior adviser at Carlyle, warns financial markets are catastrophically underestimating the oil crisis building beneath the Iran war.

📌 “You’re borrowing oil from the future”:
“There’s a big difference between a deficit and a shortage. We’re in a deficit. Demand is above supply. We are drawing inventories.”

U.S. distillate inventories have already fallen to 102 days of supply from 120 just weeks ago. Gulf Coast tank bottoms sit around 200–220 million barrels. “If you get below 220, you’re already in a pretty tricky situation. We’re not that far away.”

📌 “You’re going to have to feel it”:
Currie says the inflection point where deficit becomes outright shortage could arrive within days: “If you’re at 102, you’re going to feel it like any day.”

📌 The Strait of Hormuz may not be forceable open:
“All you need is a guy with a rocket launcher and some drones. There’s no way you’re gonna force that thing open.”

He pointed to the Red Sea, where after two years of bombing Yemen, shipping traffic remains down roughly 75%.

📌 “The whole Bretton Woods architecture is done”:
Currie argues the closure of Hormuz shatters the core bargain underpinning dollar dominance: U.S. protection of global trade routes in exchange for the world using the dollar system. “Who’s ever going to trust them again?”

đź”— DropSite

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IN 2006, RESEARCHER CLEVE BACKSTER — THE MAN WHO INVENTED THE CIA'S LIE DETECTOR PROTOCOLS — PUBLISHED 36 YEARS OF EXPERIMENTS PROVING THAT PLANTS, BACTERIA, AND HUMAN CELLS IN PETRI DISHES RESPOND INSTANTANEOUSLY TO HUMAN THOUGHT AND EMOTION — EVEN AT DISTANCES OF HUNDREDS OF MILES. THE SIGNAL IS FASTER THAN LIGHT. IT DOES NOT DIMINISH WITH DISTANCE. IT IS NOT ELECTROMAGNETIC.
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Kennedy Starts a Push to Help Americans Quit Antidepressants

Federal health agencies announced a new national effort to reduce psychiatric overprescribing, informed consent, and expanding access to nondrug mental health approaches like psychotherapy, nutrition, and physical activity. https://bit.ly/4vqyFJB

The Kreuzpflicht ( 'cross obligation’): Bavaria legally mandates that crucifixes be hung in the entrances of all state public buildings, to reflect nation's Christian identity.
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