š¢ 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 donāt 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, Chinaās 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 hereās the thing. If end-user demand isnāt down and you still have a production shut-in of ~8 million b/d, you are losing barrels in one form or another. Yes, China might not be importing crude, but it is drawing down product inventory. No one has visibility into how much China has in products right now, but it canāt be far from very low levels.
The same could be said for product inventories across the globe. Elevated crack spreads are a sign that despite higher refinery throughput in the coming weeks/months, the world still doesnāt have enough products. You can see this in the price action in the spreads.
š https://www.hfir.com/p/we-are-still-going-full-speed-into
NEW STUDY: Topical vitamin C in DMSO completely ELIMINATED 56% of biopsy-confirmed skin cancers in just 12 weeks.
44% of the squamous cell carcinoma lesions SHRANK by over 85%.
94% of patients were able to AVOID surgery.
The average cancer lesion size dropped 71%.
The treatment was 30% ascorbic acid in a 95% DMSO/5% distilled-water solution, applied twice daily for 12 weeks.
DMSO was used as a skin-penetration enhancer, helping the vitamin C pass through the outer skin barrier and reach the lesion more effectively.
https://www.thefocalpoints.com/p/study-topical-vitamin-c-in-dmso-eliminated
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Scientists have now developed a way to genetically engineer lettuce with pig DNA to make plant-based meat taste like meat
The is a new 2026 study that inserted pig myoglobin genes into lettuce chloroplasts, which persisted in the lettuce grown from the harvested seeds. āThis research follows the British company Moolec, which inserts pig DNA into soybeans to create what they call piggy soyā
āSince this is all considered gene editing and not genetic modification, it bypasses most regulation and can be sold with little restrictionsā
I have no words for how depraved the minds of these Christ-hating transhumanist idiots are.
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š®š± Israel's New Grand-Strategy;
Excerpts from an article published by the Institute for National Security Studies (INSS), a think tank funded by the Tel Aviv University:
'The United States is a ādeclining powerā and, given its ongoing social and political shifts, will soon abandon Israel in any event.'
'Severing ties with the United States is therefore not only inevitable, but essential to Israelās independence.'
'The stateās Jewish identity takes precedence over its democratic system of government.'
'any arrangement with Arab actors is temporary and deceptive'
'War is necessary, and preventive war is preferable because it secures a significant achievement at the outset.'
'most Arab states are not genuine nation-states ⦠undermining their stability is viewed as a natural process, one that Israel can manage more effectively than it can contend with strong nation-states, and one that it should even encourage.'
'Defense is established by creating communities and ...
This is something that needs to be spoken about openly, as these sytems grow more insatiable it is going to change for the worse not better. You can clearly see the sites are all either news or pharmacy, this is about worldwide exploitation especially in western society concerning young adults and even, especially, children who have been abused or incarcerated unfairly.
This is typically because their lives have already been deemed unwanted as they have been put into foster care or sex trafficked then risk being put into forced pschiatric facilities for the rest of their lives (where new drugs are tested and experimented on youth) or behavioral labour camps (which make a profit).
The excuse is for learning disabilities or for mental illnesses (which are solely reaction s to their abuse not an illness- ie pysch fraud) is the sickest form of exploitation imaginable and yet it is happening in America and the UK and has been happening for decades solely because everyone is complicit. All programs shown are operative in America and The UK.
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š” š«š· š¬ Hundreds of French supermarkets have been hit by a cyber attack that caused their fridges and freezers to heat up, spoiling fresh and frozen food estimated to be worth millions of euros.
Hackers reportedly gained control of the software that regulates the temperatures of the refrigeration units, forcing some to warm to 50C (120F) overnight.
Almost 100 of the chain's stores were targeted, while between 150 and 200 IntermarchƩ supermarkets were affected, according to the AFP news agency.
IntermarchƩ said its fridges had heated up to 50C for six hours overnight into Monday, and the retailer had thrown away all the affected food to avoid health risks, the Reuters news agency reported.
Prosecutors in Paris confirmed the cyber attack and indicated it had prompted fire outbreaks, according to AFP.
š Rushi: "Weāve connected so much of our physical world to the internet that apparently even keeping milk cold is now a cybersecurity problem."
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