We know what’s coming and we are prepared.
🇨🇳🛢 Excluding any US-Iran talks about Hormuz, China remains the most important factor for oil prices for the next 60 days or so. All eyes on Beijing.
Ex-China Asian oil imports have recovered to normal levels within the 2023-2025 range. What China does next is crucial.
Last week, I wrote this Opinion column about what China may do next. I see a recovery in oil imports in July and August, but purchases will remain 25% below pre-war levels. Based on my industry soundings, I don't see China stockpiling in the short-term.
Important to note that the (very preliminary) data for July 1-14 shows no recovery whatsoever in Chinese oil imports, with seaborne offloadings running at ~5.5m b/d (below June average), per Vortexa data. That's extraordinary for a country that pre-war was buying 10-12m b/d.
🔗 Javier Blas
📝 🇺🇸 🌹 "We're Here To Destroy The White Race": Democratic Socialist Of America Hero Declares War On West
Marxist streamer Hasan Piker has emerged as an increasingly visible, if unofficial, spokesman for the Democratic Socialists of America's rapidly expanding political action network. He campaigned for Michigan Democratic Senate candidate Abdul El-Sayed and Wisconsin gubernatorial candidate Francesca Hong while cultivating close ties with socialist New York City Mayor Zohran Mamdani.
Piker calls on his followers to "kill capitalists".
Piker: "We want more immigrants to come into your countries and then they're gonna f**k your sisters and then your daughters. We're here to destroy the White Race, Bitch."
Piker: "America deserved 9/11. I do not support the United States of America."
Piker: "I don't have any sort of patriotism in my heart for America."
Piker's close proximity to DSA-aligned candidates, combined with anti-American rhetoric and revolutionary Marxism that ...
The Left Is Lying About Medicare: Trump Ended Biden's Insurer Bailout, Not The Drug Benefit
Democrats flooded X with #RepublicanMedicareCuts — but what Trump actually ended was a Biden-era slush fund that handed $40 billion to insurance companies. Medicare Part D remains fully intact — seniors keep their coverage.
