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
New fencing now being deployed in Australia. Wonder why people now need that?
BOMBSHELL: Census Bureau cross-referenced 128M voter records against citizenship data — over 24,000 noncitizens voted illegally in 2020. Trump: "The Census Bureau is going to analyze the next 32,000,000 Voters, and this number will explode." Pass the SAVE AMERICA ACT.
🔥🔥Hood County (Texas) Constable John D. Shirley unplugged and covered all of the county’s Flock Safety automated license plate reader cameras over the weekend.
An excerpt from his statement:
“Today is a good day for the Freedom of the people of Hood County.
I’ve finished the job of shutting down the county’s Flock cameras. They’ve been completely unplugged and covered. These cameras were constantly scanning and recording regular folks just going about their day. That kind of permanent, warrantless tracking doesn’t belong in a free society. By unplugging and covering them, we’re making it clear: privacy isn’t optional, and mass surveillance isn’t how we do things here.
…
To Flock Safety Systems: come get your garbage out of my county.”
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