We know what’s coming and we are prepared.
🌀 🇺🇸 🛢 Hurricane Shuts 63% Of US Gulf Oil Output, Threatens Refineries; Jefferies Warns Of "Fuel Supply Event"
Bloomberg cites data from the Marine Minerals Administration showing US Gulf offshore oil producers have halted about 1.28 million barrels per day, equivalent to shutting in 63% of regional output.
Hurricane Isaias forced offshore oil and natural gas producers in the Gulf of America to halt a sizable amount of production as the Atlantic's first hurricane of the season churned toward the coast, with potential landfall impacts across portions of Louisiana, Mississippi, Alabama, and the Florida Panhandle.
Producers with offshore rigs have already shuttered 25% of crude output and 16% of NatGas production and evacuated workers from eight platforms and two rigs.
The disruption to offshore oil and NatGas rigs comes as a global refining crisis deepens, and there is little room for error in the US, as refineries operate near full capacity.
🇺🇸⚔️🇮🇷 US blockade squeezes Iran's economy but may not force a deal
A US naval blockade has cut Iran's oil exports to a trickle and pushed inflation near 90%, but may not force Tehran to concede, Capital Economics argued on October 27.
Tracking estimates put Iran's seaborne crude exports at around 50,000 barrels a day (b/d) in both August and September, against 1.5mn-2.0mn b/d before the war, wrote Jason Tuvey, deputy chief emerging markets economist at the London-based consultancy. No crude has been loaded at Kharg Island, Iran's main export terminal, since late August, and Iraq and Pakistan have closed some border crossings with Iran, curbing its overland oil sales.
Oil exports were earning Iran $2bn-3bn a month before the war, Tuvey estimates, so a fall of more than 95% in seaborne volumes strips Tehran of most of its hard-currency income after more than 100 days of blockade. The central bank has already cut the dollars it supplies for imports to $27bn in the first seven ...
Marxists have rebranded. When you hear “stakeholder capitalism”, you are really hearing “marxism”.
When you hear “mutual aid”, you are hearing “marxism”.
When you hear “public-private partnership”, you are hearing “marxism”.
When you hear “racism” you are hearing “marxism”.
When you hear “mass migration”, you are hearing “marxism” & “globalism”.
When you hear “Islamaphobia” you are hearing “marxism”, “jihad”& globalism”.
Do you get it now?
@NoAgendaLara
