Crude Confusion And Authoritarian Capriciousness
The "recent rally has lost steam on concerns that a surge in COVID-19 cases from the Delta variant could derail the recovery just as more barrels hit the market," the IEA said, in its monthly report. Demand, the Paris-based body assessed, has "abruptly reversed course."
A marked cut (550,000 barrels a day) to the agency's second half demand outlook appeared somewhat incongruous with the White House's urgent call for OPEC to hasten the reversal of pandemic production cuts. The pace of recent sup
The best thing that the US can do to support the “myth” of the USD is to uphold the rule of law. It is a slippery slope.
If our country decides to have a rent moratorium or forgive student loans, then the counter-party to that original agreement- lawfully entered into in the US under existing law at that time- should be made whole by the same government that decided rent moratoriums were a good idea.
From my perspective, my “distrust” of the system is now on “high alert”.
To my untrained eye, Chinese authoritarianism and American democracy have much in common if you consider the increasing challenges each faces. Hope might be working together until one considers how impossible that seems for Republicans and Democrats here. Are humans predisposed to conflict over cooperation and therefore doomed. My guess is that this dynamic is correlated to population size.
Regarding pump prices vs. crude value, this has been big oil’s playbook since I can remember. Whenever oil prices go up, gas prices immediately follow suit. But when oil prices go down, there is always a lag in gas prices. I’m sure some regulatory body could easily prove this out and that it’s a scheme to rake profits but that just never seems to happen. I’m sure it has nothing to do with the regulator having come from the very industry they are supposed to regulate. It’s just a factor of too many other high priority items to focus on.