Is Oil About To Become Front-Page News Again?

Authored by John Rubino via DollarCollapse.com,

Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future,…

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Welfare By Another Name

Authored by James Rickards via The Daily Reckoning,

One of the first things I learned as a registered Washington lobbyist, (yes, I admit it, I was a lobbyist in the 1990s), is “you can’t beat something with nothing.”

That’s a Washington insider’s way…

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Emperor of Boring

Guest Post by Maria K. Fotopoulos Badgers, moles, water voles and foxes burrow. Elon Musk, of Tesla, SpaceX, SolarCity and PayPal fame, would have us humans in Los Angeles (and elsewhere) do the same. Musk actually gets lauded for wanting to turn us into burrowing animals. Go figure. That was the takeaway from the May … Continue reading “Emperor of Boring”

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Robert De Niro Issues Total Trump Ban From All Nobu Restaurants

President Donald Trump is no longer welcome to Nobu, the upscale restaurant chain co-founded by actor Robert De Niro – who called Trump “Jerkoff-In-Chief” and a “fuc*ing fool” in a profanity-laced awards show tirade in January. 

De Niro told the Dai…

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Can Bitcoin Become A Flight-To-Quality Asset?

Authored by Omid Malekan via Medium.com,

2018 might be the year we find out.

There’s an old saying on Wall Street that when times are good, you should focus on the return on your capital, but when times are bad, you should only care about the retur…

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Why The Fed Is About To Adjust The Interest On Excess Reserves

In addition to the hawkish discussion on timing of future rate hikes (“soon”), offset by the Fed’s dovish admission it is willing to tolerate a “modest” inflation overshoot, coupled with the FOMC’s thoughts on the shape of the yield curve, and the pote…

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Large bus firm announces cutbacks

Nakhonchai Tour Co Ltd, a major inter-provincial bus operator based in Nakhon Ratchasima, has told the Department of Land Transport it is having to cut its service by 30% due to the impact from soaring diesel prices.

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The UK North Sea Is Back With Successful Oil Licensing Round

The UK Oil and Gas Authority (OGA) awarded on Wednesday 123 licenses over 229 blocks or part-blocks to 61 companies in the 30th Offshore Licensing Round in the UK North Sea, expecting the round to lead very quickly to activity and boost exploration. Th…

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EV Revolution Could Wipe Out $21 Trillion In Oil Revenue

Hardly a day goes by without a research company releasing yet another report forecasting the future of electric vehicles and all related industries, oil included. Some of these are skeptical, but most predict a bright future for electric cars. The late…

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Permian Growth Is Reaching Its Limits

The Permian isn’t just suffering from a bottleneck for oil, but also for natural gas. In 2016, for instance, gas flows leaving the Permian typically clocked in at about 3.6 billion cubic feet per day (Bcf/d), according to S&P Global Platts. That number…

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Argentine Bank To Use Bitcoin For Cross-Border Transactions

May has not been a good month for Emerging Markets in general, but perhaps none (other than Turkey now) were hit harder than Argentina which raised rates to an astonishing 40% in an effort to defend massive capital flight and the crash in its currency …

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Tales From “The Master Of Disaster”

Authored by EconomicPrism.com’s MN Gordon, annotated by Acting-Man.com’s Pater Tenebrarum,

Tightening Credit Markets

Daylight extends a little further into the evening with each passing day.  Moods ease.  Contentment rises.  These are some of the man…

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Mexico’s Oil Sector Set For A Jolt

Several years on from the semi-privatization of its oil sector, Mexico has lined up tens of billions of dollars of potential investment in offshore drilling. But just as the fruits of the energy reforms are becoming visible, the entire effort is at ris…

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May 23/FOMC DOVISH ON THEIR STATEMENT OF INFLATION AND THAT SENDS GOLD HIGHER IN THE ACCESS MARKET/GOLD AT COMEX CLOSING: $1290.35 AND SILVER AT COMEX CLOSING: $16.39/TROUBLE IN ITALY AS ITALIAN PRESIDENT MATTERELLA OK’S CONTE AS PREMIER AND THAT CAUSES ITALIAN BOND YIELDS TO RISE AND STOCK MARKETS TO PLUMMET AS BUDGETS WILL BASICALLY BLOW UP WITH THE HUGE EXTRA SPENDING/TURKISH LIRA AT FIRST COLLAPSES, THEN CENTRAL BANK RAISES RATES BY 3% TO 16.5% TO STABILIZE THE CURRENCY: IT WILL NOT WORK!/HUGE SWAMP STORIES FOR YOU TONIGHT/

    GOLD: $1290.35  DOWN  $2.35  (COMEX TO COMEX CLOSINGS) Silver: $16.39 DOWN  17 CENTS (COMEX TO COMEX CLOSINGS) Closing access prices: Gold $1293.30 silver: $16.45 For comex gold: MAY/ NUMBER OF NOTICES FILED TODAY FOR MAY CONTRACT:34 NOTICE(S) FOR 3400 OZ. TOTAL NOTICES SO FAR 719 FOR 71900 OZ (2.2365 tonnes) For silver: MAY 22 NOTICE(S) FILED TODAY […]

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USC Under Federal Investigation For Anti-Male Discrimination

Authored by Toni Airaksinen via Campus Reform,

The U.S. Department of Education is officially investigating allegations that the University of Southern California excludes male students from certain educational opportunities.

The Title IX investiga…

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Tired Yates keeps hold of Giro lead

Australian pro cycling team Mitchelton-Scott took another step closer to a maiden grand tour victory as their British rider, Simon Yates, retained the lead.

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High-speed airport link auction shapes up

The terms of reference (ToR) for the 224.54-billion-baht high-speed railway linking Don Mueang, Suvarnabhumi and U-tapao airports to serve the much-touted Eastern Economic Corridor (EEC) scheme are scheduled to be unveiled today.

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