This Week’s Oil Futures Spike Is About To Hit Consumers At The Gas Pump

This Week’s Oil Futures Spike Is About To Hit Consumers At The Gas Pump By Tyler Durden The attack on a Saudi Arabia oil facility, now being blamed on Iran, which caused crude oil futures to spike more than 10% to start the week is likely going to start hitting consumers at the pump over the next couple of days, according to Bloomberg. Despite retail gasoline futures jumping as much as 20 cents on the New York Mercantile Exchange early in the week, the average US retail gasoline gallon rose…

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Iran War Imminent? Trump Says US “Locked And Loaded” To Respond To Saudi Attack

Iran War Imminent? Trump Says US “Locked And Loaded” To Respond To Saudi Attack By Tyler Durden Just as the price of oil was settling down from its record surge, it spiked once again, following a tweet by president Trump which has made war with Iran virtually inevitable. Just before 7pm, Trump tweeted that “Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe…

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Conflicted Judge Abets Chevron Retaliation Against Heroic Lawyer Steven Donziger

Conflicted Judge Abets Chevron Retaliation Against Heroic Lawyer Steven Donziger By Aaron Kesel For over a decade, New York lawyer and activist Steven Donziger, of Donziger and Associates, has been fighting Chevron after the oil giant bought out Texaco. However, just when we think we’ve seen it all in the Chevron case, NY District Court Justice Lewis Kaplan seeks to prove we ain’t seen nothing yet. Judge Kaplan wants Amazonian lawyer, Steven Donziger, destroyed, at all costs! Background This author was first made aware of the Amazonian villagers’ suffering, and…

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41 Inconvenient Truths on the “New Energy Economy”

41 Inconvenient Truths on the “New Energy Economy” By Mark P. Mills A week doesn’t pass without a mayor, governor, policymaker or pundit joining the rush to demand, or predict, an energy future that is entirely based on wind/solar and batteries, freed from the “burden” of the hydrocarbons that have fueled societies for centuries. Regardless of one’s opinion about whether, or why, an energy “transformation” is called for, the physics and economics of energy combined with scale realities make it clear that there is no possibility of anything resembling a…

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Spain Says Iranian Oil Tanker Was Seized by Britain at US Request

Spain Says Iranian Oil Tanker Was Seized by Britain at US Request By Jason Ditz (ANTIWAR.COM) — In a move that threatens to hugely escalate tensions between Iran and the US, British Royal Marines raided and seized an Iranian oil tanker at Gibraltar on Thursday. The tanker was accused by British officials of heading to Syria in violation of EU sanctions. Iran’s Foreign Ministry confirmed summoning the British Ambassador to express “very strong objection to the illegal and unacceptable seizure” of the ship. Analysts expressed surprise at the unusually aggressive move against a…

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British Marines Seize Oil Tanker Suspected of Bringing Iranian Oil to Syria

British Marines Seize Oil Tanker Suspected of Bringing Iranian Oil to Syria By Jason Ditz (ANTIWAR.COM) — British Royal Marines seized an oil tanker in Gibraltar on Thursday. They suspected the tanker was headed to Syria, which would be a violation of US and EU sanctions. The Grace 1 oil tanker was believed to have started its journey in Iran. “That refinery is the property of an entity that is subject to European Union sanctions against Syria,” Gibraltar Chief Minister Fabian Picardo said. “With my consent, our port and law enforcement agencies…

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Chevron Corruption: Fed Judge Kaplan Seeks Destruction of Amazonian Lawyer, Steven Donziger

Chevron Corruption: Fed Judge Kaplan Seeks Destruction of Amazonian Lawyer, Steven Donziger By Aaron Kesel Judge Lewis A. Kaplan has ordered that lawyer and activist Steven Donziger, who was fighting for Amazonian villagers, can be fined an egregious amount of money per day. To block historic Ecuador pollution judgment against @Chevron, U.S. judge Kaplan threatened me with jail and ordered me to turn over passport, computer and cell phone to the company. I am refusing, at least until appellate review. Read my statement: https://t.co/IVYQXOUYI4 pic.twitter.com/uQYr3w58Ev — Steven Donziger (@SDonziger) June…

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Do You Remember The Oil Crisis And “Stagflation” Of The 1970s? In Many Ways, 2019 Is Starting To Look A Lot Like 1973…

Do You Remember The Oil Crisis And “Stagflation” Of The 1970s? In Many Ways, 2019 Is Starting To Look A Lot Like 1973… By Michael Snyder The price of gasoline is rapidly rising, economic activity is slowing down, the Middle East appears to be on the brink of war, and Democrats are trying to find a way to remove a Republican president from office.  In many ways, 2019 is starting to look a lot like 1973.  For many Americans, the 1970s represent a rather depressing chapter in U.S. history that…

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Saudi Arabia is Threatening to Ditch the Petrodollar

Saudi Arabia is Threatening to Ditch the Petrodollar By Tyler Durden Three year ago – almost to the day – Saudi Arabia rattled its first sabre towards the United States, with an implicit threat to dump US Treasuries over Congress’ decision to allow the Saudis to be held responsible for the 9/11 attacks. In a stunning report at the time by the NYTimes, Saudi Arabia told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill…

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SCANDAL: Today, Europe Votes On A Law That Could Change The Internet — Sold Out For A Russian Pipeline

SCANDAL: Today, Europe Votes On A Law That Could Change The Internet — Sold Out For A Russian Pipeline By Aaron Kesel European MEPs meet inside the European Parliament today to vote on a law that will forever change the World Wide Web … and that vote was bribed for access to an oil pipeline, Tech Dirt reported. If the numerous blatant mafioso tricks by EPP Group and other political parties involved in the copyright directive or ACTA 2, such as attempting to change the voting date, intimidating politicians by…

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