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WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows

WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows Oil prices are chopping sideways (to modestly higher) for the second day in a row as traders weighed the ‘dark fleet’ transits with renewed tensions in the Middle East further clouding the outlook for flows through the vital Strait of Hormuz.… Continue reading WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows

Fuel Rationing Reaches Moscow Amid ‘Second Wave’ National Shortages

Fuel Rationing Reaches Moscow Amid ‘Second Wave’ National Shortages Already Russia has been subject to many months of a ramped-up long-range drone campaign out of Ukraine, chiefly targeting oil refineries as well as industrial sites – and most recently expanding to online retail companies and attacks on private sector businesses.  Tuesday saw one of the… Continue reading Fuel Rationing Reaches Moscow Amid ‘Second Wave’ National Shortages

DOE Cancels 3 National Transmission Corridors, Citing “Green New Scam”

DOE Cancels 3 National Transmission Corridors, Citing “Green New Scam” By Diana DiGangi of UtilityDive Summary The U.S. Department of Energy will not move forward with the designation of three proposed National Interest Electric Transmission Corridors that the Biden administration selected for review in 2024, saying in a Wednesday release that the corridors were selected as… Continue reading DOE Cancels 3 National Transmission Corridors, Citing “Green New Scam”

Here Comes QE Lite: Yields, Dollar Tumble, Gold Spikes After Treasury Unexpectedly Doubles Size Of Long-End Treasury Buybacks

Here Comes QE Lite: Yields, Dollar Tumble, Gold Spikes After Treasury Unexpectedly Doubles Size Of Long-End Treasury Buybacks Over the past several years, one of the more amusing debates gripping the market’s Fed-watchers was whether the Fed’s treasury buyback auctions were a form of soft QE, with this website consistently arguing that – contrary to… Continue reading Here Comes QE Lite: Yields, Dollar Tumble, Gold Spikes After Treasury Unexpectedly Doubles Size Of Long-End Treasury Buybacks

Another AI Reacharound? Marvell Shares Rip On Chips-For-Warrants Deal With Google

Another AI Reacharound? Marvell Shares Rip On Chips-For-Warrants Deal With Google The circular financing circus rolls on… Marvell shares are soaring this morning after fabless chip designer announced an expanded chip-development partnership with Google that includes a warrant from Marvell allowing the search giant to buy as much as $12.2 billion in shares. The two… Continue reading Another AI Reacharound? Marvell Shares Rip On Chips-For-Warrants Deal With Google

Democrat Texas Reps Urge Cities to Separate Ties with ICE

Two prominent Texas Democrats, Congressmen Joaquin Castro (D-TX) and Greg Casar (D-TX), urged six Bexar County cities to end their 287(g) agreements with U.S. Immigration and Customs Enforcement (ICE). The agreements, required for all county jails under Texas law, allow state and local police officers to carry out certain immigration enforcement activities delegated to them… Continue reading Democrat Texas Reps Urge Cities to Separate Ties with ICE

Ossoff takes a sleazy shot at Trump — Jesse Watters’ response is priceless.

Fox News’ Jesse Watters brushed off a dig at President Donald Trump by Sen. Jon Ossoff, D-Ga., on Tuesday. The lawmaker implied there was an inappropriate relationship between the president and Natalie Harp, a female aide. While giving a speech at a rally on Sunday, Ossoff called out the two in a statement that is… Continue reading Ossoff takes a sleazy shot at Trump — Jesse Watters’ response is priceless.