World Economic Fuck'em

Speaking to reporters on Monday night, President Trump boasted of his his ramped up embargo on Cuba, which has involved cutting off Venezuelan oil shipments and pressuring Mexico to end its oil exports, causing major fuel shortages in the country. “Cuba is right now a failed nation, and they don’t even have jet fuel for […]

"The Situation Is Dire": Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf There are thousands of ships in the global oil tanker fleet, by some estimates nearly as many as 9000 (and that excludes sanctions vessels). Just a fraction of these are either waiting to enter the blockaded straits of hormuz, or to leave it.  By contrast, the global LNG fleet is a tiny fraction, and now most of it is stuck inside the Persian Gulf.  According to the WSJ, at least 20 LNG carriers a bout half...

Iran Signals Ready To Deescalate After Defense Minister, IRGC Chief Killed In US-Israeli Strikes Update (10:00ET): Will the chaos be contained, after Iran unleashed retaliatory missiles on at least five regional countries, including Israel? Iran is quickly signaling that it's not willing to escalate this further, hoping for a halt in the US-Israeli operation: Iran is attacking U.S. military facilities in the Middle East region and not "Americans in their land," Iranian Foreign Minister Abbas Araghchi said in his exclusive interview with NBC News. He added that Tehran was interested in de-escalation and ready...