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US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022
One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it, Goldman forecast that global visible oil inventories are likely to reach record-low levels even in an optimistic scenario where Hormuz flows start to recover by the end of April).
Moments ago the already precarious inventory picture...
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Apr 13, 2026 / Tyler Durden
The Case Against Public-Sector Unions
The Case Against Public-Sector Unions
Authored by Aaron White via RealClearPolicy,
America’s public-sector unions have a problem they can’t explain away: Workers are leaving.
Ask a public employee when they joined their union and most couldn’t tell you. Because they didn’t join. The dues just started coming out of their check.
That’s not a membership, and for decades nobody told workers they could opt out.
That changed in 2018, when the U.S. Supreme Court affirmed in Janus v. AFSCME that no government employee can be forced to join or pay dues to a labor union.
Hundreds of...
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Feb 25, 2026 / Tyler Durden
"I Did Nothing Illicit": Bill Gates Begins Apology Tour Over His Epstein Ties
"I Did Nothing Illicit": Bill Gates Begins Apology Tour Over His Epstein Ties
A week after Bill Gates abruptly pulled out as a keynote speaker at a high-profile global AI summit in India, the left-wing billionaire finally mustered enough nerve to "take responsibility for his actions" over his ties to late financier and sex offender Jeffrey Epstein during a town hall meeting with Gates Foundation employees.
The Wall Street Journal reports that Gates told employees at a town hall event for the foundation on Tuesday that he never spent time with...
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Apr 29, 2026 / Tyler Durden
Alphabet Surges After-Hours On Record Search Queries, Backlog Builds
Alphabet Surges After-Hours On Record Search Queries, Backlog Builds
Google shares are rallying after hours as parent Alphabet's first-quarter earnings report showed strong revenue growth in cloud computing and internet search ads, helping investors look past slowing profits amid huge AI spend.
Earnings per share were $5.11, well ahead of Wall Street's consensus estimate of $2.63, and up from $2.81 last year.
Revenue for the quarter reached $110 billion, more than expectations of $107 billion, and up 22% on the year.
The most closely watched line in Google's reporting is its cloud unit...
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