US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022

"Too Many Things Are Out Of Whack..." Authored by James Howard Kunstler, "The people we care about most, the undocumented migrants..." - Sen. Chris Murphy (D-CT) Cult Classics Tensions rise as the green fuse drives the flowers of springtime (and thank you, Dylan Thomas, for the loan.) Too many things are out of whack. Some are actually breaking. A physics of events is at work that will bring our affairs back to true, but expect it to be painful. Okay, you’ve been warned. Asia, especially, suffers bigly with the Persian Gulf shut-down. For decades these countries took the oil flows...

South African Impeachment Committee To Hold First Meeting On President's "Farmgate" Scandal South Africa's parliament has scheduled for Monday the first meeting of an impeachment committee ​that will probe allegations around President Cyril Ramaphosa's "Farmgate" scandal, Reuters reported citing the Democratic Alliance ‌party.  The meeting is the next stage in an impeachment process against Ramaphosa that was revived by the Constitutional Court this month, in a setback for the leader for whom the ​affair has been a major embarrassment during his presidency.  South African President Cyril Ramaphosa speaks to lawmakers in parliament,...

Coffee Lovers, Take Note: Lavazza Sounds Alarm, Suggest It May Be Time To Stock Up Following the largest daily surge in Arabica coffee futures since the Dot-Com bubble, the head of Italian coffee giant Lavazza Group warned that prices are unlikely to fall over the next two years. Giuseppe Lavazza, chairman of the Italian roaster, was quoted by Bloomberg as saying, "The market needs to have stability before it's time to think about a reduction of prices." Lavazza explained that it will take two harvests and a massive rebuilding phase to replenish...