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Why Hasn't Oil Hit $150 (Yet)?
Why Hasn't Oil Hit $150 (Yet)?
Authored by Robert Rapier via OilPrice.com,
Global oil inventories and floating storage have acted as temporary shock absorbers against the Hormuz disruption.
OPEC spare capacity has stabilized markets, but it cannot fully replace lost Persian Gulf exports indefinitely.
Prolonged disruption could eventually exhaust market buffers and trigger a much sharper oil price surge.
I think most energy analysts would have been shocked to learn that roughly three months into a total closure of the Strait of Hormuz, oil would be trading at just over $100 a barrel. I...
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Mar 31, 2026 / Tyler Durden
Judge Reassigns Elon Musk Cases After Accusations Of Bias
Judge Reassigns Elon Musk Cases After Accusations Of Bias
Authored by Zachary Stieber via The Epoch Times,
A judge in Delaware on March 30 said she is reassigning cases involving Elon Musk after she was accused of being biased against him.
Delaware Court of Chancery Chancellor Kathaleen McCormick said in a letter to lawyers that she was taking the step because “disproportionate media attention surrounding a judge’s handling of an action is detrimental to the administration of justice.”
Attorneys representing Musk recently filed a motion for recusal or reassignment, pointing to how McCormick...
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May 18, 2026 / Kyle Anzalone
US Rejects Latest Peace Proposal From Iran
A senior US official said that the latest offer received from Iran was unacceptable, and President Donald Trump was considering breaking the ceasefire with Iran. According to a senior official and a second source speaking with Axios, the White House views the Iranian proposal presented to the US on Sunday as insufficient. Trump is expected […]
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May 20, 2026 / Tyler Durden
The AI Economy, Part 1: Looking Beyond The Facade
The AI Economy, Part 1: Looking Beyond The Facade
Authored by Michael Lebowitz via RealInvestmentAdvice.com,
The US economy’s curb appeal looks great. Consider that gasoline prices are nearly $5, crude oil is trading above $100, consumer sentiment is at historically low levels, and mortgage and other interest rates have remained relatively high. Yet, despite the worrisome headwinds, the US consumer-driven economy continues to expand. However, as with a house’s curb appeal, it’s not just the headline data that defines an economy. Equally important is its supporting structure. Let’s open the door...
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