'Tank Bottoms' Loom At Cushing After Across-The-Board Inventory Draws, Another Huge SPR Drain

Iranian Foreign Minister Abbas Araghchi said on Thursday that the talks between US and Iranian officials in Geneva were one of the most “serious” rounds of negotiations yet, though the threat of a US attack on Iran remains, as there were no signs of a major breakthrough. Araghchi told Iranian TV that the talks “made […]

In Charts: US Does Not Rely On Strait Of Hormuz Oil While Asia Stands To Lose Authored by Sylvia Xu via The Epoch Times (emphasis ours), The Strait of Hormuz has been called the jugular vein of the world’s oil supply, and as Operation Epic Fury continues, Iran continues to have a chokehold on the critical supply route. About one-fifth of the world’s oil and gas is typically shipped through the narrow waterway connecting the Persian Gulf to the Arabian Sea. But Iran’s attacks on commercial vessels have brought traffic through the strait...

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...