IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast

Waste Of The Day: Defunct Veterans' Hotline Authored by Jeremy Portnoy via RealClearInvestigations, Contractors working at the Department of Veterans Affairs' suicide-prevention hotline earned $11.2 million without answering a single phone call, according to a Sept. 1 report from the VA inspector general. Key facts: The Veterans Crisis Line is available 24 hours per day for veterans experiencing a mental health emergency. Trained government staff answer calls, provide support and send a medical team if there is an immediate risk of harm. In 2019, a contractor was hired to establish a backup crisis...

Oil Conundrum: Record Inventory Draws And Stable Crude Prices Something strange is taking place in oil. Crude prices have been remarkably stable over the last week, with Brent mostly trading in the high 90s on mixed prospects for the resolution of the over 7-week conflict in the Persian Gulf, despite signs to the contrary: the second round of talks between the US and Iran has been postponed indefinitely following Iran’s decision not to participate; President Trump extended a ceasefire “until such time as their proposal is submitted, and discussions are...

President Donald Trump ordered the Department of War to prepare for a potential ground operation to seize Iran’s stockpile of 60% enriched uranium.  According to two sources speaking with The Washington Post, the Pentagon developed a plan to land troops in Iran, build a runway, and leave the country with Tehran’s 1000 pounds of highly […]