"Diesel Is At Epicenter Of Supply Squeeze,": Goldman

Oil Rises As Three More Warships, Thousands Of Marines Dispatched To Mideast; Trump Blasts 'Paper Tiger' NATO Summary Oil rises on news of a second massive Marine deployment toward Gulf in a week, as Trump calls NATO a 'paper tiger'. IRGC contradicts Bibi: says missile production is ongoing, is of "no concern" - even as IRGC spokesman Ali Mohammad Naeini is reported killed. Energy war ongoing: Major sites damaged across the region - Haifa refinery hit, Qatar LNG output cut 17%, Kuwait facilities ablaze. Kharg Island escalation looms: Trump admin weighing seizure of Kharg Island...

Zero Sum: Cities Have Little To Show For Big Spending Authored by Jeremy Portnoy via RealClearInvestigations, America’s largest cities are increasing their spending at almost unprecedented rates. A RealClearInvestigations (RCI) analysis of cities with at least 500,000 residents found they cumulatively raised their per-person spending by 18 percent over the last 10 budget cycles, accounting for inflation. The only equivalents on record are the spending surges ignited by the Great Society programs of the 1960s and Franklin D. Roosevelt’s New Deal during the 1930s. But unlike those past eras, today’s cities do not have...