Saudi Arabia's $5 Oil Detour Is Expensive... But Worth It

Leon Black Sues Congress To Avoid Epstein Testimony Between 2012 and 2017 - after Jeffrey Epstein got out of prison - billionaire Leon Black paid him roughly $170 million. Black has not provided a credible explanation as to why he paid Epstein amounts vastly exceeding those paid to other professional advisors - and instead of sitting down to explain it to Congress on Thursday, he sued the House Oversight Committee.  Recall, Black: Paid Epstein $158 million per Dechert, the law firm Apollo hired, or $170 million per Sen. Ron Wyden's investigation. Stepped down as Apollo CEO in 2021...

China Added 200,000 Bpd To Crude Reserves In July Despite Hormuz Crisis By Tsvetana Paraskova of OilPrice.com China is estimated to have added about 200,000 barrels per day (bpd) of crude oil to its huge inventories in July as imports rebounded from a decade-low in June and refinery runs remained depressed. The world’s top crude oil importer, unlike other major oil consumers, started drawing down on stockpiles only in May, the third month of the Middle East crisis, as it had amassed an estimated 1.4 billion barrels of crude oil in commercial...

The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.