Resource Nationalism: China Halts October Fuel Exports, Tightening Global Diesel Squeeze

The Petrodollar Could Break Soon - And Upend The Global Financial System Authored by Nick Giambruno via InternationalMan.com, The Iran war could claim a casualty far more consequential than a missile battery, an air base, or an oil tanker: the petrodollar system. For more than 50 years, US protection of the Gulf monarchies has helped support global demand for dollars and US government debt. That bargain may now be coming under strain. The concept is straightforward. The US provides military protection to countries such as Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, and...

Blue Owl Stock Slides After Moody's Cuts Outlook To "Negative" On Surging Redemption Requests Blue Owl stocks is getting slammed this morning, erasing all early gains, after Moody's Ratings cut its outlook on a $36-billion Blue Owl non-traded fund to "negative" from "stable" on Tuesday, citing redemption requests that were significantly higher than at peers in the first quarter. Moody's also said the change in the outlook on Blue Owl Credit Income Corp (OCIC) is ​due to the majority of the redemption requests coming from a very limited number of investors,...

Trump Promises Voter ID "Whether Congress Approves Or Not" The SAVE America Act squeaked through the House this week by five votes. The final tally was 218-213, with Rep. Henry Cuellar of Texas standing as the lone Democrat to cross party lines.  On Friday, Sen. Susan Collins (R-Maine) gave Republicans their 50th vote late Friday afternoon, telling Maine Wire the revised bill strikes an appropriate balance between election security and voter access.  “The law is clear that in this country only American citizens are eligible to vote in federal elections. In addition,...