Article
Record Tanker Rates Leave Heavy Crude Stranded In The Americas
Record Tanker Rates Leave Heavy Crude Stranded In The Americas
Authored by Irina Slav via OilPrice.com,
Record tanker rates are creating a heavy crude glut in the Americas, pushing Canadian, Colombian, and Ecuadorian crude prices down roughly $10 per barrel.
Shipping costs have surged to $40 per barrel, making American heavy crude increasingly uneconomical for Asian and European refiners.
The global diesel crunch is set to persist, as tanker shortages prevent heavy crude from reaching markets where demand remains strong.
The Middle East crisis has driven tanker rates to all-time highs and...
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May 8, 2026 / Tyler Durden
UCLA Med School Illegally Using Race In Admissions: DOJ
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A DOJ investigation into the University of California–Los Angeles (UCLA) found its medial school allegedly used applicants' race to discriminate against white and asian candidates.
Royce Hall on University of California, Los Angeles, campus is seen in Los Angeles on Aug. 15, 2024. AP Photo/Damian Dovarganes, File
In a seven-page letter released on Wednesday, the agency’s Civil Rights Division wrote that UCLA "continues to intentionally discriminate against applicants based on their race after the Supreme Court’s decision in Harvard by granting and denying admission on the...
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Sep 14, 2026 / Tyler Durden
Costco Begins Rationing Kirkland Signature Motor Oil As Refined Crisis Spreads
Costco Begins Rationing Kirkland Signature Motor Oil As Refined Crisis Spreads
Costco's Kirkland Signature motor oil has doubled in price, and customers now reportedly face a purchase limit as the Gulf energy conflict, combined with the Russia-Ukraine war, has sent the global refining market into a tailspin.
Auto news website The Auto Wire reports that a 10-quart package of Kirkland full-synthetic oil now costs about $58, up from around $30, with a new purchase limit of two packages per week.
Costco's online sales platform confirms an order limit: when attempting to order...
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Apr 3, 2026 / Tyler Durden
It's Past Time To Privatize The Post Office
It's Past Time To Privatize The Post Office
Submitted by QTR's Fringe Finance
A new piece from the Cato Institute lays out how bad things have gotten at the post office, arguing that the United States Postal Service is facing a severe and worsening financial crisis. According to the article, USPS has been losing billions of dollars annually for well over a decade and is now at a point where it cannot realistically fix its problems without major structural changes. I could have told you this after the horror show I lived through at the...
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