Ford

Oil Industry About To Be Burned Again By Fall In Oil Prices

The current oil-price rally led many to believe that a full price recovery was underway. But inventories have been too large for that to happen short of epic supply interruptions. U.S. rig counts have surged as oil prices sink. Capital is driving the oil markets and it enables bad behavior by producers. That is why oil prices will stay low. The oil-price rally that began in February is over.

US Futures Rise With All Eyes On Kuroda As Global Stocks Tread Water

Following yesterday's Fed decision and ahead of tonight's far more important BOJ announcement, European stocks have posted modest declines, Asian shares rise toward 9-month highs, while U.S. equity index futures are fractionally in the green in the aftermath of Facebook's blowout earnings. The dollar has extended on losses after Yellen reiterated a gradual approach to raising interest rates, and was down 0.5% in early trading.

Michael Moore: 5 Reasons Why Trump Will Win

"I am sorry to be the bearer of bad news, but I gave it to you straight last summer when I told you that Donald Trump would be the Republican nominee for president. And now I have even more awful, depressing news for you: Donald J. Trump is going to win in November. This wretched, ignorant, dangerous part-time clown and full time sociopath is going to be our next president. Here's why..."

US Futures Unchanged As Europe Stocks Rise; Strong Dollar Pressures Oil

There has been little notable market moves overnight, with the record rally in the S&P500 set to continue and European stocks climbing as German IFO business confidence proved more resilient than economists predicted in the month after Britain voted to leave the European Union, falling less than expected from 108.7 to 108.3, above the 107.5 consensus, with expectations printing at 102.2 above the 101.2 expected. Bonds fell with gold as the dollar gained before central bank meetings in the U.S. and Japan this week.

'Brutus' Cruz & The Trump Takeover

About Cruz, a prediction: He will not be the nominee in 2020. He will never be the nominee. If Trump wins, Cruz is cooked. If Trump loses, his people will not forget the Brutus who stuck the knife in his back. Yet, beyond the denunciations of Trump and disavowals of his candidacy, something larger is going on here.

Crude Drops After US Oil Rig Count Jumps Most Since 2009

Having risen for 6 of the last 7 weeks, the US oil rig count extended its run with a 14 rig surge this week - the biggest absolute rise since Dec 2015. Oil rigs have now risen 55 rigs in the last 8 weeks - the biggest percentage rise since Dec 2009. WTI is tumbling to fresh 3-month lows on the news...

Elon Musk Reveals His "Master Plan", Part Deux

Create stunning solar roofs with seamlessly integrated battery storage
Expand the electric vehicle product line to address all major segments
Develop a self-driving capability that is 10X safer than manual via massive fleet learning
Enable your car to make money for you when you aren't using it

Why Some Republicans "Would Rather Attend The Hanging Of A Good Friend" Than Go To The Cleveland Convention

At a time when many Republicans are deeply dissatisfied with their nominee, pessimistic about their prospects for victory in the fall and alarmed about the direction of their party, there’s a reluctance about attending the convention more typically reserved for going to the DMV, being summoned for jury duty or undergoing a root canal. "I would rather attend the public hanging of a good friend", says Will Ritter, an up-and-coming Republican digital strategist who worked on the three previous conventions.

Frontrunning: July 6

  • For Hillary Clinton, Political Fight Over Emails Is Far From Over (WSJ)
  • More "Extreme carelessness" - Iraq inquiry slams Blair over legal basis for war (Reuters)
  • FBI Director Rebukes State Department Over Security Practices (WSJ)
  • Gold Climbs to Two-Year High as UBS Sees Start of New Bull Run (BBG)
  • Stocks and bond yields sink as growth fears set in (Reuters)

Climate, Energy, Economy: Pick Two

“Everything that is not resilient to high energy prices and extreme weather events will become economically unviable... and approach worthlessness. On the other hand,... Investments of time, energy, and money in resilience will become more economically valuable..."

Driver Of Self-Driving Tesla Was Watching Harry Potter At Moment Of Death

Frank Baressi, 62, the driver of the truck and owner of Okemah Express LLC, said the Tesla driver was "playing Harry Potter on the TV screen" at the time of the crash and driving so quickly that "he went so fast through my trailer I didn't see him." "It was still playing when he died and snapped a telephone pole a quarter mile down the road," Baressi told The Associated Press in an interview from his home in Palm Harbor, Florida. He acknowledged he couldn't see the movie, only heard it.