Natural Gas

India's Energy Crisis Just Went "Super Critical"

Local media reported this week that India’s power generators are seeing a sudden surge in natgas buying, with ten major power plants classified as “critical”, with less than seven days of coal stocks... and five of those being “super critical” with less than four days of coal supply.

What Fiduciary Duty? San Fran Politicians Try To Force Pension To Dump $470MM Of "Fossil Fuel" Stocks

As if avoiding the next pension-induced global financial crisis weren't hard enough, the San Francisco Board of Supervisors seems hell bent on forcing their public pension board to completely ignore their fiduciary duty to retirees (and all taxpayers, frankly, as we'll all be left holding the bag when these ponzi schemes implode) and immediately dump all "fossil fuel" investments.

United Nations Unanimously Approves New Sanctions On North Korea

The United Nations Security Council unanimously adopted new, stepped-up sanctions on Monday afternoon against North Korea after the U.S. drastically watered down its original sanctions proposal in an attempt to win the endorsement of China and Russia.

Frontrunning: September 11

  • U.S. Index Futures Rise as Irma Weakens, Korea Tensions Ease (BBG)
  • Irma Weakens as It Heads Past Tampa, Cutting Damage Forecast (BBG)
  • As Hurricane Irma heads toward Florida, U.S. military launches amphibious relief efforts in the Caribbean (WaPo)
  • Oil weakens on fears Irma could dent U.S. demand (Reuters)
  • ‘People are roaming like zombies.’ Virgin Islands stagger after storm passes (WaPo)

US To Propose Watered Down North Korea Sanctions To Appease China And Russia

In the latest indication that the US is desperate to reach a diplomatic compromise over North Korea, even if it means appeasing Beijing and Moscow, Reuters reports that while the UN is set to vote on Monday afternoon on a U.S.-drafted resolution to impose new sanctions on North Korea, the new draft no longer proposes blacklisting North Korean leader Kim Jong Un, while also dropping a proposed oil embargo.

From Here On... "Things Get Jiggy"

"Forward from here, things get jiggy. The nation faces a pile-up of events as we turn the corner on summer and head into the spook-house of autumn..."

Norway’s Big Fish Story

The greatest consequences of Nordic socialism are how it instills a lack of courage and imagination when facing global problems. For such a system to work, people must be mostly compliant and amicable. Currently, Norway can manage the economic shift by drawing from The Fund but I would hope that they want to do more than just get by. It is obvious that betting on fish is a bad idea.

Russia Responds: "The US Has Declared The Hot Phase Of Diplomatic War"

"It’s a highly unjust step. It means that the U.S. is declaring the hot phase of diplomatic war." said Leonid Slutsky, head of the Russian Duma’s foreign affairs committee. "This tit-for-tat will mean eventual catastrophe for everyone on earth, unless we finally get some sanity in US leadership, to pull back from the brink."

Why Google Made The NSA

"The origins trace back to a secret Pentagon-sponsored group, that for the last two decades has functioned as a bridge between the US government and elites...The results have been catastrophic: NSA mass surveillance, a permanent state of global war, and a new initiative to transform the US military into Skynet."