SWIFT

Iran Furious After Obama Said To Extend Iran Sanctions; Oil Jumps To 2016 Highs

Until today, the White House had not pushed for an extension of the Iran sanctions act, but that changed moments ago when Reuters reported that Obama is expected to extend the Iran sactions, in effect not only jeopardizing his own Nuclear treaty, but also threatening to cut as much as 1 million barrels in Iranian oil output should Trump reimpose the full Iranian sanctions next year. In response oil jumped to new 2016 highs.

Glenn Greenwald Condemns Washington Post's "Cowardly Group Of Anonymous Smear Artists"

"...this group of ostensible experts far more resembles amateur peddlers of primitive, shallow propagandistic clichés than serious, substantive analysis and expertise; and is engaging in extremely dubious McCarthyite tactics about a wide range of critics and dissenters... WaPo should be very proud: it staked a major part of its news story on the unverified, untestable assertions of this laughable organization."

Is OPEC Playing The Oil Markets Again?

OPEC has once again succeeded in jaw-boning the oil market, and Goldman Sachs hiked its oil price forecast this week by a substantial amount, but the optimism has not trickled over into the oil futures market, at least not yet as the contango'd curve still does not look very good.

Britain Rejects Trump's Call To Make Nigel Farage US Ambassador

Britain on Tuesday dismissed U.S. President-elect Donald Trump's unprecedented expression of support for Brexit campaigner Nigel Farage to be made British ambassador to Washington, saying pointedly that there is "no vacancy" for the job.

'Grey Champion' Assumes Command, Part 1

No one can assert Lincoln or FDR united all Americans in a common cause. Grey Champions are not universally adored or defended. They aggravated societal pressures that had been ignored or deferred by their predecessors. Compromise was not an alternative for these men. Grey Champions have a particular set of personality traits making them well suited to lead during a Crisis. They have the facility to overlook the complexities of life and focus on one simple imperative: society must prevail.