Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: "Eventually, Economic Producers Will Prevail"Submitted by Tyler Durden on 10/05/2015 19:01 -0400
"The world needs a reliable, sustainable supply. Best way to do it is to make sure that demand and supply should be equal, so there will not be fluctuation of price. The biggest problem for everybody, producer and consumer today, is fluctuation — the ups and downs."
Maybe we just ought to step aside for a while and see what happens...
It may be tempting to cheer Russian military action in Syria, as it seems ISIS is finally suffering some considerable losses. But I cannot cheer the bombs, whether they are Russian bombs or US bombs or French or British bombs. I do not believe a terrorist group created by foreign intervention in the region will be solved by more foreign intervention in the region. Bombs represent a total failure of policy. They destroy a country’s economy and infrastructure.
Without government intervention the “invisible hand” of the world oil market will simply bankrupt US shale companies and with it destroys the US shale oil industry.
- MOAR: Euro-Area Growth Seen Slowing in Sign More Stimulus May Be Ahead (BBG)
- MOAR: Japan's wage growth slows in August, keeping pressure on BOJ for more stimulus (Reuters)
- MOAR: Stocks, Copper, Emerging Markets Jump as Fed Delay on Rates Seen (BBG)
- And yet... Central Banks Lose Bond-Market Credibility as Woes Mount (BBG)
- World Bank cuts Asia growth forecast on China and US rates (BBC)
"The Russian intervention is a massive setback for those states backing the opposition, particularly within the region – Qatar, Saudi Arabia and Turkey – and is likely to elicit a strong response in terms of a counter-escalation."
The Largest US Foreign Policy Blunder Since Vietnam Is Complete: Iran Readies Massive Syrian Ground InvasionSubmitted by Tyler Durden on 10/04/2015 07:04 -0400
"I know there is a major battle upon us and everything needed for this battle will be made available"...
Despite the arguably undemocratic, obfuscating nature of our nation’s campaign finance laws and the blatant corporatist agenda mandated by the Supreme Court, let’s attempt to break down the major sources of political spending so far in the 2016 presidential election. You may be surprised to find out who is donating money to your candidate — and how that contribution may affect future policy positions.
"The Americans were startled once again when tragic news break out about the deadly campus shooting in Oregon on Thursday. However, the United States is "the only advanced country on earth that sees these kinds of mass shootings every few months," just like President Barack Obama has painfully acknowledged. How come a country as powerful as the United States has been unable to stop this kind of brutal attacks against innocent civilians? The problem is deeply rooted in the country's political system, where bipartisan politics and interest groups exert huge influence, to the point that security of the American people have to give way to political correctness and corporate interests."
"They're Hopping Mad In The US And Saudi Arabia": Russian Strikes In Syria Spark Epic Western Media Propaganda BlitzSubmitted by Tyler Durden on 10/02/2015 21:01 -0400
"They’re hopping mad in Saudi Arabia, the U.S. And Qatar because of their defeat and the victory of Russia and Syria and the unraveling of the fact that the U.S. and its allies are not serious about fighting Islamic State. Those who claim to be concerned about the Syrian people are the ones slaughtering the Syrian people through the terrorists."
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