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Monday, January 25, 2021

Trump Could Use “Nuclear Option” To Make Saudi Arabia Pay For Oil War

Authored by Simon Watkins via OilPrice.com, President Donald Trump is considering all options available to him to make the Saudis pay for the oil price war as the crash that followed has done significant damage to the U.S. oil industry. With last month having seen the indignity of the principal U.S. oil benchmark, West Texas…

Reopening Too Soon Could Cause “Exponential Explosion” Of US COVID-19 Cases, MIT Researchers

Authored by Victor Tangermann via Futurism.com, Researchers at MIT trained a neural network model on data that predicted the spread of the coronavirus from late January to early March, including information on how countries implemented quarantine measures. The researchers have a dire warning, as detailed in a preprint uploaded to medRxiv earlier this month. Having positively noted that: "In…

COVID-19 Could Change Travel Behavior Forever… Putting 3 Million b/d Oil Demand At Risk

Authored by Daniel Klein via S&P Global Platts Inisghts blog, Global air, road and rail travel have been massively reduced as governments attempt to limit the spread of coronavirus, taking a heavy toll on short-term oil demand. Clearly, the mandated restrictions will lift when the pandemic eases and low oil prices will further aid in…

Could The COVID-19 Response Be More Deadly Than The Virus?

Authored by Kevin Ryan via Off-Guardian.org, The economic, social and public health consequences of these measures could claim millions of victims... The initial, alarming estimates of deaths from the virus COVID-19 were that as many as 2.2 million people would die in the United States. This number is comparable to the annual US death rate…

How Low Could US Oil Production Actually Go?

Authored by David Messler via OilPrice.com, The oil-bears continue their romp across the energy markets with various grades of crude reaching lows not seen in almost twenty years. There will come a point where I can sit down and pen the following words, "We've reached bottom, and this is as bad as it gets."  There is…

Could China’s Overlapping Crises Spiral Out Of Control?

Authored by Charles Hugh Smith via OfTwoMinds blog, Threats, propaganda and the Orwellian dissolution of social trust cannot stop a withdrawal from the status quo. Longtime readers know I've had an active interest in what differentiates empires/nations that survive crises and those that collapse. There is a lively academic literature on this topic, and it boils…

Could The Covid-19 Pandemic Collapse The U.S. Healthcare System?

Authored by Charles Hugh Smith via OfTwoMinds blog, Disregard these second-order effects at your own peril. You will find more infographics at Statista A great many systems that are assumed to be robust are actually fragile. Exhibit #1 is the global financial system, of course, but Exhibit #2 may well be the healthcare system globally and…

Russian Oil Firm Could Sign Fuel-For-Diamonds Deal In This African Nation

Authored by Tsvetana Paraskova via OilPrice.com, Russian oil firm Tatneft could strike a deal with Zimbabwe to supply fuel to the crisis-stricken African country in exchange for diamonds, the Zimbabwe Independent reported on Friday, describing the potential deal as ‘murky’ because Zimbabwe’s Minister of Mining, Winston Chitando, told the news outlet that he was not aware of…

Could We Be Heading Back Towards A Gold Standard?

Authored by Lawrence Thomas via GoldTelegraph.com, For anyone following the gold industry, a significant development that many in the finance industry may not be paying close attention to is the emergence of Judy Shelton within the Federal Reserve.  President Trump recently nominated Judy Shelton and Christopher Waller to fill the two vacancies on the Federal Reserve Board…

Could Trump’s Next Fed Chair Be A “Goldbug”?

Authored by Tho Bishop via The Mises Institute, This week, Donald Trump formally nominated Judy Shelton and Christopher Waller for vacant governorships on the Federal Reserve. Waller, the Vice President of the Richmond Fed, is widely viewed as a standard Fed nominee with the reputation of being a "dove" who has criticized recent interest rate hikes. It…

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