Goldman Sachs Warns Of An Imminent Oil Supply Shortage
According to Currie, rising demand from China and sanctions on Russian oil will contribute to the deficit, which he expects to manifest in the second quarter of this year. In response, producers will tap their spare capacity, leaving it lower than it was before. Eventually, this will lead to a serious imbalance between supply and demand.
Crude oil could soon swing into a deficit that will make next year a difficult one, Goldman Sachs said, as spare production capacity dwindles and underinvestment threatens future supply.
Goldman Sachs Warns Of An Imminent Oil Supply Shortage
One of Biden’s promises during his presidential campaign was to immediately move to end all support for the Saudi-led coalition’s war in Yemen. In February 2021, Biden stood at a podium at the State Department and proclaimed that the war in Yemen must end. Biden underlined the humanitarian crisis as the key reason the United States withdrew support. An investigation (PDF) by the Government Accountability Office found that the United States is training the Saudi-led coalition, and the US has troops on the ground in Yemen. Biden confirmed that the United States has troops in Yemen in a letter to Congress in June last year. Biden lied to the American people when he claimed that the United States was withdrawing US support for the war in Yemen in 2021.
The US Is Making Billions Being Warlords in Yemen
Neither we nor our allies are prepared to fight all-out war with Russia, regionally or globally.
This Time It’s Different
Video via: Judge Napolitano – Judging Freedom
Former CIA analyst Fulton Armstrong told The Guardian that, in Cuba, “a lot of the so-called independent journalists are indirectly funded by the US”. They spread anti-government disinformation with the support of the NED.
US funds ‘independent journalists’ in Cuba to spread propaganda, ex CIA spy admits
Since the end of the Second World War (1939-1945), there have been many civil wars and several important regional military conflicts between two or more countries, but none has evolved into a general world war involving all the most heavily armed countries. The most serious regional wars were the Korean War (1950-1953), the Vietnam War (1955-1975), the Iraq War (2003-2011), the Syria War (2011- ), and the Ukraine War (2022- ).
Why Does Humanity Still Tolerate the Tragedy of Wars in the 21st Century? The Big Picture
H/T: Der Friedensstifter
In fits of, what might well be termed, masochism, some of us now-and-then tune in to the legacy media. When doing so, one is likely to hear western-aligned politicians rhetorize ad nauseam about the linguistically vogue rules-based order. Now and then, the word “international” is also inserted: the rules-based international order.
What is the Rules-Based Order?
H/T: THE NEW DARK AGE
The United Nations General Assembly on Monday (November 14) voted to approve a resolution which calls for Russia to be held responsible and make reparations to Ukraine.
Russia, China and Iran are among the 14 members that voted against while 73 abstained, including Brazil, India and South Africa.
China’s Deputy Permanent Representative to the UN, Geng Shuang, explained China’s opposition, pointing out that the resolution lacks both legal basis and practical precedent, and was put to vote without proper discussion and consultation or responding to concerns of UN member states.
He further stressed that all countries that had suffered from historic international injustices including colonialism, foreign intervention, unilateral sanction, economic embargo and so on, are entitled to demand reparations.
UNGA passes unbinding resolution to ask Russia make reparation to Ukraine; China votes against via ShanghaiEye魔都眼
Related:
UN calls on Russia to pay Ukraine reparations
Russia’s Permanent Representative to the UN, Vassily Nebenzia, speaking on the topic of the resolution, called it a legally insignificant document. “At the same time, the co-authors cannot help but realize that the adoption of such a resolution will entail consequences that can boomerang back to them,” Nebenzia said.
He added that the resolution intended to legalize the seizure of Russian assets previously frozen by Western countries.
The EU’s Embargo On Russian Oil Will Be A Boon For OPEC
- The current oil market climate is complex, to say the least.
- Europe is preparing to enact its embargo on Russian oil and refiners are scrambling for alternatives.
- Many searching for new sources of crude have landed on Middle Eastern producers as a potential alternative.
Energy Bills In Europe Are 90% Higher Than Last Year
The high energy bills are creating headaches for European governments: strikes and protests are multiplying and disgruntlement with energy policies is growing. The cost of living in most of Europe is already exorbitant because of the energy crisis and this crisis is only going to get worse after the EU embargoes on Russian oil and then fuels come into effect.
Ms. Cat’s Chronicles 
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