The Era Of Cheap Oil Has Come To An End

In its latest monthly report, OPEC revealed it had yet again failed to produce as much oil as it agreed to produce the last time it discussed output. And it wasn’t by a few thousand barrels per day, either. The shortfall was some 1.8 million barrels daily, but more importantly, that sort of undershooting of its own target has become a regular thing for the cartel. Meanwhile, the United States federal government needs to buy some oil for its strategic petroleum reserve after releasing close to 200 million barrels from it this year as a way of countering fuel price inflation. Yet U.S. drillers are not in a rush to boost production. On the contrary, it seems production growth has lost its place among these companies’ top priorities.

The Era Of Cheap Oil Has Come To An End

Previously:

U.S. Begins SPR Repurchase Program As Oil Prices Crash

Space Junk

Remember the Cold War Space Race between the former Soviet Union and the United States in the 1950s and 1960s? During the past year, Jeff Bezos, Richard Branson, and Elon Musk went ahead and turned that into a modern-day dick-measuring contest, for lack of a better phrase, to see who could get there first for the longest. Their space outfits, extensively reported on by CNN Science, received more attention than the pollution caused by this narcissistic billionaire power competition, in which one rocket launch produced an estimated 300 tons of carbon dioxide in the upper atmosphere, where it can remain for years.

Space Junk

Related:

How Amazon Crushes Unions

The “Nation Rebuilding Industry” Salivates Over Ukraine

American taxpayers must prepare to foot the bill.

The powerful military-industrial complex, with generous campaign contributions funneled via K-Street lobbyists to both parties, celebrated a huge victory yesterday. By getting overwhelming majorities in both chambers to approve a whopping, unprecedented $856 billion Pentagon bill, America’s defense industries are assured of continued prosperity for years to come. Pentagon budgets are rarely cut year after year and generally only rise with time.

The “Nation Rebuilding Industry” Salivates Over Ukraine

Biden was elected to start a war with Russia

The ongoing US war against Russia has elevated American-allied Nazis to the international stage as ‘freedom fighters,’ resulted in the deaths of tens of thousands of Ukrainian civilians, raised the risk of nuclear war, ended any effective international cooperation on environmental issues through rekindling energy geopolitics, assured Europe of one or more Great Depression type winters with limited heating fuel, and more probably than not will soon produce the total annihilation of Ukraine as a modern state by the Russians.

The Americans Started the US War with Russia

Railroads Have Invested Heavily in Congress. They Need Their Payoff in the Senate.

A showdown over a looming railroad strike heads to the Senate floor this week, after a group of progressive Democrats, led by Rep. Jamaal Bowman, D-N.Y., pushed to modify a tentative agreement to include seven days of sick leave. The expanded agreement passed the House 220-206 on Wednesday, and the fight now moves to the Senate, where it remains unclear if there is enough Republican support to overcome a filibuster and send the agreement to President Joe Biden’s desk.

Railroads Have Invested Heavily in Congress. They Need Their Payoff in the Senate.

Related:

Why America’s Railroads Refuse to Give Their Workers Paid Leave

The answer, in short, is “P.S.R.” — or precision-scheduled railroading

Restaurant Corporations Try to Overturn California Labor Rights Law AB 257

An exploration of the methods and tactics being employed by Fast Food Restaurant Corporations in their attempt to overturn California Law AB 257 known as the Fast Recovery Act which would protect workers and potentially raise their minimum wage.

Restaurant Corporations Try to Overturn California Labor Rights Law AB 257 via Anarchistara

Related:

Restaurant groups push to repeal California’s fast food council law

Restaurants move to stop new California fast food worker law

German lawmaker joins talks with Taiwan’s president, criticises Chancellor Olaf Scholz’s ‘unilateral’ China policy

German lawmaker joins talks with Taiwan’s president, criticises Chancellor Olaf Scholz’s ‘unilateral’ China policy (Yahoo)

“I think we could have avoided this if the chancellor had followed the outline that we laid down together. One year ago, we said that Germany’s China policy must be strongly integrated with the US-China policy,” he added, stressing that the “coalition contract” also supports Taiwan’s democracy against “China’s aggression” and its “meaningful participation in international organisations”.

Over the past two decades, business interests have heavily influenced the country’s China policy. Last year, their combined exports and imports stood at more than US$255 billion, making China Germany’s top trading partner for the sixth straight year.

Germany is dependent on China for solar panels, computer chips, rare earths and other critical minerals. The bilateral trade directly supports more than 1 million German jobs.

Germany’s top 10 listed companies are reliant on China for a significant share of their revenues. According to the Rhodium Group, a New York-based research institute, automakers BMW, Mercedes-Benz and Volkswagen and chemical giant BASF accounted for one-third of all EU investments in China in the past four years.

The Greens are idiots!