Tag: risks
Hype on iPhone ‘ban’ shows US has a guilty conscience
The biggest destroyer of the global economic and trade order is being paranoid. This is perhaps the most incisive and vivid explanation of why the US government and media outlets have seen a rumored ban on iPhones as China’s retaliation against the US.
Hype on iPhone ‘ban’ shows US has a guilty conscience
Related:
US spokesman behind on the news pours gas on seemingly settled China iPhone ban
In what appears to be a statement generated before news of the Chinese government refuting ban rumors, the White House chimed in on the matter, as reported by Bloomberg. The National Security Council shared that it is watching the issue with concern.
White House Leaves Door Open For Additional SPR Releases + It’s Implications
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the nation’s Strategic Petroleum Reserves.
White House Leaves Door Open For Additional SPR Releases
Related:
The Implications Of U.S. SPR Withdrawals
Implications of OPEC-+ Production Cut
I think OPEC has not learned from its past mistakes, as it is not a good time to cut oil production by 2 million bpd in November 2022, especially at a time when global economies are under pressure. While higher oil prices at this juncture may bring much needed oil revenues to (national) oil companies and OPEC members, this will come at the cost of accelerating a global recession, bringing more misery to consumers. Consequently, it will weaken global oil demand and oil prices. Oil prices in the range of $70-$80/bbls at this difficult time could be a win-win situation for both producers and consumers, and shield global economies from collapsing. Consequently, the U.S. should take its own measures to enhance its domestic oil production, encourage EVs and halt further releases of the SPR. Running down the SPR will allow OPEC+ more flexibility to play around with production.
Meanwhile:
Ms. Cat’s Chronicles 