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Trump To Rollback Deepwater Horizon Regulations

Authored by Nick Cunningham via OilPrice.com, The Trump administration is hoping to slash regulations on offshore oil drilling that were implemented after the 2010 Deepwater Horizon disaster that killed nearly a dozen people and led to an oil leak that spewed for months. According to the Wall Street Journal, the Bureau of Safety and Environmental […]


Jim Kunstler’s 2017 Year In Review

Authored by James Howard Kunstler via Kunstler.com, 2017 was the kind of year when no amount of showers could wash off the feeling of existential yeccchhhhh that crept over you day after day like jungle rot. You needed to go through the carwash without your car… or maybe an acid bath would get the stink […]


The Coming Fiscal Derailment – Stockman Explains Why FY 2019 Will Sink The Casino

Authored by David Stockman via Contra Corner blog, Since last November 8th the Russell 2000 has risen by 30% and the net Federal debt has expanded by an astounding $1.0 trillion dollars. In a rational world operating with honest financial markets those two results would not be found in even remotely the same zip code; and especially not in month #102 of […]


Pat Buchanan Asks “What Should We Fight For?”

Authored by Patrick Buchanan via Buchanan.org, “We will never accept Russia’s occupation and attempted annexation of Crimea,” declaimed Rex Tillerson last week in Vienna.   “Crimea-related sanctions will remain in place until Russia returns full control of the peninsula to Ukraine.” Tillerson’s principled rejection of the seizure of land by military force – “never accept” […]


Iran Vows To Send Fleet Of Warships To Gulf Of Mexico “In The Near Future”

Pretty soon the scenes of tiny Iranian speedboats taunting U.S. Naval Destroyers may not be confined to just the Persian Gulf as Iran’s new naval commander has vowed to send warships to the Gulf of Mexico “in the near future.”  Per NBC: Rear Adm. Hossein Khanzadi said plans were being drawn up for vessels to […]


Keystone XL Pipeline Shut Down After 5,000-Barrel Spill In South Dakota

Well this is awkward.  After months/years of protests targeting the Keystone XL pipeline from environmentalists worried about oil spills, TransCanada has now been forced to shut down the pipeline following…drum roll please…a 5,000 barrel oil spill in South Dakota.  According to The Hill, the pipeline was taken offline at 6am this morning following a leak […]


Stockman Slams “The Deep State’s ‘Bogus Iranian Threat'”

Authored by David Stockman via The Ron Paul Institute for Peace & Prosperity, Last week, we identified a permanent fiscal crisis as one of the quadruple witching forces arising in October 2017 which will shatter the global financial bubble. Then, the Donald made the crisis dramatically worse by decertifying the Iranian nuke deal, thereby reinforcing another false […]


Too Good For Too Long…

Authored by Chris Martenson via PeakProsperity.com, I'm writing this from my home in Sonoma County at the end of an intense week of witnessing firsthand the devastation caused by the many current fires burning in northern California. While it's hard to focus on anything other than the moment-to-moment developments of this still-unfolding disaster (which I've […]


European Stocks On Edge Ahead Of Catalan Independence Call, S&P Futures Rise

S&P futures are again modestly in the green as European shares hold steady ahead of a meeting of the Catalan regional parliament and a possible declaration of independence by Catalan leader Puigdemont, while Asian shares rise a the second day. The dollar declined for the 3rd day, its losses accelerating across the board amid growing […]


Global Markets Bounce As Germany, China, Spain Lift World Stocks, Turkey Crash Ignored

With no North Korean nuclear test over the weeknd contrary to a Friday morning rumor, S&P futures rebounded and edged higher as European stocks gain, led by Spanish shares after mass demonstrations in favor of Spanish unity and speculation Catalonia may back down on unilateral independence demands, while Chinese mainland stocks reopened catching up to […]


“We Dodged A Bullet”: Hurricane Nate Misses New Orleans, Downgraded To Tropical Depression

Residents of coastal towns and cities across the Southeastern US are breathing a sigh of relief as Hurricane Nate is rapidly weakening after twice making landfall in the Southeastern US late Saturday into early Sunday. The NHC has downgraded it to a tropical depression as it moves inland over Alabama; NHC has also discontinued all […]


Hurricane Nate Heads For Gulf Coast: Goldman Projects Dramatic Refining Slowdown

Confirming an earlier projection by Accuweather that showed Hurricane Nate will likely make landfall as a cateogry one storm somewhere between Louisiana and the Florida panhandle on Sunday, the NHC has issued a hurricane warning – the highest-priority of the agency's alert levels – for a broad swath of the Southern US stretching from Grand […]


WTI Tumbles Below $50 To 3-Week Lows

On the heels of continued dollar strength, output increases by OPEC (and US production at 2 year highs), and Libya restarting its biggest oilfield, WTI prices are tumbling for the 3rd time this week, back below $50 to their lowest in 3 weeks… As Bloomberg notes, while oil rallied into a bull market last month on the […]


Dollar Surge Continues Ahead Of Jobs Report; Europe Dips As Catalan Fears Return

World stocks eased back from record highs and fell for the first time in eight days, as jitters about Catalonia’s independence push returned while bets on higher U.S. interest rates sent the dollar to its highest since mid August; S&P 500 futures were modestly in the red – as they have been every day this […]