Oil spikes above $91 on supply concerns
Posted By: NorthernDog, 9/19/2023 10:16:06 AM
The price of oil continues to rise as Wall Street traders eye a potential supply deficit after Saudi Arabia and Russia extended supply cuts. Brent and West Texas Intermediate (WTI) crude prices have climbed for three straight weeks to reach their highest peak since November and are now targeting their biggest quarterly jumps since Russia's invasion of Ukraine in the first quarter of 2022. That year, oil prices shot above $100 for the first time since 2014 amid the conflict as demand recovered from COVID-19 lockdowns. Meanwhile, the global benchmark Brent Crude ended 2022 near $86 a barrel on fears
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NorthernDog"
Iran's parliament has passed a controversial bill that would increase prison terms and fines for women and girls who break its strict dress code. Those dressed "inappropriately" face up to 10 years in jail under the bill, for which a three-year "trial" was agreed. It still needs to be approved by the Guardian Council to become law. The move comes a year after protests erupted over the death in custody of Mahsa Amini, who was held by morality police for an allegedly improper hijab. Women burnt their headscarves or waved them in the air at the nationwide demonstrations against the
It’s official: Democrats make everything worse. It was a sentiment long felt by many in the country, but after Senate Majority Leader Chuck Schumer’s (D-NY) recent decision to nix the Senate’s dress code and, in turn, obliterate the regard, respect, and dignity of the office, Schumer and the Democrats erased any doubt about ushering in societal rot and the nation’s decline. It’s an embarrassment, and every Democratic politician should be ashamed. And that includes Sen. John Fetterman (D-PA), believed to be the impetus for Schumer’s decision to eliminate the dress code. But the prestige of the Senate shouldn’t be lowered
Oil spikes above $91 on supply concerns
9 replies
The price of oil continues to rise as Wall Street traders eye a potential supply deficit after Saudi Arabia and Russia extended supply cuts. Brent and West Texas Intermediate (WTI) crude prices have climbed for three straight weeks to reach their highest peak since November and are now targeting their biggest quarterly jumps since Russia's invasion of Ukraine in the first quarter of 2022. That year, oil prices shot above $100 for the first time since 2014 amid the conflict as demand recovered from COVID-19 lockdowns. Meanwhile, the global benchmark Brent Crude ended 2022 near $86 a barrel on fears
National Democratic leaders are virtually all lined up behind President Joe Biden's 2024 reelection bid. But Democratic voters are a different story. While party voters lined up behind Biden in 2020 and are poised to do so again, they have some misgivings about the president, who is 80 years old and would be 82 at the start of a potential second term in 2025. In an August survey conducted by The Associated Press-NORC Center for Public Affairs Research, 69% of Democrats indicated that Biden would be too old to be effective for another term. And while 55% of Democrats indicated
California fast food workers will earn
at least $20 per hour. How's that minimum
wage compare? 29 replies
at least $20 per hour. How's that minimum
wage compare? 29 replies
Unions representing health care workers, fast food workers and other industries are increasingly flexing their power, as employees take to the picket lines this summer. Across industries, workers are seeking improved benefits, better working conditions and most commonly, increased wages. In California, nearly 1 million fast food and healthcare workers are set to get a major raise after a deal was announced earlier this week between labor unions and industries. Under the new bill, most of California's 500,000 fast food workers will be paid at least $20 per hour next year. And a separate bill will increase health care workers'
Rep. Lauren Boebert (R-CO) issued an apology for vaping and displaying disruptive behavior during a Beetlejuice production, according to a statement her campaign team released Friday evening. Boebert apologized for her behavior and expressed regret for not telling the truth about whether she had vaped during the production, which later led to her removal from the crowd by theater staff. The apology comes just days after it was reported the Colorado Republican had been removed from the theater for “vaping, singing, [and] causing a disturbance” to other patrons, according to a city incident report. “The past few days have been
Hundreds of migrants line up daily at
NYC fed building desperate for services
and benefits 12 replies
NYC fed building desperate for services
and benefits 12 replies
Hundreds of asylum seekers flock to a Lower Manhattan federal building in the pre-dawn hours each day in a desperate bid to get benefits, services and keep court appointments — as confusion continues to reign during the Big Apple migrant crisis. The massive queue, nearly entirely made of migrants bused to the five boroughs from the US border, forms outside the JacobK. Javits Federal Building every morning. Those who join are seeking everything from asylum to work permits — with scores of them pitching up and spending the night on the sidewalk and using the nearby bushes as a toilet.
Climate change isn’t just creating havoc for the living. It’s coming for our dead. Great deluges of rain submerge graves and markers. Swift floods set vaults afloat. Slopes erode in scenic hillside cemeteries. And at the seaside, higher seas and storm surges swamp cemeteries and sweep sand away. For Sherene Johnson’s family, it’s the rain. Ten members of her family are buried in Brighton Memorial Gardens, a predominantly African American cemetery in Brighton, Alabama. Parts of the cemetery and the town have flooded in the past but not as often as they do today, said Johnson, a city councilwoman. The
California Gov. Gavin Newsom confirmed on Sunday that he is prepared to appoint an "interim" replacement for Sen. Dianne Feinstein, D-Calif., if she leaves office early. Newsom made the statement during an appearance on NBC's "Meet the Press" on Sunday. The ailing Feinstein has confirmed that she will not run for re-election in 2024, but speculation about her health has raised questions about whether she will remain in office until her current term ends. (Snip) Lee lashed out at Newsom on X, the platform formerly known as Twitter, on Sunday night. "I am troubled by the Governor’s remarks," she wrote.
Oil prices are surging again, but this
time Biden has way less ammunition to
bring them down 16 replies
time Biden has way less ammunition to
bring them down 16 replies
Oil prices are surging again, but the Biden administration's biggest weapon for bringing them down has much less ammunition.
Last year, the federal government drained 180 million barrels from the Strategic Petroleum Reserve as oil prices soared in the aftermath of Russia's invasion of Ukraine and the turmoil in energy markets that followed. Flooding the market with all that supply helped bring oil prices down — and helped cool inflation, which had shot up as well. Earlier this year, the administration took some steps to start refilling the SPR. But while it has ticked up slightly, the level remains near
Democrats are fretting about President Biden’s low approval ratings, exacerbated by widespread concerns about his age. Those factors seem to be getting worse rather than better. A CNN/SSRS poll released this week showed just 39 percent of adults approving of Biden’s job performance, his lowest number in more than a year. Almost three-quarters of the population, according to the poll, believes Biden lacks the stamina and sharpness to serve effectively as president. (Snip) Even so, plenty of Democrats are at least daydreaming of alternatives, just in case Biden would decide to step aside or circumstances would change unexpectedly. Here are
Harris says she's ready to step into role
of president if Biden is unwell: 'May
have to take over' 39 replies
of president if Biden is unwell: 'May
have to take over' 39 replies
Vice President Kamala Harris said during an interview Wednesday that she was ready to fulfill her constitutional duty to assume the presidency should President Biden be unable to govern as questions swirl around his health and age. Biden, who is 80 and is turning 81 in November, continues to be the oldest serving president in U.S. history. Should Democrats win again in 2024, he will be 82 before he is sworn into a potential second term and would be 86 at the end of it. Harris described the idea of possibly stepping into the role of president as "hypothetical" but
Most Active Articles (last 48 hours)
John Fetterman is laughing off the blame he's taking for the new Senate dress code, chuckling over Republicans 'losing their minds' about the matter.
'I don't know why the right side seems to be losing their minds over it,' the Democratic senator from Pennsylvania told Fox News.
Senate Majority Leader Chuck Schumer decided to no longer enforce an official 'business' dress code for members of the Senate, which many saw as a concession to Fetterman, 54, who is often seen wearing shorts and a hoodie.
Democratic presidential candidate Robert F. Kennedy Jr., while announcing his 10-point plan to end the plastics pollution crisis, said he would ban fracking.
The process of fracking involves high pressure injections of liquid into underground rocks and layers to open fissures and extract oil or gas.
The United Nations says each year, 19-23 million tons of plastic waste leaks into waterways, polluting rivers, seas, and lakes. [snip] The move would also drive the price of oil above $150 per barrel, while killing state budgets for energy producing states.
On Tuesday, the House Administration Subcommittee on Oversight held a hearing titled, “Oversight of United States Capitol Security: Assessing Security Failures on January 6, 2021.”
Rep. Barry Loudermilk heads the subcommittee. Former U.S. Capitol Police Chief Steven A. Sund testified before the committee.
Chief Steven Sund has been outspoken of Nancy Pelosi and her failures to secure the US Capitol that day.
It has been widely reported that President Trump asked for the National Guard three days in advance of January 6. But Pelosi turned him down. She refused to call in the National Guard
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Pope Francis to Bill Clinton: We Must
Halt the ‘Ecological Catastrophe’
of Climate Change 25 replies
Halt the ‘Ecological Catastrophe’
of Climate Change 25 replies
Pope Francis engaged former U.S. President Bill Clinton via zoom Monday, stressing the urgency of addressing the climate change “catastrophe,” the migration “crisis,” and war. (snip) The pope reiterated his intention of releasing a second document on the environment later this month, eight years after the publication of his encyclical “Laudato Sì” on the same theme.
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Ted Cruz predicts exactly who Dems will
‘parachute in’ to save the day when
they boot Biden 22 replies
‘parachute in’ to save the day when
they boot Biden 22 replies
The ongoing struggles of President Joe Biden have led to much speculation that he won’t be running for reelection next year after all and Senator Ted Cruz (R-Texas) shared his theory on who could be tabbed as his replacement.
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Washington—Ray Epps, an Arizona man who became the center of a conspiracy theory about Jan. 6, 2021, has been charged with a misdemeanor offense in connection with the U.S. Capitol riot, according to court papers filed Tuesday.
Epps, a former Marine who claimed in a lawsuit filed this year that Fox News Channel made him a scapegoat for the Capitol riot, is charged with a count of disorderly or disruptive conduct on restricted grounds, court records show. Messages seeking comment from an attorney representing Epps in his lawsuit against Fox were not immediately returned Tuesday. There was no attorney listed in the court docket in the criminal case
The war on girls continues unabated.
A biological male was crowned homecoming queen at Oak Park High School in Kansas City, Missouri on Friday.
Tristan Young took the crown away from four biological females who were in the running.
“thank you so much oak park. i am so overwhelmed with love and gratitude, and it is all your doing. i am forever thankful that you have chosen me to be your homecoming queen,” Tristan wrote on Instagram.
“i have had a very difficult high school journey, but having the support of my friends, family and oak park has helped tremendously, i truly don’t know where i would be without it.”
On Monday, Democrat Mayoral candidate John Gomes filed a lawsuit challenging the results of his party’s primary in Bridgeport, Connecticut, and requesting a new Democratic primary.
This comes after a video surfaced showing a Democrat clerk inserting illegal ballots into a drop box, which prompted an investigation by the Bridgeport Police Department for “possible misconduct.”
The Gateway Pundit reported that Gomes’ campaign released a damning video on Saturday showing evidence of election fraud in the recent Bridgeport Democratic primary.
The video posted on Gomes campaign’s Facebook page shows a woman dropping stacks of ‘illegal’ ballots into an absentee ballot box
The Biden administration is setting a booby trap in case a Republican wins the presidency in 2024.
On Friday, the White House unveiled a proposed rule that would make it even harder than in the past for an incoming Republican president to wrestle control of the left-leaning federal bureaucracy and actually implement the conservative policies promised to voters. Of the 2.2 million federal civil workers, only 4,000 are presidential appointees. The rest stay in their jobs, from one administration to the next, protected by rules that make it nearly impossible to discipline or replace them.
United Nations, (Reuters) - Former New York City Mayor Michael Bloomberg announced on Wednesday he will pump $500 million into the next phase of his energy transition campaign, aiming to shut down "every last" coal plant in the United States and slash gas-fired capacity in half by 2030.
The $500 million infusion into his decade-long Beyond Carbon initiative aims to "finish the job on coal" by working with state and local organizations to force the closure of the roughly 150 coal plants that have not yet retired, slash current gas generation in half and block the construction of new gas-fired plants.
Comments:
The US could easily flood the market with fresh oil supplies, but Old Joe is determined to slash the throat of energy producers.