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Thought for the day
"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete." -- Buckminster Fuller
Harry Wait, a Wisconsin whistleblower who is now being prosecuted for election fraud crimes that he exposed and reported to law enforcement, and after initially representing himself, is now being represented by former Wisconsin Supreme Court Justice Michael Gableman–at least temporarily.
A Clinton-appointed federal judge on Monday denied Florida prosecutor suspended by Governor Ron DeSantis his bid to get his job back.
China exported 1.12 million tons of gasoline last month, which was a whopping 97.4% increase from the year before, customs data cited by Reuters showed.
The increase came on the back of a new batch of fuel export quotas amid lukewarm domestic demand. The new quotas also pushed diesel exports much higher, up by almost 52% from August 2021 at 830,000 tonnes.
The new quotas, issued in June and July, were expected to lift fuel exports substantially in August, with total gasoline, diesel, and jet fuel exports expected to hit between 2.4 and 2.6 million tons, according to an earlier Reuters report.
Exports of fuels for the full year, however, are expected to be much lower than in 2021 because of the smaller size of export quotas as Beijing tackles domestic fuel inflation. In fact, 2022 fuel exports are set to be 40% lower than fuel exports in 2021.
Data for the first eight months of the year shows a more than 30% decline in gasoline exports and a 78.3% drop in diesel fuel exports. Jet fuel exports inched up by 4.4% between January and August.
The OPEC+ group continues to vastly underperform its collective oil production target, with the gap between the quota and actual output widening to a massive 3.58 million barrels per day (bpd) in August, according to delegates and OPEC data Argus has seen.
The 10 OPEC members bound by the pact saw their collective crude oil production hit 1.399 million bpd below the quota, while the non-OPEC producers in the deal were more than 2 million bpd behind quota, at 2.185 million bpd, per OPEC data Argus has seen.
In July, OPEC+ was already 2.9 million bpd below its target.
In August, the two biggest laggards in production quotas were Russia of the non-OPEC group and Nigeria of OPEC, the data showed. Russia’s oil production was 1.25 million bpd below its target, while Nigeria was 700,000 bpd behind its quota.
Russia’s output is constrained by the Western sanctions following the Russian invasion of Ukraine, while Nigeria has had troubles for years with a lack of investment and oil theft.
Nearly seven months after Russia’s invasion of Ukraine, Russian oil exports have been quite resilient and just 400,000 barrels per day (bpd) below pre-war levels.
But come December, Russian oil supply could plunge by more than one million bpd after the EU embargo on Russian oil imports by sea enters into force. In February, another one million bpd could then come offline due to the EU’s fuel embargo.
So far this year, Russia has managed to divert a lot of cargoes previously sent to Europe to buyers in Asia, predominantly China and India. As of December - and two months later when the EU oil product embargo kicks in - Russia will have to find a home for 2.4 million bpd of its oil if it is to keep its oil exports at current levels, the International Energy Agency (IEA) said in its Oil Market Report last week.
The global oil market will have to prepare itself for a loss of 2.4 million bpd supply when the EU embargo kicks in; an additional 1 million bpd of products and 1.4 million bpd of crude will have to find new homes. This could result in deeper declines in Russian oil exports and production, the IEA said. The Paris-based agency expects oil production in Russia to fall to 9.5 million bpd by February 2023, which would be a plunge of 1.9 million bpd compared to February 2022.
Earlier this year there were high hopes around the U.S. lifting its sanctions on Venezuela in the face of oil shortages and rising prices, due to the Russian invasion of Ukraine, allowing black gold to once again flow out of the South American oil giant. But this has not yet come to fruition. While some allowances were made for oil trade, Venezuela’s statement to the world is clear – it is ready to pump and export huge amounts of its crude whenever given the chance.
No matter how many times the U.S. government rejects Venezuelan pleas to end sanctions and fill the supply gap left due to sanctions on Russian energy, the South American oil major will not give up on its bid to boost crude exports. President Madero stated this week that Venezuela is ready to recommence its oil production and export to the rest of the world whenever given the opportunity. At an event held during the OPEC secretary-general’s visit to Caracas Maduro said “Venezuela is ready and willing to fulfil its role and supply, in a stable and secure manner, the oil and gas market that the world economy needs.
The country’s dictator quashed fears that Venezuela’s oil industry was far from recovering, after years of low production and underinvestment. Its output currently stands at around 700,000 bpd compared to 2.3 million bpd two decades ago. This comes from U.S. sanctions imposed on the trading of Venezuelan crude, which previously provided around 96 percent of the country’s income.
Germany can never rely on Russia for energy supply again, and the Nord Stream 2 gas pipeline project will never go ahead, Stephan Weil, Minister-President of the northwestern German state of Lower Saxony, said.
Germany suspended the Russia-led Nord Stream 2 project in February after Russian President Vladimir Putin ordered troops into Ukraine. Before the Russian invasion of Ukraine, the pipeline construction was complete, but Nord Stream 2 was awaiting full regulatory clearance from Germany and a review by the European Union over its compliance with EU energy regulations.
The reviews were never done. Europe and Germany started to diversify their gas supply with more LNG cargoes from the United States and more supply from Norway and North Africa.
Germany, Europe’s biggest economy and the biggest gas customer of Russia, continued to import gas via Nord Stream until Russia shut it down early this month.
Last week, the media rushed to report that natural gas prices in the United States had fallen sharply after trade unions and railway companies reached a tentative deal that averted a potentially devastating strike.
Indeed, natural gas prices fell by nearly a dollar per million British thermal units, helped by a respectable build in inventories. And yet, inventories remain below the seasonal average, exports are running at record rates, and producers are beginning to struggle to meet demand, both at home and abroad.
Reuters’ John Kemp wrote in a recent column that domestic and international gas consumption had risen to record highs, and shale producers—the ones that account for the bulk of U.S. natural gas output—were having a hard time catching up with this demand.
Meanwhile, although higher on a weekly basis, inventories remained at the second-lowest for this time of the year for the last 12 years, Reuters’ market analyst noted. He also added there were no signs of any improvement in the level of inventories despite the rise in prices.
Pressured by a strong dollar and weaker demand forecasts, oil prices continued their way down on Monday morning after closing last week on a bearish note.
WTI crude fell below $85 on Friday afternoon on a flurry of negative news. Rising U.S. commercial crude inventories, a year-on-year drop in supplied oil products and a gloomy IEA demand outlook weighed on oil futures.
For the fourth quarter of 2022, the IEA predicts zero demand growth as a result of China’s zero-covid policies, stating that the market will likely be oversupplied in the second half of 2022, before balancing out in early 2023 as the EU ban on Russian seaborne crude imports kicks in.
Trump trolled Joe Biden for being seated 14 rows back in Westminster Abbey at the Queen’s funeral on Monday.
After taking over a Gazprom subsidiary earlier this year, Germany has now assumed control of Russian Rosneft refining assets in the country in a bid at securing energy independence just over three months before an EU ban on Russian oil goes into effect. Now, with Russia’s oil refinery assets in Germany out of Moscow’s hands, a final question lingers: Where will Germany get non-Russian oil to run key refineries?
Over the weekend, Germany moved to seize the local unit of Russian oil major Rosneft PJSC, including three oil refineries as Berlin goes for a radical overhaul of its economy, hoping to control its industrial base and prevent shortages and blackouts this winter.
“Over the next few months, we’ll have to continue to preserve critical infrastructure in order to achieve energy independence,” Verena Hubertz, a leading lawmaker for Scholz’s Social Democrats, has told Bloomberg.
Rosneft has protested against the seizure calling it illegal and saying it amounts to an expropriation of equity assets in which it had invested €4.6bn in refining capacity. In a company statement, the Russian oil giant says it will “consider all possible measures to protect its shareholders, including legal action”.
In an alleged traffic dispute following a University of Arkansas Razorback football game, Beyond Meat COO Doug Ramsey was arrested for biting a man’s nose. Charges against Ramsey include terroristic threatening and third-degree battery.
China has been secretly developing Trojan Horse-style missiles hidden in shipping containers that can be unleashed on enemy ports, experts warn.
Military analysts believe the country’s huge fleet of freighters and fishing vessels could be turned into warships with the use of the secretive container missiles.
The Sun reported, Disguised as a regular shipping containers, they can be sneaked on board a vessel to blend in seamlessly with the hundreds of others on board.
Webmaster addition: The US and Europe have developed similar systems, ostensibly as anti-pirate defenses.
The New York Presbyterian Hospital recently released a promotional video depicting a young girl with myocarditis. Myocarditis is inflammation of the heart muscle that can lead to cardiac arrhythmia and death. Since 2021, there has been a significant spike in myocarditis cases, particularly in young people. While many mainstream reports have claimed the rise of myocarditis is a result of "long covid," there are a plethora of studies that say the COVID-19 vaccines are the culprit.
According to the NIH, National Institute of Health, myocarditis is, in fact, a side effect of the COVID-19 vaccines and, "may be due to their strong immune response to the vaccine."
The New England Journal of Medicine reported in December of 2021 that, "Reports have suggested an association between the development of myocarditis and the receipt of messenger RNA (mRNA) vaccines against coronavirus disease 2019 (Covid-19), but the frequency and severity of myocarditis after vaccination have not been extensively explored."
A major earthquake rocked a city in Mexico’s southwest prompting a slew of evacuations and tsunami warnings.
The 7.5 earthquake rattled residents in the populace state of Michoacán on Monday. The city lies on the country’s pacific coast. Reports say one person has been killed so far. They passed away after a wall in a shopping mall collapsed on them. The earthquake was felt all throughout Mexico.
Lindell alleges that a recent business venture he was involved with fell through thanks to FBI involvement.
Louisiana – A 21-year-old Louisiana State University senior was gunned down while she was sitting in her car in Baton Rouge last Friday.
Governor Tony Evers is behind the release of violent criminals in Wisconsin, and almost no one in the national media is talking about it. According to Wisconsinrightnow.com (WRN) reporting, Evers’ Parole Commission “has released at least 884 convicted criminals, freeing them early on parole mostly into Wisconsin communities, including more than 270 murderers and attempted murderers, and more than 44 child rapists.” All of the paroles have been discretionary. “Many were serving life sentences, which don’t qualify for mandatory release.”
WRN is now tracking paroles through public records requests of the state Department of Corrections database and is posting a series on the details of the crimes committed by the felons on Twitter. To search the database, enter the felon’s name into the form and click on the “movement” tab.
How high are the barriers to entry at the U.N. General Assembly? Less than 4 feet (1.2 meters), technically.
While the barricades encircling the perimeter of the United Nations headquarters in New York are scarcely hip-level, the sea of gray grilles makes it clear that — with scores of world leaders and other high-profile figures slated to descend — security is intended to be more than just theater.
Patrick Freaney, special agent in charge of the U.S. Secret Service’s New York field office, called the U.N. General Assembly both "one of the highest-profile events in the world" and "the largest protective event for the Secret Service on an annual basis."
Some of the strongest evidence that the COVID-19 vaccines have caused crippling injuries and huge numbers of deaths in the vaccinated population have come from funeral home directors who have reported huge spikes in deaths in their business that correlate with the roll-out of the COVID-19 vaccines and mandates.
There is strong social and financial pressure against these professionals to go public, but a few have stood firm against this pressure, knowing that these truths must be brought to the attention of the public in an effort to save lives, no matter what the personal cost may be to themselves or their careers.
Two of these funeral directors have been featured in the Alternative Media this year, and they are John O’Looney from the UK, and Richard Hirschman from Alabama in the U.S. Both men have confirmed that other funeral directors in their profession are seeing the same things they are seeing, but are too afraid to go public.
Besides reporting on the huge increase in deaths they have been seeing since the roll out of the COVID vaccines, the embalmers have been reporting what they are finding inside the veins and arteries of these dead bodies: huge “blood clots” that do not resemble traditional blood clots at all, but are long fibrous entities that can completely block a vein or artery.
First it was the streaming studio shift that shook up Hollywood - companies like Netflix were beating out movie theaters and traditional studios publishing content that went direct to streaming. Now, Hollywood is getting shaken up again - this time, because layoffs are on their way.
The struggling TV and film industry continues to run face first into bad news. This week it was reported that Warner Bros. Discovery was firing 100 TV ad salespeople at the same time that Paramount has considered ending offering Showtime as a standalone service, Bloomberg reported.
Netflix followed suit with their own layoffs, the report says. The company has reportedly let go hundreds of employees and abandoned some of its office space. At the same time, the firm's stock price has collapsed and fallen more than 60% from its all time highs.
Walt Disney Co. Chief Executive Officer Bob Chapek said in a recent interview with Bloomberg: “The very foundation that the streaming business sits on has been devolving on sand. It’s all been shifting.”
A new study published in the New England Journal of Medicine has concluded that the mRNA Covid-19 injections destroy the natural immune system.
The study backs up months of work conducted by the team here at The Expose analysing official Government data in which we uncovered severe immune system degradation among the vaccinated population that worsens by the week, suggesting the vaccinated are developing some new form of Acquired Immune Deficiency Syndrome.
It also supports further analysis of official Government data that suggests Covid-19 vaccination takes approximately 5 months to kill.
Uganda has declared an Ebola outbreak after a young man tested positive for a rare strain of the deadly virus, officials say. Eight suspected cases, as well as six suspicious deaths, are still being investigated.
The outbreak was first noticed last week when several people fell ill in Mubende, a district in central Uganda. One of them, a 24-year-old man from Ngabano village, died on Monday and tested positive for Ebola a few hours later.
The Health Ministry confirmed Tuesday that the man was suffering from Sudan Ebolavirus, a strain which was last seen in humans in 2012, when an outbreak killed 17 people. More recent cases of Ebola have involved the better-known Zaire strain.
“We want to inform the country that we have an outbreak of Ebola which we confirmed yesterday,” Diana Atwine, the health ministry’s permanent secretary, said at a news conference, according to Reuters. She said the confirmed case had high fever, diarrhoea, abdominal pains and was vomiting blood.
Newly released polling data shows that the majority of Americans report they are falling behind the cost of living.
NBC News released the poll, which found that 58% of Americans disapprove of President Joe Biden’s handling of the economy.
Another 63% of surveyed voters say their income is falling behind the cost of living. That poll points to inflation, which has soared since Biden took office and been a political thorn in Democrats’ side.
The U.S. Bureau of Labor Statistics released inflation data last week showing that prices rose across a range of items in August, but the overall inflation rate was dampened by an unusual fall in gas prices from record highs in recent weeks.
Many items saw huge increases. Food prices, for instance, have shot up in the last year.
For the first time in decades, central banks are tightening their monetary policy while governments continue to spend money as if nothing has changed. Large enterprises are not harmed by the most recent rate increases as long as credit conditions are still lax. However, households and small enterprises are bearing the full weight of the financial squeeze.
The current level of mortgage rates in the US is the highest since 2008. According to Reuters, the average interest rate for a 30-year mortgage hit 6.02% last week.
A perfect storm of declining sales and increased finance costs hurts small enterprises. While retail sales rose 0.3% in August, the data for July was corrected to indicate a 0.4% decline in sales. In addition, after July’s numbers were negatively revised, core retail sales were unchanged in August. This indicates a sharp decline in sales in real terms. Since official retail sales aren’t inflation-adjusted, August’s 9.1% increase over the prior year was actually flat.
Late last month, the California legislature voted to pass a bill that would allow the State to take custody of out-of-state minors seeking gender transition surgeries and cross-sex hormones – even if these actions go against the wishes of the child’s parents.
Sunken, unfinished graves at a cemetery in Eagle Pass, Texas allegedly hold more than a dozen unidentified migrants who died in the dangerous journey trying to cross illegally from Mexico into the U.S.
Maverick County Cemetery has marked the makeshift graves with crosses constructed from PVC pipes and the temporary identification cards at the base of the crosses read 'John Doe'.
A TikTok video of the scene with nearly 200,000 views claims that the migrants buried are those who drowned while crossing the Rio Grande River into Texas.
People living near the cemetery claim that the burials began in mid-August, and of the more than one dozen bodies buried, at least one was a baby, Eagle Pass' local station KSAT 12 reported.
The video's caption claims that the Webb County Medical Examiner's Office is at capacity, and the funeral homes in Maverick County and Eagle Pass Texas are also unable to take any more bodies.
A TikTok video shows at least a dozen sunken burial plots where undocumented migrants were buried at graves marked with PVC pipe 'crosses' near the popular crossing spot in Eagle Pass, Texas
The Biden Administration has created a crisis that is destroying the bond markets and the stock markets. Now the Biden recession is destroying the housing market.