July 2017

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This <b>Oil</b> Price Rally Has Reached Its Limit

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were …The post This <b>Oil</b> Price Rally Has Reached Its Limit appeared first on …


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Scaramucci Listed As Dead In Latest Harvard Alumni Directory

It was a bad day for Anthony Scaramucci: first the Mooch was fired just ten days after he was first hired, in the brief process getting served with divorce papers and missing the birth of his baby while unleashing a bizarre rant for the ages, and then shortly after, his now former boss, the president of the US, the same one who earlier said there was no chaos at the White House, tweeted that it was “A great day at the White House”

In this case, one of the responses to the Trump tweet was substantially more informative than the original:

In 10 days you destroyed @Scaramucci’s hedge fund, his career, his marriage, and made him miss the birth of his child.
 
Then you fired him.

— Jules Suzdaltsev (@jules_su) July 31, 2017

And then, adding insult to pink slip, CBS reported that Harvard Law School apologized for erroneously listing Anthony Scaramucci as dead in its new alumni directory.

No, really: a directory mailed to alumni this week included an asterisk by the name of Scaramucci, a 1989 graduate of the Cambridge, Massachusetts, university, indicating he had died.

A statement from the law school apologizes for the error and says it will be corrected in future editions. It doesn’t provide an explanation for the error. The directory is published every five years and is available only to alumni of the Ivy League law school.

If there was any consolation for Scaramucci, it came from People Magazine, which reported that the lawyer representing the estranged wife of ousted White House communications director denied the NY Post report that the couple ended their marriage because of President Trump.

“I don’t know where that came from, but it is not accurate. It is a false fact,” divorce lawyer Jill Stone, who represents Deidre Ball, told People magazine on Monday.

So at least that wasn’t Trump’s fault. And now that he is once again out of the public eye, Scaramucci may finally get what he requested just 48 hours ago: a plea to leave his family out of it.

Leave civilians out of this. I can take the hits, but I would ask that you would put my family in your thoughts and prayers & nothing more.

— Anthony Scaramucci (@Scaramucci) July 28, 2017

To top off an emotional day for all, here is some humor from The Onion:

Following his abrupt dismissal just 10 days after being named White House communications director, Anthony Scaramucci reportedly received an outpouring of sympathetic texts Monday from friends and family expressing that they were “so fuckin’ sorry to hear about this shit.”

 

“My deepest motherfuckin’ condolences, Tony, it’s terrible to hear you got shit-canned by these ass-munching cocks in D.C.,” read a text message in part, just one of dozens sent by old buddies at Goldman Sachs, current business partners at SkyBridge Capital, and extended family in New Jersey in response to his “goddamn bullshit” dismissal.

 

“Sorry to hear those bitches gave you the fucking ax, Mooch. That jackass [John] Kelly got no fucking clue what a good fuckin’ dude you are. Just know your mother and I always got your fucking back.” At press time, Scaramucci’s New York office was reportedly filled with flower arrangements and handwritten cards lamenting that this was “absolute fucking trash.”

The post Scaramucci Listed As Dead In Latest Harvard Alumni Directory appeared first on crude-oil.news.


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Democrats’ Biggest Donor Urges Shift To Bernie’s Platform: “Being Never-Trump Is Not Nearly Enough”

Tom Steyer, a California hedge fund billionaire, had the dubious honor of being the largest donor to the Democratic party – spending a whopping $87 million on Democratic candidates and causes in 2016 and endorsed Clinton after the primaries. With Schumer and the Democrats pushing their ‘new better deal’ and admitting the Russians didn’t do it (and being anti-Trump is not enough), Steyer is supporting his party’s perspective and dumping Hillary’s ‘but but but it was the Russians… and Comey’ narrative’.

Steyer recently spoke to Mic.com’s Jake Horowitz to discuss the state of play for Democrats in the Trump era – the good, bad and yes, the ugly…

“Democrats have to move from resistance to offense,” Steyer said.

 

Being not-Trump is not nearly enough. We have to put forward our positive vision for the future. If we can’t do that, then I don’t understand the point.

Today however, Steyer is now an unabashed supporter of Sanders’ progressive vision…

“When people say Bernie is crazy, no. Bernie is talking about inequality. That is the burning issue in the United States.”

 

“There is an absolute, unspoken war between corporate interests and the American people,” he said. “That’s the underlying subtext for all of the public discussions within the Democratic party.”

 

“We’re seeing a deliberate attempt to take away [working families’] future by really rich people. Until we address that, I don’t think we’re dealing with the reality Americans are facing today,” he continued.

But Democrats, Steyer said, have yet to develop a compelling and positive message to channel the energy Sanders generated on the campaign and help the party win back working class voters in the Rust Belt who flipped for Trump – let alone turn their own base out at the polls on Election Day. For Steyer, that message must start with inequality, not jobs.

“Before you freak out on the jobs question, which everyone loves to do, understand that we [only] have 4.3% unemployment,” Steyer said.

 

“But what we do have is a whole bunch of people who have jobs they can’t live on,” he added, a reference to the thinking behind the Fight for $15 and other progressive campaigns to raise working class wages.

Steyer, who said he considers himself a Democrat but “not part of the party apparatus in any shape or form,” was the largest individual funder of the 2016 election. The results were obviously quite disappointing. Of the seven candidates for national office that Steyer supported through NextGen’s Action Committee, four lost — including, of course, Clinton.

Coming off those bruising defeats, Steyer has only redoubled his efforts.

He recently announced on Mic the launch of NextGen Rising, a new voter registration campaign to mobilize young voters in eight key states ahead of the 2018 midterm elections.

“One of the absolute necessities for Democrats in 2018 is going to be to recruit credible and good candidates that line up well with their districts,” Steyer said.

Still, aside from Sanders, it’s not immediately obvious who would be the best candidate to advance the economic message Steyer is championing, between the dozen or so names that are frequently mentioned as 2020 contenders — from Cory Booker and Elizabeth Warren, to outsiders like Howard Schultz. But one thing is clear: Steyer has his eyes on 2018 and 2020, and he’s in favor of the party adopting a solidly progressive agenda, rather than just running on an anti-Trump platform or trying to fight for the center.

Well it can’t get much worse?

We suspect,. however, that no matter what Steyer and Schumer say, Maxine Waters and her ilk will be unable to change their narrative… like this little beauty over the weekend…

Mike Pence is somewhere planning an inauguration. Priebus and Spicer will lead the transition.

— Maxine Waters (@MaxineWaters) July 30, 2017

The post Democrats’ Biggest Donor Urges Shift To Bernie’s Platform: “Being Never-Trump Is Not Nearly Enough” appeared first on crude-oil.news.


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5 Companies To Watch As Oil Rebounds

U.S. shale drilling may have rendered OPEC production cuts irrelevant and caused oil to drop again, but this is a fabulous opportunity for investors to get in on great companies trading at fantastically low prices. This won’t last for long though, because shale growth—even where it’s at right now—can’t fill in the gaps of declining investment and production around the world. In the longer term, oil prices will rebound, and those companies who have managed to strengthen themselves with innovations, cost-cutting, greater…


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US imposes sanctions on ‘dictator’ Maduro

Author: 
AFP
Mon, 2017-07-31 23:34
ID: 
1501539183651703600

WASHINGTON: The United States on Monday branded Venezuelan President Nicolas Maduro a “dictator” on a par with Syria’s Bashar Assad or North Korea’s Kim Jong-un, and imposed sanctions on him.
“Maduro is not just a bad leader, he is now a dictator,” President Donald Trump’s national security adviser HR McMaster told reporters.
“The United States stands with the people of Venezuela in the face of this oppression.”
Sunday’s vote in Venezuela to elect a Constituent Assembly that would supersede the country’s opposition-controlled National Assembly triggered international scorn — and a US response.
“Yesterday’s illegitimate elections confirm that Maduro is a dictator who disregards the will of the Venezuelan people,” US Treasury Secretary Steven Mnuchin said.
“By sanctioning Maduro, the United States makes clear our opposition to the policies of his regime and our support for the people of Venezuela who seek to return their country to a full and prosperous democracy.”
Washington has long been a critic of Maduro — and of his late predecessor Hugo Chavez — but Monday’s statement marks the first time that senior officials have publicly branded him a dictator.
And the United States has already imposed sanctions on several Venezuelan individuals and organizations, but, in taking the rare step of targeting a sitting head of state by name, it signaled growing alarm at the crisis.
Mnuchin said Maduro was only the fourth foreign leader to be blacklisted in this way, and McMaster warned he had joined an “exclusive club” led by Assad, Kim and Zimbabwe’s President Robert Mugabe.
The order does not, however, impose restrictions on Venezuela’s huge oil exports to the United States — a key lifeline for the country’s tottering economy but also its leftist anti-American government.

Mnuchin would not be drawn on whether oil sanctions are being considered, but noted that Trump had decided not to take measures that would hurt the “Venezuelan people” rather than Maduro’s allies.
The Treasury secretary urged those elected to the controversial Constituent Assembly not to take their seats, and warned that any who support the imposition of “an authoritarian regime” will also face sanctions.
“As a result of today’s actions, all assets of Nicolas Maduro subject to US jurisdiction are frozen, and US persons are prohibited from dealing with him,” he said.
Mnuchin would not comment on whether his investigators believe that Maduro has any assets on US soil or liable to pass through the US financial system.
“Under Maduro, the Venezuelan government has deliberately and repeatedly abused the rights of citizens through the use of violence, repression and criminalization of demonstrations,” he alleged.
“At his direction, the regime’s security forces have systematically repressed and criminalized opposition parties through arbitrary detention, military prosecution of civilians and the excessive use of force against demonstrators.
“Any member of the opposition or critic of the regime risks being detained, imprisoned, assaulted, tortured and assassinated