Issued at 1500 UTC WED AUG 14 2024
Category: News
Hurricane Ernesto Advisory Number 12
…ERNESTO BECOMES A HURRICANE NORTH OF PUERTO RICO… …SIGNIFICANT FLOODING LIKELY ACROSS PUERTO RICO AND THE VIRGIN ISLANDS AS HEAVY RAINS PERSIST…
As of 11:00 AM AST Wed Aug 14
the center of Ernesto was located near 20.5, -67.6
with movement NW at 16 mph.
The minimum central pressure was 991 mb
with maximum sustained winds of about 75 mph.
WTI Extends Losses Despite Cushing Stocks Tumbling To 6-Month Lows
WTI Extends Losses Despite Cushing Stocks Tumbling To 6-Month Lows
Oil prices are lower this morning – following bond yields, bitcoin and big-cap all lower post-CPI – erasing the small gains overnight following API’s reported big crude draw.
“Macroeconomic eyes remain very much glued on the state of inflation in the United States this week. With US PPI coming in 0.1% softer-than-expected yesterday, any such replication in the CPI reading today will hear not only a clamour of calls for the US Federal Reserve to cut interest rates but see another bout of speculative equity buying,” PVM Oil Associates noted.
For now, the official DOE data will likely decide the next leg.
API
-
Crude: -5.2mm
-
Cushing: -2.277mm
-
Gasoline: -3.689mm
-
Distillate: +612k
DOE
-
Crude: +1.36mm
-
Cushing: -1.665mm
-
Gasoline: -2.894mm
-
Distillate: -1.673mm
Crude stocks rose last week, ending a six-week streak of draws, but Cushing stockpiles continued to sink as did product inventories…
Source: Bloomberg
Stocks at the Cushing hub fell to their lowest since February…
Source: Bloomberg
The Biden admin added 694k barrels of oil to the SPR…
Source: Bloomberg
For context, there’s a long way to go..
Source: Bloomberg
US Crude production dipped off record highs…
Source: Bloomberg
WTI is extending its losses for now…
Middle East tensions remain heightened, with Iran still claiming the right to retaliate against Israel following the assassinations of key leaders in the Hamas and Hezbollah militant groups it backs. A direct attack on Israel is expected, but Iran has so far delayed any strike.
Notypist
Wed, 08/14/2024 – 10:41
NewsWare’s Trade Talk: Wednesday, August 14 | NewsWare‘s Trade Talk
S&P Futures are flat to higher this morning as the markets awaits another key economic data report. Before the bell today the July CPI data is scheduled for release. Japan’s Prime Minister announced that he will step down in September. Iran thought to be waiting on the outcome of the Gaza ceasefire talks before making a decision on an Israeli strike. Boeing is said to be close to an $18.8B deal on fighter jets for Israel. Mars is close to a 30B deal for Kellanova. Elliott Mgmt planning for a proxy fight with Southwest Airlines. PTON is higher after announcing a deal with Google. CAH released an earnings beat while EAT missed this morning. Oil prices have given back earlier gain and are now lower. In Europe, stocks have turned lower.
61-Year-Old Brit Gets 18 Month Prison Sentence For Chanting “Who The F**k Is Allah”
61-Year-Old Brit Gets 18 Month Prison Sentence For Chanting “Who The F**k Is Allah”
Authored by Paul Joseph Watson via Modernity.news,
A 61-year-old man in the UK was jailed for 18 months for chanting “who the fuck is Allah” and telling police officers “you’re not English anymore” during a protest outside Downing Street.
Yes really.
The sentence handed out to David Spring is the latest shocking example of how low the bar has now been set in terms of free speech in response to rioting that occurred after the murder of three girls in Southport last month.
Spring attended a demonstration of around 700 people in London on July 31 which turned disorderly.
Police bodycam footage that was played in court showed Spring calling police officers “cunts,” making “hostile gestures” and joining in with chants of “who the fuck is Allah” and “you’re not English anymore.”
While Spring’s behavior could be described as offensive and unruly, the fact that he will spent the next year and a half behind bars for saying mean words exemplifies how the UK has slipped into extreme authoritarianism in the space of just two weeks.
Jesus fucking christ, save us. pic.twitter.com/weqxkY0kwS
— Callum (@AkkadSecretary) August 13, 2024
When he was arrested, Spring told police, “I didn’t go up to London to riot. I went to complain about people put up in hotels,” referring to illegal immigrants staying in hotels at taxpayer expense.
Defending lawyer Piers Kiss-Wilson said, “The defendant asked me to put forward his apologies to the court and he says he is embarrassed by his behaviour and he is ashamed by it.”
“He also wants to apologise to his family and friends and his wife who don’t deserve this.”
The man’s wife, who suffers from ill health, will now be deprived of her primary carer thanks to Spring’s imprisonment.
Two headlines
Two legal judgments
Two tier country
This is the United Kingdom pic.twitter.com/0F1ZAnPdSB
— Mahyar Tousi (@MahyarTousi) August 13, 2024
The question once again arises as to why these individuals are continuing to plead guilty despite the fact that it is not preventing them from being handed jail time.
Despite the fact that the legislation surrounding hate speech and incitement is more draconian in the UK than in numerous other major western countries, one would think a good free speech lawyer would be able to defend these people more adeptly.
As we highlighted yesterday, Spring’s sentence is only outdone in its absurdity by cases where online speech of people who never even attended riots is leading to prison sentences.
Another man was imprisoned for 2 months merely for posting the words “coming to a town near you” alongside images of Muslim men on Facebook.
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Tyler Durden
Wed, 08/14/2024 – 08:25
Tropical Storm Ernesto Public Advisory
…FLOODING RAINS FROM ERNESTO CONTINUE ACROSS PUERTO RICO AND THE VIRGIN ISLANDS…
As of 8:00 AM AST Wed Aug 14
the center of Ernesto was located near 19.8, -67.2
with movement NW at 16 mph.
The minimum central pressure was 991 mb
with maximum sustained winds of about 70 mph.
Innovation through Antitrust Litigation? The Myth of Linear Progress
Antitrust regulators claim that antritrust law and enforcement is necessary to preserve competition and foster economic innovation. In truth, antitrust law is anti-innovation and anti-competition.
Ukraine and NATO Launch New Provocations
by Harley Schlanger, LaRouche Organization: The attack on the Kursk region of Russia by Ukrainian forces is being hailed by War Hawks as a possible turning point in the war, one which exposes Russian weaknesses and the importance of resupplying Ukraine with more military aid. However, it more closely resembles two campaigns by a desperate […]
Climate change fuelled deadly India landslides, say scientists
Climate change played a key factor in torrential rains in India that triggered catastrophic landslides killing at least 200 people last month, a group of scientists said Wednesday. Monsoon rains battered the southern coastal state of Kerala and triggered landslides on July 30, burying homes and residents in Wayanad district under tonnes of rock and […]
The post Climate change fuelled deadly India landslides, say scientists appeared first on Insider Paper.
Leggett: Disunion Is Better than Slavery
“If we can hope to maintain [union] with our brothers of the south only by dismissing all hope of ultimate freedom to the slave; let the compact be dissolved.”