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Oil Tanker Logjam Grows To 54 Ships As Gulf Ports Remain Closed

Oil Tanker Logjam Grows To 54 Ships As Gulf Ports Remain Closed

On Tuesday, just as Hurricane Harvey was peaking, we reported that according to ship-tracking data compiled by Bloomberg, as well as MarineTraffic real-time tracking, at least 25 tankers carrying almost 17 million barrels of imported crude oil were drifting near Texas and Louisiana ports, unable to offload because of closures from Tropical Storm Harvey.

"Liberal Socialism" - Another False Utopia

Authored by Richard Ebeling via The Mises Institute,

Very often bad and failed ideas do not die, they simply reappear during periods of supposed social and political crisis in slightly different intellectual garb, and offer “solutions” that would merely help to bring about some of the very types of crises for which they once again claim to have the answers. Socialism in its various “progressive” mutations represents one of the leading ones in our time.

China Launches Official Investigation Into US Intellectual Property Practices

China Launches Official Investigation Into US Intellectual Property Practices

By Chris at www.CapitalistExploits.at

Last week, China bypassed the World Trade Organisation agreements and using an old law officially launched a probe into Americas intellectual property practices.

China's foreign affairs minister, talking of America, stated that:

"We’ve come to the conclusion that they’re in an economic war and they’re crushing us.”

Reiterating this stance, a Chinese Communist Party spokesman went on to say:

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