A double-whammy of bullish news hit WTI crude futures shortly after 1300ET today sending prices soaring. First, The White House denied earlier rumors on changes to the ethanol mandate; and then Reuters confirmed OPEC production cut compliance steady at 94%.
A group of Harvard scientists have reported that one of the world’s most super-rare metals has mysteriously vanished from their laboratory. Last month, scientists at Harvard University successfully created metallic hydrogen – a feat that no-one else had done before. Morningticker.com reports: Scientists hailed it as the “holy grail” of high pressure physics when they finally produced it in the lab: metallic hydrogen, a century after it was first theorized to exist.
The fact that farm incomes have come under increasing pressure over the past couple of years should come as little surprise to our readers (for those who missed our latest update, see: "Midwest Farm Bubble Continues Collapse As Farm Incomes Expected To Crash In 2017"). Unfortunately, at least according to Bank of America's Global Ag Chemical team led by Steve Byrne, farmers shouldn't expect a reprieve any time in the near future.
The mother of all storms is set to hit California in the near future, with large sections of the State at risk of severe flooding, according to the National Weather Service. According to scientists, the recent bout of storms across the West coast of America are just a precursor to a much bigger storm that will be of “biblical proportions” compared to recent weather. Recent research has shown that every 200 years for the past 2,000 years or more, California has experienced massive floods that have swept through the state causing thousands of deaths.
Submitted by Michael McDonald via OilPrice.com,
The United States was once a projected leader in the nuclear energy race. In the 20th century, the world dreamed of finding a way to provide safe, cheap, and renewable energy, and nuclear power seemed to be the manifestation of those dreams. All of this, however, seems to be coming to an end.