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The World's Largest Shipping Company Is Already Preparing For The Next Oil Crash

The World's Largest Shipping Company Is Already Preparing For The Next Oil Crash

It was almost a year ago, when having tumbled in early 2015, oil proceeded to rebound strongly into the summer, where it traded at about $60 for three months, before US production resumed resulting in the next big leg lower which culminated with this's February drop to 13 year lows. At that point a comparable rebound to last year materialized, and just like last year,  the pundits have emerged claiming that there will be no further downside. Incidentally, we covered this comparison previously in "For Oil 2016 Is Setting Up To Be A Rerun Of Last Year."

 

Remembering Slavery At Whitney

Remembering Slavery At Whitney

We have old friends visiting this week from Europe. I encouraged them to go to Rosedown Plantation, in St. Francisville, which is one of the grandest and best preserved plantations in the South. It really is a wonder to behold. But Julie and I also suggested that they get the other side of the story by going to Whitney Plantation, down the river in St. John the Baptist Parish.

IDF General Slammed For Comparing Nazi Germany With Israel

A high ranking Israeli general has come under fire following remarks where he suggested a comparison between Nazi Germany and present day Israel. His comments made during during a Holocaust Remembrance speech have fueled heated discussion among politicians and on social media. However, the deputy head of the Israeli military has been forced to backtrack after comparing some attitudes in present-day Israel to “nauseating trends” in 1930s Germany.

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