Europe

Remember, the stock market is not the economy... Collaping retail sales, soaring inventory-to-sales ratiosm and entirely fictitious China trade data...

Can mean only one thing...

Submitted by Wim de Vriend via OilPrice.com,

The LNG Glut and the Golden Age of Gas, Part 1

‘Where are all the LNG postponements?’ was the puzzled, plaintive warning heard from Oil & Gas experts Wood Mackenzie last September. Besides the new Australian and American terminals preparing to ship out well over 100 Mtpa (Million tones per annum), of LNG, a second wave that size was making its way through the permitting process.

Bilal Saab makes the case for a more precise use of the term ally:

The word “ally” is used far too casually in Washington’s Middle East lexicon. It’s time to break this bad habit, because the truth is that with the exception of Turkey—a NATO member—the United States does not share a single alliance with any Middle Eastern country.

With oil losing some of its euphoric oomph overnight, following the API report of a surge in US oil inventories, and a subsequent report that Iran's oil minister would skip the Doha OPEC meeting altogether, the global stock rally needed another catalyst to maintain the levitation.

Authored by George Soros, originally posted at NYBooks.com,

The asylum policy that emerged from last month’s EU-Turkey negotiations - and that has already resulted in the deportation of hundreds of asylum seekers from Greece to Turkey - has four fundamental flaws.

First, the policy is not truly European; it was negotiated with Turkey and imposed on the EU by German Chancellor Angela Merkel.

 

Second, it is severely underfunded.