Authored by Mark St.Cyr,
For those that have been following this chart for a awhile you can just skip down to the chart and following commentary. And as always: If someone says they “know” precisely what will happen next. My only advice would be to run – don’t walk. And the quicker, the better.
Earlier today, we brought you the official statement in which ISIS claims responsibility for the attacks that left 34 people dead in Brussels on Tuesday. The group promises “black days for all crusader nations” and an attack “more devastating and bitter” than those that have come before (“Allah permitting,” of course).
Wouldn’t want to disturb your complacency or anything, but here’s news:
The percentage of Americans who prayed or believed in God reached an all-time low in 2014, according to new research led by San Diego State University psychology professor Jean M. Twenge.
In what, if true, is the most incendiary allegation of the day, Israel's Haaretz newspaper reports that Belgian security services and other Western intelligence agencies had "advance and precise intelligence warnings" regarding Tuesday’s bombings. According to the paper, "the security services knew, with a high degree of certainty, that attacks were planned in the very near future for the airport and, apparently, for the underground railway as well."
Here is the full Haaretz report:
One month ago, just as Cushing storage was rapidly approaching its operational capacity, we warned that Cushing (and increasingly all parts of PADD 2) is denying storage requests. We also said that overall PADD 2 inventories had risen to a new record high 155 million barrels...
... hinting that it was just a matter of time before excess production would be shifted to other regions, most notably the Gulf Coast, or PADD 3.