Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The endless bleating of well-paid pundits in the corporate media about "reform" is just more circus.
It's difficult for well-meaning pundits to abandon the fantasy that meaningful reform is possible. Indeed, a critical function of the punditry and corporate media is to foster the fantasy that the status quo could be reformed if only we all got together and blah blah blah.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The truth is the usual menu of reforms can’t stop this failure, so we have to prepare ourselves for the radical transformations ahead.
By EconMatters
Declining U.S. Production, the Massive drop in RIG Counts, and robust Demand Growth for 2016 are all bullish fundamentals for the Oil Market heading into the Seasonally Strong part of the Demand Curve from a consumption standpoint.
https://www.youtube.com/watch?v=c-7PcfQjoJc
By EconMatters
We reported last week that BP is facing a revolt from its shareholders over the salary of its CEO Bob Dudley. What happened was BP's Board approved an executive compensation package including a 20% raise in 2015 to nearly $20 million for its CEO Bob Dudley. Although we do not have the detail of other executive compensations, they must be pretty generous judging from Dudley's 20% raise.
The New York Times reported last week: