By EconMatters
We discuss game theory and the idea that cooperative game theory suggests here that both Iran and Russia would be better served to cut oil production as opposed to merely freezing oil production. We could easily be talking about losing an extra 20 to 50 plus Billion in annual Oil Revenues for these two countries.
https://www.youtube.com/watch?v=JBMSJp-Wkek
"noise" and "imprudence" indeed...
Source: MichaelPRamirez.com
IHS Markit today released their annual study on the average age of light vehicles registered in the U.S.. As expected, the average fleet age continues to tick up and currently stands at 11.6 years. While this may be great news for consumers, higher quality and longer useful lives can have a detrimental impact on annual auto sales.
“Quality of new vehicles continues to be a key driver of the rising average vehicle age over time,” Mark Seng, global automotive aftermarket practice director at IHS Markit, said in a statement.
Scientists and conspiracy theorists alike were left mystified after NASA cameras picked up a mysterious blue spherical object zooming past the Sun on November 17th Taken from NASA’s STEREO (Solar Terrestrial Relations Observatory) satellites which orbits the Sun, the images show the large sphere in clear view, before going missing from other frames. In response to much online speculation about the blue sphere, NASA said while there is a coronal hole on the surface of the sun at the moment, it was not captured in the images.
In what is surely a mere coincidence, at the same time as Facebook has been embroiled in a scandal involving the dissemination of "election tipping" stories, which prompted Zuckerberg to release a 7-point plan to eradicate "fake news" and which many conservatives believe is a preamble toward wholesale banning of so-called "fake news" websites (as arbitrarily defined by an ultra-liberal, Trump-bashing "professor") by the social networks (when ironically, Wikileaks revealed that Google was actively engaged in developing a "strategic plan" to help the Democrats win the election and t