Authored by Tsvetana Paraskova via OilPrice.com,
As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production will likely cap any significant price gains.
On the demand side, expectations are that global economic growth will support solid oil demand growth.
Authored by James Howard Kunstler via Kunstler.com,
Stephen Lendman Explains that even US Vassals Gave Trump the Finger on Jerusalem
http://stephenlendman.org/2017/12/un-jerusalem-vote-postmortems/
The post Stephen Lendman Explains that even US Vassals Gave Trump the Finger on Jerusalem appeared first on PaulCraigRoberts.org.
Multiple Russian state media outlets are reporting that President Vladimir Putin has stressed that Russia has a right to respond to US military build-up in Europe while furthering its strategic nuclear deterrence capabilities in a speech delivered before a Defense Ministry meeting on Friday in the city of Balashikha outside of Moscow.
The latest confirmation that the US consumer is now effectively tapped out came moments ago when the Dept of Commerce reported that in November, Personal Income rose by a lower than expected 0.3% (exp. 0.4%), while US consumers continued to splurge at an accelerated rate, with personal spending rising 0.6%, above the 0.5% expected, as Americans decided to splurge on holiday products and services.
A way of visualizing the historical change in income, spending - and savings - is the next chart below: