Authored by Nick Cunningham via OilPrice.com,
There are some early signs that the shale boom is once again coming to a halt, beaten back by another bear market.
The oil rig count declined by 2 last week, the first decline in six months. It is too early to tell whether or not this is a trend – it is one data point, after all – but if the surging rig count starts to flatten out or even decline a bit, it would provide a huge lift to the oil market.
Authored by Tom Secker and Matthew Alford via Medium.com,
Published by INSURGE INTELLIGENCE, a crowdfunded investigative journalism project for people and planet.
Tom Secker and Matthew Alford report on their astonishing findings from trawling through thousands of new US military and intelligence documents obtained under the Freedom of Information Act.
Following North Korea's latest provocation, the launch of an ICBM that, for the first time, demonstrated North Korea's ability to strike the continental United States, General Vincent Brooks, Commander of Combined Forces Command and General Lee, Sun Jin, Chairman of the Republic of Korea Joint Chiefs of Staff, made a rather forceful combined statement directly warning North Korea they're prepared for war at any time.
Russia's deputy U.N. envoy on Wednesday said military force should not be considered against North Korea and also called for a halt to the deployment of a U.S. missile defense system in South Korea. "The possibility of taking military measures to resolve the problems of the Korean peninsula should be excluded," said Deputy Russian U.N. Ambassador Vladimir Safronkov. "We express our support to the idea of North and South Korea engaging in dialogue and consultations."
The war drums are beating louder, and as US Ambassador to the UN Nicky Haley said moments ago as she speaks live (webcast), the North Korea launch is clear, sharp military escalation and the US will use the full range of its capabilities in North Korea including military force, "if it must." Her key soundbites from Reuters and Bloomberg: