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The Math Behind OPEC's Revised Production Cut Still Does Not Work

The Math Behind OPEC's Revised Production Cut Still Does Not Work

"Whatever it takes."

Saudi Energy Minister Khalid al-Falih and Russia's Energy Minister Alexander Novak

That's what Saudi Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak said in a statement overnight in Beijing they would do to reduce the global oil inventory overhang, using the immortal phrase coined by ECB's Mario Draghi five years ago in his successful bid to defend the euro. For OPEC, however, "whatever it takes" may not be enough.

Major Developments Strongly Suggest The End Of Unipolar World Order

Major Developments Strongly Suggest The End Of Unipolar World Order

Authored by Federico Pieraccini via The Strategic Culture Foundation,

With Moon Jae-In’s victory in South Korea, the period of tension on the Korean Peninsula is likely to end. With the rise to power of the new president, South Korea can expect a sharp decline in hostilities with North Korea as well as a resumption of dialogue with China.

Bharara Joins The Trump "Resistance": Asks If Any Public Servants Will Dare Say No To The President

Bharara Joins The Trump "Resistance": Asks If Any Public Servants Will Dare Say No To The President

It appears the so-called 'resistance' is coalescing around a number of fired-by-Trump formerly powerful Obama administration officials desperate to maintain the tyrannical Trump narrative. The latest is infamous non-prosecutor of Wall Street's worst Preet Bharara who questions: Are there still public servants who are prepared to say no to the president?

 

North Korea's Latest Ballistic Missile Was A "New Type" With Dramatically Longer Range

North Korea's Latest Ballistic Missile Was A "New Type" With Dramatically Longer Range

After North Korea provoked both its neighbors and the US when on Sunday morning it fired off yet another ballistic missile from Kusong near the border with China  - one which this time did not explode upon launch  - just days after the election of a new South Korean president who ironically advocates more engagement with Pyongyang, experts said the missile appeared to be a new type of ballistic missile, and had a far greater range than any other weapon North Korea has successfully launched.

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