After API's surprise draw across all major categories, DOE reported the 7th weekly crude build in a row (even as crude imports plunged). Gasoline, Distillates, and Cushing all saw draws even as crude production rose to new cycle highs - back above 9mm bbl/d.
Submitted by Saxo Bank's Martin O'Rourke via TradingFloor.com,
Submitted by Federico Pieraccini via The Strategic Culture Foundation,
Submitted by Nick Giambruno via InternationalMan.com,
Obama pulled out his veto pen 12 times during his presidency.
Congress only overrode him once…
In late 2016, Obama vetoed the Justice Against Sponsors of Terrorism Act (JASTA). The bill would allow 9/11 victims to sue Saudi Arabia in US courts.
Authored by Murray Rothbard via The Mises Institute,
Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these myths and an analysis of what is wrong with them.
Myth #1
Deficits are the cause of inflation; deficits have nothing to do with inflation.