With oil prices surging to 17-month highs following this weekend's OPEC-NOPEC deal and Saudi promises to cut still more, many Wall Street analysts are skpetical with Goldman Sachs warning that the Saudis are wrong to think U.S. shale production won’t respond to higher prices. However, Nomura and Bernstein see little threat to OPEC from rising U.S. shale production in 2017.
Prices spiked...
Top Experts Dismiss Reported Claim That Russia Influenced the US Election
Presstitutes such as the New York Times and Reuters continue to hype an alleged CIA finding that Russians hacked Hillary’s emails and used them to influence the election outcome. As a number of experts have noted, there is no evidence whatsoever for the claim, which is in the category of fake news.
Julian Assange at Wikileaks, which released the leaked, not hacked, documents, denies that the Russians were involved.
The US government’s claim of killing thousands of terrorists in the fight against ISIS is the “stuff of fairy tales” and far removed from reality, according to former American diplomat, J. Michael Springmann. Springmann, who had been a high-ranking US diplomat in Saudi Arabia, made his remarks after a senior American military official said that the US-led coalition conducting airstrikes in Iraq and Syria had killed terrorists in the two countries since 2014.
On Sunday morning, Trump reignited the diplomatic spat with China when during an interview with Chris Wallace on Fox News Sunday the President-elect said that his support for the "One China" policy which has underpinned U.S. behavior toward Taiwan since the 1970s, will hinge on cutting a better deal on trade, in other words it will be a "barter chip" to extract future concessions from Beijing.