Submitted by Arthur Berman via OilPrice.com,

Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world.

They are wrong. It is preposterous to say that the world’s largest oil importer is also its swing producer.

There are two types of oil producers in the world: those who have the will and the means to affect market prices, and those who react to them. In other words, the swing producer and everyone else.

A swing producer must meet the following criteria:

A Russian Security Council (SCRF) report suggests that 2016 will be the year that the government of the United States completely collapses, following a civil war amongst its citizens. The report says that the collapse of both the United States and Saudi Arabia governments will occur in 2016 as a result of mass revolts against the corruption these governments rule by, which will then lead to a global era of “unprecedented instability”.

A former nursing home administrator has made a bombshell statement on Twitter on Wednesday, claiming that Bill Clinton raped her in 1978 during a campaign visit to the home she worked at.  Juanita Broaddrick took to Twitter on Wednesday, and tweeted “Bill Clinton raped me”, sending Hillary Clinton’s presidential campaign into panic. In the Tweet, Broaddrick says: “I was 35 years old when Bill Clinton, Ark. Attorney General raped me and Hillary tried to silence me.

While the "sell in 1973, and go away" plan had worked out for some in the commodity space, the destruction of the last decade has only one historical comparison... the middle of The Great Depression.

The 10-year rolling annualized return for commodities is -5.1% - the lowest since 1938...

During the same period Stocks are up 7.3% annualized, Bonds 6.6%, and Cash unchanged. Dip-buying opportunity? Maybe.