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Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

Dump said the US will escort ships from the Strait, Iran said "Yeah, and then we'll blow them and you out of the water," and as the overnight kicks in it looks like Brent crude may be off to the races. Opened at 106.80, already up to 110.9.

Plus this aint great:

Iran is running out of places to park its oil — and that could end up being a problem for Wall Street.

Within weeks, the oil-storage problem could force Tehran to further cut crude production, especially if the U.S. continues its blockade of the Strait of Hormuz. The U.S. stock market has barely begun to price in such a supply-shock risk, experts say.

The U.S.-Iran standoff and strait blockade have left Iran with 12 to 22 days until it is no longer able to store more oil either onshore or on floating tanks. This storage issue has already forced the country to reduce daily oil production, which is on track to drop by an additional 1.5 million barrels by mid-May, according to Homayoun Falakshahi, head of crude-oil analysis at Kpler.

Iran’s national oil company has already started reducing output, according to Kpler, and deeper cuts in crude production would further tighten supplies and push oil prices even higher. That threatens to reignite inflation fears that the U.S. stock market lately has been setting aside. It also could be a painful surprise for investors who assumed the worst of the surge in energy prices was behind them.
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We've seen this shock before, but it was at the hands of COVID. The increase in production (Trump's OPEC deal in 2019), coupled with a severe drop in demand thanks to Covid in 2020 which caused prices to crater, and then when the production reduced AND demand was driven through the roof with everyone going back to work/shopping/etc. all drove the cost of oil up (and inflation) in 2022.

This time around, it is 100% Trump's fault. And his economists are drinking his Tangerine FlavorAid for him on network TV.
 
MichVandal said:
Woodford claims that the label happens post sale. Seems hard to engrave like that with a full bottle. Seems that they just want to sell to scammers and don’t want honest people to buy their product.
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ah, I don't doubt that. I know at least one of the bourbon makers in KY was all for maga, probably they all are, so I am sure they don't mind this anyway.
 
Elmo sucks but this isn't bad. The Banks Culture books are fantastic.

The interviewer is a fool to suggest work creates meaning and be wistful about it. Slavery also created "meaning." The highly diverting meaning of remaining functional in a terrifying and painful prison. That is what work is for 90% of people. The tech bros have no conception what a shitty job is and what it does to people.
 
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