BREAKING: Saudi Aramco's CEO just warned the world's emergency oil reserves are almost gone.
He says nearly 3 billion barrels of supply have been lost since the Strait of Hormuz crisis began, and the roughly 6 billion barrels still in storage are "not practically available," stuck in the wrong location, wrong grade, or tied up by owners.
The world uses over 100 million barrels of oil every single day, meaning what's left in reserve covers less than 2 months of global demand.
Even if the Strait reopens today, Aramco says rebuilding reserves to safe levels could take up to 2 years.
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He says nearly 3 billion barrels of supply have been lost since the Strait of Hormuz crisis began, and the roughly 6 billion barrels still in storage are "not practically available," stuck in the wrong location, wrong grade, or tied up by owners.
The world uses over 100 million barrels of oil every single day, meaning what's left in reserve covers less than 2 months of global demand.
Even if the Strait reopens today, Aramco says rebuilding reserves to safe levels could take up to 2 years.
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We need a complete and total shutdown on women exercising until we can figure out what the hell is going on
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BREAKING: VOX Party leader Santiago Abascal sends message to voters ahead of the snap elections:
"I encourage you not to vote by mail. Vote at the ballot box, because at this moment I absolutely do not trust anything Pedro Sánchez might do."
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"I encourage you not to vote by mail. Vote at the ballot box, because at this moment I absolutely do not trust anything Pedro Sánchez might do."
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Media is too big
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More Americans are shocked to learn that cash pay prices are much cheaper than using your health insurance
“Last night I got an MRI at a radiology center and insurance approved it — I asked what was copay. Copay of the MRI was $400+
And I asked like, what would it cost out of pocket? $250”
There have actually been real studies on this and it’s shown that cash price is typically as much as 40% cheaper than insurance rates in America
Read that again
A Health Affairs study of 2,379 hospitals and 70 common shoppable services. At the same hospital, for the same procedure:
- Discounted cash prices averaged about 64% of the normal price
- Commercial insurance negotiated rates averaged about 58% of list
- Cash was lower than that hospital’s median insurer rate in 47% of cases
Typical days price savings vs health insurance rates are 20-40%
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“Last night I got an MRI at a radiology center and insurance approved it — I asked what was copay. Copay of the MRI was $400+
And I asked like, what would it cost out of pocket? $250”
There have actually been real studies on this and it’s shown that cash price is typically as much as 40% cheaper than insurance rates in America
Read that again
A Health Affairs study of 2,379 hospitals and 70 common shoppable services. At the same hospital, for the same procedure:
- Discounted cash prices averaged about 64% of the normal price
- Commercial insurance negotiated rates averaged about 58% of list
- Cash was lower than that hospital’s median insurer rate in 47% of cases
Typical days price savings vs health insurance rates are 20-40%
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BREAKING - France school protester has hand blown off picking up police grenade: authorities, police sources
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French high school riots have now reached Belgium’s Liège province
Police have cracked down. Dozens of administrative arrests were made over consecutive days after officers found materials in some rioters’ bags that could be used to make Molotov cocktails.
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Police have cracked down. Dozens of administrative arrests were made over consecutive days after officers found materials in some rioters’ bags that could be used to make Molotov cocktails.
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BREAKING: The Brazilian Real rises nearly +5% against the US Dollar after Flavio Bolsonaro beats President Lula in the first round of Brazil’s presidential election, marking Lula’s first presidential election loss since 1998.
Brazilian markets are rising ahead of the October 25th runoff.
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Brazilian markets are rising ahead of the October 25th runoff.
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FOLLOWUP (0.76, took 0.4s):
BREAKING: Sao Paulo stock exchange opens 4% higher after Flavio Bolsonaro (son of former Brazil president) takes election lead
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BREAKING: Sao Paulo stock exchange opens 4% higher after Flavio Bolsonaro (son of former Brazil president) takes election lead
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The real cost to borrow money for 10 years is up more than 60% since the US-Iran war started.
The 10-year real yield has jumped from 1.72% to 2.80%, its highest level since 2008.
And this is important because the real yield shows the cost of borrowing after expected inflation is removed.
The regular 10-year Treasury yield can rise simply because investors expect higher inflation.
But real yields strip that out.
So this shows that the actual cost of borrowing has become much more expensive.
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The 10-year real yield has jumped from 1.72% to 2.80%, its highest level since 2008.
And this is important because the real yield shows the cost of borrowing after expected inflation is removed.
The regular 10-year Treasury yield can rise simply because investors expect higher inflation.
But real yields strip that out.
So this shows that the actual cost of borrowing has become much more expensive.
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HOLY SMOKES. Jack Smith's team TRACKED the calls of Trump's defense lawyers by monitoring Susie Wiles' phone, per newly declassified FBI memos reported by Just The News
Smith's team also SECRETLY met with disgraced CIA Chief John Brennan and the meeting notes were left blank.
The memos show FBI agents used a pen register on Wiles' phone from at least February to May 2023, logging her calls and texts with at least 21 Trump lawyers, campaign staff, and at least FIVE journalists
FBI field agents wrote that they did NOT believe there was probable cause for the Mar-a-Lago raid, but DOJ pushed ahead anyway
THIS IS A MASSIVE VIOLATION
Jack Smith is a deep state criminal who should face prosecution!
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Smith's team also SECRETLY met with disgraced CIA Chief John Brennan and the meeting notes were left blank.
The memos show FBI agents used a pen register on Wiles' phone from at least February to May 2023, logging her calls and texts with at least 21 Trump lawyers, campaign staff, and at least FIVE journalists
FBI field agents wrote that they did NOT believe there was probable cause for the Mar-a-Lago raid, but DOJ pushed ahead anyway
THIS IS A MASSIVE VIOLATION
Jack Smith is a deep state criminal who should face prosecution!
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