🇺🇸🛢️📝: American strategic making over the last several years has become highly emotional in nature, with little consideration for the long term ramifications of their strategic actions. The emerging oil crisis is just the latest example.

In the 2010s, the United States could afford to sanction Venezuela and Iran because oil still flowed freely from Russia and the Arabs, while shale production domestically was booming. With Russia now under sanctions, the Suez and Persian Gulf under geopolitical threat and shale production in the Permian peaking, an energy crunch looks set to inflict considerable damage on the Western Bloc.

This was entirely predictable but the American political elite never considered it because of their extreme devotion (delusion?) in their own belief system which has become detached from any sort of material reality. Now that they can no longer ignore it, they’re scrambling to attempt to soothe things over with Venezuela to prevent a replay of the 1970s.

🇺🇸🛢️ Permian productivity has been a hot topic since well performance dropped last year. That trend looks to be continuing into 2023.

We don't yet have a ton of data on well history (after you factor in reporting delays), but so far, it looks like performance has continued to fall. Looking at peak rates, Permian wells have fallen from an average peak month production of 986 bbl/d in 2021 to 942 bbl/d in 2022 and now 861 bbl/d in 2023.

Of course, the 2023 numbers are for a smaller sample size than 2021 and 2022, but this is nevertheless worth watching.

- Ted Cross

🌐🛢️Oil Headed for $150 Without US Support for More Drilling, Shale CEO Says

Oil is headed as high as $150 a barrel unless the US government does more to encourage exploration, according to Continental Resources, the shale driller controlled by billionaire Harold Hamm.

Crude output in the Permian Basin will one day peak as it already has in rival shale regions such as the Bakken region of North Dakota and the Eagle Ford in Texas, Continental Chief Executive Officer Doug Lawler said during an interview with Bloomberg TV. Without new production, “you’re going to see $120 to $150” oil, he said.

“That’s going to send a shock through the system,” he said. Without policies encouraging new drilling, “you’re going to see more pressure on price.”

- Bloomberg

🛢 🇷🇺 The Imminent Peak In Permian Oil: What Does it Mean For Investors?

The Permian Basin's oil production is set to hit "Hubbert's Peak" late next year, indicating a turning point after which the production will start to decline.

Much of the high-quality acreage in the Permian Basin has already been drilled, contributing to the basin's declining potential and an increasing reliance on less prolific "child" wells.

https://oilprice.com/Energy/Crude-Oil/The-Imminent-Peak-In-Permian-Oil-What-Does-it-Mean-For-Investors.html

🇮🇱❗️The head of Israeli military intelligence took responsibility for allowing the Hamas attack, admitted that intelligence failed - media

🇱🇧🇮🇱New video of Hezbollah anti-tank missile attack

🇮🇷🇵🇸 Iranians have launched an online campaign to recruit volunteers to support Palestine, media say

Currently, about 3.4 million people have applied through the site

🇮🇱 One of the victims of the Hamas attack reported that some of the dead Israelis were killed by Israeli security forces.

Israeli radio Kan REKA and TV Channel 12 published an interview with Israeli Yasmin Porat, a survivor of the Hamas attack on Kibbutz Be'eri near the Gaza border on October 7. She said that local residents were killed by their own security forces. When the Israeli police exchanged fire with Hamas, the Jews fired indiscriminately at both fighters and civilians of the kibbutz.

A witness to the events claims: most of the Jewish civilians were killed by Israeli intelligence services.

🇮🇱⚔️🇵🇸 Israeli army spokesman says next phase of war may be different from expectations

💥 Israeli military changes plans of its original an imminent ground offensive in the next phase of its military operations against the Gaza Strip, according to an army spokesperson on Tuesday.

💥”We are preparing for the next stages of war. We haven't said what they will be. Everybody's talking about the ground offensive. It might be something different," Lt Colonel Richard Hecht told a regular briefing with reporters.

📎SOURCE

@the_inf0link

🇸🇪⚡️The Swedish Minister of Civil Defense said that he had received information about damage to the telecommunications cable between Estonia and Sweden - media

🇺🇲🇺🇦🇷🇺 CNN has now, citing its super-secret and super-official sources, now admitted that the United States recently supplied ATACMS missiles to Ukraine. This is after everyone has already admitted that they were used in Berdyansk.

— 🇮🇱/🇵🇸 BREAKING: Civilian death toll of the Al-Ahli hospital in Gaza that was bombed by an Israeli airstrike has surpassed 500

@Middle_East_Spectator

🇮🇱🇵🇸Israeli soldiers forced Palestinian prisoners to listen to a children's song in Hebrew

🇮🇱🇬🇧 British Navy ships deployed to the eastern Mediterranean to support Israel - British MoD

🇮🇱🇵🇸The moment of arrival at the Christian hospital in Gaza

🇮🇱🇵🇸❗The strike on the Baptist hospital in Gaza killed at least more than 500 people and injured more than 1,200. The numbers are not final. This is what the local Ministry of Health has been able to calculate so far.

One of the most heinous war crimes in recent years.