CURRENT EVENTS - May 15-18

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The Great Westward March.

21st century Trail of Tears.
Trail of Tears was just 100,000 people and the terrain was all passable by foot or horse. There is no physical way to walk from Gaza to Libya. And when you get to Oklahoma, there was plenty of water and land that could be farmed. What can you do in Benghazi?

Edit -- well, I just looked at Google maps and there is a road that would work. But don't think anyone would survive that trip on foot.
 
Trail of Tears was just 100,000 people and the terrain was all passable by foot or horse. There is no physical way to walk from Gaza to Libya. And when you get to Oklahoma, there was plenty of water and land that could be farmed. What can you do in Benghazi?

Edit -- well, I just looked at Google maps and there is a road that would work. But don't think anyone would survive that trip on foot.
Pray.
 
Trail of Tears was just 100,000 people and the terrain was all passable by foot or horse. There is no physical way to walk from Gaza to Libya. And when you get to Oklahoma, there was plenty of water and land that could be farmed. What can you do in Benghazi?

Edit -- well, I just looked at Google maps and there is a road that would work. But don't think anyone would survive that trip on foot.
You are right about the journey. That is some of the most inhospitable land in the world. The Germans and the British had great difficulty dealing with it during the battle for North Africa during WWII.
1,000,000 might start the march, but no way in hell 1,000,000 make it.
 
How could you possibly relocate 1 million people to Libya. Just the physical transportation alone would be difficult. And then housing, jobs, politics? How is that remotely possible?
they will probably make them walk. They don't care how many make it there alive. Nor how they survive when they get there.
 


I’m sure Trump is fine with this — letting Russia regather itself after the fall of Assad (who they propped up for access to Syria).
 
Trump’s Truth Social seems to be glitching out — maybe their AI is having a moment of clarity this morning?:

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U.S. Drillers Say Peak Shale Has Arrived​

Lower oil prices are expected to precipitate a decrease in crude output that won’t easily be reversed​


🎁 —> https://www.wsj.com/business/energy...7c?st=eiT2ZP&reflink=mobilewebshare_permalink

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“…
The U.S. is on track to see crude oil production modestly increase in 2025—in part because of growth in fields offshore—before declining next year by 1% to 13.33 million barrels a day, according to S&P Global Commodity Insights. That would mark the first year-on-year decrease in roughly a decade, outside the Covid-19 pandemic.

“We believe we are at a tipping point for U.S. oil production at current commodity prices,” Travis Stice, chief executive of Permian driller Diamondback, said in a letter to shareholders last week.

Trump had promised that his administration would bring a new dawn for America’s frackers by killing regulations and allowing them to build new pipelines. But even before he took office, U.S. oil production was on track to flatten out and fall by the end of the decade. …”

——
Trump urging his buddies in OPEC to increase drilling to keep gas prices low has other impacts he doesn’t seem to grasp or just doesn’t care about. The weird mirage of American “energy independence” has been that even though we do produce enough oil to be genuinely self-sufficient in some years just based on gross barrels produced and gross barrels consumed, we actually export a significant portion of our product and import other oil that is better suited to our refining capacity. And that exported product is pretty price sensitive … there is a reason the Big Oil boom/bust cycle is counter-cyclical.
 

U.S. Drillers Say Peak Shale Has Arrived​

Lower oil prices are expected to precipitate a decrease in crude output that won’t easily be reversed​


🎁 —> https://www.wsj.com/business/energy...7c?st=eiT2ZP&reflink=mobilewebshare_permalink

IMG_6975.jpeg


“…
The U.S. is on track to see crude oil production modestly increase in 2025—in part because of growth in fields offshore—before declining next year by 1% to 13.33 million barrels a day, according to S&P Global Commodity Insights. That would mark the first year-on-year decrease in roughly a decade, outside the Covid-19 pandemic.

“We believe we are at a tipping point for U.S. oil production at current commodity prices,” Travis Stice, chief executive of Permian driller Diamondback, said in a letter to shareholders last week.

Trump had promised that his administration would bring a new dawn for America’s frackers by killing regulations and allowing them to build new pipelines. But even before he took office, U.S. oil production was on track to flatten out and fall by the end of the decade. …”

——
Trump urging his buddies in OPEC to increase drilling to keep gas prices low has other impacts he doesn’t seem to grasp or just doesn’t care about. The weird mirage of American “energy independence” has been that even though we do produce enough oil to be genuinely self-sufficient in some years just based on gross barrels produced and gross barrels consumed, we actually export a significant portion of our product and import other oil that is better suited to our refining capacity. And that exported product is pretty price sensitive … there is a reason the Big Oil boom/bust cycle is counter-cyclical.
“… Oil prices have fallen to $62.49 a barrel, down about 13% since Trump’s early April tariff blitz. That price is roughly equivalent to about $45 in 2015 dollars—below the average price that sent the oil industry into a painful downturn that year.

“On an inflation-adjusted basis, current prices are at amongst the lowest they’ve ever been,” Paul McKinney, CEO of Permian driller Ring Energy, said in an interview. Prices should be around $85 a barrel to encourage companies to drill, he said. ….”
 

This Air-Traffic Controller Just Averted a Midair Collision. Now He’s Speaking Out.​

Jonathan Stewart says controllers didn’t walk off the job after recent FAA equipment outages; ‘I don’t want to be responsible for killing 400 people’​


🎁 —> https://www.wsj.com/business/airlin...c7?st=vqZb6x&reflink=mobilewebshare_permalink

“… Stewart said controllers aren’t to blame for all the recent delays and disruptions in and out of Newark. Controllers hadn’t “walked off the job,” as United Airlines Chief Executive Scott Kirby said in a recent letter to customers.

The comment was “insulting at best and just quite frankly misinformed,” Stewart said. Safety events, he said, might not be stressful initially. “But the thing about PTSD is this: For every time you have an incident—say a close call, a near-midair, God forbid—all of these things are cumulative,” he said.

A United spokesman pointed to Kirby’s more recent statements calling for better equipment and working conditions for air-traffic controllers.

Stewart, who noted he wasn’t speaking on behalf of the FAA, said the controllers who manage Newark airspace are elite but need more resources to effectively do their jobs. …”
 
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“… To claim a spot at the dinner, investors had to purchase at least 4,196 units of the TRUMP coin, worth about $54,000 at the time of writing. To qualify for the reception, the VIPs held around 325,000 TRUMP coins on average, worth roughly $4.2 million.

At the time of writing, 100 of the 220 attendees have done away with practically their entire TRUMP stash, including 17 of the 25 VIPs. One VIP, going by the username Woo, appears to have made a $2.5 million profit on their TRUMP holdings, which they delivered to crypto exchange Binance on Wednesday, presumably with the intention to sell.

… Though the attendees would appear to be eager for an audience with Trump, their trading activities since the competition deadline appear to imply a low conviction in the long-term potential of the president’s coin as an investment asset. Representatives for Trump did not respond immediately to a request for comment.…”
 
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