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Russia answers talk of peace with missiles on sleeping cities. Tonight: Kyiv, Dnipro, Kryvyi Rih, Lviv. Moldova stands firmly with Ukraine.

Stronger air defence for Ukraine is how Europe stays safe and peace becomes possible.
https://x.com/sandumaiamd/status/2082774811864891739?s=20
The oil market is the most rigged market in the world right now.

Look at the refining spreads.

With cracks where they are, crude should be trading up to $40 higher than it is. That gap has NOTHING to do with supply and demand.

So what's actually going on:

The SPR is down to 311 million barrels, the lowest level since the reserve was still being filled for the first time in 1983. The government declared the war over on June 14th, then kept draining the reserve faster than it did during the war, selling barrels at prices where it once said it would be a buyer.

Total inventories haven't been this low since 1984. Cushing is at tank bottoms.

And the professionals have walked away.

With backwardation this steep, managed money has historically been net long 270,000 contracts. Today it's 87,000, the 15th percentile of the last 20 years.

Those funds didn't forget how to read a forward curve... They figured out the price isn't being set by fundamentals.

This is just like when the Treasury capped silver until the stockpile ran dry in 1961. 8 central banks pinned gold at $35 and the market broke within days in 1968. Every one of those defenses bought time and nothing more.

The stockpile empties, the price snaps to where it always belonged, and whoever called the break gets paid.

Sam Kovacs just published the full anatomy of how this is being done and how it ends. Best work I have read on oil this year.

Figures don't lie, but liars figure.
Citat
Sam Kovacs
@SamKovX
·
2 h
HERE'S HOW YOU MANIPULATE OIL PRICES.

All successful price manipulation campaigns use a combination of: https://x.com/gnoble79/status/2082855976877617580?s=20
Russia failed to restore 18 of 26 oil refineries after Ukrainian drone strikes

This is reported by the Financial Times, citing satellite data and analysis by S&P Global.

Only 8 refineries have been fully restored. Another 11 are operating partially, while 7 remain shut down.

Major Rosneft facilities and other oil refineries in the Leningrad, Nizhny Novgorod, Ryazan, Volgograd, and Moscow regions were affected.

According to FT, the strikes disabled part of Russia’s oil refining capacity — an industry that accounts for about 12% of Russia’s industrial production.

Special needs retarded op going greatTM

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Monday Night At The Movies: "Advise & Consent" (1962)

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02:09:24
TG 2156: Scott Ritter: Zelensky's Epic Fail With Trump

George Szamuely and Peter Lavelle sat down for a conversation with Scott Ritter. Among the topics covered was President Zelensky's attempt to join in the war on Iran and Trump's blunt rejection of the idea, as well as Gilbert Doctorow's recent claims that Russia is losing the war in Ukraine.

00:49:20
TG 2155: Ukraine Escalates, Attacks Iran

George Szamuely and Peter Lavelle discuss Ukraine's escalation and entry into the war against Iran.

00:34:30
July 29, 2026

Finland to cut off part of Russia's foreign internet traffic

Finland will stop maintaining power line poles used by telecom operators starting in 2027, Kommersant reports. After electricity exports from Russia ended in 2022, maintaining the infrastructure solely for telecom companies became economically unviable.

Up to 30% of Russia's communication links with Finland run along these power lines, while Finland currently carries an estimated 60–70% of Russia's international internet traffic.
https://x.com/nexta_tv/status/2082430242711322669?s=20

Under
The
Bus

Ursula von der Leyen
@vonderleyen
With this disbursement, we are helping Ukraine protect its skies and defend its people.

At the same time, we are combining Europe's industrial scale with Ukraine's unmatched innovation.

Our drone deal is taking shape.

http://link.europa.eu/XjWjvH

Another unacceptable violation of our EU airspace caused by Russia’s latest strikes on Ukraine, this time over Poland.

The Polish people are famously unafraid dear
@donaldtusk
, and our thoughts are with them.

To put an end to this, we are helping Ukraine win this war in every way we can.

And we are building a robust European security architecture on land, at sea and in the air. https://x.com/vonderleyen/status/2082786944661029132?s=20

January 21, 2023
More Leftie Than Thou
"Jacobin" Magazine Celebrates A Strike Against Ol' Blue Eyes

Here at "The Gaggle" we have very little time for the "more Leftie than thou" school of thought--that's the approach to life according to which the only thing that matters is whether you take the right position on every issue under the sun from Abortion to Zelensky. No one in the world meets the exacting standards of this school of thought; any Leftie leader anywhere is always selling out to the bankers and the capitalists. The perfect exemplar of this is the unreadable Jacobin magazine. 

The other day I came across this article from 2021. It's a celebration of trade union power. And not simply trade union power, but the use of trade union power to secure political goals. Of course (and this is always the case with the "more Leftie than thou" crowd), this glorious, never-to-be-forgotten moment on the history of organized labor took place many years ago--in the summer of 1974 to be exact. Yes, almost half a century has gone by since that thrilling moment when the working-class movement of Australia mobilized and prepared to seize the means of production, distribution and exchange. 

Well, not quite. Organized labor went into action against...Ol' Blue Eyes, the Chairman of the Board, the Voice; yes, Frank Sinatra. Why? What had Sinatra done? Sinatra was certainly very rich, and he owned a variety of properties and businesses. But if the Australian trade union movement were, understandably, searching for the bright, incandescent spark that would finally awaken the working class from its slumber there were surely richer, greedier, more dishonest, more decadent, above all more Australian individuals it could have discovered. Australia was never short of them. Rupert Murdoch immediately springs to mind. Why Sinatra?

 

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