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I’m going to make Saudi Arabia a world pariah
Candidate Joe Biden
China and Saudi Arabia signed dozens of economic agreements valued at $29 billion, completely behind closed palace doorways.
WSJ Headline Friday
Biden has been incorrect on each main overseas coverage choice in final 4 many years
Former Protection Secretary Bob Gates
So right here we’re. Workforce Biden has pushed a former ally, the Saudis, into the arms of China. That is exactly the incorrect consequence for a Center East nervous about Iran.
As beforehand famous on this area, Workforce Biden now begs the very worst despots like Maduro in Venezuela for oil. He has deserted American vitality independence. He refuses to relent on his American carbon battle. As Rham Emanuel warns Japan to not depend on vitality despots, hey all your mates on the White Home on that observe!
The EU hatched the thought of paying Putin not more than $60 a barrel for his oil. It jogs my memory of Churchill’s handle to Parliament in January 1940 concerning neutrality towards the Nazis.
Each hopes that if he feeds the crocodile sufficient, the crocodile will eat him final.
Certainly Time Journal’s Man of the 12 months, President Zelensky, has warned this can hardly deter our present candidate for Crocodile of This 12 months. German scrambles to finish a 5 12 months mission of an LNG terminal earlier than this winter. It is a results of German considering that they too may make good with Mr. Putin by counting on him to supply close to all their vitality wants.
Markets amaze. The worth of West Texas Intermediate WTIC has fallen to its lowest stage this 12 months, $71.46 on Thursday’s shut. Power shares nevertheless have discovered new luster in Wall Road Portfolios. Power ETF XLE has soared from $50 to $85.11 this 12 months. Large Exxon Mobil from $60 to $105 in that interval. Warren Buffet has taken massive positions in vitality firms. The upshot is that smart traders see the benefit of crude oil reserves within the floor.
And one can see buying and selling gradual on the NYSE tape. With Christmas and New 12 months Day on Sundays we may have again to again 4 day buying and selling weeks. For now the SPX and NASD stay in bear markets. The pace of collapse of FTX ought to give everybody pause.
Vacation advice: The Household Man is an impressive function for Nick Cage. For a Viktor Bout actuality test watch the film he impressed, Lord of Conflict. The prisoner alternate is unquestionably the Christmas Current Vlad needed.
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