Politics And The Markets 12/28/21
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A Venezuelan businessman filed a defamation lawsuit this month against Fox News, its former host Lou Dobbs, and Sidney Powell, alleging they falsely implicated him in an election-rigging scheme and demanding $250 million in damages.The businessman, Majed Khalil, says Dobbs and Powell wrongly wrapped him up in their conspiracy theory that Smartmatic and Dominion Voting Systems — two rival election-technology companies — worked to rig the 2020 presidential election against then-President Donald Trump and in favor of now-President Joe Biden.Dobbs and Powell, in media appearances and social-media posts, both pushed elements of the false theory that alleged Khalil was once the "COO" of an operation to rig votes for the now-dead Venezuelan President Hugo Chavez and that he was involved in a plot to rig the 2020 US presidential election as well.In the lawsuit, Khalil denied he had any affiliation with Smartmatic or Dominion and said he has never been involved in any US elections. The lawsuit also says that neither Powell nor Dobbs reached out to Khalil before making their allegations. www.businessinsider.com/... Powell and Dobbs could be heading for bankruptcy. Looks like they defamed a lot of people and a couple of companies.
If you are long in the Energy Sector, you have to be loving this. Oil prices are like other commodities and are driven by supply and demand. Thanks to the focus on green energy as a policy decision, the price of gas and the price of oil stocks has been nothing short of spectacular.The run up is not over and won't be for a while. Profit. Thrive. Enjoy.
_______________________________________________________________Gas prices will continue to rise next year, potentially reaching a dreaded national average of $4 per gallon before they come back down, industry analysts said Thursday.In a report shared with CNN, a forecast from GasBuddy, an app that tracks gas prices nationally, predicted that the national average price for a gallon of gas will reach $3.41 in 2022, a full 40 cents more expensive than the current national average of $3.02 a gallon.Analysts say prices will reach a peak of at least $3.79 in May before they start to decline, and possibly more."We could see a national average that flirts with, or in a worst-case scenario, potentially exceeds $4 a gallon," Patrick De Haan, the director of petroleum analysis at GasBuddy, told CNN.Economists have attributed inflating gas prices to Americans getting back on the road as coronavirus pandemic restrictions have eased. People are taking their cars to go to work, go out, and visit friends and family, and that means they need gas."Demand has come roaring back," De Haan said, explaining that "supply is still catching up after getting cut greatly in 2020."The expected price increase is disappointing news, considering that gas prices have been slowly decreasing over the past few weeks. According to the American Automobile Association tracker, the national average price gas fell to $3.29 per gallon on Monday, down from $3.42 on Nov. 8.The Biden administration has taken credit for for the relief in gas prices, citing President Joe Biden's decision to release 50 million barrels of oil from the Strategic Petroluem Reserve on Nov. 23But the administration has urged oil produces to do more to increase supply and drive prices down, after initially resisting calls to do so.At a meeting of the National Petroleum Council earlier this month, Energy Secretary Jennifer Granholm called on domestic oil and gas executives to step up, the Washington Examiner reported.“While I understand that you may disagree with some of our policies, it doesn’t mean that the Biden administration is standing in the way of your efforts to help meet current demand,” Granholm said. “Please take advantage of the [federal land drilling] leases that you have. Hire workers, get your rig count up."
_______________________________________________________________Gas prices will continue to rise next year, potentially reaching a dreaded national average of $4 per gallon before they come back down, industry analysts said Thursday.In a report shared with CNN, a forecast from GasBuddy, an app that tracks gas prices nationally, predicted that the national average price for a gallon of gas will reach $3.41 in 2022, a full 40 cents more expensive than the current national average of $3.02 a gallon.Analysts say prices will reach a peak of at least $3.79 in May before they start to decline, and possibly more."We could see a national average that flirts with, or in a worst-case scenario, potentially exceeds $4 a gallon," Patrick De Haan, the director of petroleum analysis at GasBuddy, told CNN.Economists have attributed inflating gas prices to Americans getting back on the road as coronavirus pandemic restrictions have eased. People are taking their cars to go to work, go out, and visit friends and family, and that means they need gas."Demand has come roaring back," De Haan said, explaining that "supply is still catching up after getting cut greatly in 2020."The expected price increase is disappointing news, considering that gas prices have been slowly decreasing over the past few weeks. According to the American Automobile Association tracker, the national average price gas fell to $3.29 per gallon on Monday, down from $3.42 on Nov. 8.The Biden administration has taken credit for for the relief in gas prices, citing President Joe Biden's decision to release 50 million barrels of oil from the Strategic Petroluem Reserve on Nov. 23But the administration has urged oil produces to do more to increase supply and drive prices down, after initially resisting calls to do so.At a meeting of the National Petroleum Council earlier this month, Energy Secretary Jennifer Granholm called on domestic oil and gas executives to step up, the Washington Examiner reported.“While I understand that you may disagree with some of our policies, it doesn’t mean that the Biden administration is standing in the way of your efforts to help meet current demand,” Granholm said. “Please take advantage of the [federal land drilling] leases that you have. Hire workers, get your rig count up."
@David Crosetti I hit it hard beginning in 2018 and went against the grain of all analysts. Long OXY, CVX, XOM, DVN, EPD, EQNR, RDS, and MRO. I expect it do well for a couple of years at least.
Lockdowners need to retire the phrase “kids are resilient.” The crushing wave of children who failed classes, suffered declining mental health, or committed suicide during lockdown didn’t do so because they’re not “resilient” enough.Reflect on the real reason. Destroy teachers’ unions
‘Karen’ who slapped Delta passenger is ex-‘Baywatch’ actress Patricia Cornwall nypost.com/...
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