OPEC Looks Totally Bewildered by the Oil Market

It’s difficult to have any positive feeling towards OPEC member countries.

 

Their “Leaders,” have yet to take in any of the Syrian refugees while they wait for countries in the west to do their jobs.

The standard of living and income of the commoner living in an OPEC nation is woefully low.

Must see to believe. (Source)

 

The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

 

They were to become the Founder Members of the Organization.

These countries were later joined by Qatar (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Gabon (1975), Angola (2007) and Equatorial Guinea (2017).

Ecuador suspended its membership in December 1992 but rejoined OPEC in October 2007. Indonesia suspended its membership in January 2009, reactivated it again in January 2016, but decided to suspend its membership once more at the 171st Meeting of the OPEC Conference on 30 November 2016.

Gabon terminated its membership in January 1995.

However, it rejoined the Organization in July 2016.

This means that, currently, the Organization has a total of 14 Member Countries.

The OPEC Statute distinguishes between the Founder Members and Full Members – those countries whose applications for membership have been accepted by the Conference.

The Statute stipulates that “any country with a substantial net export of crude petroleum, which has fundamentally similar interests to those of Member Countries, may become a Full Member of the Organization, if accepted by a majority of three-fourths of Full Members, including the concurring votes of all Founder Members.”

The Statute further provides for Associate Members which are those countries that do not qualify for full membership but are nevertheless admitted under such special conditions as may be prescribed by the Conference. (Source)

Junme 25, 2016

It may be too soon to write OPEC’s obituary, but the oil producer club appears in urgent need of late-life care. It shows little understanding of where it is, how it got there or where it’s going. While it still manages to collect new members here and there, its core group looks more fragile than at any point in nearly 30 years.

 

Alexander Novak, Russia’s energy minister, left, Khalid Bin Abdulaziz Al-Falih, Saudi Arabia’s energy minister and president of OPEC, and Mohammed Barkindo, secretary general of OPEC, attend a news conference following the 172nd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, May 25, 2017. OPEC extended oil production cuts for nine more months after last year’s landmark agreement failed to eliminate the global oversupply or achieve a sustained price recovery. Photographer: Akos Stiller/Bloomberg

 

The historic output agreements, put together so painstakingly last year, are failing.

Nearly 12 months of shuttle diplomacy culminated in two deals that would see 22 countries cut production by nearly 1.8 million barrels a day.

Implementation has been better than for any previous output cut, with compliance put at 106 percent in May. A resounding success? Hardly.

We’re now in the final month of those deals and oil prices are lower than when they were agreed. Not only have producers sacrificed volume, but they earn less for each barrel they do produce.

See the entire article below.

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DEMOCRATS BEHIND ‘RUSSIAN’ DOSSIER?

This from the NY Times no less. (Source)

 

H/T The National Review. (Source)

I can’t say, the congressional committees investigating this well-worn and tired concept would be wasting their time as I never figured they did anything  while in Washington of substance in the first place.

Perhaps it’s time for Comey and Mueller to turn in their papers.

They have proved themselves to be liars with the best of partisan politicians.

 

 

A secretive Washington firm that commissioned the dubious intelligence dossier on Donald Trump is stonewalling congressional investigators trying to learn more about its connections to the Democratic Party.

The Senate Judiciary Committee earlier this month threatened to subpoena the firm, Fusion GPSafter it refused to answer questions and provide records to the panel identifying who financed the error-ridden dossier, which was circulated during the election and has sparked much of the Russia scandal now engulfing the White House.

 

What is the company hiding?

Fusion GPS describes itself as a “research and strategic intelligence firm” founded by “three former Wall Street Journal investigative reporters.”

But congressional sources say it’s actually an opposition-research group for Democrats, and the founders, who are more political activists than journalists, have a pro-Hillary, anti-Trump agenda.

“These weren’t mercenaries or hired guns,” a congressional source familiar with the dossier probe said.
See the entire article below.

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Why Women Are Oppressed

 

By Jim Campbell

June 25, 2017

 

Nicole Abhor is absolutely beautiful unfortunately some readers, some readers may be put off because her favorite word is fuck.

If the reader falls into that category you might want to pass on two of her videos below.

She has them on virtually every topic on her home page ( here.)

 

 

It happens to be her most frequently used word.

 

 

On no, inexplicably she is against the Second Amendment to her.

 

 

 

Someone needs to explain Heller to her, she’s starting to sound like  Whoppie Goldberg (Great video)

THE  END

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Islamic Extremism in the US: We Look at Key States: No Go Zones

The author of the article below featured today in the Clarion project suggests that murder is not the answer, that we should not violate our principles in order to defeat Islamism. J.A.M.

Whose principles?

Theirs or ours?

What is your plan for defeating Islamism?”
Kill them before they kill us.
It’s really that simple.

 

 

 

 

You won’t believe what’s been going on Read

 

Islamists in MichiganWe take a look at Islamist activities in the Great Lake State. Learn More

Minnesota: Terror Recruiting Capital  Minnesota is home to the largest Somali immigrant population in the U.S. Learn More

Tales of Radical Islam in Virginia

We look at radical Islam in The Old Dominion State Read

 
“Where are the cries of “sexism” and “racism” when these articulate, experienced and knowledgable women (*gasp*… even “women of color”) are disregarded?
Oh right, these women don’t fall in line with the progressive narrative. Neither does reality and truth.”
-C.B.

THE END

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World Taekwondo Federation Had To Change Its Name

This one is definately to be filed under you can’t make this stuff up.

 

What in the world could possibly be wrong with the acronym, W.T.F.?

Perhaps the politically correct Luddites who got their panties in a bunch on this one need to move along and S.T.F.U.

We don’t have that problem with Krav Maga, unless we were to become an association, as in, K.M.A.

Why We Can’t Have Nice Things!

The World Taekwondo Federation announced Friday it was rebranding itself as “World Taekwondo” because it is too pure for this dirty world.

For 44 years the group has been known as WTF, but that has obviously become, well, problematic.

 

World Taekwondo president Choue Chung-won and delegates pose for a photo before the 2017 World Taekwondo championships in South Korea

 

 

“In the digital age, the acronym of our federation has developed negative connotations unrelated to our organization and so it was important that we rebranded to better engage with our fans,” World Taekwondo (formerly WTF) President Choue Chung-won said in a statement.

 
 Unveiling a new “f**k”-free brand and logo, the sporting body said the change “reflects its commitment to evolving and adapting to remain relevant with today’s modern audiences.”

THE END

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She was the funniest and most beautiful woman I had ever met

Actually, I met mine in the 4th grade and was smitten big time.

 

We are still great friends.

 

Here’s her picture, 10th grade,

 

 

Yep, I’ve always been partial to good looking smart girls and of course, they will become great in bed, that what all the time spent in training is all about.

I even give them a certificate of completion at the very end. 

It’s not as tough as military training, that being said, a great deal of the time is spent on the trainee’s back.

Some even stay for advanced training on the bugle.

All come away being able to play a beautiful rendition of TAPS.

Our follow-up records indicate, that women who do well with our training programs become exceptional candidates for high paying jobs in the private sector.

 

THE END

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Number of refugees admitted to U.S. drops by almost half

A simple question for the lovely lady below.

 

How many refugee families have you invited to stay at your home?

None?

Why am I not shocked?

The number of refugees admitted to the United States was cut by nearly half in the first three months of the Trump administration compared with the final three months of the Obama presidency, reflecting the new president’s skepticism toward immigration.

Government statistics released Friday showed that more than 25,000 refugees were permitted to enter and live in the United States at the end of the Obama administration. In the initial months under President Trump, the number fell to 13,000.

How could this be anything other than a great thing as we attempt to bring the cost of social services down for illegal aliens?

Why do I call them illegal?

Because in the days of Obama there were no functioning governments in Syria, Somalia, and Yemen to adequately vett these savages. 

 

Once granted refugee status the individual and his family is entitled to the entire social saftey network set aside for U.S. Citizens. (Source)


(Source for above)

The Los Angeles Times

Tracy Wilkson

June 24, 2017

 (Patrick T. Fallon / For the Los Angeles Times)
(Patrick T. Fallon / For the Los Angeles Times)

 

The statistics were released by the Department of Homeland Security, based on information supplied by the State Department.

Countries of origin were largely unchanged. In both periods, two-thirds of the arrivals came from five countries: the Democratic Republic of the Congo, Syria, Iraq, Somalia and Myanmar.

Refugees from two of those countries — Syria and Somalia — would have been banned under Trump’s executive order against entries from certain Muslim-majority nations, but federal courts have blocked the order. Trump’s original order covered Iraqis as well, but he omitted Iraq from his revised order.

The data suggest that the Obama administration, as it was about to turn over power to Trump, significantly stepped up the number of refugees admitted. Arrivals in its final three months reflected an 86% year-over-year increase compared to the same period the previous year.

In Trump’s first three months, arrivals were 12% lower than for the same period in the previous year.

Trump has sought to limit the number of refugees to 50,000 this year. But adverse rulings in the courts could work against him.

The United States already has one of the lowest quotas of refugee admissions among major receiving countries.

Nations closer to conflict zones such as Syria have taken in millions of refugees.

More people have been displaced from their home nations, because of violence and poverty, than at any time since World War II.

 

THE END

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