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.

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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.
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Congressional Black Caucus expected to decline Trump meeting

They aren’t declining President Trump’s invitation, they are boycotting it.

 

What a typical classless act by some of the biggest morons in the United States Congress.

H/T to Diogenes for the image at the below, I had no idea she was there when I posed with them for the picture.

The Congressional Black Caucus has decided to turn down a meeting with President Trump due to frustration with the administration’s apparent disinterest (?) in its priorities and an opposition to being a willing photo-op “that the president could use to bolster his standing among African-Americans.”

 

 

The 49-member CBC also reacted poorly to the invitation from the White House, extended by former Apprentice contestant Omarosa Manigault:

“As requested by the president, we would like to schedule a follow-up meeting with the entire membership of the Congressional Black Caucus to discuss issues pertinent to your members,” Manigault wrote in the invitation, obtained by Politico.

But multiple CBC members said they were put off that she signed the invitation as “the Honorable Omarosa Manigault,” saying she hasn’t earned that title nor has she helped raise the profile of CBC issues within the White House as promised. [Politico] 

 

https://whatyouthoughtiwentaway.files.wordpress.com/2017/06/a76f3-cbcmoon.jpg?w=585
The intellectual light weights below are among the most racist and divisive in Congress.Among them, they lower the entire House of Representatives I.Q by 40 points. It goes without saying that for the most part, they are morons. But, they are fun to watch babble.

 

June 22, 2017

The Congressional Black Caucus is expected to reject an invitation to meet with President Donald Trump, according to four sources close to the group.

The Trump administration, sources said, has done nothing to advance the CBC’s priorities since the group’s executive board first met with Trump in March.

And members are worried the request for a caucus-wide meeting would amount to little more than a photo op that the president could use to bolster his standing among African-Americans.

 

“No one wants to be a co-star on the reality show,” said one senior Democratic aide.

Lawmakers in the 49-member group each received an invitation last week from Omarosa Manigault, the-reality-TV-star-turned-White-House-aide who has pitched herself as an unofficial liaison to the CBC.

“As requested by the president, we would like to schedule a follow-up meeting with the entire membership of the Congressional Black Caucus to discuss issues pertinent to your members,” Manigault wrote in the invitation, obtained by POLITICO.

But multiple CBC members said they were put off that she signed the invitation as “the Honorable Omarosa Manigault,” saying she hasn’t earned that title nor has she helped raise the profile of CBC issues within the White House as promised.

 

See the entire article below.

 

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The National Review Blew This One: The Unwritten Law That Helps Bad Cops Go Free

The title of this article is absolute nonsense.

 

This was covered in a segment from FOX news last evening when the guests suggested that it was the NRA’s job to come out and address this issue.

The CCW holder who was shot and killed had to have known that one never pulls a weapon on a police officer.

It’s pure common sense.

 

Philando Castile

 

CCW holders are taught to tell the police if pulled over that they have a CCW and show it with the license and registration.

That’s all, it’s that simple.

Pull a gun on a cop and it’s time to float up to the pearly gates or the fires of hell.

Please pay attention to the verbal portion of the video below, the cop told the driver not to pull out his gun, he did, now he’s dead, it’s really that simple.

The author of this article clearly had his own political agenda in this publication, he is little more than a fake journalist.

 

 

Also, pay attention to his so-called girlfriend as she is talking calmly in the background.

The video also shows with a voice that the police involved was clearly more distraught, Castilo was given CPR on the scene.

Now she has her own YouTube going viral on the net showing her crying and carrying on.

Hey, a ho has to make her money.

 

David French

Juries must understand that not all fear is reasonable, and some officers wrongly panic, said the attorney who knew nothing about gun law.

 

Reprinted from National Review

Yesterday afternoon, Minnesota officials finally released the full video of the traffic stop that cost Philando Castile his life. It’s a tough video to watch. I’m embedding it below, but beware, it is very raw:

It’s a tough video to watch. I’m embedding it below, but beware, it is very raw:

If you watch carefully, two salient facts should emerge. First, Philando Castile was quite literally following the police officer’s instructions when he was shot. The officer asked for his license and told him not to reach for his gun.

Castile reached for his license while verbally assuring the officer that he was not reaching for his gun. The officer shot him anyway.

The officer asked for his license and told him not to reach for his gun.

Castile reached for his license while verbally assuring the officer that he was not reaching for his gun. The officer shot him anyway.

Castile reached for his license while verbally assuring the officer that he was not reaching for his gun. The officer shot him anyway.

The officer shot him anyway.

The second fact overwhelmed the first.

The officer panicked. His terror is palpable.

The man went from conducting a relatively routine traffic stop to shrieking and firing in a matter of seconds. Part of this is understandable. Life can change in a flash, and when we’re in a state of ultimate distress, few of us can be as composed as SEAL Team Six.

 

See the entire article below.

 

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Some Democrats are starting to turn their ire toward Nancy Pelosi

The only question I have about the title of this article is why it doesn’t read, “Virtually All.” Democrats turn their ire toward Pelosi.

 

 

Of course there will be the usual hard-line progressive Klingon’s who will never abandon her.

 

The poster girl for too much Botox reaching her brain, she’s an insult to women and absolute proof that the sure way to win a seat in congress as a progressive fool is to run in San Francisco.

Using the recent loss of upstart Democrat, Jon Ossoff’s loss in his run in Georgia is a false flag.

 

The Democrats who were once again overly zealous in their belief that his election would be harbinger of  future to the Trump Administration.

His election, win or lose was nothing more a read on how the voters in a very small part of Georgia felt about the “Carpet Bagger.”

Perhaps it’s because they only read fake news, talk to themselves in a smoke-filled house of mirrors that they didn’t see Donald Trump kicking Hillary’s ass last November.

Rejoice:

 

We need more people like Pelosi and her ilk to ensure the eventual destruction of the progressive Democrat party.

From the rubble a new Democrat Party will emerge.

Until then, they represent nothing more than the voice of opposition with no ideas or pending legislation to help turn our country around.

 

The Business Insider

June 22, 2017

House Minority Leader Nancy Pelosi may have never set foot in Georgia’s 6th Congressional District during the special election, but some Democrats wonder whether her reputation there cost them a winnable race.

 

Following Jon Ossoff’s loss on Tuesday in the race to fill the seat vacated by Tom Price, the secretary of health and human services, many Democrats have worried that their opportunity to ride President Donald Trump’s historic unpopularity to a wave election cycle in 2018 could be squandered by Republicans’ ability to link any Democratic candidate with the unpopular Pelosi.

Rep. Tim Ryan, who unsuccessfully challenged Pelosi for minority leader, said he did not know how Democrats could win in 2018 if Republicans were able to convince independents and Republicans that a vote for a Democrat is a vote for Pelosi’s agenda.

“I don’t know if there is a solution in the short-term,” Ryan said.

 

 

 

“It’s clear that tactic still works, still packs a punch, and it’s part of a broader toxicity of being part of the Democratic brand regardless of where you are.”

Other Democrats were even blunter.

 

 

“I think you’d have to be an idiot to think we could win the House with Pelosi at the top,” Rep. Filemon Vela told Politico.

“Nancy Pelosi is not the only reason that Ossoff lost.

But she certainly is one of the reasons.”

While demonization of Pelosi has for years been a staple of congressional races,  in 2010, Republicans drove a bus around the country for a “Fire Pelosi 2010” tour — Democrats were particularly concerned by Republicans blunting Ossoff’s favorability by invoking Pelosi at every possible turn.

In a relentless war on the airwaves that helped make this the most expensive House election in history, Republican Karen Handel and Republican groups tied Ossoff to Pelosi at every opportunity.

The Congressional Leadership Fund super PAC paid for a car to drive around in the district with Ossoff’s and Pelosi’s faces and a sign that said “San Francisco ❤ Jon Ossoff,” while Pelosi was a feature on campaign fliers and mailers sent to voters in the district.

See the entire article below.

 

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Study Finds: Psychopaths drink their coffee black

A study, published in the journal Appetite , found a correlation between the love of bitter flavors – like black coffee – and some less than desirable personality traits.

 

 

Well, it’s nice to find out that I’m nearly normal.

Perhaps a far larger percentage of people have a number of theses traits, but remember two things.

Many of the traits are beneficial when using them doesn’t harm others and Hillary Clinton is a psychopathic liar. (Classic-Source)

 

The Toronto Sun

Staff

June 22, 2017

 

 

If you like your coffee black, you may be someone who prefers strong flavors, takes good care of their health, or just wants to drink their coffee the way it’s supposed to be drunk. 

Or, you may be a psychopath. 

At least, that’s according to a new study published in the journal Appetite, which found a correlation between a love of black coffee and sadist or psychopathic tendencies.

The research surveyed more than 1,000 adults, asking them to give their food and flavour preferences. The participants then took a series of personality tests assessing antisocial personality traits, such as sadism, narcissism and psychopathy. 

The study, carried out by researchers at the University of Innsbruck, found that a preference for bitter flavors was linked to psychopathic behaviour. 

The closest association was between bitter foods and “everyday sadism” – that is to say, enjoyment of inflicting moderate levels of pain on others. 

 

And it isn’t just black coffee that should ring alarm bells – the study also found participants who reported a fondness for radishes, celery and tonic water were also more likely to exhibit antisocial traits. 

This is not the first time research has found a link between taste and personality.

Previous studies have shown sweet taste experiences increase “agreeableness” and eagerness to help, while bitter taste experiences increase hostility and elicit harsher moral judgments.  

 

 

The researchers Christina Sagioglou and Tobias Greitemeyer believe this association may “become chronic” in people who have a strong liking for bitter flavours, and lead them to have more hostile personalities. 

So if your next Tinder date orders strong black coffee at the end of a meal, or reaches over for a stick of celery, you have been warned.

 

THE END

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Do we need a functioning government when Slime tells us they are going to be our overlords?

There is a singular reason to waste your money at Amazon, arguably making Jeff Bezos a richer man.

 

It’s their return policy.

Buy it, if you don’t like it send it back and don’t forget to ask for the free shipping label.

Don’t forget to test your brain chip regularly and keep your Amazon Prime Tattooed Member Number on your hand clean and visible preferably on your forehead.

 

A financial wizard he is, but in purchasing the Washington Post, he took a perfectly good news source a pulled it down to the N.Y. Times.

As for Elon Musk and his other billionaire inventors, who can we seriously think ill of them when their projects will advance areas in the private sector, cutting out the federal government from what they believe to be their own fair share.

Some people ask why?

Elon Musk and his inventor friends as “Why Not?”

 

As for Elon Musk and his other billionaire inventors, who can we seriously think ill of them when their projects will advance areas in the private sector, cutting out the federal government from what they believe to be their own fair share.

In fact, the Beatles wrote about this coming eventuality in their song “Yesterday.”

 

 

Retail Artificial Intelligence and Your Future Robot Overlords

Before Uber Billionaires like Jeff Bezos, Elon Musk and the Google Dudes board SpaceX and fly away to the safety of their futuristic mansions on Mars and leave us in the charge of our Artificial Intelligence Robot Overlords, some work here is still to be done.
Musk is left to convince us life will be wonderful without fossil fuels as we drive our electric cars to the solar energy powered fully automated veterinarian office to have Fluffy nurtured and obedience brain chip installed.
And Bezos and his journalist playtoys are not through convincing us Donald Trump is the devil, and Jeffrey hasn’t yet cornered the market on retail sales and just about everything you will need to survive in the future.
The poor young woman in the video below has had her brain stripped and has already become an Android, her parents will miss her.

Amazon didn’t acquire the iconic grocery retail brand Whole Foods just for the quinoa: Whole Foods operates hundreds of retail data mines, and Amazon just married a world-class artificial intelligence team with one of the best sources of consumer shopping data in the U.S.

There are lots of reasons why Amazon would want to spend $13.7 billion on Whole Foods, and with one big check, it will now control more than 400 sources of prime data on consumer behavior.
Artificial Intelligence models will dictate how and where products are sold in the next decade, and there are only a few companies with the expertise and data sets necessary to build those models at scale.
See the entire article below.

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