@denomemei
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Finance and politics.
Joined February 2020
- Tweets12.2K
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Imagine an ally who starts a losing war, blackmails you with energy and demands you send your sons and daughters to fight and die for their war, so you could have energy again.
Trump desperately wants to combine all the wars into one great one.
denome retweeted
An important escalation tonight, initiated by Saudi Arabia and this morning terrorist attacks that occured in Sana'a.
Unfortunately censorship in Saudi Arabia is the heavier in the region, so we won't know how many Patriot/THAAD interceptors were fired tonight.. (a lot)
Two ships in two days.
UKMTO WARNING 139-26
Click here to view the full product.⤵️
ukmto.org/-/media/ukmto/prod…
#MaritimeSecurity #MarSec
denome retweeted
You're not ready for what's coming
nitter.cf/LMEuropeNews/status/21…
denome retweeted
Damage to Saudi Arabia's East-West pipeline is worse than first reported, with three pumping stations hit. Repairs could take 5-6 weeks, threatening a route that had been moving 4-5M bpd around Hormuz. #Oil #SaudiArabia #Hormuz #EnergySecurity
oilprice.com/Energy/Crude-Oi…
The EU is now an ATM where you make one phone call and get instant money for war.
I just had a phone call with President @ZelenskyyUa.
Tomorrow we will disburse €3.3 billion for missile and drones in Ukraine.
Full read-out ↓
link.europa.eu/Qrd6KX
WTI holding it...
Russian Urals oil spikes to $120, once again demonstrating the futility of illusory attempts to undermine the Russian economy.
The world knows that Russia is one of the few remaining reliable partners.
Rate hikes don't fix supply issues.
The Fed is about to repeat its worst mistake from 1973, and Wall Street is cheering it on:
- Brent just broke $100 for the first time since May. Diesel hit a record $6 a gallon. Both because the Iran war shut down the Strait of Hormuz.
- A quarter-point hike doesn't reopen that shipping lane. It doesn't refine a single gallon of fuel. Ending the war does this.
- The only thing it touches is demand, and the only way higher rates bring energy prices down is by beating the economy into submission until people stop spending (in 6 months.)
- In 1973, the Fed tried exactly this. Tightened into an oil shock expecting to look tough on inflation, and got a recession stacked on double-digit inflation instead.
- Nobody in Washington has figured out the difference between a supply problem and a demand problem in 50 years.
Raise rates now and you haven't fixed the oil shock. You've built a second one, and this one's homemade.
denome retweeted
According to an informed federal official, in the coming months the Trump administration plans to send a total of 40,000 Mark 84 and Blu-117 bombs to the government of Israel. Each bomb weighs 2,000 pounds. This appears to be the largest transfer of conventional explosive ordnance from the United States in modern history.
How big is this shipment? It amounts to 40,000 tons of bombs. For perspective, the largest American air raid of World War Two was the Eighth Air Force’s attack on Berlin in March of 1945. Combined, the 2,023 Allied aircraft involved dropped about 3,000 tons of bombs. That’s 7.5 percent of what Trump is sending to Israel. That same month, March of 1945, the US Army Air Forces began the single most destructive bombing raid in human history, Operation Meetinghouse over Tokyo. More than 100,000 Japanese civilians were killed. By the end of that operation, the US had dropped 1,600 tons of bombs. That’s four percent of what Trump is sending to Israel. World War Two ended five months later, when the US dropped an atomic bomb on the city of Hiroshima. The shipment Trump is sending to Israel amounts to more than three times the destructive power of that nuclear explosion. There is no precedent for what the Trump administration is doing.
Nor is there a justification. The government of Israel is not fighting World War Two, or even a war. It is engaged in periodic skirmishes with a guerrilla force in Lebanon, and it is working to exterminate an unarmed civilian population in Gaza. Neither front requires modern 2,000-pound bombs.
An American-made Mark 84 has a destruction radius of half a mile. It releases a thermal wave the temperature of the surface of the sun. Within 100 feet of the explosion, rock melts and human flesh turns to vapor. The bomb collapses apartment buildings and leaves craters thirty-five feet deep. Until the war with Iran, the US military generally avoided using the Mark 84 in urban areas. It kills too many civilians.
For the Netanyahu government, that’s been the upside. In the weeks after October 7, the IDF dropped nearly six hundred 2,000-pound bombs on densely populated areas in Gaza, including on more than 100 officially designated civilian evacuation zones. The slaughter was so grotesque and embarrassing that for a moment the Biden administration paused a shipment of Mark 84s. Those shipments quickly resumed under Trump. Now they’ve accelerated.
It’s hard to overstate the scale of the crime the Israeli government is committing in Gaza. Over the last three years, more than a quarter-million Palestinians have been killed or wounded by Israeli forces there. The majority of them have been noncombatants: women, the elderly and tens of thousands of children. Many thousands more remain missing, presumably entombed under the rubble of 200,000 collapsed buildings. So far the Israelis have destroyed 92 percent of all homes in Gaza, and 34 of the 36 hospitals. By comparison, the 1945 Allied bombings of Dresden, now acknowledged as a war crime, destroyed about half of the city’s inhabited buildings.
By any definition, what the Netanyahu government has done in Gaza is genocide. The 40,000 new bombs the Trump administration is sending will be used to do the same in Lebanon, and likely in other countries in the region. If you wanted to extend the Iran war into the indefinite future, this is exactly what you’d do.
So far none of this has received public scrutiny. At some point, inevitably, it will be described in media accounts as an “arms sale.” It is not an arms sale. It is a gift, funded by American taxpayers through the Foreign Military Financing program, an arrangement designed to disguise welfare as capitalism: Congress appropriates money to the executive branch, which transfers the cash to Israel to “buy” American-made weapons, in this case from General Dynamics. Politicians claim this is a win for America. Most voters have no idea they paid for it. The bill in this case is about $3 billion. Add that to the $352 billion the US Treasury has transferred to Israel since 1951.
How did this happen? The request for 40,000 new high-explosive civilian-killing bombs originated at the US Embassy in Jerusalem, which is run by Christian Zionist Ambassador Mike Huckabee and his aide David Milstein, who is the stepson of Fox News host Mark Levin. From there it moved to the State Department, where Marco Rubio enthusiastically approved it.
At this point, only four more people need to sign off before the bombs ship to Israel: Senators Jim Risch and Jeanne Shaheen, the chairman and ranking member of the Senate Foreign Relations Committee; and Congressmen Brian Mast and Gregory Meeks, the top two members of the equivalent House committee. All four are committed neocons. Collectively they’ve taken millions from the Israel lobby. In 2015, Brian Mast traveled to Israel to volunteer for the Israeli military. In 2023, Mast showed up in the House of Representatives wearing an IDF uniform.
It’s hard to imagine any of them hesitating before sending more free bombs to Israel. Only public outrage can stop this.
Oil trade is going well. ❤️
There are still some levers:
1. Export controls
2. Double down on stupid (escalate)
3. Energy lockdowns
4. Take the choice away from him (GCC countries surrender)
5. Surrender (implement the MOU)
I am expecting all of the above. What about you?
BREAKING: Saudi Arabia has told European customers that some late-September crude oil cargoes will be cancelled after its East-West pipeline was shut following an attack last week, reports Reuters.
🔴 More on Aljazeera.com
denome retweeted
Today is cheaper to put 160 barrels in a 40ft container and ship it to China than to hire a VLCC in a $ per barrel basis.
Another ship hit.
UKMTO WARNING 135-26
Click here to view the full product ⤵️
ukmto.org/-/media/ukmto/prod…
#MaritimeSecurity #MarSec
denome retweeted
Looks like emergency flaring in Yanbu. This is over flaring towers but intensity is 3x to 4x normal.
Why is Oman crude $150 but WTI $100?
@grok give us your best guess.