Skip to main content

Author: Author1

Oil rises on fears of heightened tensions in Middle East

Written on . Posted in PT Global Economy.

CNBC: Brent crude was up 66 cents, or 1.1%, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020.

  • U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.5%, to $60.33 a barrel.

Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group, raising fears of fresh Middle East tensions.

Hopes for more U.S. stimulus and an easing of coronavirus lockdowns helped support the rally, after prices gained around 5% last week. Read More

(U.S. financial markets are closed on Monday in observance of Presidents Day)

Senate votes to acquit Trump in second impeachment trial

Written on . Posted in PT World Order.

LifeSite News: The United States Senate voted 57 to 43 to convict former President Donald Trump of “inciting” the January 6 riot at the U.S. Capitol, a simple majority but too few to meet the Constitution’s threshold for barring a president from seeking office in the future.

Protesters broke into the U.S. Capitol Building on January 6 after the “March to Save America” rally, where Trump said supporters would march “over to the Capitol building to peacefully and patriotically make your voices heard,” where “we’re going to cheer on our brave senators and congressmen-and-women” who were meeting to formally object to the certification of electoral votes from a handful of states.

The march on the Capitol was a pre-planned part of the rally, and the violence was started by people who either left Trump’s speech early or skipped it entirely, but House Democrats quickly moved to impeach Trump for supposedly “inciting” the violence. Read More

Cuomo Alone: Calls Grow for New York’s Imperious Governor to Get Impeached and Prosecuted

Written on . Posted in PT World Order.

PJ Media: New York Gov. Andrew Cuomo may have an International Emmy to his name. He may have a book deal and he may be the scion of a major political dynasty, and he may have had the adoring press only a major Democrat or movie star can truly take for granted.

He may also be facing impeachment and jail time.

Friday, the head of the state Republican Party called for Gov. Cuomo to be prosecuted for a raft of actual crimes, and to be impeached and removed from office.

The demand comes after a story in the New York Post, showing a recording of a private meeting between Secretary to the Governor Melissa DeRosa and several Democrats in the New York State Legislature. In the recording, DeRosa purportedly told Democratic leaders “we froze” when it came to providing them additional requested nursing home data over concerns brought about by comments from then-President Donald Trump.

Read More

Israeli commander says Hamas has amassed vast arsenal

Written on . Posted in PT Middle East.

ABC News: The Hamas militant group ruling Gaza has replenished its arsenal since a 2014 war with Israel and now has a vast collection of rockets, guided missiles and drones, a senior Israeli military commander said Thursday.

According to Israeli military estimates, Hamas has some 7,000 rockets, as well as 300 anti-tank and 100 anti-aircraft missiles, the commander said.

It also has acquired dozens of unmanned aerial vehicles and has an army of some 30,000 militants, including 400 naval commandos who have received sophisticated training and equipment to carry out seaborne operations, the commander added. He spoke on condition of anonymity under military guidelines.

Image result for islamic jihad

The smaller Islamic Jihad group, which often acts independently of Hamas, boasts a similar arsenal, the commander said. That includes 6,000 rockets, dozens of drones and anti-tank and anti-aircraft missiles, and some 400 naval forces. Read More

WATCH: Team Trump Exposes Democrat ‘Incitement’ in Hard-Hitting Video

Written on . Posted in PT World Order.

PJ Media: On Friday, lawyers for former President Donald Trump presented a few hard-hitting videos contrasting Trump’s calls for peace and law and order with Democrats encouraging harassment and coddling Black Lives Matter and antifa rioters over the last summer.

“To claim that the president in any way wished, desired, or encouraged lawless or violent behavior is a preposterous and monstrous lie,” Michael Van Der Veen, one of Trump’s lawyers, argued.

Trump’s lawyers also played a montage showing Democrats’ rhetoric and the violent riots that destroyed black lives, black livelihoods, and black monuments over the summer.

Team Trump later played a montage of Democrats repeatedly pledging to “fight,” just as Trump told his supporters to “fight like hell” on January 6.

Trump’s lawyers were not arguing that Democrats should be expelled from Congress, but rather that intense partisan language does not necessarily constitute “incitement.”

“For those who would say that those quotes must be understood in their greater context, i.e., that they were clearly meant to be political speech- we say exactly. The truth is that both … Mr. Trump’s speech and these comments are acceptable political free speech; it is the double standard at play here that is entirely unacceptable, and Mr. Trump [asks] that the Senate reject it in no uncertain terms,” Trump’s lawyers argued in their defense brief. Read More

Oil Prices Soar Amid Rumors Of New Commodities Supercycle

Written on . Posted in PT Global Economy.

Oil Price: Just days after one of our favorite macro strategists, Dylan Grice, predicted that the stage is set for “a bull market in oil“, and JPM quant Marko Kolanovic said a new oil and commodity supercycle has begun, oil is starting to get the message, and has jumped more than 2% on Friday…

… rising to the highest intraday level in more than a year as output curbs from top producers whittle down global inventories, while JPM predicts that an epic systematic short squeeze is about to be unleashed next month in oil (we discussed this earlier this week, and will touch on this shortly again).

Oil was set for a second straight weekly gain, as OPEC+ continued to slash output and the group expects a stronger second half of the year, which to Bloomberg indicates “that global inventories will face sharp declines unless the cartel boosts supply.” Indeed, Iraq said OPEC+ is unlikely to change its output policy at a March meeting.

Meanwhile, in the U.S., crude stockpiles are at the lowest in nearly a year. Read More

DC mayor refused Trump’s offers of National Guard aid, former WH Chief of Staff says

Written on . Posted in PT World Order.

LifeSite News: The most serious and specific claim related to the impeachment of former President Donald Trump, that he delayed sending military assistance to Capitol Hill Police overwhelmed by the rioters who stormed Congress on January 6, is simply not true, former White House Chief of Staff Mark Meadows argued Sunday.

Read More

 

What signals is Biden sending about his Middle East policy?

Written on . Posted in PT Middle East.

JPost: “You never get a second chance to make a first impression,” Will Rogers once quipped, a remark as true in diplomatic relations as in personal ones.

Which is why the first weeks and months of a new American administration are so important: they set a tone, they create those first impressions that people take with them, become ingrained and are later difficult – though not impossible – to alter.

Image result for obama snubs netanyahu foot on desk

The first impressions that former president Barack Obama left on Israel were largely negative, traveling during his first 16 weeks in office to Turkey, Saudi Arabia and Egypt, but pointedly bypassing Israel. That itinerary said much about the administration’s break with the previous one, and how Washington under Obama was readjusting its foreign policy.

Image result for trump embraces netanyahu

The first impression Donald Trump left on Israel was positive: Prime Minister Benjamin Netanyahu was the third call he made to a foreign leader after taking office, a signal that the icy relationship that existed between Netanyahu and the Obama administration was a thing of the past. That set a hopeful tone going forward.
Netanyahu, as of Thursday, was still waiting to hear from new US President Joe Biden. Read More

Watch: Governor Ron DeSantis slams Biden proposal to block Americans’ travel

Written on . Posted in PT World Order.

WND: Florida Republican Gov. Ron DeSantis vowed he will “act swiftly” if the Biden administration imposes a travel restriction on his state, which is open for business while maintaining relatively low COVID-19 infection and hospitalization rates.

“The recent report that the Biden administration is considering restricting the travel of Floridians is completely absurd, especially when Biden allows illegal aliens to pour across our southern border,” he said.

“We won’t allow Floridians to be unfairly targeted for political purposes.” Read More