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Oil Rallies As Russia Agrees With OPEC+ Not To Raise Output In February

Written on . Posted in PT Global Economy.

Oil prices rallied on Tuesday morning, following reports that Russia—the OPEC+ producer that was insisting on a 500,000-bpd production increase in February—has agreed that there would not be another rise in the pact’s production next month.

Both benchmarks were up by more than 3 percent as of 10 a.m. ET, with WTI Crude surging above $49.50 a barrel and Brent Crude trading at $52.80 after several reports emerged that Russia had accepted a compromise not to push for another increase next month.

“An informed source just told me that it appears that #Russia has agreed that there won’t be any increase of 500 thousand bpd for the month of February, but, not the cessation of increase for the month of March,” oil journalist Reza Zandi tweeted early on Tuesday, ahead of the second day of the online meeting of the Joint Ministerial Monitoring Committee (JMMC). Read More

Netanyahu, Gantz reach agreement on 10-day full lockdown

Written on . Posted in PT Middle East.

Prime Minister Binyamin Netanyahu and Defense Minister Benny Gantz have agreed to implement a stricter lockdown to last 10 days ahead of the government meeting on tightening restrictions Tuesday afternoon.

The Health Ministry has sought a tighter lockdown after the limited lockdown which was implemented a week and a half ago failed to lower coronavirus morbidity rates.

The new restrictions will include the full closure of the education system and will go into effect starting this Friday. Read More

JPMorgan says bitcoin could rise to $146,000 long-term as it competes with gold

Written on . Posted in PT Global Economy.

  • JPMorgan said bitcoin could rally as high as $146,000 in the long term as it competes with gold as an “alternative” currency.
  • Bitcoin’s volatility would need to drop substantially before it can match gold in terms of market value, the bank’s strategists said in a note Monday.
  • JPMorgan CEO Jamie Dimon once called bitcoin a “fraud” and said he is more interested in blockchain technology than crypto. Read More

Kristi Noem Lists Reasons Georgia Senate Runoffs Will Impact Moms Across America

Written on . Posted in PT World Order.

“Most of the mothers in this country are juggling a lot of different responsibilities,” Noem told Breitbart News when asked to put in context what is at stake for mothers in Georgia and nationally in this race. “They have a lot on their plate. Many of them are working, many of them are taking care of elderly parents, many of them are paying the bills, and many of them are making healthcare decisions—all of those are impacted by who we elect and who we put into the U.S. Senate.

David and Kelly have fought to make sure we keep more money in our pockets. If people vote for Warnock and Ossoff to go to Washington, DC, they will raise taxes. They have endorsed the Green New Deal which means four to five years from now we will have $4 to $5 a gallon gasoline.

That will make budgets even tighter, and people will have less money. Our food will be more expensive in the grocery stores. Healthcare decisions would be made by the government. These are very clear facts that Warnock and Ossoff have embraced and said they will do openly and publicly.

They also have a fundamentally different viewpoint of this country, and Warnock especially has had the opportunity to denounce Marxism and socialism and he did not do that. So, that’s the real life choices that I think women and moms are dealing with here in this election cycle, and they need to recognize not only does it change the direction this country is going but it will change their everyday decisions and what resources they have to take care of their families even six months to a year from now.”

Noem won Moms for America’s Mother of Influence award in December 2020, as Breitbart News reported

Read More

US Treasury to allow US banks to use blockchain settlement

Written on . Posted in PT Global Economy.

The US Office of the Comptroller of the Currency (OCC) is the federal banking regulator and an independent bureau within the United States Department of the Treasury.

Issued an interpretative note on January 4:
  • Federally regulated banks can use stablecoins to conduct payments, other activities
  • could participate in blockchain networks – can participate as nodes on a blockchain and store or validate payments
The note from the OCC is here, link for more detail.,
The US Office of the Comptroller of the Currency (OCC) is the federal banking regulator and an independent bureau within the United States Department of the Treasury.
BTC update, rallying since this news hit a couple of hours ago. Read More

Electric Cars, Unrealistic and Dirty, Have “Fast Charge” More Expensive Than Gas

Written on . Posted in PT Global Economy.

It was seven years ago that former electric-car engineer Ozzie Zehner wrote “Unclean at Any Speed,” warning that, environmentally speaking, plug-in vehicles were more scam than savior. Now a third-generation automobile dealer who has driven electric cars illustrates how they’re also expensive and unrealistic.

That is, “fast charge” electric power is not only up to 62-percent more costly per mile than gasoline, but powering up is not even all that fast: It takes an hour or more.

This can equate to waiting hundreds of hours annually for your vehicle to charge while on the road. Read More

Israelis Protest Against COVID Vaccine, So-Called “Green Passport”

Written on . Posted in PT Middle East.

“Green passport” app provides broad incentives for Israelis to get COVID vaccine

It is somewhat miraculous how Israel was able to procure so many vaccine doses while larger, richer countries are struggling to do the same. There is a feeling that perhaps Pfizer, Moderna and other vaccine manufacturers are using the Jewish state as a kind of testing ground. On the other hand, this is the land of miracles.

Be that as it may, the vast majority of Israelis are clamoring to get jabbed, and there was an air of disappointment over news that the vaccine drive might need to slow down a bit to ensure there are enough second doses for all those who already got their first shot.

What really had Monday’s demonstrators hot and bothered was a Knesset Law Committee meeting taking place at the same time to discuss the “green passport” initiative that will allow inoculated Israelis to return to some semblance of a normal life. Read More

Lockdown Proponent Bill Gates Quietly Funding Plan To Dim The Sun’s Rays

Written on . Posted in PT World Order.

A project conducted by Harvard University scientists and funded largely by Microsoft founder Bill Gates to test sun-dimming technology to cool global warming is quietly moving forward in Sweden.

We know what you’re thinking – this can’t be real… but it is.

We Don't Need... - Zero Hedge - Journal / Blog / Timeline

Reuters reports that the Harvard project “plans to test out a controversial theory that global warming can be stopped by spraying particles into the atmosphere that would reflect the sun’s rays.” Read More

 

Iran seizes South Korean-flagged chemical tanker in Persian Gulf

Written on . Posted in PT Middle East.

Iran’s Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters, Iranian media said on Monday, at a time of tension between Tehran and Seoul over Iranian funds frozen at South Korean banks due to US sanctions.

Several Iranian media outlets, including Iranian state TV, said the Guards navy captured the vessel for polluting the Gulf with chemicals. The semi-official Tasnim news agency published pictures showing what it identified as Guards speed boats escorting the tanker HANKUK CHEMI, which it said was carrying 7,200 tons of ethanol.

It said the vessel’s crew members had been detained and included nationals of South Korea, Indonesia, Vietnam and Myanmar, but did not say how many there were. It said the tanker was being held at Iran’s Bandar Abbas port city.

South Korea’s foreign ministry did not have an immediate comment. Read More

 

British Prime Minister Boris Johnson imposes national lockdown on England to combat new Covid variant

Written on . Posted in PT Global Economy.

  • BoJo launches new national lockdown in England
  • Cuomo expands vaccine rollout
  • Lebanon orders new lockdown
  • UK reports 50K+ cases for 7th day
  • UK scientists “not confident” NHS can handle surge in COVID cases
  • UK to expand ‘Tier 4’ lockdowns nationwide; reports of Tier 5
  • UK starts Astra-Zeneca vaccine rollout
  • US begins 2nd doses
  • US cases top 200K
  • Global cases top 85MM
  • Officials play catch-up with vaccine rollout
  • UK to delay second vaccine doses
  • Japan weighs state of emergency
  • Scotland reimposes lockdown
  • Germany to extend lockdown
  • Fauci says possible vaccines become mandatory
  • Greece announced 1-week lockdown
  • Norway’s PM announces fresh restrictions
  • South Korea widens ban on private gatherings
  • Norway imposes new restrictions
  • Thailand sees 745 new cases Monday

* * *

Update (1500ET): Boris Johnson has just announced a new national lockdown for England that effectively mirrors the lockdown from last spring. In addition to closing schools and non-essential businesses, citizens will be asked to remain at home except when shopping for food, or traveling to/from work (if physical attendance is absolutely essential). Read More