When You Have "N.A.C.H.O.s" You Will Get "T.A.C.O."
For reference: NACHO = No A Chance Hormuz Opens TACO = Trump Always Chickens Out Maybe time to ask the rank and file for help ?
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UAE Leaves OPEC
Alrighty Then : The United Arab Emirates has announced its decision to quit OPEC and OPEC+ to focus on “national interests”, dealing a heavy blow to the oil-exporting groups at a time when the US-Israel war on Iran has caused a historic energy shock and rattled the global economy. The move, which will take effect on Friday, reflects “the UAE’s long-term strategic and economic vision and evolving energy profile”, a statement carried by state media said on Tuesday. “During our time in the organisation, we made significant contributions and even greater sacrifices for the benefit of all,” it added. “However, the time has come to focus our efforts on what our national interest dictates.” The loss of the UAE, a longstanding OPEC member, could create disarray and weaken the oil cartel, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production quotas. UAE Energy Minister Suhail Mohamed al-Mazrouei said the d...
Meanwhile, China...(Or "The Best Laid Plans of Mice and Men Often Go Awry")
In two separate videos, Danny Haiphong and Carl Zha explain why China's in a better position than most pundits think:
