Oil Bankruptcies Are Reaching Worrying Levels

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By Robert Rapier Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services and midstream bankruptcies from the beginning of 2015 through 2019. Over the entire five-year period, 208 oil and gas producers have filed for bankruptcy since Haynes and Boone’s Oil Patch Bankruptcy Monitor … Read more

Is Germany Too Dependent On Renewable Energy?

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By Jonathan Tennebaum via Zerohedge Germany now generates over 35 percent of its yearly electricity consumption from wind and solar sources. Over 30 000 wind turbines have been built, with a total installed capacity of nearly 60 GW. Germany now has approximately 1.7 million solar power (photovoltaic) installations, with an installed capacity of 46 GW. This … Read more

DNC doing DNC things

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by AbominableAnon Here is Mike Gravel in a presidential debate on the stage with Hillary Clinton, Barrack Obama, and Joe Biden: Mike Gravel qualified for the Democratic debate with a grassroots surge that gave him 67,000 donors. The DNC shut him out. Mike Bloomberg spent $180 million on a massive ad campaign, donated $250,000 to … Read more

Obamas family travel cost was $114 million. trump’s so far is only $10 million

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Former President Barack Obama’s family travels cost the U.S. a total of $114 million during his presidency, according to documents obtained by Judicial Watch, a conservative legal group. President Donald Trump has, so far, cost taxpayers $10 million. Judicial Watch obtained the expense documents from the U.S. Air Force and the Secret Service through a Freedom of … Read more

Dismissing the Experts

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by John Mauldin Regular readers know I often criticize so-called “experts,” usually economists or central bankers whose flawed decisions are punishing the rest of us. I find their expertise is not nearly as reliable as they seem to think. At the same time, I rely on experts whose judgment I respect. I know they aren’t perfect—usually because … Read more

Chinese Calculus

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Via The Raconteur Report I thought I was clear, but apparently not enough so. “1) All data from China is based on information received from one of the most managed and controlled infolie-formation sources on the planet. The exact number of how many cases of corona virus, when and where they happened, and how many fatalities they have … Read more

CORONAVIRUS: Put your trust in the medics, not the media

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by John Ward  The Western mass media seem determined to scare the wits out of (or distract) their citizenry with headline screamers treating Novel Coronavirus 2019 as an indestructible Horseman of the Apocalypse. The Slog offers some facts as an aid to a good night’s sleep. This was the London Times lead this morning: Nature magazine has called 2019-nCoV … Read more

What if bears were right all along? What if it’s not different this time?

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Authored by Sven Henrich via NorthmanTrader.com, What if bears were right all along? What if it’s not different this time? What if this Fed liquidity inspired rally produced precisely the kind of exuberant final thrust we often see at the end of business cycles? After all, people were really bullish in 2007, people were really bullish in … Read more

January 2020, you won’t be missed!

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January 2020, you won’t be missed! 🦠 Coronavirus🔥 Australian wildfire🚀 Iran belligerence and plane crash🌎 Caribbean earthquakes🌋 Volcano eruptions🌊 Jakarta flood🍑 Pres Trump impeachment trial 🏀 Kobe dies in 🚁 crash🤔What’s in store for the next 11 months 2020? — Gabor Gurbacs (@gaborgurbacs) February 1, 2020