Forwarded from The Cradle
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A nuclear strike wouldn’t save Israel — it could end it, says Victor Gao.
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𝚁𝚎𝚟𝚎𝚕𝚊𝚝𝚒𝚘𝚗𝚜 𝚊𝚗𝚍 𝚁𝚊𝚋𝚋𝚒𝚝 𝙷𝚘𝚕𝚎𝚜
Trump Faith Advisor Paula White's first question asks Netanyahu about the "End of Days" "First of all, that vision of the return of the dispersed people to the Holy Land, the reconstitution of Jewish sovereignty in our ancient land, guided us through centuries…
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WH Spiritual Adviser Paula White: 'Christians Should Donate Their First Tenth Of Gross Income To Israel To Honor God And His Tithe'
Imagine your spiritual adviser telling you to Venmo another country 10% of your paycheck or you're disobeying God
🔗SOURCE ➡️ Ounka
Related: 9/30/25 — President Trump Met With Chabad-Lubavitch Leaders For The "High Holidays,” Joined By Secretary Of Commerce Howard Lutnick, Deputy Chief Of Staff Stephen Miller, Faith Policy Advisor Paula White, And Jared Kushner.
8/12/25 — Trump Faith Advisor Paula White's first question asks Netanyahu about the "End of Days"
4/17/25 — Trump's White House Faith Advisor Paula White Says Christians Should Be Mandated To Visit Israel Before Getting Into Heaven
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Imagine your spiritual adviser telling you to Venmo another country 10% of your paycheck or you're disobeying God
🔗SOURCE ➡️ Ounka
Related: 9/30/25 — President Trump Met With Chabad-Lubavitch Leaders For The "High Holidays,” Joined By Secretary Of Commerce Howard Lutnick, Deputy Chief Of Staff Stephen Miller, Faith Policy Advisor Paula White, And Jared Kushner.
8/12/25 — Trump Faith Advisor Paula White's first question asks Netanyahu about the "End of Days"
4/17/25 — Trump's White House Faith Advisor Paula White Says Christians Should Be Mandated To Visit Israel Before Getting Into Heaven
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Anarchismemes
The best aged quote in american history? Trump in 2011 saying "Our president will start a war with Iran because he has absolutely no ability to negotiate. He's weak and he's ineffective" https://x.com/i/status/2029048327677845801 Follow: @Anarchismems
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Donald Trump Back In 2020: "We’ve Spent 8 Trillion Dollars In The Middle East And We’re Not Fixing Our Roads... It's Crazy."
🔗SOURCE ➡️ HatsOff
Related: 4/2 — The best aged quote in american history?
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🔗SOURCE ➡️ HatsOff
Related: 4/2 — The best aged quote in american history?
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Forwarded from HealthImpactNews
Pam Bondi was just fired by Trump. Here’s how the stock market has fared since her infamous ‘Dow is over 50,000’ comment.
Did Trump fire Pam Bondi because she "jinxed" the Stock Market?
From MarketWatch:
Excerpts:
Seven weeks before President Donald Trump announced her departure from the Justice Department via social-media post, Attorney General Pam Bondi made a remark about the Dow Jones Industrial Average during a contentious hearing before the House Judiciary Committee that elicited laughter from Democrats and, later, a torrent of online comments and then memes.
Amid an exchange with House Democrats including Rep. Jamie Raskin of Maryland about her department’s handling of Jeffrey Epstein files and investigations, Bondi suddenly shifted to a discussion of the performance of the U.S. stock market.
“Because [of] Donald Trump … the Dow, the Dow right now, is over … the Dow is over 50,000. … I don’t know why you’re laughing, you’re a great stock trader as I hear, Raskin, the Dow is over 50,000 right now, the S&P [500] at almost 7,000 and the Nasdaq smashing records. Americans 401(k)s and retirement savings are booming,” Bondi said, adding: “That’s what we should be talking about.”
At the time, many wondered whether Bondi might have inadvertently top-ticked the market. In retrospect, her remark, made on Feb. 11, has marked at least a local top, as Wall Street professionals would call it. Since the closing bell rang that day, the Dow has fallen by 7.5% to 46,370, as of afternoon trading on Thursday, according to Dow Jones Market Data. The blue-chip average registered a closing peak of 50,188.14 on Feb. 10, a day before Bondi’s testimony.
Joseph Saluzzi, co-head of equity trading at Themis Trading, told MarketWatch that the comment immediately got people talking about whether Bondi had “jinxed” the market.
Did Trump fire Pam Bondi because she "jinxed" the Stock Market?
From MarketWatch:
Excerpts:
Seven weeks before President Donald Trump announced her departure from the Justice Department via social-media post, Attorney General Pam Bondi made a remark about the Dow Jones Industrial Average during a contentious hearing before the House Judiciary Committee that elicited laughter from Democrats and, later, a torrent of online comments and then memes.
Amid an exchange with House Democrats including Rep. Jamie Raskin of Maryland about her department’s handling of Jeffrey Epstein files and investigations, Bondi suddenly shifted to a discussion of the performance of the U.S. stock market.
“Because [of] Donald Trump … the Dow, the Dow right now, is over … the Dow is over 50,000. … I don’t know why you’re laughing, you’re a great stock trader as I hear, Raskin, the Dow is over 50,000 right now, the S&P [500] at almost 7,000 and the Nasdaq smashing records. Americans 401(k)s and retirement savings are booming,” Bondi said, adding: “That’s what we should be talking about.”
At the time, many wondered whether Bondi might have inadvertently top-ticked the market. In retrospect, her remark, made on Feb. 11, has marked at least a local top, as Wall Street professionals would call it. Since the closing bell rang that day, the Dow has fallen by 7.5% to 46,370, as of afternoon trading on Thursday, according to Dow Jones Market Data. The blue-chip average registered a closing peak of 50,188.14 on Feb. 10, a day before Bondi’s testimony.
Joseph Saluzzi, co-head of equity trading at Themis Trading, told MarketWatch that the comment immediately got people talking about whether Bondi had “jinxed” the market.
MarketWatch
Pam Bondi fired by Trump: Here’s how the stock market has fared since her infamous ‘Dow is over 50,000’ comment
Spoiler: Not great
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Forwarded from The Cradle
❗️Gulf states move to bypass Strait of Hormuz with new oil routes to Mediterranean
Gulf states are exploring plans to expand oil export routes beyond the Strait of Hormuz as the ongoing US-Israeli war on Iran exposes the risks of relying on the strategic waterway. According to The Financial Times, proposals under discussion include new corridors linking the Arabian Peninsula to the Mediterranean, with the port of Haifa emerging as a key potential outlet. The move reflects growing urgency among regional powers to reduce exposure to a chokepoint increasingly affected by the US-Israeli war on Iran.
Saudi Arabia’s existing East-West pipeline has allowed it to maintain steady exports while bypassing the strait, reinforcing calls for broader infrastructure to replicate this model. Officials and industry figures are now considering an integrated network of pipelines, railways, and roads designed to shift regional trade patterns away from Hormuz. Lebanese and regional contractors have reportedly already received inquiries linked to potential pipeline expansion projects.
At the center of these discussions is the US-backed India-to-Mediterranean corridor, which would connect South Asia to Europe through Gulf and Israeli infrastructure. Israeli officials have promoted westward energy routes as a long-term solution, arguing that reducing reliance on Hormuz would reshape regional power dynamics. While such plans face political and logistical hurdles, they highlight a deepening alignment aimed at weakening Iran’s strategic control over one of the world’s most critical energy arteries.
Gulf states are exploring plans to expand oil export routes beyond the Strait of Hormuz as the ongoing US-Israeli war on Iran exposes the risks of relying on the strategic waterway. According to The Financial Times, proposals under discussion include new corridors linking the Arabian Peninsula to the Mediterranean, with the port of Haifa emerging as a key potential outlet. The move reflects growing urgency among regional powers to reduce exposure to a chokepoint increasingly affected by the US-Israeli war on Iran.
Saudi Arabia’s existing East-West pipeline has allowed it to maintain steady exports while bypassing the strait, reinforcing calls for broader infrastructure to replicate this model. Officials and industry figures are now considering an integrated network of pipelines, railways, and roads designed to shift regional trade patterns away from Hormuz. Lebanese and regional contractors have reportedly already received inquiries linked to potential pipeline expansion projects.
At the center of these discussions is the US-backed India-to-Mediterranean corridor, which would connect South Asia to Europe through Gulf and Israeli infrastructure. Israeli officials have promoted westward energy routes as a long-term solution, arguing that reducing reliance on Hormuz would reshape regional power dynamics. While such plans face political and logistical hurdles, they highlight a deepening alignment aimed at weakening Iran’s strategic control over one of the world’s most critical energy arteries.
Forwarded from Dr.Hashem Al-Shehari
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Trump: I hang out with losers because it makes be feel better. I hate guys that are very, very successful and you have to listen to their success stories. I like people that like to listen to my success.
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Forwarded from Axis of Truth
Trump Faces Attempted Military Coup.
In what is basically an attempted coup, dozens of generals have refused Trump’s orders, and over a dozen have been fired.
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Forwarded from Grandmasters of Geopolitics
🚨🇺🇸 REGIME CHANGE, but at home: the US faces its own playbook
For decades, the United States weaponised the art of regime change abroad — toppling governments, reshaping regions, and engineering outcomes from Iraq to Libya. But in a twist of irony, as the Iran war intensifies, the loudest whispers of “regime change” are no longer about Tehran — they are about Washington itself.
In recent weeks, massive protests under the slogan “No Kings” have taken place across all 50 US states. Between 3,100 and 3,300 protest events have been recorded.
Organisers estimate total turnout at 8 to 9 million people nationwide — one of the largest single-day protest mobilisations in US history.
Pentagon shake-up and division amid war
Defence Secretary Pete Hegseth has removed top military leadership, including Army Chief Gen. Randy George and other senior generals, during an active war — an extraordinary move with no clear explanation.
More than a dozen high-ranking officers have reportedly been pushed out, signalling deep friction within military command. Attorney General Pam Bondi has been dismissed. DHS Secretary Kristi Noem has been removed. FBI Director Kash Patel is reportedly preparing to step down.
Resignations over the Iran war
The fractures extend beyond the Pentagon. National Counterterrorism Center Director Joe Kent has resigned, openly opposing the war and stating that Iran posed no imminent threat to the US.
A government in flux
Reports of further departures, internal leaks, and leadership turnover paint a picture of instability. War pressure, rising casualties, and unclear objectives are straining the administration’s cohesion, as decision-making becomes increasingly contested.
Trump has also begun to step back from campaign promises — including commitments to protect Medicare and support childcare. More may follow.
War abroad, division at home
The Iran conflict — launched with ambitions of decisive outcomes, even regime change — has instead produced uncertainty. Markets have reacted negatively, oil prices have surged, and public scepticism is growing as the war drags on.
Meanwhile, a pardoned Capitol rioter is now leaving the Department of Justice (DOJ).
Trump’s team increasingly resembles the final days of Richard Nixon — marked by weekly resignations and daily chaos.
Chat | GG Movies channel | Boost us!
For decades, the United States weaponised the art of regime change abroad — toppling governments, reshaping regions, and engineering outcomes from Iraq to Libya. But in a twist of irony, as the Iran war intensifies, the loudest whispers of “regime change” are no longer about Tehran — they are about Washington itself.
In recent weeks, massive protests under the slogan “No Kings” have taken place across all 50 US states. Between 3,100 and 3,300 protest events have been recorded.
Organisers estimate total turnout at 8 to 9 million people nationwide — one of the largest single-day protest mobilisations in US history.
Pentagon shake-up and division amid war
Defence Secretary Pete Hegseth has removed top military leadership, including Army Chief Gen. Randy George and other senior generals, during an active war — an extraordinary move with no clear explanation.
More than a dozen high-ranking officers have reportedly been pushed out, signalling deep friction within military command. Attorney General Pam Bondi has been dismissed. DHS Secretary Kristi Noem has been removed. FBI Director Kash Patel is reportedly preparing to step down.
Resignations over the Iran war
The fractures extend beyond the Pentagon. National Counterterrorism Center Director Joe Kent has resigned, openly opposing the war and stating that Iran posed no imminent threat to the US.
A government in flux
Reports of further departures, internal leaks, and leadership turnover paint a picture of instability. War pressure, rising casualties, and unclear objectives are straining the administration’s cohesion, as decision-making becomes increasingly contested.
Trump has also begun to step back from campaign promises — including commitments to protect Medicare and support childcare. More may follow.
War abroad, division at home
The Iran conflict — launched with ambitions of decisive outcomes, even regime change — has instead produced uncertainty. Markets have reacted negatively, oil prices have surged, and public scepticism is growing as the war drags on.
Meanwhile, a pardoned Capitol rioter is now leaving the Department of Justice (DOJ).
Trump’s team increasingly resembles the final days of Richard Nixon — marked by weekly resignations and daily chaos.
Chat | GG Movies channel | Boost us!
Forwarded from Grandmasters of Geopolitics
🚨🇺🇸 WHITE HOUSE SPLIT: Iran war tears Trump’s team apart
Within 33 days of the war with Iran, a declining support graph for Trump’s government, massive protests across the US, and a wave of forced resignations and dismissals at the highest levels of US national security leadership have emerged.
Senior military officials—including Army Chief of Staff Gen. Randy George, Gen. David Hodne, and Maj. Gen. William Green—have reportedly been removed or pressured to step down.
At the same time, National Counterterrorism Center Director Joe Kent resigned in protest over the Iran war, stating he could not support a conflict he believed lacked justification and did not serve US interests.
Israel is in the driver’s seat
Former Director of the Counterterrorism Center, Kent’s resignation letter was unambiguous: "Iran posed no imminent threat to our nation.
It is clear that we started this war due to pressure from Israel and its powerful American lobby."
He warned that President Trump’s hands are tied and that, without reining in Israel, the US cannot declare victory.
Even Tucker Carlson has echoed this, accusing Netanyahu of turning Washington into a tool for Israeli border expansion while Americans die and foot the bill.
▪️A Cabinet crumbling, a Pentagon entangled in a vicious cycle.
▪️No official explanation has been given for the firing of three generals in a single day—on Day 33 of the Iran war.
▪️Leaks from the Pentagon suggest real US casualties may already exceed 750, with attempts to cover up losses.
▪️Following Attorney General Pam Bondi’s exit, FBI Director Kash Patel is reportedly preparing to resign.
▪️Former Governor of Minnesota Jesse Ventura has called this "the most unpopular war in US history".
Similarly, another report claims Trump’s administration removed the Attorney General and the Chief of the Army—suggesting that at least some degree of regime change is occurring as a result of the Iran war.
Chat | GG Movies channel | Boost us!
Within 33 days of the war with Iran, a declining support graph for Trump’s government, massive protests across the US, and a wave of forced resignations and dismissals at the highest levels of US national security leadership have emerged.
Senior military officials—including Army Chief of Staff Gen. Randy George, Gen. David Hodne, and Maj. Gen. William Green—have reportedly been removed or pressured to step down.
At the same time, National Counterterrorism Center Director Joe Kent resigned in protest over the Iran war, stating he could not support a conflict he believed lacked justification and did not serve US interests.
Israel is in the driver’s seat
Former Director of the Counterterrorism Center, Kent’s resignation letter was unambiguous: "Iran posed no imminent threat to our nation.
It is clear that we started this war due to pressure from Israel and its powerful American lobby."
He warned that President Trump’s hands are tied and that, without reining in Israel, the US cannot declare victory.
"The Pentagon is stuck on Israel’s hook: it can neither swallow it nor throw it out."
Even Tucker Carlson has echoed this, accusing Netanyahu of turning Washington into a tool for Israeli border expansion while Americans die and foot the bill.
▪️A Cabinet crumbling, a Pentagon entangled in a vicious cycle.
▪️No official explanation has been given for the firing of three generals in a single day—on Day 33 of the Iran war.
▪️Leaks from the Pentagon suggest real US casualties may already exceed 750, with attempts to cover up losses.
▪️Following Attorney General Pam Bondi’s exit, FBI Director Kash Patel is reportedly preparing to resign.
▪️Former Governor of Minnesota Jesse Ventura has called this "the most unpopular war in US history".
Similarly, another report claims Trump’s administration removed the Attorney General and the Chief of the Army—suggesting that at least some degree of regime change is occurring as a result of the Iran war.
Chat | GG Movies channel | Boost us!
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Forwarded from The Cradle
❗️Hegseth forces out US Army Chief of Staff
US War Secretary Pete Hegseth has ordered Army Chief of Staff Gen. Randy George to step down and retire immediately, according to CBS News, as part of a broader push to install leadership aligned with President Donald Trump’s so-called military "vision."
Vice Chief of Staff Gen. Christopher LaNeve is expected to assume the role in an acting capacity, as Hegseth continues a wider shake-up within the Pentagon that has already seen multiple senior military officials dismissed in recent weeks.
US War Secretary Pete Hegseth has ordered Army Chief of Staff Gen. Randy George to step down and retire immediately, according to CBS News, as part of a broader push to install leadership aligned with President Donald Trump’s so-called military "vision."
Vice Chief of Staff Gen. Christopher LaNeve is expected to assume the role in an acting capacity, as Hegseth continues a wider shake-up within the Pentagon that has already seen multiple senior military officials dismissed in recent weeks.
Forwarded from The Cradle
⭕️ Iran’s Armed Forces said a US F-35 fighter jet was shot down over central Iran using an advanced air defense system, in a statement announced by the Khatam al-Anbiya Central Headquarters.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said a second advanced US F-35 fighter jet was shot down over central Iran by a modern aerospace air defense system, adding that the aircraft belonged to the Lakenheath squadron and was completely destroyed upon impact, with the pilot’s fate unknown due to the extent of the wreckage.
There has been no confirmation or comment from the US side. Earlier, CENTCOM denied that an aircraft had been targeted/downed near Qeshm Island.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said a second advanced US F-35 fighter jet was shot down over central Iran by a modern aerospace air defense system, adding that the aircraft belonged to the Lakenheath squadron and was completely destroyed upon impact, with the pilot’s fate unknown due to the extent of the wreckage.
There has been no confirmation or comment from the US side. Earlier, CENTCOM denied that an aircraft had been targeted/downed near Qeshm Island.
Forwarded from The Cradle
❗️New intel assessment says Iran retains roughly half its launch capability, contradicting earlier US-Israeli claims of near-total destruction
A new US intelligence assessment cited by CNN claims that Iran still retains around half of its missile launcher capacity and thousands of attack drones, despite weeks of relentless US and Israeli strikes.
The findings directly contradict repeated public claims by Israeli and US officials, including President Donald Trump, who asserted that more than 80 percent of Iran’s capabilities had been destroyed and that “very few” systems remained operational.
According to the assessment, many launchers have not been eliminated but instead rendered temporarily inaccessible, often buried underground in extensive tunnel and cave networks that Iran has developed over decades. These hardened and mobile systems have allowed Iran to continue launching attacks while evading detection, undermining assertions that its launch infrastructure had been largely neutralized. Intelligence sources also noted that Iran retains a significant stockpile of missiles and that key capabilities, including coastal defense cruise missiles used to carry out operations in the Strait of Hormuz, remain largely intact.
The report further exposes discrepancies in how damage has been measured, with Israeli estimates counting only fully destroyed launchers, while US intelligence includes those hidden or trapped underground.
At the same time, although Iran’s conventional navy is alleged to have been largely destroyed, as repeated dozens of times by Trump, the report states that the naval arm of the Islamic Revolutionary Guard Corps still retains roughly half of its capabilities, including hundreds or potentially thousands of small vessels and unmanned surface systems.
While US officials continue to claim that Iran’s military capacity has been decisively degraded, the intelligence assessment presents a starkly different picture, suggesting Tehran retains substantial offensive capabilities and the ability to sustain operations, calling into question the accuracy and credibility of statements made over the past month.
A new US intelligence assessment cited by CNN claims that Iran still retains around half of its missile launcher capacity and thousands of attack drones, despite weeks of relentless US and Israeli strikes.
The findings directly contradict repeated public claims by Israeli and US officials, including President Donald Trump, who asserted that more than 80 percent of Iran’s capabilities had been destroyed and that “very few” systems remained operational.
According to the assessment, many launchers have not been eliminated but instead rendered temporarily inaccessible, often buried underground in extensive tunnel and cave networks that Iran has developed over decades. These hardened and mobile systems have allowed Iran to continue launching attacks while evading detection, undermining assertions that its launch infrastructure had been largely neutralized. Intelligence sources also noted that Iran retains a significant stockpile of missiles and that key capabilities, including coastal defense cruise missiles used to carry out operations in the Strait of Hormuz, remain largely intact.
The report further exposes discrepancies in how damage has been measured, with Israeli estimates counting only fully destroyed launchers, while US intelligence includes those hidden or trapped underground.
At the same time, although Iran’s conventional navy is alleged to have been largely destroyed, as repeated dozens of times by Trump, the report states that the naval arm of the Islamic Revolutionary Guard Corps still retains roughly half of its capabilities, including hundreds or potentially thousands of small vessels and unmanned surface systems.
While US officials continue to claim that Iran’s military capacity has been decisively degraded, the intelligence assessment presents a starkly different picture, suggesting Tehran retains substantial offensive capabilities and the ability to sustain operations, calling into question the accuracy and credibility of statements made over the past month.
Iran Sets Up ‘Tollbooth’ System In Strait Of Hormuz
Economists project revenues from the system could exceed $60 billion annually for Tehran
Iran has formally started enforcing a controlled transit system in the Strait of Hormuz, requiring ships to undergo vetting and pay fees for safe passage, according to a report by Bloomberg on 1 April.
The report describes a system managed by Iran’s Islamic Revolutionary Guard Corps (IRGC), where vessels must submit their detailed information, including ownership, cargo, and crew, to an intermediary for review.
Ships are then screened for links to the US, Israel, or other states Tehran considers hostile, with only those cleared permitted to proceed under escort through a coastal corridor dubbed the “Iranian tollbooth.”
Once terms of passage are agreed, ships receive a permit code and designated route, which they must broadcast to Iranian patrol boats upon approach.
Iran’s parliament has already approved a draft law introducing transit fees and restrictions on vessels linked to the US, Israel, and sanctioning states, pending final ratification.
🔗SOURCE ➡️ The Cradle
Related: 4/3 — UAE Pushes Washington To ‘Force Open’ Strait Of Hormuz: Report
4/3 — Persian Gulf States To Build New Pipelines To Bypass Strait Of Hormuz: Report
4/3 — ❗️Gulf states move to bypass Strait of Hormuz with new oil routes to Mediterranean
4/2 — ❗️Malaysia says its ships will not have to pay toll to transit Strait of Hormuz
4/2 — JUST IN: Iran says the Strait of Hormuz will continue to remain closed long-term for the US and Israel.
4/2 — JUST IN: 🇮🇷 IRGC warns any enemy movement in the Strait of Hormuz will face a decisive response from its naval forces.
4/2 — 🚨🇸🇾 While Iran defends the Strait of Hormuz, Al-Qaeda-ruled Syria builds a bypass
Follow us on Minds / X / Substack
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Economists project revenues from the system could exceed $60 billion annually for Tehran
Iran has formally started enforcing a controlled transit system in the Strait of Hormuz, requiring ships to undergo vetting and pay fees for safe passage, according to a report by Bloomberg on 1 April.
The report describes a system managed by Iran’s Islamic Revolutionary Guard Corps (IRGC), where vessels must submit their detailed information, including ownership, cargo, and crew, to an intermediary for review.
Ships are then screened for links to the US, Israel, or other states Tehran considers hostile, with only those cleared permitted to proceed under escort through a coastal corridor dubbed the “Iranian tollbooth.”
Once terms of passage are agreed, ships receive a permit code and designated route, which they must broadcast to Iranian patrol boats upon approach.
Iran’s parliament has already approved a draft law introducing transit fees and restrictions on vessels linked to the US, Israel, and sanctioning states, pending final ratification.
🔗SOURCE ➡️ The Cradle
Related: 4/3 — UAE Pushes Washington To ‘Force Open’ Strait Of Hormuz: Report
4/3 — Persian Gulf States To Build New Pipelines To Bypass Strait Of Hormuz: Report
4/3 — ❗️Gulf states move to bypass Strait of Hormuz with new oil routes to Mediterranean
4/2 — ❗️Malaysia says its ships will not have to pay toll to transit Strait of Hormuz
4/2 — JUST IN: Iran says the Strait of Hormuz will continue to remain closed long-term for the US and Israel.
4/2 — JUST IN: 🇮🇷 IRGC warns any enemy movement in the Strait of Hormuz will face a decisive response from its naval forces.
4/2 — 🚨🇸🇾 While Iran defends the Strait of Hormuz, Al-Qaeda-ruled Syria builds a bypass
Follow us on Minds / X / Substack
Boost This Channel
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The Cradle
Iran sets up ‘tollbooth’ system in Strait of Hormuz
Economists project revenues from the system could exceed $60 billion annually for Tehran
❤2
Forwarded from The Cradle
❗️US oil producers hesitant to boost production
Dallas Federal Reserve President Lorie Logan said on Thursday that US oil producers are unlikely to ramp up production in the near term or protect consumers from rising gasoline prices.
She noted during a conference at her regional Fed bank that the price US producers say is needed to justify increased drilling is just under $70 per barrel, compared with current levels of about $110 per barrel. Logan added that prices would need to remain at or above that breakeven threshold for a sustained period before companies commit to the investments that could eventually ease prices for consumers.
US oil firms "need to have a sense that those higher prices are going to stay around for a while, and so I am not hearing that we're going to see a dramatic increase in production here in the short run," she said.
Dallas Federal Reserve President Lorie Logan said on Thursday that US oil producers are unlikely to ramp up production in the near term or protect consumers from rising gasoline prices.
She noted during a conference at her regional Fed bank that the price US producers say is needed to justify increased drilling is just under $70 per barrel, compared with current levels of about $110 per barrel. Logan added that prices would need to remain at or above that breakeven threshold for a sustained period before companies commit to the investments that could eventually ease prices for consumers.
US oil firms "need to have a sense that those higher prices are going to stay around for a while, and so I am not hearing that we're going to see a dramatic increase in production here in the short run," she said.