• Swordsmyth's Avatar
    Today, 10:05 PM
    The Fed causes the overheating in the first place. Booms and Busts should be left to market forces and then they wouldn't be so severe or last as long.
    32 replies | 321 view(s)
  • Swordsmyth's Avatar
    Today, 09:59 PM
    The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. The backlog of DUCs has continued to swell, essentially uninterrupted, for more than two years. The total number of DUCs hit 8,723 in November 2018, up 287 from a month earlier. That figure is also up sharply from the 5,271 from the same month in 2016, a 60 percent increase. The EIA will release new monthly DUC data on January 22, which will detail figures for December. Some level of DUCs is normal, but the ballooning number of uncompleted wells has repeatedly fueled speculation that a sudden rush of new supply might come if companies shift those wells into production. The latest crash in oil prices once again raises this prospect. The calculus on completing wells can cut two ways. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. That may lead them to decide to complete wells they already drilled as a way of keeping production aloft while husbanding scarce resources. Companies that are posting losses may be desperate for revenues, so they may accelerate the rate of completions from their DUC backlog. On the flip side, producers don’t exactly want to bring production online in a market that is subdued. “The lower oil price raises some questions about whether you go ahead with completing these wells,” Tom Petrie, head of oil and gas investment bank Petrie Partners, told S&P Global Platts. “Some companies want to get them in a producing mode; others say they won't get an adequate return right now, so they'll wait.” More at: https://oilprice.com/Energy/Crude-Oil/Huge-Backlog-Could-Trigger-New-Wave-Of-Shale-Oil.html
    685 replies | 23227 view(s)
  • Swordsmyth's Avatar
    Today, 09:40 PM
    You must spread some reputation around.................
    13 replies | 300 view(s)
  • Swordsmyth's Avatar
    Today, 09:21 PM
    Or when taxes go up or when new laws and regulations put people out of work. :check:
    11 replies | 135 view(s)
  • Swordsmyth's Avatar
    Today, 09:19 PM
    And CNN's Jake Tapper admitted the media's error... .@reason: “Video footage strongly contradicts Native American veteran Nathan Phillips' claim that Covington Catholic High School boys harassed him. The media got this one completely wrong,” writes @robbysoave https://t.co/9Ki4iiTkQ9 — Jake Tapper (@jaketapper) January 20, 2019 And even David Brooks flipped... Yesterday I had one impression of the maga kids from Kentucky. Now after seeing more videos I have a different more complicated impression. Makes all the hot takes seem silly. — David Brooks (@nytdavidbrooks) January 20, 2019 Finally, Rod Dreher wrote in The American Conservative: It is possible that the Catholic boys were complete asses. My initial judgment was that they certainly were that. You don’t treat a peaceful elderly person like this. Even if they thought he was wrong, those boys owed him respect. Yes, the old man approached them, but they could and should have handled him with respect. They come off as bullies. But then I watched more clips, showing the greater context of the incident. It is not as simple as it has been portrayed. Below is a more complete video account of what happened. In it, one of the Catholic boys is overheard asking, “Does anybody know what he’s doing? Does anybody know what’s going on here.” And, in it, one of the Indians with Phillips shouts: “White people, go back to Europe. This is not your land.” He curses the students with f-bombs (video is NSFW). He goes on: “You’re being a white man about it. That’s all you know how to do.” You didn’t see that in the news reporting, did you? Nope.
    136 replies | 1292 view(s)
  • Swordsmyth's Avatar
    Today, 09:14 PM
    800,000 government workers and an unknown (to me) number of government contractors aren't being paid, if it continues long enough many of them will quit and other departments will be affected. It may not be perfect but what isn't good about that?
    138 replies | 1575 view(s)
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    11 replies | 135 view(s)
  • Swordsmyth's Avatar
    Today, 09:00 PM
    China's annual GDP growth in 2018 was +6.6% - that is the weakest annual GDP growth since 1990... More at: https://www.zerohedge.com/news/2019-01-20/china
    84 replies | 2282 view(s)
  • Swordsmyth's Avatar
    Today, 08:49 PM
    Popular crowdfunding website GoFundMe on Saturday launched its own campaign to raise money for the hundreds of thousands of federal workers harmed by the ongoing partial government shutdown. The fund will distribute donations to several nonprofit organizations across the country that are providing assistance to government employees who have been furloughed or, if deemed essential, continue to work without pay during the shutdown, according to a GoFundMe press release. “Government workers, through no fault of their own, can’t afford to put diapers on their newborns,” GoFundMe CEO Rob Solomon said in a statement Saturday. “Employees of the most powerful nation in the world are being forced to work without pay and line up at diaper or food banks. It makes no sense.” As of Sunday morning, the fund had raised over $35,000 of its $50,000 goal. GoFundMe matched a $10,000 donation from author and speaker Deepak Chopra, according to the group’s press release. National Diaper Bank Network and celebrity chef José Andrés’ initiative to feed hungry federal workers will reportedly receive support from the fund. “I wish we did not have to start a GoFundMe to help federal workers,” Solomon said. “Unfortunately we do. And because we live in an imperfect world, we have a simple choice: We can feel helpless while tragedy unfolds, or we can take action.” He continued, “To all of the government workers out there furloughed or working without pay: We are with you. We hope this ends soon and your lives return to normal.” Over 1,500 GoFundMe campaigns have been launched by federal workers seeking money for food, rent and medical bills since the shutdown started.
    11 replies | 135 view(s)
  • Swordsmyth's Avatar
    Today, 08:46 PM
    A drug company on Friday announced the recall of eight more lots of irbesartan blood pressure medication after testing revealed the drugs contained trace amounts of a carcinogen. Prinston Pharmaceuticals recalled one lot of irbesartan tablets and seven lots of irbesartan HCTZ tablets. The medication contained unacceptable levels of the probable carcinogen nitrosodiethylamine, or NDEA, the company said. The drugs ingredients were made by Zhejiang Huahai Pharmaceuticals, a factory in China that has been linked to several recalls of commonly prescribed blood pressure drugs since July. The Food and Drug Administration has issued a warning letter and halted all new drug shipments from Zhejiang Huahai since uncovering a series of problems at the factory. Another factory in India, Hetero Labs Limited, also has been tied to multiple recalls. The irbesartan recall is the latest involving a large class of blood pressure drugs called angiotensin II receptor blockers, which work by blocking the effects of a hormone that narrows blood vessels. Several versions of valsartan and losartan also have been recalled since July. Many of these commonly prescribed drugs are not part of the recall. Consumers can check the FDA's website for a full list of recalled drugs or ask their pharmacist. Prinston advised patients to check with their doctor or pharmacist before they stop taking their medications. Discontinuing a recalled drug could cause more immediate harm than staying on the medication. Prinston said the following irbesartan and irbesartan hydrochlorothiazide tablets have been recalled:
    0 replies | 14 view(s)
  • Swordsmyth's Avatar
    Today, 08:43 PM
    Damage has been reported after a strong magnitude 6.7 earthquake struck near Coquimbo in central Chile, prompting a tsunami warning that was canceled a short time later, officials say. Damage has been reported at a number of locations. Two people reportedly died after suffering heart attacks, according to Reuters. More at: https://news.yahoo.com/breaking-6-7-magnitude-earthquake-023630089.html
    0 replies | 11 view(s)
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    7 replies | 57 view(s)
  • Swordsmyth's Avatar
    Today, 08:24 PM
    I just realized that the temporary DACA deal was a trap Trump set, if Congress passes a 3 year extension then by law it will end in 3 years and the courts can't try to keep it frozen in limbo forever.
    138 replies | 1575 view(s)
  • Swordsmyth's Avatar
    Today, 08:15 PM
    A federal judge found four humanitarian aid volunteers guilty on some of the charges against them for dropping off water and food for migrants at a protected wilderness area along the Arizona-Mexico border, notorious for the number of human remains recovered each year.U.S. Magistrate Judge Bernardo Velasco found Natalie Hoffman, a volunteer with humanitarian aid group No More Deaths, guilty on all three charges against her. He also found three other volunteers — Oona Holcomb, Madeline Huse and Zaachila Orozco-McCormick — guilty of the two charges they each faced. Hoffman had been charged with operating a vehicle inside the Cabeza Prieta National Wildlife Refuge in southwestern Arizona, entering without a permit, and leaving behind 1-gallon water jugs and cans of beans. The charges stemmed from an encounter with a U.S. Fish and Wildlife officer at Cabeza Prieta on Aug. 13, 2017. The court found her three co-defendants, all passengers in the truck Hoffman was driving inside the refuge, guilty of entering the area without a permit and abandoning personal property. "The Defendants did not get an access permit, they did not remain on the designated roads, and they left water, food, and crates in the Refuge. All of this, in addition to violating the law, erodes the national decision to maintain the Refuge in its pristine nature," Velasco wrote in his three-page order posted online Friday afternoon. More at: https://news.yahoo.com/four-aid-volunteers-found-guilty-205240702.html
    0 replies | 26 view(s)
  • Swordsmyth's Avatar
    Today, 08:12 PM
    I don't report things like this unless the OP agrees with my suggestion but it looks like the mods agree with me since they moved it.
    7 replies | 44 view(s)
  • Swordsmyth's Avatar
    Today, 08:10 PM
    Turkey is ready to take over security in Syria's Manbij, President Tayyip Erdogan told U.S. President Donald Trump in a telephone call on Sunday, the Turkish presidency said in a statement.Erdogan said an attack that left four Americans dead last week in Manbij was an act of provocation aimed at affecting Trump's decision last month to withdraw U.S. troops from Syria. Erdogan and Trump agreed to accelerate and continue discussions between their chiefs of staff regarding a safe zone in the area, the statement said. Last week, Trump suggested in a tweet creating a safe zone, without elaborating. The SDF said on Wednesday it was ready to help create the safe zone, as fears grow that the U.S. withdrawal will give Turkey the opportunity to mount a new assault. Turkey wants the safe zone to be cleared of the Kurdish group. "We said we won't let you be here," Prime Minister Fuat Oktay told broadcaster CNN Turk earlier on Sunday, addressing the PKK. "When we are talking about a safe zone, we talk about one in Turkey's control." More at: https://news.yahoo.com/erdogan-turkey-ready-over-syrias-manbij-210046245.html
    138 replies | 4824 view(s)
  • Swordsmyth's Avatar
    Today, 08:07 PM
    If they turned out anything like you then the world should be very grateful.
    8 replies | 93 view(s)
  • Swordsmyth's Avatar
    Today, 08:04 PM
    It still belongs in World News until there is some actual US involvement.
    7 replies | 44 view(s)
  • Swordsmyth's Avatar
    Today, 07:54 PM
    This should be in World News
    7 replies | 44 view(s)
  • Swordsmyth's Avatar
    Today, 07:40 PM
    2500 stores across the country are no longer able to take EBT payments because their licenses lapsed during the shutdown and cannot be renewed until the government resumes. A number of states are issuing food stamp benefits early due to the government shutdown. They’re doing this over concern that if the shutdown continues, they won’t be able to issue the payments in February. But the early payment comes with a sobering warning. A press relief from the state of Michigan said: For food assistance clients, Michigan will begin issuing February benefits on Saturday, Jan. 19. Clients who don’t receive their benefits on that date should receive the funds the following week. That means the 1.2 million Michigan residents who receive food assistance will have benefits to feed their families in February even if the partial federal government shutdown continues. The early food assistance benefits are not additional benefits and there will be no food assistance payments in February. MDHHS strongly encourages families to budget the funds they receive in January so they can meet their food needs through the entire month of February. (source) Another warning, more bluntly worded, came from an official in Pennsylvania. Carmen Rodriguez, a Camden County Freeholder and Liaison to the Department of Health and Human Services, has a warning for anyone who uses the government’s Supplemental Nutrition Assistance Program, or SNAP. She says don’t blow through the money.
    23 replies | 382 view(s)
  • Swordsmyth's Avatar
    Today, 07:34 PM
    The Yellow Vest Movement Has Gone Global
    158 replies | 3804 view(s)
  • Swordsmyth's Avatar
    Today, 07:24 PM
    The leftist has much bigger credibility problems.
    136 replies | 1292 view(s)
  • Swordsmyth's Avatar
    Today, 07:21 PM
    Swordsmyth replied to a thread Mexico. in World News & Affairs
    Source: World Socialist Web Site So keep plenty of salt grains handy Over 70,000 “maquiladora” workers from 45 factories in the US-Mexico border town of Matamoros, Mexico have entered the sixth day of their courageous struggle as more and more plants are paralyzed throughout the city. Last night, thousands of workers marched through the city from factory to factory chanting “unity, unity,” “walk out! walk out!,” “the workers united will never be defeated” and “strike!” Workers stopped at each plant and appealed to workers changing shift to join their strike, greeting each new walkout with a loud round of cheers. The crowd grew throughout the night. There is a sense in the ruling class that the strike may be getting out of control. Amid a complete media blackout, the hated trade unions are doing everything in their power to restrict the movement to “legal” union-led negotiations and to keep stoppages from spreading to more manufacturing complexes across the border area and internationally. The strike at Matamoros has been completely ignored by the corporate media. There is not a single article about the Matamoros strike in any of the major Mexican or international news outlets. While devoting front-page news to anti-democratic maneuvers by the Democratic Party, the US-based New York Times and Washington Post, and Mexican newspapers such as El Universal and Reforma, have nothing to say about the largest strike on the North American continent in recent years.
    71 replies | 2352 view(s)
  • Swordsmyth's Avatar
    Today, 07:09 PM
    Signs continue to point to Secretary of State Mike Pompeo running for the Senate come 2020. The latest indication: reports that he planned to meet Sunday afternoon with veteran Republican strategist Ward Baker to discuss a possible campaign to fill the seat being vacated by Sen. Pat Roberts of Kansas. Roberts, a Republican, said earlier this month, that he would not seek re-election in 2020. The meeting between Pompeo and Baker, which was first reported by Politico, comes as Republican leaders including Senate Majority Leader Mitch McConnell, R-Ky., are aggressively wooing the secretary of state to run for the open seat. Pompeo, who previously served as a congressman from Kansas, has not made a decision on whether or not he will run, but his aides have said he's in no rush to make a call anytime soon. More at: https://www.foxnews.com/politics/report-pompeo-meeting-with-top-gop-strategist-as-he-mulls-2020-senate-bid Trump didn't appreciate the attempts to undermine the Syria withdrawal, hopefully Bolton will be gone soon as well.
    0 replies | 34 view(s)
  • Swordsmyth's Avatar
    Today, 07:05 PM
    With plans for President Trump's annual State of the Union address uncertain, a North Carolina state lawmaker has extended the latest invitation for the president to deliver the speech in a setting away from Capitol Hill. Tim Moore, a Republican who serves as speaker in North Carolina's state House of Representatives, issued a letter Friday asking Trump to give the speech in the House chamber of North Carolina's Statehouse in Raleigh. “I attended your first State of the Union address in Washington D.C. last year,” Moore wrote. “It was an unforgettable experience to witness this tradition of our commander-in-chief’s speech to a joint session of Congress. “I also believe taking your message outside of the nation’s gilded capital to a state government venue reflects the priorities of your administration, and those of our Congress, to create success not only for federal institutions and programs but for the American people they serve,” the letter continues. Previously, another Republican state lawmaker – in Michigan – also invited Trump to deliver his speech in the state Capitol of that state, in Lansing. “There is no higher loyalty or obligation than to the people we serve and the communities we represent, and no partisan gamesmanship should stand in the way of that service,” new state House Speaker Lee Chatfield wrote in his letter to the president. “Because of that, this chamber and this speaker are willing to put people before politics for this important occasion.” The White House hasn't yet announced what the president will do regarding the State of the Union speech in the wake of Pelosi's request that he not appear at the U.S. Capitol on Jan. 29.
    30 replies | 437 view(s)
  • Swordsmyth's Avatar
    Today, 07:00 PM
    Why should I believe the leftist activists about what happened? Here is the story from one of the Covington Catholic students themselves: More at: https://bigleaguepolitics.com/incrim...olic-students/
    136 replies | 1292 view(s)
  • Swordsmyth's Avatar
    Today, 06:57 PM
    "They" also want to ban normal people, what about all of us who "identify" as what we really are? Why can't we be referred to by traditional pronouns? It won't be long before this comes here: Leftist French Website Calls For Heterosexuality to be Banned
    3 replies | 51 view(s)
  • Swordsmyth's Avatar
    Today, 06:54 PM
    I don't agree, Congress should not have any pressure put on them to end any shutdown beyond the political fallout and neither should the President, shutdowns are good and compromises made under pressure are always bad.
    3 replies | 41 view(s)
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    Sure it does. The folks with solid red deserve it. If you can point me to one who doesn't, then I'll try to help them out.
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Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

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