As of the week ending June 12, 2026, the US Strategic Petroleum Reserve (SPR) held approximately 340.25 million barrels of crude oil… Sounds like a lot, but it is approaching the danger zone. In late May, that number was 372 million barrels, which consisted of Sweet crude: ~142 MMB | Sour crude: ~230 MMB, according...

My old friend and new collaborator, Pepe Escobar, along with Mr. Z, broke news Friday afternoon regarding relations between the US and Iran (I’ve posted the video below). Despite the MoU stipulation that: by signing this memorandum of understanding, declare an immediate and permanent cessation of military operations on all fronts, including Lebanon, and commit...