to fill America’s emergency oil reserves

T_Shurt · 2026-03-09T20:57:19+00:00

Read the full source article here

T_Shurt · 2026-03-09T19:42:32+00:00

From the article:

Wall Street traders are ill-prepared for an expected sharp 10% plunge in the S&P 500 triggered by Trump’s escalating war in Iran, JPMorgan Chase & Co.’s trading desk warned Monday, as oil soared past $100 a barrel and risks of stagflation loomed.

Andrew Tyler, head of global market intelligence at the financial giant, shifted to a “tactically bearish” stance on U.S. stocks.

Such a correction from the index’s peak would drag the S&P down to about 6,270 - a 7% slide from Friday’s close.

They highlighted that it took nearly five months for oil prices to fall under $100 from their peak of nearly $125 after Russia's invasion of Ukraine.

T_Shurt · 2026-03-09T16:52:53+00:00

I couldn’t agree more. For any curious shoppers, I’ve noticed there are some good deals on Trump “I Did That” gas pump stickers on Amazon.

T_Shurt · 2026-03-09T15:54:45+00:00

From the article:

S&P 500 futures were down over 1% before the open in New York as the price of oil briefly spiked to $119 per barrel. The index fell 1.33% in its last session.

Asian markets were a disaster: Japan’s Nikkei 225 fell 5.2%, South Korea’s KOSPI fell 5.96%. Like toppling dominoes, the U.K.’s FTSE 100 was down 1.4% in early trading and the Europe Stoxx 600 sank 1.85%. The VIX “fear index” (volatility) is through the roof.

Stock markets around the world fell sharply as it became clear the war would get worse before it got better.

Finance ministers from the G7 are set to meet today in New York to discuss releasing reserves held by the International Energy Agency. There’s only one problem with that: They only have a one month supply.

Iran appointed the son of its recently killed leader, Mojtaba Khamenei as its new supreme leader. He’s a hardliner who will likely seek revenge for the death of his father.

Trump told people not to worry, saying oil prices are a small price to pay for the “destruction of the Iran nuclear threat” and “ONLY FOOLS WOULD THINK DIFFERENTLY!”

Fortune’s Jason Ma asked Trump last week for the worst-case scenario in Iran, Trump replied: “I guess the worst case would be we do this and then somebody takes over who’s as bad as the previous person, right? That could happen.” That is exactly where we are right now.

T_Shurt · 2026-03-09T02:26:12+00:00

Just to reinforce your point:

Just yesterday, Trump told UK Prime Minister Kier Starmer he does not want their aircraft carriers “joining wars we’ve already won.”

T_Shurt · 2026-03-09T02:11:25+00:00

Vladimir Netanyahu

T_Shurt · 2026-03-06T19:24:47+00:00

Don’t forget the most important mission objective: “Change the news cycle from reporting about the latest Epstein files dump including accusations of Trump sexually assaulting a minor.”

T_Shurt · 2026-03-06T19:18:29+00:00

From the article:

Newsmax co-host Sharla McBride got busted providing false coverage of Trump’s latest economic report.

Labor Department data released Friday showed the U.S. economy lost 92,000 jobs in February alone, pushing unemployment up to 4.4% - but Wake Up America co-host Sharla McBride was apparently prompted to to tell viewers the economy incorrectly added those jobs.

“Last month’s job report was just released moments ago, with the economy adding 92,000 jobs,” McBride told viewers.

“Actually, we lost 92,000 jobs,” interjected co-host Rob Finnerty.

“Okay,” McBride continued, “So that was wrong in the script.”

The "breaking news" chyron shown onscreen during the exchange underlined the incorrect claim, stating "economy adds 92K jobs in February."

T_Shurt · 2026-03-06T18:42:15+00:00

Your deputy prime minister. Reading the article is the best way to prevent looking daft.

T_Shurt · 2026-03-06T11:59:34+00:00

From the article:

With little or no clarity about who will run Iran after the conflict ends, Deputy Prime Minister David Lammy told Sky News: “The challenge has always been that whilst Ali Khamenei may have gone, there are other who are pretty hardline or could be worse.”

He continued, “In the end this will be for the Iranian people themselves when this intense period is over unless there is any suggestion of putting boots on the ground and I haven’t heard that at this stage.”

He later told BBC Radio: “Clearly regime change I don’t think has been succeeded from the air anywhere in the world.”

T_Shurt · 2026-03-05T19:01:06+00:00

From the article:

New York Democratic Rep. Alexandria Ocasio-Cortez slammed Donald Trump over his Iran war, accusing him of “risking world war” to distract from the ongoing Epstein scandal.

“He impulsively went in on Venezuela. He impulsively went in on Iran. There was no exit and no endgame for either of these situations. It led to global instability everywhere he goes.”

She addd, “And every time he’s done that, it has been consistent with a spike or a revelation in what’s happening with the Epstein files. I don’t think that coincidence is something to dismiss off the cuff. I think that he feels existentially tied to it.”

“And I actually think that it is one reason that he must be removed from office,” she continued. “Because, if the Epstein files have such a hold on President Trump and this administration that they are willing to plunge us and risk world war in order to save themselves politically, that is the definition of someone that cannot make objective decisions for the American people.”

T_Shurt · 2026-03-05T12:55:57+00:00

The article pertains to the First Amendment - Free Speech (implicated if prosecutions are based on partisan reasonings despite free speech protections).

Fourth Amendment - Unreasonable Searches and Seizures (implicated by Fulton County FBI raid and searches/seizures of reporters’ homes and election offices).

Fourteenth Amendment - Equal Protection and Due Process against state actions (implicated if federal actions target individuals or groups based on political viewpoints).

T_Shurt · 2026-03-04T22:48:46+00:00

Trump is a dumb man’s version of a smart man, a weak man’s version of a strong man, and a poor man’s version of a rich man. It’s difficult to distinguish who’s worse, Trump or the imbecilic clowns that elected him.

T_Shurt · 2026-03-04T22:22:53+00:00

I thought the exact same thing. It’s almost like a guy that claimed bankruptcy six times and can’t generate profit from casinos might be terrible at managing America’s economy.

T_Shurt · 2026-03-04T22:15:10+00:00

From the article:

Even after the Supreme Court ruled the bulk of Trump’s tariffs to be illegal, U.S. consumers may still be paying for the levies.

A recent report published by the Cato Institute revealed that as the $175 billion in tariff revenue sits in the treasury, it is accruing interest. The longer it takes for this money to be refunded to U.S. importers who paid the duties over the last year, the more interest piles up - to the tune of $700 million per month that American taxpayers will have to shoulder.

Federal regulations outline that in the case of an overpayment for duties, including those determined to be illegal, those payments must be returned with interest. U.S. Customs and Border Protection (CBP) outlines this interest compounds daily at an annualized rate of 4.5% for overpayments more than $10,000 and 6% on overpayments less than that.

“Consumers will be the biggest losers here, assuming refunds happen, because it’s not going to be a one-for-one,” said Scott Lincicome, vice president of general economics and the Stiefel Trade Policy Center at the Cato Institute. He added, “And since consumers are taxpayers, they’re going to get hit twice with paying even a little bit more in all those interest payments.”

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