assorted subjects from larry johnson as he returns to the empire from russia; 

 

I am in-between flights heading back to Florida. The trip to and from Moscow is arduous. Between flights and layovers I will spend a total of 32 hours traveling. Not for the faint of heart. I am not doing any podcasts on Tuesday or Wednesday because of the travel schedule.

Trump made a total ass of himself and the United States with his speech on Tuesday to the UN General Assembly. His continued bombast and belligerence are both tiresome and juvenile. He continues to milk the stock market and oil futures by offering a vague promise that he might get back into negotiations with Iran. However, he also apparently has authorized a dramatic increase in the number of KC-135 tankers parked at Al-Udeid Airbase in Qatar. Those are some big, fat targets just waiting for an Iranian strike.

Thanks to internet availability on the plane I am able to focus on a new video from Kevin Wamsley at Inside China Business which is a nice companion to my Monday piece on diesel. Kevin takes the current commentary on this year’s fuel crisis fixes — which focuses on the crude that stopped flowing out of the Gulf when Hormuz closed, and the refineries burning in Russia and the Middle East and ads an important third factor to the crisis that gets almost no airtime in the Western press… The world is running short of the ships that move oil. When you cannot move a barrel, it does not matter how many barrels exist. And the shortage of tankers is now feeding straight into the price of diesel, of jet fuel, and — the part that surprises people — of sweet crude...........more...........