APR 3 SIT EC Y POL
ZERO HEDGE
Ahoy!
Oil Tankers Form Four-Mile Line In Persian Gulf As Iran Talks Stoke Supply Glut
Fears. Submitted by Tyler Durden on 04/03/2015. As the market
ponders how quickly an Iran nuclear deal and subsequent lifting of sanctions
will affect crude prices, record production in Iraq leaves 5% of the world's
tanker fleet parked in the Persian Gulf.
As Bloomberg reports,
5% of the world’s VLCC fleet is currently parked in the Persian Gulf outside
the Basra Oil Terminal, where tankers are now waiting an average of 16 days
driving shipping rates to multi-year highs in the process. Here’s more:
Iraq’s biggest oil exports in
more than three decades and winter winds are helping to keep shipping rates at
a six-year high as a four-mile line of supertankers waits to load the nation’s
crude.
There are 22 of the
industry’s biggest tankers, or almost 5 percent of the fleet, waiting to
collect cargoes from the Basra Oil Terminal in the Persian Gulf, from where
most of Iraq’s crude is shipped. The daily rate for supertankers transporting
crude from the Middle East to Japan rose to $51,042 on Thursday, bringing the
average for this year to $61,306, data from the Baltic Exchange in London show.
Iraq crude exports jumped 15 percent last month to 2.98
million barrels a day, the highest in 35 years, Oil Ministry spokesman Asim
Jihad said by phone from Baghdad on Wednesday. The nation pumped 3.7 million
barrels a day in March, the most since at least 1962, according to data
compiled by Bloomberg.
All of the above comes at a time
when, as a recent policy
brief from Stanford points out, crude prices are likely to be constrained
for the long haul by a confluence of factors including surging U.S. shale
production, a weakening OPEC, the shale revolution spreading globally,
efficiencies in drilling, and more natural gas substitution for oil.
Whatever the case, what all of this
suggests is that volatile times lay ahead for crude.
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Europe's
Currency Manipulation. Submitted by Tyler
Durden on 04/03/2015. At its core, currency manipulation is any
intentional intervention that results in an undervalued currency and a
substantial current-account surplus – exactly what the ECB is doing. If
the ECB maintains this policy for an extended period, tension with the US is
all but inevitable – tension that may obstruct the TTIP’s approval by the
US Congress or hinder the treaty’s actual operation, resulting in its deterioration
or termination. This runs counter to the popular view, which drove the
eurozone’s creation, that Europe needs a single currency to compete with large
economies like the US, China, and India.
More on this: German
Bank Sets Precedent: Sues The ECB
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Californians
Outraged As Oil Producers & Frackers Excluded From Emergency Water
Restrictions. Submitted by Tyler
Durden on 04/03/2015. California's oil and gas industry is estimated (with
official data due to be released in coming days) to use more than 2 million
gallons of fresh water per day; so it is hardly surprising that, as Reuters
reports, Californians are outraged after discovering that these firms are
excluded from Governor Jerry Brown's mandatory water restrictions, "forcing
ordinary Californians to shoulder the burden of the drought." [more on the
abuses of big corporations in the US: How
Many People Will Have To Migrate Out Of California When All The Water
Disappears? ]
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...And
The Good News: Banks Will Be Obsolete Within 10 Years. Submitted by Tyler
Durden on 04/03/2015. Today, every possible function of a bank, from
savings to loans to money transfers, can now be done faster, cheaper, and more
efficiently by new technology, courtesy of the Digital Revolution.
In 10 years’ time, the technology and adoption will have progressed to the
point that today’s banks will be entirely obsolete. Thomas Jefferson once wrote
that “. . . power should be taken from the banks and restored to the
people, to whom it properly belongs.” It took two centuries. But now
it’s actually starting to happen. More on this:
The
Inevitable Failure of Mechanistic Monetary Policy
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Americans
Not In The Labor Force Soar To Record 93.2 Million As Participation Rate Drops
To February 1978 Levels. Submitted by Tyler
Durden on 04/03/2015. the labor force participation rate dropped once more,
from 62.8% to 62.7%, a level seen back in February 1978, even as the BLS
reported that the entire labor force actually declined for the second
consecutive month, down almost 100K in March to 156,906.
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German
Bank Sets Precedent: Sues The ECB. Submitted by Tyler
Durden on 04/03/2015. German lender L-Bank is suing the ECB in a bid to
avoid falling under the central bank’s direct supervision. WSJ calls this "the
most radical step by a European bank against ECB supervision [and] highlights
the headwinds the ECB is facing from some politicians and smaller lenders in
Germany, Europe’s biggest economy."
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No
Country For Young Workers: Only Americans 55 And Older Found Jobs In March. Submitted by Tyler
Durden on 04/03/2015. America continues to be a country where there are
only jobs for old men, those 55 and older, who saw a 329,000 increase in jobs in
the past month. Every other age group saw job losses! More on this:
March
Payrolls Huge Miss: Only 126,000 Jobs Added, Worst Since December 2013
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Tsipras
Heads To Moscow As IMF Withdraws Athens Staff; Greek Default Risk Hits
Post-Crisis High. Submitted by Tyler
Durden on 04/03/2015. Amid growing pressure from their 'Troika colleagues'
with Eurogroup Chair Dijsselbloem noting there is "still a long way
to go" on Greek proposals and The IMF withdrawing its staff in
Athens; new prime minister Alexis Tsipras heads to Russia to meet with
Putin early next week. As Kremlin spokesman, Dmitry Peskov noted - somewhat
intriguingly - "Greece has not asked [Russia] for financial aid... yet,"
as Tsipras is expected to seek agreement for a 'road map' of initiatives on the
political and economic levels. Greek default risk has resurged in the last
few days to its highest since the last 'restructuring'...
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Submitted by Tyler
Durden on 04/03/2015 - 07:40
- Iranians celebrate, Obama hails 'historic' nuclear framework (Reuters)
- Iran Nuclear Accord Hailed as Landmark After Marathon Talks (BBG)
- Two New York City women accused of planning 'terrorist attack' (Reuters)
- Cyprus Lifts Capital Controls Two Years After Deposits Bail-In (BBG)
- Jury Hits Chrysler With $150 Million Penalty in Boy’s Death (WSJ)
- Greece says ready to make IMF payment on April 9 (Reuters)
- Germanwings Co-Pilot Set Plane to Go Faster Before Crash (BBG)
- IBM hire advisers to deal with restless investors - sources (Reuters)
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FUTURE FAST FORWARD
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INFORMATION CLEARING HOUSE
Iran, P5+1 Joint Statement Calling for
Removal of all Anti-Iran Sanctions
By Press TV
None of Iran’s nuclear facilities as well as the previous activities will be stopped, shut down or suspended and Iran’s nuclear activities in all its nuclear facilities including Natanz, Fordow, Isfahan and Arak will continue.
By Press TV
None of Iran’s nuclear facilities as well as the previous activities will be stopped, shut down or suspended and Iran’s nuclear activities in all its nuclear facilities including Natanz, Fordow, Isfahan and Arak will continue.
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Iran Deal: A Game-Changer for the Middle East
By Phyllis Bennis
Negotiators in Switzerland just won a huge victory for diplomacy over war. Now we've got to protect it.
By Phyllis Bennis
Negotiators in Switzerland just won a huge victory for diplomacy over war. Now we've got to protect it.
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Thoughts On That Maybe-Deal About Iran's
Nuclear Achievements
By Moon Of Alabama
There are many distortions and lies in the "western" reporting on the issue. Facts that are left out include.
By Moon Of Alabama
There are many distortions and lies in the "western" reporting on the issue. Facts that are left out include.
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Cold War 2.0
By William Blum
Once a nation becomes an Officially Designated Enemy of the empire the methods of torture can be exquisite and endless.
By William Blum
Once a nation becomes an Officially Designated Enemy of the empire the methods of torture can be exquisite and endless.
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In Yemen the “Axis of kindness” Shows the
True Face of the Empire and Proves Lenin Right
By The Saker
US continues to pretend to bomb al-Qaeda in Iraq while supporting the same al-Qaeda in Syria and Yemen.
By The Saker
US continues to pretend to bomb al-Qaeda in Iraq while supporting the same al-Qaeda in Syria and Yemen.
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The Pentagon Plan to ‘Divide and Rule’ the
Muslim World
By Nafeez Ahmed
Yemen is the latest casualty of a neoconservative strategy commissioned by the US Army to ‘capitalise on Sunni-Shia conflict’ in the Middle East - the goal is nothing short of ‘Western dominance’
By Nafeez Ahmed
Yemen is the latest casualty of a neoconservative strategy commissioned by the US Army to ‘capitalise on Sunni-Shia conflict’ in the Middle East - the goal is nothing short of ‘Western dominance’
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GLOBAL RESEARCH
Iranian
Nuclear Program Framework Deal: Agreement to Let Further Negotiations Continue By Stephen Lendman
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PRESSTV
‘Iran
to fulfill promises if P5+1 does’ Fri Apr 3, 2015 Iran’s president says Tehran
will live up to its promises as per Lausanne statement if P5+1 group fulfills
its obligations.
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1000s
of Yemenis blast Saudi aggression.
Fri Apr 3, 2015 Thousands of Yemenis take to the streets in Sana’a to voice
their anger at the Saudi-led invasion of their country.
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US
soldier indicted for backing ISIL. Fri Apr 3, 2015 A army soldier is
indicted in the US over providing "material support" for the ISIL. [CONTROVERSIAL: for
proving or not providing]
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US
hails Russia’s role in Iran talks. Fri Apr 3, 2015 The US hails the
role Russia has played in reaching a mutual understanding with Iran over its
nuclear program.
[they supported
this temporary deal because war was imminent and had to be avoided ..
war diplomacy is running behind and a expenses of honest diplomacy .. meanwhile
what prevailed was the US blackmail .. we will never know the details of inside
talking .. all will be ashamed]
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Nuclear
deal at risk from US not Iran. Fri Apr 3, 2015 It is the US that may
jeopardize the nuclear agreement between Tehran and the P5+1 not Iran, says a
high-ranking Russian politician.
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Debate:
Joint statement on Iran’s N-program. Fri Apr 3, 2015 Debate: Joint
statement on Iran’s nuclear program
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GOP
seeks ‘war from jaws of peace’ . Fri Apr 3, 2015 Republicans and Israel
are making “unprecedented interventions” to sabotage a historic understanding
reached over Iran’s nuclear energy program.
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Lebanon
offers to host inter-Yemeni talks. Fri Apr 3, 2015 Lebanon voices
readiness to host talks among warring Yemeni parties in order to resolve crisis
in the Arab country.
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Russia
urges truce in Yemen. Fri Apr 3, 2015 Russian Deputy Foreign Minister
Mikhail Bogdanov urges the soonest possible ceasefire in Yemen.
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Dollar
down in Iran over Lausanne news. Fri Apr 3, 2015 The free market of the
Dollar has decreased against the Rial in Iran after developments in Lausanne.
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Saudi
jets airdrop arms to militants. Fri Apr 3, 2015 Saudi warplanes airdrop
weapons to militants in Yemen’s fugitive president in Aden.
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Window
of possibility has opened: Kerry. Fri Apr 3, 2015 John Kerry says a
mutual understanding reached in Switzerland on Thursday between Iran and the
P5+1 is a window for a potentially historic final agreement.
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Greece
ready to repay IMF loan “on time” . Fri Apr 3, 2015 Greece says it has
enough money to repay the IMF loan. [ if Germany return the 100 tons of gold stolen from Greece
during the nazi era? ]
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US
job creation slowest since 2013. Fri Apr 3, 2015 US employers added the
fewest number of jobs in more than a year in March, heightening concerns over
the recent slowdown in economic growth.
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‘UN
not decisive over Yemen crisis’. Fri Apr 3, 2015 An analyst says that
the UN is not committed enough to stopping Saudi Arabia’s ongoing military
invasion of Yemen.
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French
jobless rate at record highs. Fri Apr 3, 2015 Unemployment in France is
expected to remain at record highs.
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40
terrorists killed in Yarmouk clashes. Fri Apr 3, 2015 Forty terrorists
are killed as clashes continue between ISIL and Palestinian fighters in
Yarmouk.
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Australia
welcomes Iran-P5+1 statement. Fri Apr 3, 2015 Australian Foreign
Minister Julie Bishop welcomes progress towards a comprehensive Iran-P5+1
nuclear deal.
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More
signs firms eyeing Iran investments. Fri Apr 3, 2015 Signs who that
international companies are already gearing up to return to the lucrative
Iranian market.
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NEWS IN SPANISH http://actualidad.rt.com/
RohanÃ: "El mundo reconoció que
Irán actúa pacÃficamente" . El
mundo ha reconocido el carácter pacÃfico de los objetivos de Irán
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Mi entrevista con la televisión de Catalunya: http://www.ccma.cat/tv3/alacarta/programa/especial-sobre-lacord-amb-liran/video/5496251/
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NAZANIN.es Crimenes de Arabia Saudi y de EEUU
en Yemen. OPEN: http://www.nazanin.es/?p=11631 Crueldad Saudi contra los niños. Ellos
sufren la guerra:
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Objetivo inmediato de la invasión de
Al Saud a Yemen y su meta final. Pablo Jofré Leal
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Cumbre de las Américas, un desafÃo
para Obama. Vicky Peláez
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