Coulda Had A Pipeline

Reuters;

U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 6.9 million barrels in the week to June 24, according to data from the Department of Energy.

Stockpiles in the Strategic Petroleum Reserve (SPR) fell to 497.9 million barrels, the lowest since April 1986, according to the data.

About 1 million barrels of sweet crude and 6 million barrels of sour crude were released in to the market.

When does hurricane season begin?

It’s Thursday On Turtle Island

Woke Britain:  Michael Coren’s good buddy supports Extinction Rebellion.  Apparently you can assign sex at birth.

China virus news:  Another pandemic.

Biden’s America:  Your morning satire.  New Jan. 6 narrative collapses.  Looks like Justin’s new military.  Stop talking progressive.  The fake J6 claim.  Your morning meme.

Pride Month:  Twitter censors Jordan Peterson.

Trudeau’s Canada:  Dear Leader promotes segregation.  The Chinese fake activists in Canada.  Its always about the money, as Indians take Yukon government to court.

Temporarily Unexpected

Via Ace of Spades;

Federal Reserve Chair Jerome Powell warned Wednesday that there is “no guarantee” the central bank will be able to bring inflation to heel without sacrifices in the job market, while reiterating policymakers’ aim to achieve a soft landing in their effort to rein in surging prices.

Speaking at the European Central Bank’s policy conference in Portugal, Powell said that supply and demand are “really out of balance in many parts of the U.S. economy,” and pointed to the labor market as “being a big example of that.”

He said those imbalances need to be evened out in order to bring inflation down.

Wall Street surveyed: When does the recession begin?

Sparky cars without spark

As is typical of all central planning schemes, a particular narrative is always pursued at the expense of a whole host of relevant details. Enough relevant details, in fact, to derail the whole scheme.

We’ll need one public charging “port” for every 20 EVs on the road in the current initial phase of adoption, according to one Natural Resources Canada study. As charging speeds increase — and EVs become more popular — that ratio may drop to one station per 50 cars. If you’re quick with math, that means those 50,000 stations the government is boasting about building are good for about 2.5 million EVs at best, and just a million at worst. If you want to understand how woefully inadequate that seemingly ambitious plan is, do the long division with the almost 30 million light-duty vehicles currently registered in Canada.

He Admires Their Basic Dictatorship

National Post;

Comments from a federal cabinet minister suggest a controversial government travel app is set to become permanent.

And changes quietly rolled out on Tuesday to both the ArriveCAN smartphone and its website suggest the app is being rolled into ongoing efforts to modernize Canada’s ports of entry.

Speaking in Windsor on Tuesday, Public Safety Minister Marco Mendicino said the app — designed to ostensibly streamline entry into Canada by allowing travellers to upload proof of mandatory COVID-19 vaccination — had potential to find greater use in processing cross-border travellers.

“ArriveCAN was originally created for COVID-19, but it has technological capacity beyond that, to shrink the amount of time that is required when you’re getting screened at the border,” Mendicino told reporters.

Related – Canada Day preparations begin on Tienanmen Hill.

Where’s The Kaboom?

They’re not saying it was aliens…

NASA has discovered the crash site of a “mystery rocket body” that collided with the Moon’s surface earlier this year. The impact left behind a widespread “double crater,” meaning it wasn’t the average rocket.

However, since its crash landing, none of Earth’s space-exploring nations have claimed responsibility for the mysterious projectile, leaving NASA scientists baffled as to who was behind its launch. New images shared on June 24 by NASA’s Lunar Reconnaissance Orbiter show the unusual impact site.

More at NASA.

Safe and Effective®

The Daily Sceptic- Serious Heart Inflammation 44 Times Higher After Covid Vaccination, Nature Study Finds

The risk of being hospitalised with heart inflammation is up to 44 times higher following Covid vaccination, a study in Nature has found.

The study, which examined the vaccination status of all 1,612 hospital cases of myocarditis and 1,613 hospital cases of pericarditis in France between May 12th and October 31st 2021, found that the risk of being hospitalised with myocarditis was 8.1 times higher in the week following a Pfizer second dose (95% confidence interval [CI], 6.7 to 9.9) and 30 times higher following a Moderna second dose (CI, 21 to 43).

Fauci’s “Rebound”

Another expensive “miracle” cure.

eugyppius- Anthony Fauci Suffers Paxlovid Rebound in Second Virus Humiliation This Month.

America’s foremost Corona astrologer is now on his “second course of treatment”

Fauci reports that he “tested negative for the virus three days in a row” (lol I told you he tests himself daily) before coming up positive on the fourth day. He reports that his rebound symptoms are “much worse” than before.

ZeroHedge- Fauci Suffers “Much Worse” COVID Symptoms After ‘Paxlovid Rebound’

As Bloomberg reports, large numbers of patients have reported the phenomenon, often called Covid rebound or Paxlovid rebound, of returning symptoms after taking a full course of Pfizer’s drug.

While Pfizer Chief Executive Officer Albert Bourlasaid in May that doctors could prescribe a second course of treatment to such patients, US drug regulators have said there’s no evidence that a repeat will help.

However, Fauci said he started taking a second course of Paxlovid after experiencing symptoms “much worse than in the first go around.”

Now near completion of the five-day oral treatment, he said he was still enduring symptoms but felt “reasonably good.”

Related

Any Good Deals Out There?

Armstrong Economics- Oversaturated Retail

Samsung is not the only company suffering from supply now outweighing demand. Walmart, Gap, Target, and American Eagle all reported in their last earnings calls that they have more products than they can sell. The warehousing costs for idle inventory are leading some companies to consider reversing their return policy – here’s your money, keep the item.

“For every dollar in sales, a retailer’s net profit is between a cent to five cents. With returns, for every dollar in returned merchandise, it costs a retailer between 15 cents to 30 cents to handle it,” retail expert Burt Flickinger told CNN. This puts retailers at risk since many will abuse the policy. Sales and clearances on seasonal items are expected as the retail market is oversaturated with supplies that arrived too late.

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