[rjnwmill]

May be wrong, but I think DeSantis said some/much of the Florida r/e is designed to survive a CAT 5 storm?

As a purely casual observer, I don’t know the specifics about the damage in the geography you’ve highlighted. Was their infrastructure damaged or totally wiped clean?  Did any residential property survive in tact structurally?  In rebuilding can one harden structures sufficiently to tolerate another “storm of the century”?

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

This is remarkable to me. As you read Powell’s uncertainty about the economy, compare and contrast with our first black, female, lesbian press secretary and Biden himself.

The Whitehouse is certain we’re enjoying the best economy in our lifetimes. They should fire Powell and nominate Jean Pierre to lead the FED. She’d hit the ground running with that really smart binder of hers.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

For your consideration ichiban…on a day oil falls 5%.   Week ending September 16, the balance in the SPR has declined to 423 mil barrels. We are approaching the administration’s objective of 180 mil barrels. Global demand remains at 100 mil barrels/day.

Industry’s domestic investment is targeting lower cost short tail sources, largely shale. US production is likely to fall over the course of the next two to four years.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

I can’t remember a cycle where monetary and fiscal policy were so conflicted…and I expect the money guys will win in the end…after all irresponsible politicians need someone to blame.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

Thanks Mick. Only complaint, there’s no authoritative comment on the hundreds of financial transactions that were flagged by the banking system.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

For clarity sake I’d change “the initial estimate” to “the projection used by politicians to justify the initial appropriation for project funding”.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

I hadn’t followed the story and was amazed at the cost estimates that we’re floating around. Yesterday I read that 43,000,000 individuals might qualify for the program?

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

From the EIA weekly petroleum status report:

Gasoline stocks decreased 4.6 million barrels from the previous report week; total stocks are 215.7 million barrels.

Demand for gasoline rose 225,000 barrels per day to 9.348 million barrels per day.

Natural Gas

Injections are lagging the five-year average by seven percent, potentially yielding a start-of-withdrawal level of 3.3 Tcf, 367 Bcf below the five-year average. This suggests tighter-than-normal natural gas availability, a bullish price indicator.

The Freeport Louisiana LNG export facility is expected to re-open in October. This could renew export capacity by 17 percent, materially increasing overseas markets adding upward pressure to price. Powerhouse has discussed the implications of growth in European demand several times in the past. The impact remains potentially strong.

We also need to keep in mind that the draining of the SPR will end in October. The Biden administration bull shit should be focused on subjects that won’t reveal their fundamental dishonesty in sixty days, be in the consumer’s face before the midterms. The celebration of gas prices dropping for 45 days is laughable, particularly when they remain significantly higher than January 21, 2022.

How stupid do they think we are?  Perhaps Putin is to be thanked for lowering gas prices…temporarily?

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

😉

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

Ever the optimist, eh?

Oil declined in July. Hope I’m wrong, but I’m thinking along the lines of Goldman Sachs. Oil may be nearer to $150/barrel by the end of the year. No more SPR releases, declining Russia production and natural gas substitution for electricity generation during a colder than normal winter season. And realize we’ve not invested in LNG terminals so our excess capacity can’t be deployed in Europe to reduce oil consumption. Not to mention another trillion of DC spending.

I worry the July pause is a mirage, little more.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

<p data-reader-unique-id=”80″>A quote from an article about the status of the Durham litigation.</p>
<p data-reader-unique-id=”80″>“The protects afforded by the work-product doctrine are the very reason why Perkins Coie referenced “potential and/or on-going litigation” in its contract with Fusion GPS. In other words, they planned ahead for the possibility that this privilege might need to be asserted. (This is the privilege Fusion GPS was asserting when it was sued by the owners of Alfa Bank.)”</p>

<figure data-reader-unique-id=”82″><picture data-reader-unique-id=”84″><source srcset=”https://cdn.substack.com/image/fetch/w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F17e838f4-9956-47bb-8541-24d40c94a369_746x356.png 424w, https://cdn.substack.com/image/fetch/w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F17e838f4-9956-47bb-8541-24d40c94a369_746x356.png 848w, https://cdn.substack.com/image/fetch/w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F17e838f4-9956-47bb-8541-24d40c94a369_746x356.png 1272w, https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F17e838f4-9956-47bb-8541-24d40c94a369_746x356.png 1456w” type=”image/webp” sizes=”100vw” data-reader-unique-id=”85″ /></picture></figure>
Who here believes the clown in the shaman suit was smart enough to devise and implement a legal strategy in advance of January 6th. A strategy that would prove to be helpful in the unlikely event that the planned unarmed insurrection was unsuccessful?

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

<p data-reader-unique-id=”80″>This from an article about the status of the Durham investigation. Who here can see the guy in the Shaman get up designing and implementing his legal strategy in advance so he can beat the subsequent insurrection charges should his action fail on January 6th?</p>
<p data-reader-unique-id=”80″>“The protects afforded by the work-product doctrine are the very reason why Perkins Coie referenced “potential and/or on-going litigation” in its contract with Fusion GPS. In other words, they planned ahead for the possibility that this privilege might need to be asserted. (This is the privilege Fusion GPS was asserting when it was sued by the owners of Alfa Bank.)”</p>

<figure data-reader-unique-id=”82″><picture data-reader-unique-id=”84″><source srcset=”https://cdn.substack.com/image/fetch/w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F17e838f4-9956-47bb-8541-24d40c94a369_746x356.png 424w, https://cdn.substack.com/image/fetch/w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F17e838f4-9956-47bb-8541-24d40c94a369_746x356.png 848w, https://cdn.substack.com/image/fetch/w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F17e838f4-9956-47bb-8541-24d40c94a369_746x356.png 1272w, https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F17e838f4-9956-47bb-8541-24d40c94a369_746x356.png 1456w” type=”image/webp” sizes=”100vw” data-reader-unique-id=”85″ /></picture></figure>

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

😂  😂  😂

Seems as though the bar for national leadership has been lowered?  Ben Rhoades identifiedand exploited the decline of the fourth estate.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[rjnwmill]

“I don’t understand why the Dems and Biden have to resort to mendacity.”

Legend, who wants to leave the teat?  Certainly not the donor class.  Another 3/4 of a trillion in spending?

We can’t expect politicians to change past practice, pander, pander then pander. Democrats and republicans need money for the midterms so they need to head out of DC for the august recess with some spread it around money in their pockets.  The middle class and Bowser’s illegals can deal with the fall out from piss poor policy starting in December.

Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long

[Author]

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