Stand & Salute ! - anyone else have tears in your eyes - CNBC...
...anyone watching CNBC ?
Yes; a True great American - Larry Kudlow.
Bull you have firmly carved your eternal place in infamy and you should be ashamed.
PS - per Qatar
....we have cut & paste - which motivates yet more lemmings to board the train....but, there was a small warning there....ie:
<< pledged to start cutting output on April 1 >>
...it was NOT a total overnight cut. It is a gradual phasing in cut program - not, that anyone here has spoken to that most important REALITY !
The April ''initial'' - ''start'' of the cuts being instituted - is NOT the story - the story is the JUNE reporting which will show cheating - ala~ a dramatic fall in compliance to the proposed institution formula - and a drop from the initial April cuts. The rewards for cheating are simply too much for OPEC to ignore - and they KNOW that with $18+ OIL; much of the non-OPEC supply now become profitable and these non-OPEC suppliers will step up production.
More than a few articles this week talked about many of the shut in wells being able to be profitably re-started.
<<Saudi Arabia, Iran,
Kuwait, U.A.E., Qatar, and Oman -- have all told Bloomberg News
that they are in full compliance with the pact. These states
account for over 50 percent of the total cuts promised.>>
....hmm, only 1/2 of the OPEC members have reported that they are in at least 80% compliance of the proposed cuts.
2 Questions there - is 80% enough ?
Anyone else wondering what the other 50% of OPEC countries that have NOT said they are in compliance are doing ?
....remember - May's reporting is NOT the story - JUNE, will be however,,,,,
"It's the - CHEATING - stupid ! ''
Man, is CNBC promoting Kudlow this a.m. - or what ? Music, the American Flag..... Hooo Hahhhhh !
A coincidence ? ...................hmmmmmm ?
Enough to make one formerly loquacious - now neutered bovine sweat bullets ?
...3-4 days - be patient . |
