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The Spread Between WTIC and Brent Is Widening

Cory
May 21, 2018

We focus a lot on the WTIC price but when I was chatting with John Rubino off mic he brought up the widening spread between WTIC and Brent. John has some comments on what this means extending beyond just the oil market.

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Oil
Discussion
108 Comments
    May 21, 2018 21:05 PM

    Thread by @tracybeanz: “1. I am about to blow your minds with this thread. It is massive. You will want to pay VERY close attention. The Senate Intelligence Committ […]”

    1. I am about to blow your minds with this thread. It is massive. You will want to pay VERY close attention. The Senate Intelligence Committee released a lot of documents last week and I touched upon this but didn’t put two and two together until now.
    2. There is a lawsuit ongoing right now in the UK. Orbis and Steele are being sued by Aleksej Gubarev, Webzilla, and XBT based off of memos in the dossier.

    https://threadreaderapp.com/thread/998242710824869888.html

      May 21, 2018 21:59 PM

      5. So we know that McCain was involved with Fusion GPS and Steele/Orbis for what we will now call the “pre-election” dossier. But, although alluded to several times, we also now have in our possession a memo written by Steele in DECEMBER. AFTER the election.

    May 21, 2018 21:58 PM

    If oil does spike, I guess I have more concern for the poor people and nations in the world than ourselves. Almost everyone I know loves their pickup and seem not to care that they only get 12-14 mph. JMO

      May 21, 2018 21:05 PM

      It is a fad…….like shaved heads ….. . 🙂

      May 21, 2018 21:54 PM

      Silverdollar….Do you mean MPG.
      I own a Honda Jazz Hybrid….60-62 on a run, great little car.

        May 21, 2018 21:58 PM

        The Jazz is not approved for the USA……we only LIKE BIG PIG Autos……. 🙂
        Big Trucks are the Profit centers for the manufactures…besides., if the rent gets to high, the sheeple can sleep in the bed of the truck…….. 🙂

          May 21, 2018 21:01 PM

          How ya doing Irish……..Hope you are liking the new royals…….

            May 21, 2018 21:40 PM

            Jerry……Feck the royals….

            May 21, 2018 21:27 PM

            🙂

            May 21, 2018 21:49 PM

            Speaking of the royals, I got up about 5:30 AM local time to use the throne, did my duty, then turned on the TV. Watched just enough to see James Corden and George Clooney arrive, then shut it off and went back to bed.

          May 21, 2018 21:41 PM

          The Jazz is a Honda Fit sold in this country, with a slightly smaller engine. Hybrid power not available in the Fit here.

        May 21, 2018 21:11 PM

        It is a dang shame…….all the good English cars are gone…..
        Tata Motors, making the Jag. is a joke…..IMO

          May 21, 2018 21:45 PM

          Wish I still had my 1958 MGA I drove from 1964-1971. My dad had a 1963 XK=E

            May 21, 2018 21:21 PM

            I had 2 MGBs…..and XJ6 ……loved um……but, I have to admit they were my wife’s…….. 🙂

            May 21, 2018 21:38 PM

            Enzo Ferrari once called the Jaguar XKE the most beautiful styling job he had ever seen, and he saw the best efforts from Italian studios.

          CFS
          May 21, 2018 21:34 PM

          Are there any English car makers left, not bought up by Germany?

            May 21, 2018 21:25 PM

            The last was MG-Rover Group. Their tooling went to China, sometime in the late ’90’s.

        May 21, 2018 21:32 PM

        I buy my shoes at new wave balance, the best pumps in town.

          May 21, 2018 21:32 PM

          Let’s just hope they don’t turn into pump-n-dumps….. 😉

    May 21, 2018 21:08 PM

    Oil goes up…….cost more to get gold out of the ground……silver will be on the verge of extension .

      May 21, 2018 21:10 PM

      extension……extinction

    May 21, 2018 21:13 PM
    May 21, 2018 21:19 PM

    Junior miners on the move. Oil moving on up.

      May 21, 2018 21:28 PM

      Hi Jerry…..Here in the UK, we also have loads of , ALICE’S

        May 21, 2018 21:23 PM

        Sad state of affairs……these jackasses have made of everyone.

    CFS
    May 21, 2018 21:11 PM

    Is not the USA the biggest producer of oil?

    How can a rising price for oil be other than good for the US, because of increases in royalties and taxes.?
    Rising oil AND rising dollar! Interesting.

      May 21, 2018 21:13 PM

      Might be the biggest producers, but, who owns the companies……

      May 21, 2018 21:00 PM

      The US has not been fully self-sufficient in oil since 1952. May be biggest producer for now, but has been for decades the biggest consumer by far. 40% of the crude oil consumed here is imported, at Brent prices. Revenue and profits from imported oil go to producing countries, sucking dollars out of the economy here.

    May 21, 2018 21:12 PM

    Can you please provide an update on Secova Metals. A lot has happened since your last posting in October 2017, ie: 10 for 1 share consolidation and listing on Texas Ventures Exchange.

    Thanks,
    Steven M

    May 21, 2018 21:18 PM
      May 21, 2018 21:19 PM

      Although, Obama likes drones…….

        May 21, 2018 21:05 PM

        The Great Oz

        Jeff Thomas – May 21, 2018

        > Mark Twain famously said, “If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.”

        “Quite so. It might be wise to view the media (both conservative and liberal) with a jaundiced eye. And, in the bargain, refuse to be a cheerleader for any political leader.”

        “The political agenda in most any country carries on no matter who the latest elected figurehead is. In order to see the ongoing shell-game more clearly, it might be best to recognize that government, in its entirety, is the problem, not whoever happens to be playing the role of the Great Oz at the moment.”

        http://www.321gold.com/editorials/thomas/thomas052118.html

          May 21, 2018 21:24 PM

          Good one from the MARK………

          May 21, 2018 21:55 PM

          Mark Twain also once wrote: “We have the best government that money can buy.”

          GH
          May 22, 2018 22:42 AM

          See through the political game, refuse to play on their terms, as disempower the b$trds as much as possible.

            May 22, 2018 22:48 AM

            I like that thought…….

            May 22, 2018 22:32 AM

            Agreed

    May 21, 2018 21:25 PM

    Here’s a good laugh….Who the hell is runing Harvard……The Nutters !!!!!!
    https://www.zerohedge.com/news/2018-05-20/harvard-give-hillary-medal-transformative-impact-society

    May 21, 2018 21:43 PM

    Why Diversification Makes a Precious Metals Portfolio Stronger

    Jeff Desjardins – The Visual Capitalist – May 17, 2018

    http://www.visualcapitalist.com/diversification-precious-metals-portfolio/

    May 21, 2018 21:55 PM

    (ALO) Alio Gold Announces Voting Results of Annual General and Special Shareholders Meeting; Shareholders Approve Acquisition of (RPM) Rye Patch

    by @nasdaq on May 18, 2018

    https://ceo.ca/@nasdaq/alio-gold-announces-voting-results-of-annual-general

    May 21, 2018 21:54 PM

    Shooting star* candle

    May 21, 2018 21:34 PM

    RoXplorer® Wins Excellence in Innovation Award

    May 17, 2018

    “Hailed as the most significant development in mineral exploration drilling for 50 years, the RoXplorer® was announced as one of three award winners at a gala presentation dinner on May 15, part of the CRC Association’s Annual Conference, Collaborate | Innovate 2018.”

    “The RoXplorer® coiled tubing drill rig drills at around one sixth of the cost of conventional diamond drilling and provides major safety and environmental benefits,” he said.

    “Conventional drilling requires that additional sections of drill rod are manually connected to the drill string as the hole deepens.

    “RoXplorer®’s drill string is a continuous coiled tube that progressively unwinds from a reel without requiring manual connections, resulting in quicker, cheaper and safer drilling.”

    http://detcrc.com.au/2018/may-2018-excellence-innovation-award/

      May 22, 2018 22:16 AM

      (R) (RDEMF) Red Eagle Mining Shareholder Letter from the CEO

      May 22, 2018

      “Red Eagle Mining is well on the way to overcoming the challenges faced during the first half of 2017. The primary issue was that the mine was significantly behind in development due to initial difficult ground conditions pushing the primary ramp through the saprolite during 2016. Since raising additional capital and recruiting new experienced operating personnel in August 2017 we have made immense progress. We successfully completed 6,429 metres of underground development, 21,688 metres of underground infill drilling on ten metre centres and commenced stope mining in October 2017 with the plant commencing production on January 2, 2018 and operating continually to date…”

      “Red Eagle Mining also now owns 100% of Red Eagle Exploration (formerly CB Gold) which, in addition to controlling the Vetas district in Santander, Colombia, in 2017 acquired four concessions in the neighboring California district. These properties have substantial historical drilling with very high-grade results and are adjacent to the world class La Mascota and La Bodega deposits previously owned by Ventana Gold. These two districts combined are key to the next stage of growth. The plan is to develop them concurrently with a common processing facility.”

      https://ceo.ca/@editor/red-eagle-mining-shareholder-letter-from-the-ceo

      May 22, 2018 22:14 AM

      This is what the CIA is. This is what the CIA has always been. This is what Mike Pompeo said he wanted to help make the CIA “much more vicious” than. Appointing Gina Haspel as head of the agency is just putting an honest face on it.

        May 22, 2018 22:15 AM

        “Bloody Gina” has reportedly been directly involved in both torturing people and destroying evidence of torture in her long and depraved career, which some say hurts the CIA’s reputation.

          May 22, 2018 22:17 AM

          THIS SOUNDS MORE LIKE HITLER’S WW2…….
          The lying, torturing, propagandizing, drug trafficking, coup-staging, warmongering Central Intelligence Agency has done some of the most unspeakably horrific things to human beings that have ever happened in the history of our species. If you think I’m exaggerating, do your own research into into some of the CIA’s activities like the Phoenix Program, which used “Rape, gang rape, rape using eels, snakes, or hard objects, and rape followed by murder; electric shock (‘the Bell Telephone Hour’) rendered by attaching wires to the genitals or other sensitive parts of the body, like the tongue; the ‘water treatment’; the ‘airplane’ in which the prisoner’s arms were tied behind the back, and the rope looped over a hook on the ceiling, suspending the prisoner in midair, after which he or she was beaten; beatings with rubber hoses and whips; the use of police dogs to maul prisoners,” and “The use of the insertion of the 6-inch dowel into the canal of one of my detainee’s ears, and the tapping through the brain until dead. The starvation to death (in a cage), of a Vietnamese woman who was suspected of being part of the local political education cadre in one of the local villages…The use of electronic gear such as sealed telephones attached to…both the women’s vaginas and men’s testicles [to] shock them into submission.”

          May 22, 2018 22:19 AM

          OF course………..the congress and the President HAVE NO SAY SO…….on this DIRECTOR nor Agency…….ACCORDING TO SHIPP…………

      May 22, 2018 22:29 AM

      OWL>>>>>>>>>>DO A SEGMENT ON THIS ONE>>>>>>>>>>>>

        May 22, 2018 22:02 AM

        Jerry, Here’s the Book
        Eye’s on Havana. Verne Lyon.
        Verne was recruited CIA who ended up doing time in Leavenworth prison.
        I know his story but haven’t read the book yet.

          May 22, 2018 22:43 AM

          Thanks John………hope all is going well with you, ….missed your comments over the weekend…….

            May 22, 2018 22:52 AM

            An extraordinary autobiography of a disastrous relationship between the CIA and the operative they recruited and betrayed. This heart wrenching tale deserves to be read.”—David MacMichael, Former USMC Captain and former CIA analyst; “Deeply knowledgeable about America’s dark side, Verne Lyon stayed true to his oath of office: to protect and defend the Constitution of the United States against all enemies, foreign and domestic.”—J. Michael Springmann, former U.S. Diplomat in the Reagan and Bush administrations, author of Visas for Al Qaeda; “What happened to Verne Lyon is a true American horror story, one of the CIA’s most pitiful episodes and one that deserves to be told.”—Jack Ryan, an FBI agent for 22 years; “A riveting story of how the CIA abuses its power and will do anything to anybody with impunity in order to get what it wants.”—Peter Janney, author of Mary’s Mosaic; “Verne Lyon’s story so shocked me that I hoped he would one day make it public.”—Yuri Totrov, former KGB counter intelligence officer; “Verne Lyon is passionate about speaking truth to power. This book is of historical value.”—James Everett, former CIA Case Officer and author of The Making and Breaking of an American Spy.

            From the Publisher

            May 22, 2018 22:55 AM

            I am sure there are a lot more stories like the one above……..since the CIA should not even exist under the Constitution……..Most sheeple are unaware of what the CIA does, even to the Point the CONGRESS and PRESIDENT can not do a thing about it.
            WAKE UP PEOPLE

            May 22, 2018 22:07 AM

            Hi Jerry:
            This is the comment Mr Korelin left me.
            She is full of admiration if her i. Perhaps you could translate.
            I’m starting to wonder if my time wouldn’t be better spent reading the National Enquirer.

            May 22, 2018 22:10 AM

            I have found throughout the Years……OWL, is sometime behind in his homework….. 🙂

            May 22, 2018 22:12 AM

            Heck, ….I fall behind , my self…….Do not give up, …this is a great site, and there are a lot of great people, like yourself …which feed a lot of great info onto the site.

            May 22, 2018 22:14 AM

            Thanks Jerry.
            Not much gets by you.
            Your comment as to who owns the oil companies was a prime example.

            May 22, 2018 22:16 AM

            Separating the SHADOW GOVT…..AND DEEP STATE…..everyone needs to get a handle on this one going forward….Cleaning up the congress first, and FBI, FED RESERVE…cut off the cash, and the CIA will go bye, bye….

            May 22, 2018 22:18 AM

            I also just finished my summation of “Churchill and the Jews” Martin Gilbert
            Long story short. Zionist Jews are blood sucking parasites that eventually kill the host.
            Just ask Great Britain. American’s better start paying attention.

            May 22, 2018 22:21 AM

            Thanks John,…….I have been aware of the OIL con game since Jimmy Carter, …and Ronny R’s Con game setting up the DOE…..for Archer Danials…..I was involved with the ethanol business in the 70’s……did not realize it was a semi scam. The semi scam was on the part of the OIL Companies, just like in 1909-

            May 22, 2018 22:22 AM

            WE do not have an energy problem, ……..we have a congress problem….

            May 22, 2018 22:25 AM

            I am doing some more work myself, on the JEWs and the CON-ZIONIST…..
            Remember , where your citizenship is….according to KJV

            May 22, 2018 22:27 AM

            I would not like to see any Christian …shoot himself in the foot, …by hating all Jews.,
            The devil is in the details…..

            May 22, 2018 22:40 AM

            Notice I did say “Zionist Jews”
            The history of Churchill and Claim Weizman is most interesting as towards the history of the Palestinian State and Israel.

            May 22, 2018 22:30 PM

            I see that John……….that you did say Zionist Jew…….great to be on the same page..

    May 22, 2018 22:11 AM

    It really couldn’t be more fitting that the US now has an actual, literal torturer as the head of the CIA. It also couldn’t be more fitting that it has a reality TV star billionaire President, an Iraq-raping Bush-era neoconservative psychopath as National Security Advisor, a former defense industry directoras Secretary of Defense, a former Goldman Sachs executive as Secretary Treasurer, and a former Rothschild, Inc. executive as Secretary of Commerce. These positions have always facilitated torture, oppression, war profiteering and Wall Street greed; the only thing that has changed is that they now have a more honest face on them.

      May 22, 2018 22:13 AM

      Quotes from Zerohedge article above………

    May 22, 2018 22:41 AM

    Lowes is getting a loser……….JCPenny crashes, under his watch……I think
    https://www.zerohedge.com/news/2018-05-22/jcp-crashes-after-ceo-unexpectedly-quits-company-join-lowes

    May 22, 2018 22:35 AM

    Dog and Pony show…………Zucky…..trying to pull the wool over the Herringbone…
    https://www.zerohedge.com/news/2018-05-22/watch-live-zuckerberg-faces-against-european-parliament

    May 22, 2018 22:58 AM

    Here is another Blood Sucking Parasite. The IMF
    “International Minister of Finance” Head of the “USURY” department.
    The IMF works as a channel for funneling Public money into private banks.
    Debt is one of the main contributors to food insecurity.
    In 1984, the nine largest U.S Banks had placed 100% of their equity in loans to Mexico,Brazil,Argentina and Venezuela.
    The bank decides when the debtor defaults, not the other way around.
    The Peruvian Central Bank admitted that IMF adjustments were responsible for the deaths of 500,000 children.
    When will it ever stop?
    Susan George asks in her book “A Fate Worse Than Debt” Are bankers more like lemmings than the rest of us?
    Argentina needs to promote Growth,Stability: IMF
    https://www.youtube.com/watch?v=3QOViFzsezY

    May 22, 2018 22:36 AM

    Venezuela: Jose Arreaza rejects US imposed sanctions.
    https://www.youtube.com/watch?v=EsSZ41Vi9EI

    May 22, 2018 22:33 PM

    Ezekiel 22:12
    12 In thee have they taken gifts to shed blood; thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and hast forgotten me, saith the Lord God.

      May 22, 2018 22:42 PM

      That is a good one…………

    May 22, 2018 22:57 PM
    GH
    May 22, 2018 22:18 PM

    Third and final installment from Nicolas Davies, completing his estimation of ~6 million total (again?!?) :

    How Many Millions Have Been Killed in America’s Post-9/11 Wars? Part 3: Libya, Syria, Somalia and Yemen

    https://consortiumnews.com/2018/04/25/how-many-millions-have-been-killed-in-americas-post-9-11-wars-part-3-libya-syria-somalia-and-yemen/

    GH
    May 22, 2018 22:22 PM

    Must read on ‘fake news’/propaganda/brainwashing/mind control/reality creation:

    https://www.strategic-culture.org/news/2018/04/30/how-facebook-etc.-suppress-key-truths.html

    ” What is especially pernicious is that Facebook deliberately imposes this censorship in a secretive way. The primary mechanism when a block is imposed by Facebook is that my posts to Facebook are simply not sent into the timelines of the large majority of people who are friends or who follow. I am left to believe the post has been shared with them, but in fact it has only been shown to a tiny number. Then, if you are one of the few recipients and do see the post and share it, it will show to you on your timeline as shared, but in fact the vast majority of your own friends will also not receive it. Facebook is not doing what it is telling you it is doing – it shows you it is shared – and Facebook is deliberately concealing that fact from you.

    Twitter have a similar system known as “shadow banning”. Again it is secretive and the victim is not informed.”

      May 22, 2018 22:32 PM

      G.H:
      You posted an article from Wired Magazine. You have to be careful with these people as well.
      I wrote them a letter and told them I wouldn’t wipe my ass with their magazine if it was the last thing in the outhouse.

        May 22, 2018 22:33 PM

        I use to be a subscriber.

        May 22, 2018 22:42 PM

        Seas & Roebuck catalog ……….. Love those Kentucky outhouses…….. 🙂

          May 22, 2018 22:44 PM

          Seas to Sears …sorry……

          May 22, 2018 22:45 PM

          Alaska before running water. Just don’t build on the bottom of the hill with people living above you. Acquired Wisdom.

            May 22, 2018 22:46 PM

            You must have been part Roman…………

            May 22, 2018 22:53 PM

            When in Rome, Do as the Romans.

        GH
        May 22, 2018 22:53 PM

        On the skull to voice, I think? I’m pretty sure that’s a reality even if Wired isn’t a great source…I don’t know them well. Anything specific that ticked you off?

          May 22, 2018 22:57 PM

          They did an article referencing 9/11. I am amazed at what lengths the Psy-op will go to re-enforce the narrative.

            May 22, 2018 22:01 PM

            Also I liked the one markedtofuture posted with the AI, when you listen and hear two different things.
            The first thing that came to my mind was I wonder if it works when your stoned on THC.
            Unfortunately I don’t smoke pot.

            GH
            May 22, 2018 22:55 PM

            Ah, yes, a good litmus test.

    GH
    May 22, 2018 22:24 PM

    Norman Finkelstein on Israel’s ‘Murderous Assault on Nonviolent Protesters’ in Gaza

    http://www.informationclearinghouse.info/49428.htm

    May 22, 2018 22:27 PM

    America’s anti war voice was eliminated with the elimination of conscription. As long as we have a volunteer force, everybody that ends up dead does so by their own choice. How convenient.
    If we still had the draft it would be a totally different story.

    May 22, 2018 22:28 PM

    Somebody should ask Mr McKinney what were the last three books that he read that didn’t have a renewal card in the middle.