LONDON (Reuters) - Brent crude oil slipped towards $78 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and producers appeared divided ahead of an OPEC meeting to discuss output.
All eyes are on OPEC's response to a drop in oil prices of nearly one-third in recent months, with some smaller members calling for production cuts at the Nov. 27 meeting in Vienna.
OPEC heavyweight Saudi Arabia has so far shown no indication that it will support a reduction in OPEC production.
Diplomatic and market sources say Saudi officials said in recent private briefings that the kingdom could live for some time with current, or even lower, price levels.
Even seasoned OPEC veterans say they do not know how the cartel will respond to the collapse in oil prices this year.
"For the first time, I really do not know what is likely to happen at the meeting. It is not clear," one long-serving senior OPEC delegate told Reuters.
Brent was down 10 cents at $78.37 a barrel at 0815 GMT, after settling 84 cents lower in the previous session. Yahoo
See what happens with OPEC as about all the negativity already been dumped. SDRL for now is a reasonable play for EX. I don't want to own it if breaks $20. NADL, that's another thing and looks like it might flat line in the $2-$3. See nothing to prop it up. Sometimes a sector will get so beat up you just have to buy into it. Yet, I continue to keep my powder dry for an over due correction. That's my big concern here, has been for couple years.
Today got long SDRL in the 20.50's with a tight .50 mental stop. Looking to play this for less than two weeks with EX in mind. If breaks $20 I don't want to be around.
Long CVRR, short NTI when spread was $2+ and holding until I make my $2 when PPS get even.
Thinking the little bump in the sector is some wishful thinking OPEC will do a meaningful cut. Doubt it.
When it comes to racially lopsided arrests, the most remarkable thing about Ferguson, Mo., might be just how ordinary it is.
Police in Ferguson — which erupted into days of racially charged unrest after a white officer killed an unarmed black teen — arrest black people at a rate nearly three times higher than people of other races.
At least 1,581 other police departments across the USA arrest black people at rates even more skewed than in Ferguson, a USA TODAY analysis of arrest records shows. That includes departments in cities as large and diverse as Chicago and San Francisco and in the suburbs that encircle St. Louis, New York and Detroit.
Those disparities are easier to measure than they are to explain. They could be a reflection of biased policing; they could just as easily be a byproduct of the vast economic and educational gaps that persist across much of the USA — factors closely tied to crime rates. In other words, experts said, the fact that such disparities exist does little to explain their causes.
"That does not mean police are discriminating. But it does mean it's worth looking at. It means you might have a problem, and you need to pay attention," said University of Pittsburgh law professor David Harris, a leading expert on racial profiling.
Whatever the reasons, the results are the same: Blacks are far more likely to be arrested than any other racial group in the USA. end
This is an easy answer, yet excuses and head scratching seems to miss the obvious. Don't do the crime and you won't get arrested!!
Now you guys know you miss Craigie and hope he comes back. Rest assured, he's always tuning in on this forum to see how much he's been missed. You just took the bait, hook, line and sinker.
President Obama has long declared he does not have the legal authority to do what he is about to do on immigration: bypass Congress and extend legal status to millions of undocumented immigrants through an executive order.
“I am president, I am not king. I can't do these things just by myself,” Obama said Oct. 25, 2010.
“I’m not the emperor of the United States. My job is to execute laws that are passed,” he declared three years later on Feb. 14, 2013.
Later that year on Sept. 17: “[I]f we start broadening that [the deferred action program for undocumented immigrant youth], then essentially I would be ignoring the law in a way that I think would be very difficult to defend legally," he said. "So that's not an option.”
How could the president now do what he plainly said was illegal as recently as last fall?
That’s what I asked White House Press Secretary Josh Earnest at today’s White House briefing. In what appears to be a rare acknowledgement of a presidential flip flop, Earnest explained “obviously there are some things that have changed on this.” USA Today. Look it up as it's funny reading exchange with Josh Earnest trying to explain how Obama has made himself 'king'.
With protesters still gathering daily around the Ferguson police station, small business owners say business has dried up almost entirely since the Aug. 9 shooting of 18-year-old Michael Brown.
The St. Louis suburb of Ferguson is anxiously awaiting the grand jury ruling as to whether Ferguson Police Officer Darren Wilson will be charged in Brown’s fatal shooting. Missouri Gov. Jay Nixon declared a state of emergency and activated the National Guard ahead of the decision.
“There’s been a very dramatic financial impact on the small businesses that are throughout the West Florissant corridor, as well as several businesses in the South Florissant area,” said Rebecca Zoll. Zoll is president of North County Inc., a business and economic development organization focused on Ferguson and its neighboring towns, such as Dellwood and Jennings.
Immediately following the shooting, rioting and looting caused many businesses to shut down operations for as many as fifteen days, Zoll said.
“Several employees couldn’t get to the business or they were afraid to come to the business,” she added.
And business owners say that traffic is still light in the areas close to the police station.
“Business is down 40% to 60%,” Corners Frameshop & Gallery owner Robin Shively said. “I still see Ferguson residents walking in and about – I’m at a very busy corner … but I don’t see a lot of people from out of the area coming in.”
Shively said customers just don’t want to deal with any potential commotion. But others say fear is the factor.
“Business has dwindled down. Our lunch business and night business are down, I would say by 80%,” said Mimi’s Subway Bar manager Linda, who declined to give her last name. “People are afraid to come out and they’re also afraid to cross the protesters.” Mimi’s Subway Bar in Ferguson has been in operation for 20 years.
Linda said there has been no pick-up in business as time has passed.
I do the tr#$%$de when the spre#$%$d is or gre#$%$ter th#$%$n $2.00. I #$%$m in 5K on both sides #$%$nd did the tr#$%$de l#$%$st week, but not #$%$ll #$%$t once #$%$s 5k c#$%$n muck the PPS fills up. I buy & sell the stocks, not using options, though th#$%$t c#$%$n work too. I just don't like to give the MM's the spre#$%$ds when I h#$%$ve the c#$%$sh for the tr#$%$de. This wh#$%$t I h#$%$d on l#$%$st qu#$%$rter. I #$%$m looking to close one side or both when both PPS get even. NTI seems to h#$%$ve #$%$ stronger EX run, so good ch#$%$nce depending on time I m#$%$y hold longer for EX run. At le#$%$st th#$%$t's the pl#$%$n for now, though I #$%$m in must more e#$%$rly th#$%$n I like. This little pop in the sector I #$%$m thinking m#$%$ybe some expecting OPEC to cut. I don't, #$%$nd going into winter glut just going to get worst. Right now everyone seems to feel $75 is bottom #$%$nd we could get #$%$ surprise #$%$fter OPEC.
Gold/Pl#$%$t only $20 #$%$w#$%$y from being on p#$%$r. Love th#$%$t pl#$%$y. IF TASR gets in #$%$ little dip, going to try Dec c#$%$lls.
Spread now $4.45 on SDRL, Sell RIG. Bought it again but just 1k each. Think RIG still has room to drop, but the bigger move gone. Hows that buy CVRR and sell NTI at $2 spread working? Going to get even well before EX.
Muslim groups have stepped up efforts to co-opt protests over the fatal shooting of Michael Brown in Ferguson, Mo., with a drive to equate the teen’s death to the death of a radical Islamist shot during an FBI raid in 2009, a Washington-based security watchdog group is warning.
Using social media, conference calling and traditional outreach methods, leaders of the Council on American-Islamic Relations (CAIR) are portraying Brown and Detroit mosque leader Imam Luqman Ameen Abdullah as African-American victims of police targeting, according to the Washington-based Center for Security Policy (CSP). In a conference call organized by CAIR-linked "Muslims for Ferguson, a CAIR official called Abdullah a “Shaheed,” or martyr, and said both he and Brown were victims of a national security apparatus that had “completely gone wild” and engaged in “demonizing and criminalizing Muslims.”
“The reality is that this country, in law enforcement, be it local, state or federal law enforcement, people with guns have always seen black men and black people as threats,” Dawud Walid, executive director of CAIR’s Michigan Chapter, told the some 100 protest organizers on the call, made on the five-year anniversary of Abdullah's death and which was monitored by CSP.
Walid claimed Brown was a Muslim, although when pressed, Walid denied he had made such a claim. Brown was buried in August after a memorial service at the Friendly Temple Missionary Baptist Church in St. Louis.
You all comin to the party too?
Don't know about long term but it's ran hot this past couple months. I am sure the Ferguson story is the main driver. I hate buying tops as I don't enjoy the rides down.
It's stretches imagination to think that there's anything on this planet the Democrats wouldn't try to tax! Call anything a 'utility' is like waving a money magnet in front of a Democrat!
I think 'pure' figured it out long ago with his buy into Tasr. I see it's up again today. Many of the business in Ferguson have just boarded up and left as they could not take the loss. I sure hope all the media is going to enjoy the show as they sure worked hard for it.
It don't say much about a nation that allows itself to be held hostage by anyone, any color! Yet, here we are worried about the First Amendment rights of freedom of speech and freedom of assembly” for a bunch trouble makers.
In Ferguson, the police chief said they have at least 50 ACTIVIST GROUPS from all over descending into the area.
The FBI is warning law enforcement agencies nationwide that a grand jury’s decision on whether a Missouri police officer will face charges for killing Michael Brown, an unarmed 18-year-old, “will likely” lead to attacks on police officers and key infrastructure.
Violence could erupt following the decision whether or not to indict Ferguson Police Officer Darren Wilson, who is white, in the Aug. 9 shooting death of Brown, a black man, and so-called “hacktivists” could also use the opportunity to launch cyber-attacks against authorities and institutions.
“The announcement of the grand jury’s decision … will likely be exploited by some individuals to justify threats and attacks against law enforcement and critical infrastructure,” the FBI said in a bulletin issued Friday. “This also poses a threat to those civilians engaged in lawful or otherwise constitutionally protected activities.”
In Las Vegas, police joined pastors and other community leaders this week to call for restraint at a rally tentatively planned northwest of the casino strip when a decision comes.
In Boston, a group called Black Lives Matter, which has chapters in major cities, is organizing a rally in front of the police district office in the Roxbury neighborhood the day after the grand jury's decision.
In Ferguson, the police chief said they have at least 50 activist from all over descending into the
area. And the FBI
The FBI bulletin also stressed the “importance of remaining aware of the protections afforded to the all U.S. persons exercising their First Amendment rights of freedom of speech and freedom of assembly.”
Let's see, the good guys are the same ones people trusted when being sold Obamacare, correct?
"No new taxes or fees or anything else. Period". Really? With your posting track record, I think it's more logical to believe the FCC official.
Internet users would be forced to pay a new federal tax on their monthly bills if the government approves regulations recently endorsed by President Obama, a member of the Federal Communications Commission predicts.
Commissioner Mike O'Reilly addressed what's known as "net neutrality" at a Washington seminar on Friday. He spoke after Obama backed stricter rules by calling for preventing service providers from charging more for speedier service and for regulating them like telecommunications companies under a decades-old law.
That law requires telecommunications companies to pay into the FCC’s “Universal Service Fund” -- and would likely require the same of Internet companies. But O'Reilly says history clearly shows that the fees would quickly be “passed off” to customers, just like they are now on monthly phone bills.
“Consumers of these services would face an immediate increase in their Internet bills,” O'Reilly said Friday during the seminar held by the non-partisan Free State Foundation. “Let’s accept a truism: Consumers pay [the fund], not companies.”
O'Reilly, a Republican on the five-member commission, also quoted scholar and net neutrality guru Tim Wu in saying, “Ultimately, consumers always pay for everything, no matter what we say otherwise.”