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Thu, 04 Nov 2021
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Oil Well

Chinese imports of US oil have "totally stopped" as trade war continues

china oil
It has been roughly two months since China threatened to impose a 25% tariff on US energy imports (it eventually went back on those threats), and less than two weeks since the latest round of tariffs has been implemented. But even as China has shied away from its threats to punish the US energy industry, Reuters data are showing that imports of US oil to China have ground to a halt.

Confirming the data, Xie Chunlin, the president of China Merchants Energy Shipping Co, said on Wednesday that crude oil shipments to China have "totally stopped" as the trade war has taken its toll, reversing growth in what had been a rapidly expanding market for US shale producers.
"We are one of the major carriers for crude oil from the U.S. to China. Before (the trade war) we had a nice business, but now it's totally stopped," Chunlin said on the sidelines of the Global Maritime Forum's Annual Summit in Hong Kong.

"It's unfortunately happened, the trade war between the U.S. and China. Surely for the shipping business, it's not good," the CMES president said.

He also said the trade dispute was forcing China to seek soybeans from suppliers other than the United States, adding that China now bought most its soybeans from South America.

Comment: See also:


Beer

Austria's PM Kurz meets with Putin to discuss peace in Syria, energy supplies, and cooperation

Putin Kurz
Vladimir Putin said he does not foresee any military action in Syria's Idlib in the near future, stressing that peace -not fighting- is the ultimate goal. Putin spoke at a briefing with Austria's Sebastian Kurz in St Petersburg.

"I do not see any military action in the zone in the foreseeable future, we don't want fighting in this area - what we want is to achieve peace, and the instruments that we've chosen have been effective so far," President Putin said during the press conference with Austrian Chancellor Sebastian Kurz in St. Petersburg.

Putin also said that the humanitarian approach in Idlib "should be on helping people," whether they live in territories controlled by the Syrian government or by the opposition.

"We shouldn't really care where these people live, they need to be helped. They shouldn't suffer," Putin said.

Comment: Austria's PM, Kurz, is one of a rising number of European heads advocating rational relations with Russia, as well as urging sane economic policies when it comes to sanctions and the Nord Stream II pipeline project; Italy's Salvini is another. It's also much more likely that peace in Syria is a viable option now that Russia's S-300's are being installed.

See also:


No Entry

Hungary warns Ukraine against expelling consul, vows to retaliate "immediately"

hungary flag
© Bernadett Szabo / Reuters
Hungary's FM Peter Szijjarto has warned Kiev against expelling its consul, vowing it would retaliate "immediately" if it did. Hungary and Ukraine are locked in a bitter diplomatic row over Kiev's 'forced Ukrainization' policies.

Budapest will not voluntarily recall its consul to the town of Beregovo, located in western Ukraine, Szijjarto said on Wednesday, after talks with his Russian counterpart Sergey Lavrov in Moscow. And if Kiev decides to forcefully expel the diplomat, Budapest will "immediately" send a Ukrainian Consul packing, Hungary's top diplomat warned.

"The Hungarian Consul in Beregovo did nothing wrong, nothing which amounts to a violation of Hungarian, Ukrainian or international law," Szijjarto insisted.

Comment: Considering the lawless behaviour of the Ukrainian government since the US-backed coup in 2014, is it any wonder the Hungarian government would attempt to provide assistance to citizens with whom they have ties? Also check out SOTT radio's: NewsReal: Donbass Leader Assassinated as Russia Exposes Chemical Plot in Syria


Arrow Up

What Mark Urban's book reveals about the Skripal poisoning: UK govt is either lying or incompetent

skripal
There's enough smoke and mirrors in the Salisbury poisonings to make the Magic Circle blush. It is impossible for the public to understand what happened, and who did what to whom, not only because the details don't add up, but because many of the so-called "facts" that have been released are suspicious in and of themselves. Whichever aspect of the case we look at to try to make sense, we can never quite be sure that we are not going down a rabbit trail, since the "facts" we base our case on may in fact not be facts at all.

What we can do, though, is to keep looking at the official claims. The investigators of the case obviously have access to information that ordinary members of the public don't have, and they have made an accusation. But the big question is whether the claims and the accusation they have made stand up to scrutiny - not just to the "facts" that have been given out, but also to logic and to reason.

It is important to begin by defining exactly what the claim is. There are essentially two branches.

The first comes from the British Government, who have declared the Russian State to be responsible for an attempted assassination of Mr Skripal on 4th March (to begin with they hedged their bets between direct responsibility and indirect responsibility, but later statements are more explicit about direct responsibility). In making this claim, because they are not in a court of law, but rather in a Parliament full of remarkably incurious folk, they have been able to able to come up with vague and airy statements about the case, all of which may well be enough to satisfy the incuriosity of that particular audience and their chums in the media, but which are unlikely to satisfy the minds of the more discerning.

Comment: See also:


Bomb

US bombs Somalia, kills 9 al-Shabab terrorists

al shabab al qaeda
© Farah Abdi Warsameh/AP
The U.S. military says it has conducted an airstrike that killed nine al-Shabab extremists after its fighters attacked Somali government forces.

The U.S. Africa Command statement says the airstrike on Monday was carried out about 40 kilometers (24 miles) northeast of the port city of Kismayo.

The statement says another extremist was wounded. It adds that according to its assessment, no civilians were injured or killed in the airstrike that was carried out in coordination with the Somali federal government.


Comment: Perhaps, but such a statement coming from AFRICOM is less than worthless.


The U.S. military has carried out 24 airstrikes, including drone strikes, this year against the al-Qaida-linked al-Shabab, the deadliest Islamic extremist group in sub-Saharan Africa.

Somalia this month marks the first anniversary of al-Shabab's deadliest attack, a truck bombing in the capital, Mogadishu, that killed 512 people.

Info

Malaysian PM doubles down on 'hook-nosed Jews' comments, blames Israel for ME woes

Mahathir Mohamad
© Shannon Stapleton/Reuters
Malaysia PM Mahathir Mohamad speaking at last month's UN General Assembly
Malaysia's nonagenarian prime minister has defended his controversial statements referring to Jews as "hook-nosed," doubling down to assert that the creation of Israel has triggered most of the current troubles in the Middle East.


Comment: He's certainly right about the creation of Israel being the trigger for the current state of affairs in the Middle East.


Mahathir Mohamad's comments came after being asked about alleged instances of being a "proud anti-Semite" during his long career in politics, by journalist Zeinab Badawi during an interview on BBC's Hardtalk program on Tuesday.

"If you are going to be truthful, the problem in the Middle East began with the creation of Israel. That is the truth. But I cannot say that," he told Badawi. Labelling Israelis as "special" over other nationalities, Mohamad said that any challenges to the Israeli state's historical narratives, such as questioning the exact number of Jews murdered during the Holocaust, are automatically branded as anti-Semitic.


Comment: The AJC is politically correct: such politically incorrect statements - no matter how benign - cannot be tolerated. If you observe common biological features shared by a group of people, you are a racist. If you criticize certain groups for massive crimes, you are bigoted. If only there were a way of arresting all the people in the world with unsavory opinions... a global gulag archipelago. Then all would be right in the world. Everyone would be in prison.


Dreamsicle

Love Him or Loathe Him, Donald Trump is on a Mission to End The Wars and Dismantle The Pentagon's Empire

trump moon korea
More than any other presidency in modern history, Donald Trump's has been a veritable sociopolitical wrecking ball, deliberately stoking conflict by playing to xenophobic and racist currents in American society and debasing its political discourse. That fact has been widely discussed. But Trump's attacks on the system of the global U.S. military presence and commitments have gotten far less notice.

He has complained bitterly, both in public and in private meetings with aides, about the suite of permanent wars that the Pentagon has been fighting for many years across the Greater Middle East and Africa, as well as about deployments and commitments to South Korea and NATO. This has resulted in an unprecedented struggle between a sitting president and the national security state over a global U.S. military empire that has been sacrosanct in American politics since early in the Cold War.

And now Bob Woodward's Fear: Trump in the White House has provided dramatic new details about that struggle.

Comment: Just to emphasize Porter's final paragraph, Trump may yield, but to date he's put up more fight than all US presidents since 1945 combined. As such, that makes him worthy of honor, not opprobrium. How people (who really should know better) can't see that is beyond us.

There's every reason to dislike Trump (for relatively superficial reasons): he's using US financial dominance to tax foreign countries' exports; his pro-Israeli stance is barf-inducing; he insults everyone with both his spontaneous statements and tweets, and some of his prepared speeches; he is loud and ultra-American; he (presumably) cheated on his wife with a porn star...

But if he is a 'racist' for wanting to defang the Pentagon Global Death Star, then he is the least racist US president in a while, possibly ever. That is why Sott.net is supportive of the man on this essential matter, one with the greatest actual consequences for people and planet.


Blackbox

Is the Federal Reserve engineering the next crash in order to topple Trump?

J.P. Morgan Chase
For those who follow major financial markets closely, the warning signs of the next major US financial market Tsunami are gaining more frequency daily. Some weeks ago attention was on so-called Emerging Markets, especially Turkey, Argentina, Indonesia, India or Mexico. What is rarely mentioned in the mainstream media is the relation of those events to the deliberate withdrawal of dollars from the global financial system by the "creator" of dollars, the US Federal Reserve. Now that process threatens to detonate a dramatic fall in not only US stocks but also in high-risk junk bonds, in US real estate debt, auto debt, credit card debt. The Trump hopes for continued economic success into the 2020 elections or even into the November mid-term elections may be smashed by the will of the Fed.

The interesting fact little-discussed outside professional financial circles is the fact that every major financial panic or crash since at least the Panic of 1893 in the USA has been orchestrated to the advantage of a dominant faction in finance at the expense of rivals. This was the case with the crash of 1907 where the "Federal Reserve" of that time, the faction in Wall Street around J.P. Morgan, triggered a panic to gain certain advantage over troublesome competitors. Since JP Morgan, the Rockefellers and banks of Wall Street manipulated the creation of the private Federal Reserve in 1913, it has been the Fed who engineers periodic market collapses after the same Fed policies created a speculative boom in assets previously.

Comment: See also:


Better Earth

United Nations General Assembly meeting and the birth of a post-Western world

UN General Assembly
The administration of the UNO had been hoping for a clash between the pro- and anti-Trump factions during the General Assembly. What actually happened was very different. While several States, including France, denounced the methods of the resident of the White House, Russia undertook an analysis of the Western alliance. According to Moscow, most of our current problems are due to the desire of the old colonial powers to conserve their domination of the rest of the world - at whatever the cost. In order to overtake them, a formidable coalition has been born.

Despite appearances, the procession of the heads of State and government, or Ministers for Foreign Affairs, at the General Assembly of the United Nation was not without purpose. It's true that most of them, having little to say, addressed their interior public opinions by blaming UNO incompetence and calling for a respect for the law. But many of their interventions went straight to the heart of the matter - how to resolve the disputes between States and guarantee peace?

The first three days were marked by the speech by Donald Trump (United States) and the responses by Emmanuel Macron (France) and Hassan Rohani (Iran). But all these complications were shattered on the fourth day with the intervention by Sergueï Lavrov (Russia), when he presented the map of the post-Western world.

Bad Guys

Macedonia's failed referendum is blow to Western lobbyists, but govt will seek to join EU and NATO despite lack of public support

Protesters NATO in Macedonia
© Marko Djurica / Reuters
Protesters shout out slogans about boycotting the referendum on changing the country's name that would open the way for it to join NATO and the European Union in Skopje, Macedonia September 30, 2018.
It's not surprising that Western leaders failed to drum up support for Macedonia's referendum, experts told RT, suggesting that Skopje's vow to ignore the result and push ahead with EU and NATO membership is even less shocking.

Despite the slew of Western dignitaries who poured into Skopje to lobby for the measure, most Macedonians chose to stay home for Sunday's non-binding referendum, which would have opened the door for EU and NATO membership.

Some 90 percent voted in support of the referendum, which asked: "Are you for EU and NATO membership by accepting the agreement between the Republic of Macedonia and the Republic of Greece?" but with around 36 percent turnout, the results were invalidated. Macedonia's Prime Minister Zoran Zaev said after the vote that he remains committed to renaming the country North Macedonia, resolving a name dispute with neighboring Greece and paving the way for EU and NATO membership.