China needs to be removed from supply chains.
Trumps 60% tariff on all Chinese goods is needed.
“China has sanctioned U.S. drone manufacturer Skydio, a key supplier for Ukraine, blocking critical components and batteries. Skydio is now scrambling for alternative suppliers amid the supply chain crisis, per Financial Times.”
https://x.com/NOELreports/status/1851903193455751245
Sweet!
“Satellite images reveal the aftermath of a missile strike on an ammo depot in Luhansk, showing significant damage: three or four buildings destroyed and one damaged.”
https://x.com/NOELreports/status/1851894969130172815
OilPrice.com reports:
“A Reuters poll released Thursday paints a lackluster future for oil in 2025, with a cocktail of sluggish demand growth and supply glut concerns pulling prices down. Analysts now see Brent crude averaging $80.55 per barrel this year and $76.61 in 2025— a steady downgrade from earlier projections.
The pessimistic shift stems from a trio of factors. China’s lukewarm demand, despite its role as the world’s top oil consumer, casts a long shadow. Meanwhile, oil supplies from key producers are poised to swell, especially with OPEC+ eyeing an output hike in December. And the geopolitical storms that once rattled markets, particularly fears of escalations in the Middle East, have calmed. As Ole Hansen, Saxo Bank’s head of commodity strategy, noted, these flare-ups may stir oil prices, but the risk of real disruption is, well, limited...
When the geopolitical winds ease and China’s economy stalls, crude prices might just hit the snooze button for a while.”