The Daily Jot

Monday, April 03, 2023

THIS JUST IN! RON DESANTIS IS AN IDIOT! AND A SPEND THRIFT!

BULLY BOY PRESS & CEDRIC'S BIG MIX & THOMAS FRIEDMAN IS A GREAT MAN & ANN'S MEGA DUB -- THE KOOL AID TABLE

FLORIDA GOVERNOR RON DESANTIS HAS BIGGER PROBLEMS THAN A MANLY WIFE WITH AN ADAM'S APPLE (SEE " Ron and his Adam apple bearing wife," "His broner swings both ways," "So Ron DeSantis is horny for the drag queen look" AND "THIS JUST IN! RON DESANTIS HAS A PENILE PROBLEM!"). NO, RON'S WEIRD BEDROOM FETISH AND NEED TO SLEEP WITH A WOMAN WHO REMINDS HIM OF A MAN IS THE LEAST OF HIS PROBLEMS.

IT'S THE WAY HE'S DESTROYING THE STATE OF FLORIDA THAT'S CAUSING PEOPLE TO TURN ON HIM. BY THE END OF 2022, HE HAD WRACKED UP $16.7 MILLION IN LEGAL BILLS -- BILLS THAT THE PEOPLE OF FLORIDA ARE STUCK WITH PAYING. THAT WAS BEFORE HIS DISENY FIASCO -- WHICH IS CREATING BIGGER BILLS. NO ONE, AT THIS POINT, KNOWS HOW MUCH IT IS GOING TO COST FLORIDA TAX PAYERS BUT WE DO KNOW THAT THE TWO LAW FIRMS REPRESENTING HIS CRAZY ARE CHARGING $1290 AN HOUR IN BILLING FEES.

HIS RECKLESS BEHAVIOR HAS LED HIM TO BE CALL "IDIOT OF THE WEEK" ONLINE AND LED DISNEY CEO BOB IGER TO CALL HIM "ANTI-BUSINESS."

IN RESPONSE, DESANTIS THREW AN EPIC TANTRUM HISSY FIT AT DISNEY WORLD -- SEE PHOTO BELOW.

"F**K FLORIDA!" RON DESANTIS SNARLED AT THESE REPORTERS -- MUST CREDIT BULLY BOY PRESS & CEDRIC'S BIG MIX & THOMAS FRIEDMAN IS A GREAT MAN & ANN'S MEGA DUB -- "ME AND MY MAN WIFE CASEY DO WHAT WE WANT. FLORIDA WILL TAKE IT, THEY HAVE NO CHOICE AND I DON'T CARE IF THEY GET STUCK WITH A BILL FOR MILLIONS MORE!"

FROM THE TCI WIRE:

Welcome to the disaster that is the global economy.

THAI PBS WORLD notes, "Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a “precautionary” move aimed at stabilising the market." KURDISTAN 24 reports, "As part of the collective decision by its fellow OPEC+ members, Iraq has decided to cut 211,000 barrels of oil per day, beginning in May, in an effort to stabilize the oil market, according to a statement from the Iraqi Oil Ministry." AP insists, "Higher oil prices would help fill Russian President Vladimir Putin’s coffers as his country wages war on Ukraine and force Americans and others to pay even more at the pump amid worldwide inflation." Australia's ABC adds, "Cuts by Saudi Arabia, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will top one million barrels per day -- the biggest reduction since the OPEC+ cartel slashed two million barrels per day in October." Seban Scaria (ZAWYA) explains, "Last month oil prices plunged close to $70 per barrel following fears of an imminent global banking crisis triggered by the collapse of US-based Silicon Valley Bank and Geneva's Credit Suisse. However, prices came back up to close to $80 a barrel recently following supply disruptions in Iraq."

The announcements already having an impact.

Massoud A Derhally (THE NATIONAL) reports:

Oil prices soared in early trading on Monday after Opec+ producers pledged to collectively cut output by 1.16 million barrels of crude per day on Sunday.

Both Brent, the benchmark for two thirds of the world’s oil, and West Texas Intermediate, the gauge that tracks US crude, had jumped more than 6 per cent before giving some gains but were still trading strong.

Brent had gained 5.57 per cent and was trading at $84.34 a barrel at 6.37am UAE time, while WTI was up 5.64 per cent to $79.94 a barrel.

CNBC notes the early morning surge and puts it at 8%. Noah Browning (REUTERS) reports, "Brent crude was trading at $84.53 a barrel as of 1115 GMT, up $4.64, or 5.8%, after touching the highest in a month at $86.44." Yongchang Chin and Alex Longley (BLOOMBERG NEWS) offer, "The White House said the OPEC+ decision was ill-advised, while adding the US would work with producers and consumers with a focus on gasoline prices. Last year, President Joe Biden ordered an unprecedented release from the nation’s strategic crude reserves after Russia invasion of Ukraine." From CBS' MONEYWATCH:

The production cuts alone could push U.S. gasoline prices up by roughly 26 cents per gallon, in addition to the usual increase that comes when refineries change the gasoline blend during the summer driving season, said Kevin Book, managing director of Clearview Energy Partners. The Energy Department calculates the seasonal increase at an average of 32 cents per gallon, Book said.

With an average U.S. price now at roughly $3.50 per gallon of regular, according to AAA, that could mean gasoline over $4 per gallon during the summer.

Nick Beams (WSWS) observes:

The decision was unusual in that it took place outside of a formal meeting of the oil-producing countries, “suggesting an element of urgency by the members taking part in the cuts,” according to the Financial Times (FT).

The market was taken by surprise. Bloomberg reported that all 14 traders and analysts it polled last week predicted no change in production. They took their lead from Saudi Energy Minister Prince Abdulaziz bin Salman who said last month that the OPEC+ targets set last October were “here to stay for the rest of the year, period.”

However, the financial turmoil, set off by the failure of the US Silicon Valley Bank, the second largest in monetary terms in US history, and the forced takeover of Credit Suisse by UBS appear to have changed those calculations.

There are growing concerns that the financial upheavals and the widely forecast ensuing credit crunch could trigger a slowdown in the global economy, if not a recession.