Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Cartel

Supreme Court Blows Up Big Taxi

This article was published by The McAlvany Intelligence Advisor on Friday, April 28, 2017:

Orange Colour Taxis.

Big Taxi just had a Belshazzar moment. In Chapter 5 of Daniel, Belshazzar, the son of Nebuchadnezzar, was hosting a feast and drinking from holy vessels that had been looted from Israel’s first temple. The hand of God appeared, writing on the wall. Daniel is called and reads it: “God has numbered your days.”

When the Supreme Court declined on Monday to consider an appeal from Big Taxi in Chicago, the handwriting was on the wall: your days are numbered.

Its days were numbered when

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Supreme Court’s Non-decision Expands Passenger Ridesharing Freedom

This article appeared online at TheNewAmerican.com on Thursday, April 27, 2017: 

By declining to hear an appeal, the Supreme Court on Monday essentially declared that rules protecting the taxi cartel in Chicago were null and void, thus expanding passenger freedom. As an attorney with the Institute for Justice (IJ), which represented Chicago Uber driver Dan Burgess, explained: “Today’s decision makes clear what [IJ] has said for years. The Constitution does not require [city] governments to stick with outdated protectionist regulations in the face of technological innovation.”

When Uber and other ride-sharing companies entered the Chicago market several years ago, they soon became a thorn in the side of the taxi cartel that had operated under protectionist rules dating back to 1937. Those rules

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Triggerman in Border Patrol Agent Brian Terry’s Death Finally Arrested

This article appeared online at TheNewAmerican.com on Thursday, April 13, 2017:

English: Official portrait of United States At...

Eric Holder, the man behind the operation, who denied it all.

On the evening of December 14, 2010, U.S. Border Patrol Agent Brian Terry and other BORTAC (Border Patrol Tactical Unit) agents were patrolling Peck Canyon in Santa Cruz County, Arizona, about 11 miles north of the Mexico border. They ran into five members of a “rip crew” — low-level drug cartel operatives looking for drug smugglers to rob — and attempted to arrest them. When Terry and the others fired non-lethal beanbag rounds, the rip crew responded with automatic fire from AK-47 rifles. In the resulting firefight, Terry was killed. The suspected triggerman, Heraclio Osorio-Arellanes, was arrested on Wednesday on a ranch on the border of the Mexican states of Sinaloa and Chihuahua.

His arrest was the result of a coordinated effort by the DEA, U.S. Marshalls, and BORTAC. This ends the search for the fifth and final member of that rip crew. The other four are serving long prison sentences for their part in the incident.

Terry’s death, it will be remembered,

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A Reminder of the Depth of Corruption in the Obama Administration

This article was published by The McAlvany Intelligence Advisor on Friday, April 14, 2017: 

English: Cropped version of File:Official port...

English: Cropped version of File:Official portrait of Barack Obama.jpg. The image was cropped at a 3:4 portrait ratio, it was slightly sharpened and the contrast and colors were auto-adjusted in photoshop. This crop, in contrast to the original image, centers the image on Obama’s face and also removes the flag that takes away the focus from the portrait subject. (Photo credit: Wikipedia)

The so-called gun-walking scandal known as Operation Fast and Furious was a secretive, phony, and ultimately failed attempt to attack the Second Amendment. The official story was much different. Richard Serrano, writing in the Los Angeles Times in October 2011 bought the lie and then repeated it:

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Illegal Immigration Down by Two-Thirds, Thanks to Tough Talk, Action

This article was published by TheNewAmerican.com on Wednesday, April 12, 2017:  

Logo of the United States Border Patrol.

The latest report from the U.S. Customs and Border Protection agency shows the impact of words and actions on illegals seeking access to free benefits available to them just by crossing the nation’s southwest border. The number of individuals caught crossing that border in March — 16,600 — was a 30 percent decrease from February and a 64 percent decrease from the same month a year ago.

President Donald Trump’s campaign promises to build the “big, beautiful wall” as one of many efforts to stem illegal immigration flooding into the country from Mexico turned into actions when he began signing executive orders to start the process.

His attorney general, Jeff Sessions, expanded on Trump’s determination to stem the flow on Tuesday during a speech he made at Nogales, Arizona. He issued a memorandum to federal attorneys to ramp up their efforts to prosecute illegals, including those who harbor or assist them, with special priority given to those with criminal records and those who were previously deported. Sessions also instructed the Justice Department to pursue charges even for relatively minor infractions such as identity fraud, document theft, or forgery as well as fraudulent marriages arranged to obtain legal immigration status.

Sessions stated:

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U.S. Rig Count Up, OPEC Influence Down

This article appeared online at TheNewAmerican.com on Monday, April 3, 2017:

An announcement on Friday by Baker Hughes, one of the world’s largest oil-field services companies, put one more nail in OPEC’s coffin. Despite the cartel’s attempt to manipulate world crude-oil prices to its benefit, the oil and gas rig count in the United States jumped by 15 last week and now sits at 824, an increase of 374 in just the last year.

Two days earlier, another nail had been pounded into place:

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Fitch Knocks Saudi Arabia’s Credit Rating Down Another Notch

This article appeared online at TheNewAmerican.com on Wednesday, March 22, 2017:

Fitch Ratings downgraded Saudi Arabia’s credit rating again on Wednesday, bringing it perilously close to “speculative,” from “investment grade.” It dropped the country’s long-term credit rating from A+ to AA-, but with a “stable” outlook, noting that the reduction was due to the country’s “continued deterioration of public and external balance sheets.”

Fitch sees what both Moody’s and Standard and Poor’s, the other two global credit rating agencies, see: declining oil prices hurting a country that once enjoyed the highest investment grade ratings thanks to high oil prices that not only paid for extravagant welfare programs and subsidies to its citizens but allowed it to accumulate three-quarters of a trillion dollars in foreign reserves — more than ample to ride out any conceivable storm.

The rating agencies have seen that an inconceivable storm arrived in 2014 when

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More Evidence that OPEC’s Influence is Waning

This article was published by The McAlvany Intelligence Advisor on Wednesday, March 22, 2017:

A measure of the success – and failure – of OPEC’s agreement to limit crude oil production can be seen in the chart of NYMEX crude oil price behavior (Sources below) dating from last fall. When the agreement was inked back in November, crude was at $46.50 a barrel. The price soared and traders got excited, putting in long bets that set records.

By early January, reality began setting in as compliance among the cartel’s members and non-members (who agreed to go along for the ride) began to wane. The roof fell in a couple of weeks ago when inventory builds continued to set records, and the price dropped through support at $50.

In other words, in OPEC’s attempt to birth an elephant, it succeeded in birthing a gnat.

Saudi Arabia maintained a stiff upper lip during the Houston oil conference, stating flat out that

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Saudi Arabia Losing Influence in Global Oil Markets

This article appeared online at TheNewAmerican.com on Tuesday, March 21, 2017:

As it continues to wrestle with declining oil prices worldwide, Saudi Arabia, the de facto head of the OPEC oil cartel, is giving up ground. It said a week ago that it would not allow any “free riders” to enjoy higher oil prices if they rose due to Saudi’s singular attempt to keep them up. A week later it was reported that the kingdom cut its production by 800,000 barrels per day, 60 percent below its agreement. So much for disclaimers against those “free riders” who continue to violate the agreement by exceeding their quotas.

Now comes news that the kingdom’s exports to the United States for the week ended March 10

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OPEC: A Lesson in Why Cartels Fail

This article was published by The McAlvany Intelligence Advisor on Wednesday, March 15, 2017:

OPEC countries

OPEC countries

Every cartel comes together when individual members think they can obtain a greater economic benefit working together than they can alone. Every cartel breaks apart when members think they can do better alone. If a cartel is sanctioned by a government, it becomes a monopoly.

Since 1960, OPEC has largely stayed together with the collusion of governments and Big Oil interests around the world. But the fracking revolution, operating in the free market, is blowing up the model. Specifically,

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Drop in Crude Oil Prices Threatens OPEC and Its Production Cut Deal

This article appeared online at TheNewAmerican.com on Tuesday, March 14, 2017:  

A report released on Tuesday from OPEC indicated just how phony and ineffective is its highly touted production cut “agreement” the cartel managed to lash together among its members and nonmembers last fall. The agreement was designed to remove some 1.8 million barrels a day (mbd) from worldwide production — enough, it was hoped, to drive crude oil prices higher. Before the agreement OPEC was producing 32.5 mbd. Tuesday’s report indicated that the agreement has reduced daily production to — ready? — 31.96 mbd.

The agreement was destined to fail from the beginning. First,

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Crude Oil Price Plummets, Catching OPEC by Surprise

This article appeared online at TheNewAmerican.com on Thursday, March 9, 2017:

Wednesday’s crude oil price drop caught hedge fund managers, big money investors, day traders, and OPEC by surprise, with the sell-off, the biggest one-day drop in 13 months, continuing into Thursday. The five-percent drop on Wednesday pushed crude oil down to $50 a barrel, with Thursday witnessing a further drop to $49. Early Tuesday morning crude was selling at $54 a barrel.

The sell-off started with the announcement on Tuesday by the American Petroleum Institute (API) that

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Another Way to Fund Trump’s Wall: Interdict Drug Cartels’ Cash Flowing Into Mexico

This article appeared online at TheNewAmerican.com on Tuesday, February 28, 2017:

United States Border Patrol Dodge Ram at a che...

United States Border Patrol Dodge Ram at a checkpoint near Tucson, Arizona.

With the announcement by the Department of Homeland Security (DHS) on Tuesday that sites have already been selected to start building the wall across the country’s southern border came increased concerns about how it was going to be paid for. Said the DHS:

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OPEC’s Influence Wanes as Members Cheat on Production Cuts

This article appeared online at TheNewAmerican.com on Monday, February 13, 2017:

OPEC’s report on how its members are complying with the production-cut agreement hammered out last fall came out on Monday. As expected, it reported cheating among its members.

Per the November 30 agreement, members allegedly agreed to cut production to 32.5 million bpd (barrels per day) of crude. Iraq, Venezuela, Angola, and Algeria cut their production modestly but less than they agreed, while Nigeria, Libya, and Iran produced more. Because Nigeria and Libya are exempt from the production cuts, Saudi Arabia, Kuwait, and UAE (United Arab Emirates) were forced to over-comply. The total produced by the cartel in January came in just below the target of 32.5 million bpd at 32.1 bpd.

Accompanying the report was a statement that crude oil price “gains were capped by increased drilling activity in the US.”

Those crude oil prices are likely to continue to drop despite OPEC’s best efforts to force them higher. The headwinds the cartel faces are monumental:

First, U.S. rig counts jumped to 591 last week, the highest since October 23, 2015 and an increase of 114 since the OPEC agreement.

 

Second, the Department of Energy announced it will be reducing the U.S. strategic oil reserve later this month through the sale of 10 million barrels.

 

Third, crude oil inventories jumped by nearly 14 million barrels last week, bringing the stockpile of private oil inventories close to an 80-year record level at 508 million barrels.

 

In addition, U.S. oil and gas companies are raising new money through Wall Street equity offerings at rates not seen since at least the year 2000. In January alone, 13 different offerings raised $6.64 billion. And they are using that new money not only to develop existing oil fields, but to acquire additional reserves through mergers and acquisitions (M&A). Last year, M&A activity totaled $24 billion. For 2017, oil and gas companies have already invested half that much and it’s only February.

All of this illustrates the decreasing influence of OPEC in directing the price of crude oil on the world market. Aside from the cheaters, OPEC is also faced with other forces over which it has no control, mostly in the oil industry of the United States.

Trump Showed His Hand to Mexican President Nieto, via Twitter

This article was published by The McAlvany Intelligence Advisor on Monday, January 30, 2017:

Poker Rule No. 65 is “Don’t Show Your Hand:”

The problem with showing cards when you have them is that people then assume that the next time you don’t show them you don’t have them. And when you want them to think you have them the next time you feel obligated to show your hand again. If you start showing people your cards all the time, they are going to figure out the way you play long before you figure out the way they play.

If one player is Donald Trump, you don’t allow the media to see your hand either, especially since they will do everything in their power to expose his hand, disrupt the game and make Trump look like a fool.

The flurry of tweets last week taught Trump that lesson.

Following issuance of his executive order to start building the wall along the US’ southern border, Trump tweeted:

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ATF Elimination Act Re-introduced in the House

This article appeared online at TheNewAmerican.com on Friday, January 20, 2017:

Bureau of Alcohol, Tobacco, Firearms and Explo...

Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) headquarters in Washington, D.C.

In re-introducing the ATF Elimination Act on Thursday, January 12, Representative Jim Sensenbrenner (R-Wis.) explained one of the primary reasons why: “The ATF is a scandal-ridden, largely duplicative agency that has been branded by failure and lacks a clear mission. It is plagued by backlogs, funding gaps, hiring challenges, and a lack of leadership.”

Not once did he explain the real reason the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF for short) should be eliminated:

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OPEC Claims That U.S. Shale Producers Won’t Threaten Its Efforts to Raise Crude Oil Prices

This article appeared online at TheNewAmerican.com on Wednesday, January 18, 2017:

English: Montage for the Davos article on Wiki...

Montage of Davos photographs

Speaking at the elites’ conference in Davos earlier this week, Saudi Arabia’s oil minister, Khalid al-Falih, erred when he said that U.S. oil shale producers weren’t a threat to OPEC’s plans to raise crude oil prices by cutting its production. He said that U.S. oil producers “will find they need higher prices” because existing fields (Permian, Bakken, etc.) are being exhausted, and because the costs of lifting new production are going up, thanks to U.S. “inflation on [in] the cost of doing business.”

The minister then engaged in straight-line thinking in a variable world and predicted that

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Another Setback for Big Taxi: Uber, Lyft OK’d to Serve Atlanta Airport

This article appeared online at TheNewAmerican.com on Monday, January 2, 2017:  

Following months of negotiations with Uber, Lyft and other ride-sharing (e-hailing) companies, the city of Atlanta, which owns and operates the Hartsfield-Jackson Atlanta International Airport (shown), is allowing them to serve passengers effective on Sunday, January 1, 2017.

They have been serving them for months despite restrictions, but those rules were rarely enforced. Now it’s legal.

But not without costs. First,

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OPEC Agreement to Limit Production Boosts Crude Price 11 Percent

This article appeared online at TheNewAmerican.com on Thursday, December 1, 2016:

Coat of Arms of Saudi Arabia

Coat of Arms of Saudi Arabia

The global price of crude oil jumped more than 11 percent since OPEC announced on Wednesday its first agreement to limit production by the cartel since 2008. There are many moving parts to the agreement — perhaps too many.

First, the cartel’s de facto leader, Saudi Arabia, has promised to

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OPEC to Meet in Vienna Wednesday to Plan Production Cuts

This article appeared online at TheNewAmerican.com on Friday, November 25, 2016: 

Oil ministers from the 14 oil producing countries that make up the OPEC cartel are arriving in Vienna to prepare for their formal gathering there next Wednesday. The meeting is supposed to finalize a tentative agreement reached in September that would put a cap on the cartel’s production in an effort to raise the price of a barrel of crude oil. A sufficient rise would reduce the pain currently being inflicted on those members as the decision to keep pumping in November 2014 has bitten them — some of them badly.

Saudi Arabia was forced last month to

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.