As of the week ending June 12, 2026, the US Strategic Petroleum Reserve (SPR) held approximately 340.25 million barrels of crude oil… Sounds like a lot, but it is approaching the danger zone. In late May, that number was 372 million barrels, which consisted of Sweet crude: ~142 MMB | Sour crude: ~230 MMB, according to the US Department of Energy.
Economics
Dr. Wolfgang Streeck: “We Are Being Governed by An Oligarchy”
Financialisation was a way to defend capitalist society against its self-undermining tendencies. Read here
Corruption
Larry C. Johnson: Who Else, Besides Pete Hegseth, is Trying to Use the War in Iran to Get Rich?
Looks like Pete Hegseth tried to make a financial killing off of the war of aggression the US launched against Iran on 28 February 2026. According to the Financial Times: Continue Read Article HERE
EU politics
Adam Tooze: Who is going to vote for Italy’s right-wing coalition?
A breakdown of the demographics of Italians’ electoral preferences before Sunday’s election. Read the article HERE.
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