Comment: something tells me Americans could come out of this lock down faster than some think. Hard to say, but if the epicenter of the US Wuhan flu is already taking these steps ... Long Island -- one wonders if AOC is also feeling the pressure to get folks back to work ..Natural gas -- who would have thought? Oil plays with major impact on natural gas. This is very, very interesting. Anyone paying attention saw it coming but I haven't seen many analysts talking about it until now, but the monthly EIA dashboards foreshadowed it all.
I'm shocked! Shocked, I say!
Iraq: feeling the pain. From The WSJ --
Under pressure from low oil prices, Iraq is seeking billions of dollars in debt relief from Kuwait and moving to bolster ties with Saudi Arabia, as the coronavirus pandemic compels Baghdad to court allies that could help it stave off an economic crisis.
Finance Minister Ali Allawi, who is also deputy prime minister and acting oil minister, said he was proposing that Kuwait delay or cancel some $3 billion that Iraq owes in reparations for the 1990-91 Gulf War, when dictator Saddam Hussein burned Kuwaiti oil fields.
Iraq stopped making payments in 2014 as it battled Islamic State militants who had seized control of a third of the country but resumed in 2018. Now, 3% of oil export revenue goes to wealthier Kuwait, which is also suffering from depressed oil prices.
“That will help our cash flow very significantly,” Mr. Allawi said. “This together with other measures would help to stabilize the situation.”
Iraq has avoided a major outbreak of the new coronavirus, with fewer than 150 deaths. But it faces an economic crisis as the pandemic further weakens demand for oil, sales of which account for more than 90% of state revenue, after a Saudi-Russian battle over market supply crashed crude prices.
Comment: this suggests to me that the US will widen the gap between itself and the rest of the world as we come out of this Wuhan flu depression.
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TCM
Now, The Wings Of Eagles, a John-Wayne-a-post-WWI-naval-aviation movie -- it starts out in Pensacola, FL. Wow, wow, wow.
One has no idea how many great memories I have of Pensacola, FL. And I've only been there maybe three days. It was all a lark. But incredibly great memories.
The automobile Maureen O'Hara drives up in the opening scenes: a 1914 Stutz Bearcat.
Which, of course, reminds me of Rota Naval Station, Spain. LOL.
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Word Of The Day
Caddie / caddy: as in someone who carries golf clubs.
From the French cadet: mid 17th century (originally Scots): from French cadet. The original term denoted a gentleman who joined the army without a commission, intending to learn the profession and follow a military career, later coming to mean ‘odd-job man’. The current sense dates from the late 18th century.
Current usage comes from 18th century Scottish, James Boswell, describing his run home after school, in Edinburgh, in the 1740s: "...past advocates, writers, Scotch Hunters, cloth-merchants, Presbyterian ministers, country lairds, captains both by land and sea, porters, chairmen and cadies."
Cadies (sic) were young men hired to do menial tasks.
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