The Market, Energy, And Political Page, Part 3, T+42 -- WTI Likely To Spike To $90 -- Jamie Dimon -- September 24, 2018

WTI: today at $72+. Talk on Wall Street, next price point is $75. If "we" hit $75, then the talking head sees WTI hitting $80.

Sophia will get a new pair of shoes this week. LOL.

Later: from SeekingAlpha:

• crude oil climbs to highs of the day amid a tightening oil market and OPEC leaders signaling they would not raise production for now; Brent crude breaches $81/bbl for the first time in four years, +3% to $81.19/bbl, with WTI crude +2.4% to $72.48/bbl
• in its latest market outlook, J.P. Morgan says "a spike to $90/bbl is likely" in the coming months thanks to U.S. sanctions on Iranian oil exports, which have been falling sharply and could lead to a loss of 1.5M bbl/day from the market
• commodity traders Trafigura and Mercuria think Brent could rise to $90 by Christmas and pass $100 in early 2019, forecasting nearly 2M bbl/day of crude could be taken out of the market.
• the current bout of upward buying pressures likely will persist through to the end of the year, says PVM Oil Associates analyst Stephen Brennock, but "the oil balance in the early part of 2019 makes very bad reading for oil bulls with a sizable supply surplus penciled in by the leading energy agencies."

It should be noted that South Korea has taken no Iranian crude oil deliveries in three months. 

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Richard III

Chapter 1, first 24 pages:

• background of Richard III's father, 3rd Duke of York
• King Henry VI
• his father, Richard, had spent much of his life in France trying to save what he could for England following the huge loss of the Hundred Year's War
• was the king's lieutenant in France
• then the king's lieutenant in Ireland
• had not been paid; had been clearly played by Duke of Somerset, a very close ally of Henry VI
• Edmund Beaufort, 2nd Duke of Somerset, (1406 – 22 May 1455),

The story continues, with the birth of Richard III, 1452:
in the very year that Richard III was born, his father took direction action against Henry VI; that confrontation led to further confrontations, later to be called the War of the Roses