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Wednesday, April 29, 2026

WTI Surges Seven Percent Overnight / Midday -- April 29, 2026

Locator: 50665WTI.

An aside: most dissents in his tenure today (need to fact check) but no way was Jay Powell going to give Trump a rate cut. We'll get rate cuts "in spades" as my dad used to say, before the end of the year. If not, a recession.  

The blockade / price of oil: at some point Trump might get the European attention he wants / would have appreciated six weeks ago.

We would never have gotten to this point had it been an allied effort from the beginning.  Iran may never have backed away from nuclear, but they would have thought twice about blockading the strait. 

It didn't / doesn't help the "support" the Iranians feel they are getting from Americans on social media. The Iranian mantra: "if we can only hold out for a few more weeks." 

Every day the strait remains closed, the more irrelevant Qatar (LNG) and Saudi Arabia (oil) become.


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The Music Page

I still can't believe The New York Times included Lana Del Rey among the top 30 living songwriters. Wouldn't it have been a hoot had they included Joan Baez?

Wow, what incredible voices. From 2019.  

 Link here.