Archive for July 2018

Tomorrow’s our 242nd birthday! In 1776, there were just 2.5 million residents of the world’s newest nation and 56 of them signed the Declaration of Independence. The oldest 7/4 parade is in Bristol, RI where they have been celebrating since 1785. There have been 27 different US flags, we will eat 150 million hot dogs…

OPEC appears to be again losing control over oil prices. Oil has been rallying despite promises of higher production from the cartel. Prices are rising due to plummeting Venezuelan production, Iranian sanctions, problems in Libya and other production crises. But the key reason is major producers like Russia and Saudi Arabia may not have enough…