Energy & Commodities
Irina Slav of OilPrice.com comments on the increased tension between Saudi Arabia and Iran.
When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a brewing price war between Saudi Arabia and Iran…. CLICK for complete article

We have long known that the price of cloud storage services like Dropbox, Google Drive and Microsoft OneDrive have been getting cheaper over time. Yesterday’s launch of Google One in the U.S. dropped the price for Google storage even further, cutting the cost per terabyte per month in half, driving this point home even more clearly…. CLICK for complete article

Hedge funds have gained an almost mythical status in the investment world over the past two decades. Estimates suggest there are more than 15,000 hedge funds controlling nearly $4 trillion in managed assets, managing everything from stocks, derivatives, and currencies to land and real estate.
And now you can add cryptocurrencies to that growing list…. CLICK for complete article

Two often-cited suspects are axed. So where’s the “secured” funding supposed to come from?
The whole scheme kicked off when Tesla CEO Elon Musk tweeted during trading hours that he was “considering” taking Tesla private, “Funding secured,” which caused the already ludicrously overvalued shares to spike. Later he added, “Investor support is confirmed.” But no details, no names, no tidbits, not even a tease. Two days earlier, he’d tweeted that “even Hitler was shorting Tesla stock.” CLICK for complete article

Into the 29th year as independent states, Lithuania, Latvia and Estonia still have not managed to ride themselves of Russia in one key area: the transmitting of electricity.
Although the Baltic States have, in recent years, ended their electricity isolation by building new power cables with Finland, Poland and Sweden, for historical reasons, their electricity grid is still operated in a synchronous mode with the Russian and Belarusian system, commonly known as the BRELL ring…. CLICK for complete article
