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Lawsuit: Trump businesses violate US constitution

Author: 
BERNARD CONDON and MAE ANDERSON | AP
Mon, 2017-01-23
ID: 
1485228502873194900

NEW YORK: A legal watchdog group will file a lawsuit Monday alleging that President Donald Trump is violating the Constitution by allowing his businesses to accept payments from foreign governments.
Trump is violating the so-called emoluments clause in the Constitution that prohibits him from receiving money from diplomats for stays at his hotels or foreign governments for leases of office space in his buildings, according to the suit. The language in the clause is disputed by some legal scholars, setting the stage for a court fight with the White House.
White House Director of Strategic Communications Hope Hicks says that “the president has no conflicts,” and referred to arguments made by Trump lawyer Sheri Dillon at the president’s news conference earlier this month.
Dillon says the framers did not intend for the Constitution prohibition to apply to fair-value exchanges, such as paying for a hotel room or venue space at a hotel.
“No one would have thought the Constitution was written that paying your hotel bill was an emolument,” Dillon said at a news conference earlier this month.
The liberal-funded watchdog group Citizens for Responsibility and Ethics in Washington said they planned to file the lawsuit in the Southern District of New York.
CREW faces several legal hurdles, including making the case that it even has standing to bring the lawsuit.
“We have never had a president who has in a significant way accepted foreign payments.” CREW Executive Director Noah Bookbinder said. “There are a lot of issues that have to be litigated for the first time.”
Bookbinder said his group will argue that president’s violation has forced his organization to divert all it is resources to this fight rather than other issues, and therefore is harming it.
In his news conference, Trump said that he would hand over control of his company to his two adult sons. He announced several other measures in an attempt to mollify critics who contend that his financial interest as head of a global real estate company could conflict with his pursuit of the public good. He also vowed, for instance, that his company would strike no more deals abroad.
Trump also pledged to donate any profits from foreign government using his hotels to the US Treasury.
Trump has repeatedly said he is going beyond what is required of him as president to do, but his moves have been widely panned by government ethics lawyers as insufficient.
CREW is being represented in the lawsuit by two former White House chief ethics lawyers: Norman Eisen, who advised Barack Obama, and Richard Painter, who worked under George W. Bush. The two have been pushing Trump to divest from his business to avoid what they believe are unprecedented conflicts that will violate the Constitution.
Eisen and Painter are joined in the CREW lawsuit by Constitutional law scholars Erwin Chemerinsky, Laurence H. Tribe, Zephyr Teachout, and Deepak Gupta of the law firm Gupta Wessler.

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Pro Immigration Advocate to Americans: You Do A lot of Drugs, Therefore You Do Not Deserve Borders

Listen up border fags: because of your wanton proclivity for doing drugs, snorting cocaine through straws and/or inhaling crack smoke through glass pipes, you don’t get to have a country. Your borders are meaningless and you should permit any Mexican o…

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Pro Immigration Advocate to Americans: You Do A lot of Drugs, Therefore You Do Not Deserve Borders

Listen up border fags: because of your wanton proclivity for doing drugs, snorting cocaine through straws and/or inhaling crack smoke through glass pipes, you don’t get to have a country. Your borders are meaningless and you should permit any Mexican o…

The post Pro Immigration Advocate to Americans: You Do A lot of Drugs, Therefore You Do Not Deserve Borders appeared first on crude-oil.top.


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Tajik women train to shoulder work men left behind

Author: 
Akbar Borisov | AFP
Tue, 2017-01-24
ID: 
1485228478493190900

DUSHANBE, Tajikistan: Wearing blue overalls, trainee mechanic Marjona Abdulloeva carefully examines a car chassis at a government-run training center in Tajikistan, an ex-Soviet republic hit hard by the recession in Russia.
The 20-year-old hopes to be the first woman to earn a car mechanic’s diploma at the Dushanbe center, as a growing number of women seek work to help make ends meet in the socially conservative and impoverished country.
Undeterred by the social stigma of shedding their traditional home-based role, the women are stepping into jobs left vacant by menfolk, many of whom moved to Russia to find work.
“Repairing cars is considered man’s work, but I do not care what my friends think about my choice,” Abdulloeva told AFP. “The work you do should interest you. I want to make a life for myself.”

Recession
Historically heavily reliant on Russia, the Muslim-majority nation of some eight million has been hit by the two-year recession suffered by its ex-Soviet masters.
At least 860,000 Tajik citizens — the vast majority men — are working in Russia, according to Russian migration authorities, sending back good wages to provide for their families at home.
But many have been thrown out of work as Russia’s economy was hit by plunging oil prices and Western sanctions over Moscow’s actions in Ukraine.
The collapse in the Russian ruble’s value has also left a sharp dent in the money they send home.
In 2015, the amount of money transferred back to Tajikistan fell to $1.3 billion from $3.8 billion a year earlier when remittances represented nearly half of the country’s GDP, according to the Russian Central Bank.

Double stigma
To make ends meet, women have had to find new sources of income.
Women make up about 60 percent of the new enrollees at the Dushanbe training center, said its director Shukhrullo Salomov.
“Many of them choose typically male professions, successfully complete their courses and don’t look back,” he told AFP.
Even with a qualification, the job market is tough: although Tajikistan has significantly reduced poverty in the last decade, unemployment remains stubbornly high.
“Of the 130,000 young people that finish school every year, more than 60,000 enter the ranks of the unemployed,” Saimuddin Dustov, a Moscow-based Tajik analyst, told AFP.
In theory this could prompt women like Abdulloeva to head abroad too.
But they could face a double stigma if they leave the country to find work: both xenophobia, which Tajik men say they suffer abroad, but also suspicions about exactly what kind of work they are doing.
“Young women migrants often find themselves targets of (Tajik) society’s suspicion if they find work abroad, because some female migrants fall into prostitution,” said researcher Alla Kuvatova, who studies gender issues in the country.

Societal constraints
Even at home, Tajik society “doesn’t welcome” women taking up work that is usually done by men, she added.
A 2010 census, whose data was published in 2013, showed that about 1.1 million women in Tajikistan work, most of them in agriculture.
In his December address to the nation, veteran President Emomali Rakhmon summed up the sentiment, deploring that women were “more often than not doing heavy, physically taxing work.”
Rakhmon, who came to power during a ruinous five-year civil war in the country during the 1990s, called on the service industry to employ more women instead.
Taxi driving has drawn some of Tajikistan’s unemployed but few women have been able to get into the business.
“Behind the Wheel,” a 2013 award-winning short documentary film, tells the story of a Tajik woman, who quit taxi driving after repeated arguments with male clients, preferring to fix tires instead.
“Of thousands of taxi drivers in the major cities — Dushanbe, Khujand and Kulyob — probably fewer than 10 are women,” said analyst Dustov.

Handymen
Despite grim employment prospects across the board, however, many women graduates from the Dushanbe training center don’t regret their choices to attend courses.
Zarina Nabieva, who trained as a plumber, said her new skills had already helped her save money on handymen.
“We are not looking to take anyone’s place,” the 47-year-old said.
“Everything we do, we do for the well-being of ourselves and our families.”

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Mexican Protesters Seize Control Of U.S. Border Crossing In Tijuana

A couple of weeks ago we highlighted the protests that had engulfed Mexico after the finance ministry announced plans to raise gasoline prices by 20.1% starting January 1st.  While many people have looted gas stations and/or threatened to burn them down altogether, the latest protesting strategy of pissed off Mexican motorists is to seize control of border crossings with the United States and allow for a free flow of motorists into Mexico.  According to the AP, over the weekend roughly 50 protesters were able to take control of the Otay Mesa crossing that connects San Diego to Tijuana as border officials abandoned their posts.

Protesters took control of vehicle lanes at one of the busiest crossings on the U.S. border Sunday to oppose Mexican gasoline price hikes, waving through motorists into Mexico after Mexican authorities abandoned their posts.

 

Motorists headed to Mexico zipped by about 50 demonstrators at the Otay Mesa port of entry connecting San Diego and Tijuana, many of them honking to show support. The demonstrators waved signs to protest gas hikes and air other grievances against the government of Mexican President Enrique Pena Nieto.

 

Other protests closed southbound traffic for hours at the San Diego-Tijuana San Ysidro port of entry, the busiest crossing along the 2,000-mile border, and halted southbound traffic at one of two crossings in Nogales, Arizona. U.S. Customs and Border Protection and California Highway Patrol officers closed southbound Interstate 5 to block access to the San Ysidro crossing, diverting traffic several miles east to the Otay Mesa port of entry.

border

 

Despite a free flow of motorists into Mexico,  U.S. Customs and Border Protection officials confirmed that inspections were normal for all travelers entering the U.S. from Mexico.

Of course these latest protests follow reports from last week that Mexico’s drug cartels have been looting Pemex oil and gas pipelines in an effort to create their own brand new black market for petroleum products.  With a modest upfront capital investment of $5,000 – $8,000, the cartels have realized they can tap directly into state-owned gas pipelines and withdraw seemingly unlimited supplies of gasoline which they then sell along the highway at a discount to official government prices.  It’s a win-win situation whereby the drug cartels make 100% profit margins and citizens get “cheap” fuel.

The black market is booming. Several states experienced gasoline shortages at the end of last year as more thieves tapped into state-owned Petróleos Mexicanos (Pemex) pipelines. The pilfered fuel was sold to drivers hoping to save money. Pipeline theft in 2015 increased sevenfold, to more than 5,500 taps, from just 710 in 2010. Pemex attributes the company’s 12-year slide in crude production in part to the growth in illegal taps.

 

The drug cartels have turned to fuel theft as a side business worth hundreds of millions of dollars each year, and crime groups focused solely on gasoline robbery have sprung up, says Alejandro Schtulmann, president of Empra, a political-risk consulting firm in Mexico City. “You only need to invest $5,000 or $8,000 to buy some specific equipment, and the outcome of that is huge earnings.”

 

Fuel theft creates a vicious cycle: The theft increases costs for Pemex and makes the official gasoline supply more scarce, contributing to higher prices for legal consumers. Theft amounts to about $1 billion a year, says Luis Miguel Labardini, an energy consultant at Marcos y Asociados and senior adviser to Pemex’s chief financial officer in the 1990s. “If Pemex were a public company, they would be in financial trouble just because of the theft of fuel,” he says. “It’s that bad.”

Gas Looting

Of course, the biggest loser in this whole situation continues to be Enrique Peña Nieto who has basically become the least popular President in Mexico since one-party rule ended in 2000.

All this is creating headaches for Enrique Peña Nieto, whose popularity was already the lowest of any president since one-party rule ended in 2000. Peña Nieto is limited to a single term, and polls show potential candidates from his Institutional Revolutionary Party (PRI) trail populist opposition leader Andrés Manuel López Obrador in the race for the mid-2018 presidential election. López Obrador has made the jump in gasoline prices his latest rallying cry against the administration.

 

“This is definitely going to have consequences for the PRI,” says Jorge Chabat, a political scientist at the Center for Economic Research and Teaching, a university based in Mexico City. “Frankly, I don’t see any way that they can win in 2018.”

If all else fails, we hear that the tequila served in Tijuana is a very good, cheap and highly combustible alternative to gasoline.

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Mexican Protesters Seize Control Of U.S. Border Crossing In Tijuana

A couple of weeks ago we highlighted the protests that had engulfed Mexico after the finance ministry announced plans to raise gasoline prices by 20.1% starting January 1st.  While many people have looted gas stations and/or threatened to burn them down altogether, the latest protesting strategy of pissed off Mexican motorists is to seize control of border crossings with the United States and allow for a free flow of motorists into Mexico.  According to the AP, over the weekend roughly 50 protesters were able to take control of the Otay Mesa crossing that connects San Diego to Tijuana as border officials abandoned their posts.

Protesters took control of vehicle lanes at one of the busiest crossings on the U.S. border Sunday to oppose Mexican gasoline price hikes, waving through motorists into Mexico after Mexican authorities abandoned their posts.

 

Motorists headed to Mexico zipped by about 50 demonstrators at the Otay Mesa port of entry connecting San Diego and Tijuana, many of them honking to show support. The demonstrators waved signs to protest gas hikes and air other grievances against the government of Mexican President Enrique Pena Nieto.

 

Other protests closed southbound traffic for hours at the San Diego-Tijuana San Ysidro port of entry, the busiest crossing along the 2,000-mile border, and halted southbound traffic at one of two crossings in Nogales, Arizona. U.S. Customs and Border Protection and California Highway Patrol officers closed southbound Interstate 5 to block access to the San Ysidro crossing, diverting traffic several miles east to the Otay Mesa port of entry.

border

 

Despite a free flow of motorists into Mexico,  U.S. Customs and Border Protection officials confirmed that inspections were normal for all travelers entering the U.S. from Mexico.

Of course these latest protests follow reports from last week that Mexico’s drug cartels have been looting Pemex oil and gas pipelines in an effort to create their own brand new black market for petroleum products.  With a modest upfront capital investment of $5,000 – $8,000, the cartels have realized they can tap directly into state-owned gas pipelines and withdraw seemingly unlimited supplies of gasoline which they then sell along the highway at a discount to official government prices.  It’s a win-win situation whereby the drug cartels make 100% profit margins and citizens get “cheap” fuel.

The black market is booming. Several states experienced gasoline shortages at the end of last year as more thieves tapped into state-owned Petróleos Mexicanos (Pemex) pipelines. The pilfered fuel was sold to drivers hoping to save money. Pipeline theft in 2015 increased sevenfold, to more than 5,500 taps, from just 710 in 2010. Pemex attributes the company’s 12-year slide in crude production in part to the growth in illegal taps.

 

The drug cartels have turned to fuel theft as a side business worth hundreds of millions of dollars each year, and crime groups focused solely on gasoline robbery have sprung up, says Alejandro Schtulmann, president of Empra, a political-risk consulting firm in Mexico City. “You only need to invest $5,000 or $8,000 to buy some specific equipment, and the outcome of that is huge earnings.”

 

Fuel theft creates a vicious cycle: The theft increases costs for Pemex and makes the official gasoline supply more scarce, contributing to higher prices for legal consumers. Theft amounts to about $1 billion a year, says Luis Miguel Labardini, an energy consultant at Marcos y Asociados and senior adviser to Pemex’s chief financial officer in the 1990s. “If Pemex were a public company, they would be in financial trouble just because of the theft of fuel,” he says. “It’s that bad.”

Gas Looting

Of course, the biggest loser in this whole situation continues to be Enrique Peña Nieto who has basically become the least popular President in Mexico since one-party rule ended in 2000.

All this is creating headaches for Enrique Peña Nieto, whose popularity was already the lowest of any president since one-party rule ended in 2000. Peña Nieto is limited to a single term, and polls show potential candidates from his Institutional Revolutionary Party (PRI) trail populist opposition leader Andrés Manuel López Obrador in the race for the mid-2018 presidential election. López Obrador has made the jump in gasoline prices his latest rallying cry against the administration.

 

“This is definitely going to have consequences for the PRI,” says Jorge Chabat, a political scientist at the Center for Economic Research and Teaching, a university based in Mexico City. “Frankly, I don’t see any way that they can win in 2018.”

If all else fails, we hear that the tequila served in Tijuana is a very good, cheap and highly combustible alternative to gasoline.

The post Mexican Protesters Seize Control Of U.S. Border Crossing In Tijuana appeared first on crude-oil.top.


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Building a financial defense line strategically

This important topic we cover in our book Splitting Pennies is possibly THE MOST importact topic in teaching personal finance, and probably the most misleading concept peddled by Wall St. 

Let’s face it – Wall St. has a reason to mislead investors, especially retail investors – because they’re on the other side of the trade!  That’s right.  When you lose – they win.  And due to hedging, they can’t actually lose.  

The secret world of hedging – Wall St. doesn’t want you to know about because like the insurance industry, it allows investors to protect themselves.  “Options” are thought of as “Risky” which is a highly potent meme that is reinforced by the regulators:

THE RISK OF LOSS IN TRADING COMMODITY INTERESTS CAN BE SUBSTANTIAL. YOU SHOULD

THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF

YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE

SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:

IF YOU PURCHASE A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM

AND OF ALL TRANSACTION COSTS.

IF YOU PURCHASE OR SELL A COMMODITY FUTURES CONTRACT OR SELL A COMMODITY OPTION

OR ENGAGE IN OFF-EXCHANGE FOREIGN CURRENCY TRADING YOU MAY SUSTAIN A TOTAL LOSS

OF THE INITIAL MARGIN FUNDS OR SECURITY DEPOSIT AND ANY ADDITIONAL FUNDS THAT

YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE

MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO

DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN

ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUESTED FUNDS

WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU WILL

BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT.

UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO

LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A “LIMIT

MOVE.”

THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A

“STOP-LOSS” OR “STOP-LIMIT” ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE

INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE

SUCH ORDERS.

A “SPREAD” POSITION MAY NOT BE LESS RISKY THAN A SIMPLE “LONG” OR “SHORT” POSITION.

THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY INTEREST

TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO

LARGE LOSSES AS WELL AS GAINS.

IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES

FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT

ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID

DEPLETION OR EXHAUSTION OF THEIR ASSETS. THIS DISCLOSURE DOCUMENT CONTAINS A

COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE

COMMODITY TRADING ADVISOR.

THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS

OF THE COMMODITY INTEREST MARKETS. YOU SHOULD THEREFORE CAREFULLY STUDY THIS

DISCLOSURE DOCUMENT AND COMMODITY INTEREST TRADING BEFORE YOU TRADE,

INCLUDING THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT.

THIS COMMODITY TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE

TRADING ADVISOR’S NAME FROM A CLIENT FOR TRADING COMMODITY INTERESTS. YOU MUST

PLACE ALL FUNDS FOR TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES

COMMISSION MERCHANT OR RETAIL FOREIGN EXCHANGE DEALER, AS APPLICABLE.

Whoa- where do I sign?  This is an example of how regulators manipulate the presentation of options in order to mislead investors away from something which can protect them from disaster.

Financial tools like options are like any tools, they can be used like insurance, or they can be used as weapons.  Take simple construction tools.  A hammer can be used to build furniture, or destroy furniture.  A hammer can break a window, kill someone – but also it can be used for decades to build fine woodwork (if you are a craftsman).  

Building a financial defense line

This is the personal finance equivalent of hedging.  Hedging with options for example – should be used like an insurance policy.  It’s better to have it and not need it than need it and not have it.  

Your financial defense line can be a property that’s paid for cash that you can live on for the rest of your life, it could be if you are in the car business an inventory of valuable used cars, it could be a pile of gold bars.  Preppers are one group that understands this concept well – it’s the underlying ethos of prepping.  

But the majority of Americans are one paycheck away from disaster.  They ‘spend money on things they don’t need, with money they don’t have – to impress people they don’t know’

And of course, the problem with writing such an article is the paradox of education.  Those who understand this concept, are already doing it, and those who don’t understand – they don’t believe that they need to know it – they have another opinion!  Such thinking is never without punishment in the markets.  

Hedging is all about paying for something you do not need, but may need one day, should an unexpected event happen.  It’s a form of insurance.  

There’s one kind of insurance that takes this concept too far – life insurance.  But that’s a topic for another article.  Common insurance like homeowners insurance, professional insurances like directors’ liability insurance, and others; are a type of financial defense line.  For example, did you know in large class action cases where big corporations are involved in fraud – shareholders are settled financially primarily through insurance claims made by plaintiffs attorneys?  Commonly it’s thought that companies pay out these big settlements but actually, it’s mostly insurance companies.  Wall St. is a huge user of insurance, and hedging – which is why at companies like AIG, the lines between derivatives trading, opaque contracts, and insurance – was widely blurred.

But you don’t need a Wall St. bank in order to create a financial defense line, it can be as simple as investing in something for cash that you may need one day ‘just in case’ but don’t need right now, like a property, a container full of canned food – whatever it is to you.

When you HAVE the financial defense line IN PLACE – THEN and ONLY THEN can you go out into the risky market and take risks.  There’s a phenomenon that’s difficult to quantify, but the fact that you have the defense line, it seems that those investors usually don’t lose on the risks they take in the market.  The only analogy that can explain this is a Sierra Club study about bears and men carrying guns; it seems that men who hike in the mountains who carry loaded guns are almost never attacked by bears – but also they never shot any bears, which means the men must emit a pheromone that the bears can sniff.  

Practically, it’s better not to enter the market and take risks if you don’t have a defense line.  Another example is ‘investing money you can afford to lose’ – many advisors recommend investing only a percentage of a portfolio (like 5% or 10%) that if the investment is wiped out, the portfolio will remain intact.  There’s a few demographics that understand this other than preppers – Texas Oil Investors and Silicon Valley VCs.

In Oil Investing, 9 out of 10 wells may be dry, or just barely break even.  But 1 out of 10 can be a gusher – 1,000% returns, which make up for the dry and average wells.  

Average investors, even if you don’t have any retirement or pension, can build a financial defense line – it can mean getting an extra job, doing something for extra income (like selling stuff online) or applying for a research grant you always dreamt of.  It’s a myth that you need money to invest.  In fact, most startups are started with 99% persperation and 1% inspiration.  Without money though, you’ll have to put MAJOR WORK into your project to really build equity.  In a simple example of a housing project, that means doing the labor yourself which can be 60% – 70% of the costs.  In a business, it means you’ll have to do 10 jobs, instead of hiring an accountant, a webmaster, and other things.

Fortress Capital provides hedging, alternative investments, and portfolio consulting – visit www.fortresscapitalinc.com to learn more.

Hey – it’s better than sticking a crayon up your nose.  Extended warranty?  How can I lose?

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ccrudeoil2016

ccrudeoil2016. Crude Oil Joined Jan 23, 2017. Bio. Joined Jan 23, 2017. Welcome to StockTwits. Connect and collaborate with traders and investors …The post ccrudeoil2016 appeared first on crude-oil.top.