Fracking the Saudi Kingdom, Cash Needed to Survive

When the price of oil at the barrel hovers in the range of $50.00, oil rich nations start to see red on the balance sheets due in part to U.S. fracking.

This too is a reason that Russia and Saudi Arabia are making some desperate decisions. While Russia has no intention of altering internal operations with regard to employment and consumption, the Saudi Kingdom has countless moving parts under consideration for a long term survival strategy especially with a rather new leadership in the order of Princes.

Anyone Paying Attention to Wilbur Ross, Commerce Sec?

What is Wilbur Ross worth? The answer is a slippery one when you ask Wilbur to respond. There is a dispute when it comes to his financials in the ranger of a billion or two. Further, where did his wealth come from you ask? Well there were allegedly family trusts, hotels, shipping companies, steel, banking in Cyprus and even those Rothschilds. More here from Forbes.

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Wilbur Ross’ company has been moving LPG for a Russian gas giant.

California: 200,000 Acres and Epic Homelessness

Just how more twisted can it all get in California? Anyone heard from Ryan Zinke, Secretary of the Interior lately?

AP: Homelessness is not a new issue to America’s West Coast. But it’s getting worse – much worse.

On any given night, more than 105,000 people are sleeping unsheltered in some of the country’s biggest and trendiest metropolises, driven there by soaring housing costs, rental vacancy rates that rival those in Manhattan and a booming tech economy that’s leaving thousands behind. Another 63,000 are sleeping in shelters or transitional housing with no safety net.