US oil report seen supporting Ir... JPost - Iranian Threat - News

US oil report seen supporting Ir... JPost - Iranian Threat - News: "The sanctions aim to choke funding to Tehran's nuclear program by stopping oil transactions with Iran's Central Bank. The West contends Iran is trying to build a nuclear weapon, while Tehran says the program is strictly for civilian purposes.

The EIA may have given a preview of Friday's report earlier this month in a weekly paper that said new global outages have emerged even though some outages in the first two months of the year have eased.

An outage in Iraq caused by a dispute between the Kurdish regional government and Baghdad has pushed production down about 100,000 bpd, and the worsening situation in Sudan has cut output deeper there in the past two months."

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Paul Krugman Thinks Obama’s Still Screwing Up | TPMDC

Paul Krugman Thinks Obama’s Still Screwing Up | TPMDC: " Romney can go around saying, ‘The economy is still lousy,’ which is true,” Krugman said. “And the fact that Obama has never made a really clear case for his own economic leadership hurts. Now, I still think Obama will probably win, because there are other issues, but they have created a trap for themselves on the economic policy front by allowing themselves to own a weak economy in a way that they shouldn’t, because a lot of the problem has been tortured opposition from the Republicans.”

The White House’s narrative developed amid strong political headwinds. Pressure not only from Republicans but many Democrats and even administration officials, along with a broad establishment consensus, compelled Obama to pivot to deficit-reduction, after the Democrats’ 2010 congressional losses and in the face of an exploding national debt."

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