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Oil drops 1% as Egypt confirms new reserves

Crude oil fell by 1% on Wednesday after Egypt’s Petroleum Ministry confirmed it found around 8 million barrels in oil reserves in the East Crystal-1 well in the Gulf of Suez. The well will be exploited by the Gulf of Suez Petroleum Company and is expected to produce around 5,000 barrels per day. Meanwhile, the crude oil inventories in the United States reportedly grew by 2.86 million barrels in the week ending January 24.

The West Texas Intermediate for deliveries in March lost 1.04% at 6:04 am ET and sold for $72.97 per barrel, while Brent for March settlements declined by 1.14% a minute later, going for $76.62 per barrel.

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Microsoft DeepSeekGroup Hacked OpenAI Data

Microsoft Corp. and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorized manner by a group linked to Chinese artificial intelligence startup DeepSeek, according to people familiar with the matter. Microsoft’s security researchers in the fall observed individuals they believe may be linked to DeepSeek exfiltrating a large amount of data using the OpenAI application programming interface, or API, said the people, who asked not to be identified because the matter is confidential. Software developers can pay for a license to use the API to integrate OpenAI’s proprietary artificial intelligence models into their own applications.Microsoft, an OpenAI technology partner and its largest investor, notified OpenAI of the activity, the people said. Such activity could violate OpenAI’s terms of service or could indicate the group acted to remove OpenAI’s restrictions on how much data they could obtain, the people said. DeepSeek earlier this month released a new open-source artificial intelligence model called R1 that can mimic the way humans reason, upending a market dominated by OpenAI and US rivals such as Google and Meta Platforms Inc. The Chinese upstart said R1 rivaled or outperformed leading US developers’ products on a range of industry benchmarks, including for mathematical tasks and general knowledge — and was built for a fraction of the cost. The potential threat to the US firms’ edge in the industry sent technology stocks tied to AI, including Microsoft, Nvidia Corp., Oracle Corp. and Google parent Alphabet Inc., tumbling on Monday, erasing a total of almost $1 trillion in market value. OpenAI didn’t respond to a request for comment, an Microsoft declined to comment. DeepSeek and hedge fund High-Flyer, where DeepSeek was started, didn’t immediately respond to requests for comment via email. David Sacks, President Donald Trump’s artificial intelligence czar, said Tuesday there’s “substantial evidence” that DeepSeek leaned on the output of OpenAI’s models to help develop its own technology. In an interview with Fox News, Sacks described a technique called distillation whereby one AI model uses the outputs of another for training purposes to develop similar capabilities.

“There’s substantial evidence that what DeepSeek did here is they distilled knowledge out of OpenAI models and I don’t think OpenAI is very happy about this,” Sacks said, without detailing the evidence.

In a statement responding to Sacks’ comments, OpenAI didn’t directly address his comments about DeepSeek. “We know PRC based companies — and others — are constantly trying to distill the models of leading US AI companies,” an OpenAI spokesperson said in the statement, referring to the People’s Republic of China. “As the leading builder of AI, we engage in countermeasures to protect our IP, including a careful process for which frontier capabilities to include in released models, and believe as we go forward that it is critically important that we are working closely with the US government to best protect the most capable models from efforts by adversaries and competitors to take US technology.”

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API Reports Curde Oil Inventories Increasing

U.S. crude inventories increased by about 2.9 million barrels for the week ended Jan. 24, compared with a build of 1M barrels reported by the API for the previous week.

Gasoline stockpiles increased by about 1.9M barrels, while distillate inventories — the class of fuels that includes diesel and heating oil — fell by 3.8M barrels.

U.S. crude oil futures rose in post-settlement trading Tuesday that spilled over to Europe Today. Markets continued their recent drop after the American Petroleum Institute reported a increase in weekly US domestic crude stockpiles. Crude Oil WTI Futures, the U.S. benchmark, recently traded at $73.00 a barrel following the report. Brent traded around $76.70.  The official US government EIA inventory report is due Wednesday at 10:30 a.m. ET (1530 GMT).

Nick Note: We’re coming out of the winter time major demand season for crude oil.  Inventory is now increasing as refineries are starting to shut down, as the demand for heating oil is fully met and the high demand season is over.  Refineries are finishing winter time production of heating oil. And will be shutting down for spring maintenance. We are coming into the lowest crude oil demand time of the year. And are already starting to see crude oil stock climbing.

I except to see little demand increase this summer. Europe is slowing down, China’s slowing down. Under trump they’re already making plans to start reversing the flow of the US Canada pipelines increasing Alberta  oil  supply to the Midwest and upper Northern refineries. These flows were constricted under the Biden lefty liberal tree huggers fagot  WOK dopes sorry ass administration.

There’s peace in the  Baca valley as much as you can have peace in that part of the world.  The big story is that the Trump administration  is in  back door negotiations with Russia for a ceasefire with Ukraine.  Russia is eager for a deal  Because of the  promise of allowing the Russians to export oil. So that’s another inventory plus. Their are no new major oil disruptions to report anywhere in the world.  OPEC is going to have to throw trump a bone and that means they certainly will not be decreasing production. They certainly will not be holding more inventory off the market. If they want US security guarantees they will have to give in to Trump demands for them to increase production. So I see oil prices moving towards Trump administration  inflation killing  $35 WTI.

Its nice Trump is back because we can call LGBTQ Binaries FAGOTS. I have a question. Can white people use the N word again like blacks do in referring to each other?

 

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Oil Prices Fall Amid Trade Policy Concerns and Equities Rout

Oil declined amid risk-off sentiment in wider markets and a solidifying consensus that the Trump administration’s trade and foreign policy will rely more heavily on tariffs than on supply-constricting sanctions. West Texas Intermediate fell 2% to settle near $73 a barrel, tumbling alongside equities as concerns about Chinese artificial-intelligence startup DeepSeek fueled a rout in US stock markets. Adding to the headwinds, economic activity in China, the world’s largest oil importer, faltered at the start of the year and factory activity shrank.President Donald Trump unsettled markets by ordering tariffs against Colombia because of a dispute over migrants before pausing the actions after the country agreed to his conditions. He has also threatened action against China, Canada, Mexico and the European Union, while urging OPEC to help lower prices and arguing that declining oil prices could starve Russia of revenue and help halt the war in Ukraine. The moves are helping unwind price gains tied to the latest round of US restrictions against Russia, said Jon Byrne, an analyst at Strategas Securities. Market participants are realizing that “although the Trump administration won’t be able to meaningfully lower prices from drill-baby-drill they certainly won’t pursue a policy agenda which proactively raises oil prices vis-a-vis sanctions,” he said. The decline was exacerbated by algorithmic traders dumping bullish positions after futures breached the $75 price range, according to Daniel Ghali, a commodity strategist at TD Securities. Quant funds also are deleveraging amid the market decline, contributed to selling activity, he added. WTI is still marginally higher for the year, driven by cold weather and sanctions on Russian oil that are spurring refiners in Asia to snap up alternative barrels. Those purchases have left key market gauges known as timespreads flashing strength, with the nearest contracts markedly higher than the ones further along. Meanwhile, output at Iraq’s giant Rumaila oil field remains reduced by about 300,000 barrels a day after a fire last week, an official said. That was partly offset by rising production in Kazakhstan, where output hit a record of more than 2 million barrels a day on Sunday, according to a spokeswoman for the country’s energy ministry. In Russia, the Ryazan oil refinery has suspended operations after an attack by Ukrainian drones late last week, Reuters reported.

Oil Prices:

  • WTI for March delivery fell 2% to settle at $73.17 a barrel in New York.
  • Brent for March settlement was down 1.8% to $77.08 a barrel.

 

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Quantum Computing….. Will Send You Back to the Stone Ages

The gravest threat mankind faces is artificial intelligence and quantum computers

Artificial intelligence  coupled with Quantum Computers has the ability to enslave mankind. It’s a grave danger many have warned about (including Elon Musk) we are facing.  I’m afraid we’re not prepared for the coming dislocations. Our enemies will fund their take over starting with $30 trillion in stolen bitcoin. and  the Russian/Chinese are out spending out engineering everyone else. They realize that whoever possesses the ultimate quantum computer coupled with artificial intelligence and drones and thermal cameras and facial recognition and DNA sampling and laboratories using AI genetic engineering  turning bacteria into plagues will control the world

Quantum Computing….. Will Send You Back to the Stone Ages

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Vatican urges AI oversight, warns of ‘shadow of evil’

Pope on evils of AI…. PDF

The Vatican called on governments on Tuesday to carefully monitor the development of artificial intelligence (AI), citing its potential to spread misinformation and disrupt societal trust. The warning came in a new document, Antiqua et Nova, issued by the Dicasteries for the Doctrine of the Faith and Culture and Education. “Yet, as in all areas where humans are called to make decisions, the shadow of evil also looms here,” the document approved by Pope Francis read. At the same time, it emphasizes the ethical challenges of AI, describing its dual capacity for progress and harm.

“Other broader aspects of AI’s impact on the economic-financial sphere must also be carefully examined, particularly concerning the interaction between concrete reality and the digital world,” the document added just a day after world markets crashed amid fears linked to DeepSeek.

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Its Worse Then The Sum of All Fears

One of the biggest fears is that quantum cryptography could break classical encryption that underpins financial stability and the global economy. Cryptography is something that we all take for granted in everything from messaging apps to online banking. But if quantum lives up to its future promises, we could have the genuine problem of it breaking cryptography within the next decade. For example, Intelligence services equipped with quantum computers, in theory, they would be able to break 2048-bit RSA encryption in under 8 hours. In comparison, the same task would take the world’s fastest supercomputers around 300 trillion years to overcome with traditional brute-force methods. Many are warning of a modern Y2Q the Q-Day moment waiting on the near  horizon that businesses need to prepare for now. With everything from toasters to smart cities connected to the internet, the logistics of transitioning the whole world to new post-quantum algorithms that are resistant to quantum computing cyberattacks is no small feat. As end-to-end systems become more deeply interconnected, businesses must secure and safeguard their entire critical cyberinfrastructure. Unfortunately, traditional threat detection software will be incapable of going toe to toe or even identifying malicious attacks by quantum computers.

 protect yourself
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Bitcoin dips below $100K as DeepSeek stirs market

Bitcoin’s price slipped below $100,000 on Monday, down from its all-time high of nearly $110,000 earlier this month, as markets reacted to the rising prominence of Chinese AI app DeepSeek. Earlier, it was known that Chinese AI startup DeepSeek climbed to the top of Apple’s App Store rankings in the US with its flagship R1 model, shaking global tech and financial markets. Released on January 20, R1 challenges Silicon Valley’s dominance by achieving competitive performance with significantly lower costs. At 2:52 am ET, Bitcoin was down 3.26%, going for $99,207.81. At the same time, Ethereum slid 4.74%, selling for $3,078.

NN; The  Chinese Deep Six AI app (most downloaded app for 3 days running)  is an example of what the coming quantum computers can do and how disruptive they will be.  What they’re not telling you is that using some basic quantum computers the Chinese ran through the algorithms of all the other artificial intelligence startups  App’s and captured the top secret algorithms that are used to run these programs. They then built the pirated coding  into their own App Deep Six Ai  for a fraction of other Aps costs and development times. This allowed them to create a artificial intelligence module that they can sell for far less money.  Their development costs  instead of  $1.6  billion like ChatGBT they did it for for 16 million dollars.  It’s the sign of the times and what’s coming.

the gravest threat mankind faces is artificial intelligence and quantum computers

Artificial intelligence  coupled with Quantum Computers has the ability to enslave mankind. It’s a grave danger many have warned about (including Elon Musk) we are facing.  I’m afraid we’re not prepared for the coming dislocations. Our enemies will fund their take over starting with $30 trillion in stolen bitcoin. and  the Russian/Chinese are out spending out engineering everyone else. They realize that whoever possesses the ultimate quantum computer coupled with artificial intelligence and drones and thermal cameras and facial recognition and DNA sampling and laboratories turning bacteria using crisper AI driven gene splicing into plagues will control the world

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Trump Trigger a New Oil Price War

  • U.S. President Donald Trump is expected to pressure Saudi Arabia and OPEC to lower oil prices.
  • The longstanding U.S.-Saudi relationship, originally based on oil-for-security, has evolved since the shale boom.
  • Saudi Arabia needs high oil prices to balance its fiscal spending.

One thing will have become extremely clear to Saudi Arabia’s Crown Prince Mohammed bin Salman in the lead-up to Donald Trump beginning his second stint as U.S. President. This is because he wants oil prices lower. He aims to achieve this by dramatically increasing oil exploration and production at home and by pressuring OPEC and its effective leader Saudi Arabia to lower their oil prices too, however they can. Surrounding this are various carrots and sticks that are part of the usual rough and tumble of dealmaking as Trump likes to practice it. These include demands for even more investment from Saudi Arabia into the U.S. than the US$600 billion it has already pledged and Riyadh signing a relationship normalisation deal with Israel. In return, the underlying promise from the U.S. is that it will guarantee the security of Saudi Arabia in the Middle East and beyond and, by extension, the continued reign of the House of Saud across the Kingdom.  Trump has never wanted to see oil above the US$75-80 pb of Brent level. With his plans to dramatically increase U.S. production and to encourage more output from elsewhere, it is clear he wants the oil price even lower than this in his second term as president. Meanwhile, Saudi Arabia’s 2025 budget breakeven oil price is $98 pb of Brent, according to the IMF. So, there is a problem, and the problem looks remarkably like that which caused Saudi Arabia to launch the 2020 Third Oil Price War. This was also done to safeguard its oil market share so that it could ultimately steer oil prices above its budget breakeven level and secure its finances.  U.S. Secretary of State Marco Rubio last week talked with Saudi Arabia’s Crown Prince Mohammed bin Salman about “the strength of the U.S.-Saudi partnership in this time of momentous change”. However, if that change becomes momentous enough that oil prices fall too far below the Kingdom’s budget breakeven level and stay there, the Saudis may feel they have no choice but to embark on another oil price war in the not-too-distant future.

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Netanyahu reportedly to meet Trump in WH next week……. Israel’s Cohen: Trump’s Gaza relocation plan ‘makes sense’

Israeli Prime Minister Benjamin Netanyahu is set to travel to Washington next week to meet United States President Donald Trump, Walla News reported on Monday. According to the media outlet’s Israeli and American sources, the meeting primarily depends on Netanyahu’s health. If the visit takes place, the prime minister will be the first foreign leader invited to the White House since Trump’s inauguration. The move comes following a series of developments in US-Israel relations including Trump authorizing the delivery of 900-kilogram bombs to Israel and US Secretary of Defense Pete Hegseth vowing “to stand shoulder to shoulder” with the Levantine nation.

Israel’s Cohen: Trump’s Gaza relocation plan ‘makes sense’

Israeli Energy Minister Eli Cohen supported Monday US President Donald Trump’s proposal to relocate Gaza residents to neighboring countries, saying it “makes sense” as a solution. “Trump’s proposal […] tears the mask of hypocrisy from those claiming to support Palestine but refusing to accept refugees,” Cohen stated on X. Trump suggested moving Gaza’s population to nations like Egypt and Jordan, calling the region a “mess” and describing the plan as potentially temporary or long-term. He noted discussions with Jordan’s King Abdullah II and plans to raise the issue with Egyptian President Abdel Fatah El-Sisi. “We just clean out that whole thing and say, ‘You know it’s, over,'” he said on Sunday. However, the proposal was rejected by Jordan, Palestine and Egypt who warned of severe consequences. Cohen’s remarks come as thousands return to northern Gaza. At least 1.9 million people remain internally displaced in the Palestinian enclave, according to the United Nations.