Oil has fallen! For the Tuesday, June 17, 2025 report, I want to examine two shocks that took place in the 1970’s for exposition of me heterodox economic principles, that lead towards technical principles.
As a safety measure, we place the modulations of the oil market in culinary terms. The consommé forms the base of soup. It is stock that is flavoured, broth created from strained, clarified egg whites. Soups fall into two categories: clear or thick. After the meat is julienned and the consommé poured over it, the clarified meal should be served at once. One man, when asked whether he would like to be drawn- and-quartered, or hung, replied, “I should take milk-soup.” The soup, when served occupies this secondary state.
The ’73 embargo (OPEC) was the clarification of the oil market, the bottlenecking of supply imposed by the Gulf nations. For consumers, this was like walking into a restaurant, ordering a bit of white wine, and telling the server, “bring me red wine or I drink it from your throat.”
The opacity of the ’78-79 oil shock was gelatinous, containing revolutionary marrow, post-capitol finding a nexus, concentrating it on exporting speech. Specifying the linearities is cold, technical, a bit ascetic.
As of June ’24, crude oil exports have fallen to around $74 a barrel.
Insurance brokers have found third-party liabilities cover the cost of tankers worth over $100mm from $125,000 to $200,000. Diplomatic ties should form the basis for an effective aesthetic, watching the dollar fluctuate.
Tell this to your server at the Italian BYOB: “Merzbow, dirty patch-cable noise production is first auto-erotic and after, pedagogical and comedic. That we will do the sort of ‘dirty work, for all of us,’ is Oedipal, desire-in-the-material-world, being exactly as we observe.”
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