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YOU CAN BET ON IT

Today, gambling....the casino kind and more.  But first, a few more things about petroleum, my feature yesterday:  Iran warns oil could hit $200 as it fires on merchant ships . WTI Crude Oil dropped from $110/barrel ( price just before the market re-opened on Monday ) to $82/barrel yesterday, but increased to $87/barrel today. The stabilization occurred because Donald Trump said this would be a short war, plus the International Agency recommended the release of 400 million barrels from global strategic reserves.  Note that the world roughly produces 106 million barrels of oil/day, and the USA is #1 with 13.6 million barrels/day.  Amazingly enough, North America is the largest oil-producing region, with over 31 million barrels/day. The world strategic petroleum reserve holds over 2 billion barrels, of which 20% will be released.  The USA has 415 million barrels in Gulf Coast salt caverns, which are designed to hold 714 million barrels.   President Trump...