Monday, April 3, 2023

The Good, The Bad, And The Ugly

 

The good:

Justice Department and FBI investigators have amassed fresh evidence pointing to possible obstruction by former president Donald Trump in the investigation into top-secret documents found at his Mar-a-Lago home, according to people familiar with the matter.

The additional evidence comes as investigators have used emails and text messages from a former Trump aide to help understand key moments last year, said the people, who like others interviewed for this article spoke on the condition of anonymity to discuss an ongoing criminal investigation.

The new details highlight the degree to which special counsel Jack Smith’s investigation into the potential mishandling of hundreds of classified national security papers at Trump’s Florida home and private club has come to focus on the obstruction elements of the case — whether the former president took or directed actions to impede government efforts to collect all the sensitive records.

The emphasis on obstruction marks a key distinction so far between the Mar-a-Lago investigation and a separate Justice Department probe into how a much smaller number of classified documents ended up in an insecure office of President Biden’s, as well as his Delaware home. The Trump investigation is much further along than the Biden probe, which began in November and is being overseen by a different special counsel, Robert K. Hur. Biden’s lawyers say they have quickly handed over all classified documents found in Biden’s possession...

Time's running short.

The bad:

Donald Trump has told advisers and associates in recent days that he is prepared to escalate attacks against the Manhattan prosecutor who resurrected the criminal prosecution into his hush money payments to adult film star Stormy Daniels in 2016 now that a grand jury has indicted him.

The former president has vowed to people close to him that he wants to go on the offensive and – in a private moment over the weekend at his Mar-a-Lago resort in Florida that demonstrates his gathering resolve – remarked using more colorful language that it was time to politically “rough ’em up”.

Trump had already signaled that he would go after the Manhattan district attorney, Alvin Bragg, weeks before the grand jury handed up an indictment against him on Thursday, saying in pugilistic posts on Truth Social that the prosecution was purely political and accusing Bragg of being a psychopath.

But the latest charged language reflects Trump’s determination to double down on those attacks as he returns to his time-tested playbook of brawling with prosecutors, especially when faced with legal trouble that he knows he cannot avoid, people close to him said...

Slap a gag order on the SOB and then see how mouthy he is.

The ugly:

Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable.

The pledges bring the total volume of cuts by OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, to 3.66 million bpd according to Reuters calculations, equal to 3.7% of global demand.

Sunday's development comes a day before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia, and which had been expected to stick to 2 million bpd of cuts already in place until the end of 2023.

Oil prices last month fell towards $70 a barrel, the lowest in 15 months, on concern that a global banking crisis would hit demand. Still, further action by OPEC+ to support the market was not expected after sources downplayed this prospect and crude recovered towards $80.

The latest reductions could lift oil prices by $10 per barrel, the head of investment firm Pickering Energy Partners said on Sunday, while oil broker PVM said it expected an immediate jump once trading starts after the weekend...

MBS and the Russians acting in concert again to undercut American and Western economies. They belong in the same enemies bucket as far as the US should be concerned.