This article was originally published by Michael Snyder at The Economic Collapse Blog under the title: The World Is Approaching “Tank Bottoms” As Experts Warn That Very Painful Oil Shortages Are Ahead This Summer Without sufficient quantities of oil, the global economy will not be able to operate normally. So the fact that the global economy is running a massive “oil deficit” right now should deeply alarm all of us. Ever since the war with Iran began, the world has been consuming far more oil than it has been producing. We have been running down commercial oil inventories and strategic oil reserves all over the planet, and now those supplies are starting to run dry. In the not-too-distant future, global demand for oil will substantially exceed what is available, and that will mean much higher prices and very painful shortages. Asia will be hit the hardest because they are more dependent on oil from the Middle East than anyone else, but we will certainly feel this crisis very keenly as well. According to the International Energy Agency, global oil stocks are being depleted at a record pace, and they could reach “critical levels” by the middle of the summer… Global oil…

Major League Baseball had Rivalry Week a few weeks back. However, this weekend is the one where we get the most commonly thought of rivalry in baseball. Two of the most historic franchises square off as we have the Boston Red Sox taking on the New York Yankees.Rumors have it that the Boston Red Sox are expecting to make a push for a playoff spot. We aren’t quite at that point where they need to make a decision about their roster, but it wouldn’t surprise me to see them make an early splash if they do plan to add to their team.They have a losing record for the season, and I’m not sure this is the division that they can afford to be bad for too long. Everyone in the division considers themselves a contender and has a legitimate chance to make the playoffs — or at least did before the season started.CLICK HERE FOR MORE OUTKICK SPORTS COVERAGE Tonight, Boston sends out one of their major offseason acquisitions, Ranger Suarez. For the season, Suarez is 2-3 with a 3.38 ERA and a 1.16 WHIP. I have to imagine the team is pretty happy with his performance overall. On the…

NEWYou can now listen to Fox News articles! The family of James “Weston” Higginbotham, a 20-year-old Auburn University student who vanished during a family vacation in Japan in late May, confirmed Saturday that he has been found dead.In a statement on Facebook Saturday morning, Higginbotham’s mother, Nancy, revealed that her son’s body was discovered by a volunteer search-and-rescue group in a mountainous area outside of Kyoto.”Our family is heartbroken,” Nancy Higginbotham wrote in the post. “… The grief we feel is impossible to put into words.” The family expressed their deep gratitude to the people across the U.S., Japan and the globe who offered prayers and assisted in the search efforts.”The outpouring of kindness and support has carried us through the darkest days of our lives,” she said, pleading for privacy as the family begins to navigate the loss.”We are forever grateful for the time we had with our sweet, precious Weston, but cannot begin to understand what life without him will be like,” his mother wrote. “… Thank you for your thoughts, prayers and support. We will need them now more than ever. We will always love you, Weston.”The update comes after a massive, multinational search. The 20-year-old hiker was…

The idealized concept immediately took root and blossomed: the Royal Air Force saved Britain from invasion in 1940. The conventional wisdom holds that Prime Minister Winston Churchill’s legendary “few” handed Nazi Germany its first defeat in World War II and paved the road to eventual victory. But was it true? In this poster, a German bomber is shot down by a British fighter during the Battle of Britain. Image: NARA After eight decades, it’s time for some objectivity about this admittedly heroic stand. When Germany invaded Poland in September 1939, the Western allies joined in a belated effort to counter Adolf Hitler’s avarice. The months-long “phony war” turned chillingly real in May 1940 when the Wehrmacht unleashed the Blitzkrieg that swallowed Western Europe, leaving Britain to face the all-conquering Third Reich alone. After a short interval in which Hitler expected London to accede to his demands, the Battle of Britain began with persistent Luftwaffe attacks from July onward. Before the Battle Britain had fought an aerial battle in home skies during World War I, soundly defeating Germany’s Zeppelins and heavy bombers. Then the years preceding World War II stirred a mixture of techniques and technologies that proved crucial in 1940. They…

NEWYou can now listen to Fox News articles! A seasonal National Park Service mountaineering ranger died Thursday afternoon after falling into a crevasse on Mount McKinley, marking the latest deadly incident on the treacherous Alaskan peak.The ranger has been identified as Robin Pendery, of Enumclaw, Washington, according to a statement from the National Park Service (NPS).Agency officials said Pendery was conducting a climbing patrol when she suffered a fatal fall near the mountain’s 14,000-foot camp at about 2 p.m. local time.TRAGEDY STRIKES AT POPULAR NATIONAL PARK AS CLIMBER MEETS FATAL END ON MOUNTAIN Pendery was actively helping to run the operations at the 14,200-foot camp alongside another ranger, according to a previous park update.NPS personnel launched an immediate rescue effort, but Pendery did not survive the fall. Authorities said the exact circumstances of the fatal fall are under investigation. FIVE HELICOPTERS NEEDED TO SAVE INJURED SOLO CLIMBER ON CALIFORNIA’S SECOND-HIGHEST PEAK”We are heartbroken by the loss of a member of our Denali family,” Denali National Park superintendent Brooke Merrell wrote in a statement. “Our mountaineering rangers dedicate themselves to serving visitors and helping others in one of the most challenging environments in the world. Today, we mourn the loss of a…

We get Saturday Screencaps rolling this morning with the sun shining, the birds chirping, the humidity rising and that smell of summer in the air. I can’t stop thinking about those road trips. Those golf scrambles where your phone magically doesn’t work for 4 1/2 glorious hours. No work calls. No Zooms. Just one with nature.That’s what Danica Patrick is up to on this Saturday morning. From the look of things, she took off for Italy where she’s on a yacht doing what people do on yachts. No work calls. No late-Friday Slack messages to address. She’s just out there living life after making a boatload of money in her career. This is how you celebrate summer. Bikinis. Shrimp buffets (or whatever seafood she’s eating). Late-night DJ sets in some Italian coastal city. Great wine. Bottomless mimosas. Sun. Surf.ZERO BS. JUST DAKICH. TAKE THE DON’T @ ME PODCAST ON THE ROAD. DOWNLOAD NOW!Personally, I’m going to celebrate summer this weekend by making good on my wedding anniversary promise to Mrs. Screencaps that we’ll go to one of our favorite stores — a local rock store — to pick out decorative rocks for her garden. Then, I’ll probably sit by the…

NEWYou can now listen to Fox News articles! Las Vegas Raiders star Maxx Crosby told Fox News Digital he plans on attending the UFC fight at the White House on June 14 to celebrate America’s 250th anniversary.”I’ve never been to the White House,” Crosby said. “I’m excited, I like history…”It’s incredible that we all have an opportunity to celebrate our country and just be part of a historic event… we live in the greatest country in the world and it should be celebrated.” For Crosby, as a highly successful NFL star, the celebration represents an opportunity to recognize the freedoms and opportunities he appreciates most as an American.”You have an opportunity every day to chase your passion,” Crosby said. “Everyone comes from different backgrounds, but in this country you have a choice every day to chase what you love and what you aspire to do. People don’t say the American Dream for no reason. It’s the greatest country because it’s opportunity. It’s a land of opportunity.”Crosby also revealed who he’s rooting for at the event.”I think everyone knows how much I love Justin Gaethje,” Crosby said. “Justin Gaethje is one of the greatest fighters to ever do it, and he’s…

NEWYou can now listen to Fox News articles! President Donald Trump said he wants soon-to-be acting Director of National Intelligence Bill Pulte to begin shrinking the Office of the Director of National Intelligence (ODNI) before a permanent nominee takes over — signaling a potentially aggressive effort to reduce the size of the agency responsible for coordinating the nation’s intelligence community.Trump told The Wall Street Journal that he has privately instructed Pulte to begin what he described as a broader effort to streamline ODNI, calling the office “unnecessary and/or too big” and saying he wants the acting intelligence chief to “start the process” of reducing personnel before a permanent director is confirmed.”I’d like to see it smaller. I think there are a lot of people in there that shouldn’t be there,” Trump said, pointing to holdovers from the Obama and Biden administrations.Asked whether he wants Pulte to fire employees, Trump said he wants the acting intelligence chief to “start the process,” adding that his eventual nominee to permanently lead the office should continue that work.TRUMP NAMES BILL PULTE ACTING DIRECTOR OF NATIONAL INTELLIGENCE Director of National Intelligence Tulsi Gabbard abruptly announced her resignation May 22, effective June 30, citing her husband’s…

NEWYou can now listen to Fox News articles! An 86-year-old West Virginia woman who long dreamed of seeing a Taco Bell open in her hometown recently got to cross the grand opening off her bucket list after wondering whether she would live long enough to see it happen.The ‘Taco Bell Queen’, said she had hoped for years that the town, a suburb of Charleston, would get its own location. “I was always wanting a Taco Bell here in this little town of Sissonville,” Monk said. When her son told her the restaurant was finally coming, Monk mentioned she was thrilled. “My son…had been working trying to get one,” she said. “He [came] to me one day and he said, ‘Mom, I finally got them to come. They’re coming. They are going to be here for you.’” But around the same time, Monk received devastating news. After coming down with a virus and visiting her doctor, she said medical tests revealed that she had stage 4 cancer. Monk said doctors told her she had a few months to live.104-YEAR-OLD WOMAN CELEBRATES BIRTHDAY BY FULFILLING MOST UNUSUAL WISH”Out of nowhere, we found out that I had stage 4 cancer,” she said.As construction continued…

NEWYou can now listen to Fox News articles! Former Cuban leader Raúl Castro made his first public appearance Friday since the Trump administration charged him with murder over the 1996 shoot-down of planes operated by a Cuban exile group.Castro appeared on state television during an Interior Ministry celebration in Havana, according to Reuters.The appearance came weeks after the Department of Justice unsealed an indictment accusing Castro of playing a role in the downing of two aircraft operated by the Miami-based exile organization Brothers to the Rescue nearly 30 years ago.Castro was charged with conspiracy to kill U.S. nationals, destruction of aircraft and four counts of murder.DOJ, TREASURY INVESTIGATE NONPROFITS AND LEADERS ALLEGEDLY COORDINATING WITH CUBA IN INFLUENCE CAMPAIGN Castro, who turned 95 on Wednesday, was last seen publicly during May Day celebrations in Havana, days before the indictment was unsealed.Prior to his May Day appearance, Castro had remained out of public view for months, appearing only at a public ceremony in Cuba’s capital in January honoring 32 Cuban soldiers killed during the U.S. military operation that led to the capture of Venezuelan President Nicolás Maduro.The indictment centers on a February 1996 incident in which Cuban military aircraft allegedly shot down…