An F-16 pilot flying over ISIS-held territory in 2015 suffered a malfunction of his fuel system and would have been forced to bail out if it weren’t for a KC-135 Stratotanker crew that offered to escort the jet home, the Air Force said in a press release.
The KC-135 was tasked with refueling a flight of A-10s supporting ground pounders when an F-16 came for gas and declared an emergency.
“We were in the area of responsibility and were already mated with some A-10 Thunderbolt IIs that were tasked with observing and providing close-air-support for our allies on the ground,” said Capt. Nathanial Beer, 384th Air Refueling Squadron pilot. “The lead F-16 came up first and then had a pressure disconnect after about 500 pounds of fuel. We were expecting to offload about 2,500 pounds.”
After the pilot completed his checklist, it became apparent that 80 percent of his fuel supply was trapped in the tanks and couldn’t get to the engine. The pilots would have to bail out over ISIS territory or try to make it back to allied airspace.
500 pounds of fuel is very little in an F-16, so the KC-135 flew home with the fighter and topped off its gas every 15 minutes.
“The first thought I had from reading the note from the deployed location was extreme pride for the crew in how they handled the emergency,” said Lt. Col. Eric Hallberg, 384th Air Refueling Squadron commander.
“Knowing the risks to their own safety, they put the life of the F-16 pilot first and made what could’ve been an international tragedy, a feel-good news story. I’m sure they think it was not a big deal, however, that’s because they never want the glory or fame.”
The KC-135 crew returned to their planned operation once the F-16 was safely home and were able to complete all of their scheduled missions despite the detour.
WARNING: This post contains spoilers from Season 2 Episode 19.
This week, SEAL Team tackled one of the most dangerous threats to military veterans: suicide.
U.S. veterans have a higher suicide rate than civilians — and the number is staggeringly higher among female veterans. According to a 2016 study by the Department of Veterans Affairs, on average 20.8 service members commit suicide every day; of those, 16.8 were veterans and 3.8 were active duty, guardsmen, or reservists.
Since 2001, the total number of fatal casualties from Iraq and Afghanistan is 6,995.
There were more than 6000 veteran suicides each year from 2008-2016 alone.
It’s a critical threat, one that must be acknowledged and addressed — which is why it’s important that shows like SEAL Team tell their stories.
According to ‘former frogman’ and SEAL Team writer Mark Semos, the suicide in the episode ‘Medicate and Isolate’ was inspired by the death of a real U.S. Navy SEAL.
[instagram https://www.instagram.com/p/Bwr-5VXnzA3/ expand=1]Mark Semos on Instagram: “For those of you who tuned into last night’s episode of @sealteamcbs: Brett Swann’s character was based on Ryan Larkin, a former SEAL who…”
In the episode, Brett Swann (played perfectly by Tony Curran) struggles with many issues that are common among veterans — and he’s lucky enough to have a buddy helping him navigate the labyrinth of the VA system: long waits, over-taxed doctors, and confusing procedures are among the basics of what can be expected.
Swann is certain he has an undiagnosed TBI (traumatic brain injury) but the VA doctor is unable to treat it because there’s no proof that it is service-connected. A 45-minute episode isn’t long enough to get into the details of Swann’s options, so the writers deftly cut to the finish: Swann wasn’t going to get the treatment he desperately needed. Certainly not right away.
I can’t communicate strongly enough how disorienting and discouraging it is to finally seek help only to be turned away, especially for veterans, who were trained by the military to “suck it up.”
Some get lucky and find advocates (I highly recommend the DAV, a non-profit that, among other initiatives, helps veterans with disability claims), some patiently wade through the murky system, but others…
…well, it’s becoming painfully clear that others give up hope.
[instagram https://www.instagram.com/p/Bwp5pE8n0L0/ expand=1]Tyler Grey on Instagram: “It’s hard to promote tonight’s episode as it’s about a subject that is sadly more truth than fiction. Rather than entertain I hope that it…”
I have seen a trend where veterans are coming together to support each other, to maintain the strong community we had during service. As more and more veterans lose friends, the fear of talking about suicide is diminishing.
There is a crisis hotline: 1-800-273-8255 (or anyone in need can send a text message to 838255)
There are organizations like 22KILL, which raises awareness and combats suicide by empowering veterans, first responders, and their families through traditional and non-traditional therapies.
And there are shows and films depicting these stories, raising awareness, and removing the stigma of unseen injuries and mental health.
There are many who are wary of sending the message that veterans are all traumatized or unstable; if anything, this episode is further proof of the opposite. SEAL Team employs a lot of veterans who are professionals in the entertainment industry.
Who better to tell the story of those among us who need our help?
It took 104 years, but the Marine Corps Reserve has grown from just 35 personnel to more than 40,000. To celebrate the USMC Reserve’s August 28 birthday, here’s a look at Marine heritage and culture.
USMC-R History and Origins
The Marines’ reserve component dates back to the Civil War when military and civilian readers recognized a need for a Naval Reserve to augment the fleet during wartime.
Leading up to WWI, individual states tried to fill the need through state-controlled naval militias, but the lack of a centralized national force limited combat effectiveness.
In 1916, President Woodrow Wilson recognized the need for an operational Reserve Force, and on August 29, the USMC Reserve was born. The organization grew from just 35 Marines on April 01, 1916, to 6,467 by the time Germany surrendered in November 1918.
Reserve Marines fought on the sea and land in major battles during WWI, and as the Marine Corps began expanding its horizons during WWII, the Reserve component continued to grow. The USMC Women’s Reserve was activated in July 1942, and in 1943, the USMC WR swore in its first director, Maj. Ruth Cheney Streeter.
However, by 1947, it seems like the Marine Corps and the Reserve component were going to be disbanded. Fortunately, the Armed Forces Unification Act created the Department of Defense, which helped standardize pay for Marine Corps Reserve service members, along with creating a retirement pay program.
At the end of the military draft and the transition to an all-volunteer military in the 1970s, the USMC-R would grow to be almost 40,000 members strong.
Celebrating the USMC-R Birthday
This internal observance isn’t a widely known date or public holiday, but Reservists don’t mind. To honor and celebrate the history of the USMC Reserve on its birthday, you might consider flying the Marine Corps flag alongside the American flag this week.
Consult the Marine Corps Flag Manual to learn how to properly display a USMC-R service flag alongside the national colors. Fair warning, and in true USMC nature, this flag-flying manual is no less than 50 pages long, so be prepared for a long and thorough read.
TL;DR: The flag represents a living country and is considered a living thing. The right arm is the sword arm, and so the right is the place of honor, so the edge of the flag should be toward the staff. Flags should be displayed from sunrise to sunset. If a “patriotic effect is desired for specific occasions,” the flag can be displayed for a full 24 hours if properly illuminated during hours of darkness.
Famous USMC Reservists
Like the other branches of the military, being a part of the USMC-R can significantly impact civilian careers. For Reservists, being a Marine often means being able to also continue with life’s other passions. Take a look at the most famous Marine Reservists. You might not know they were Leathernecks, but we’re pretty sure you know their work!
After enlisting in the Reserves in 1980, Carey went on to serve a total of six years. The comedian says that he adopted his trademark crew cut and horn-rimmed glasses because of his time in service. During his time in the Reserves, Carey was always looking for new ways to make money. Someone in his unit suggested using his jokes. Of his big break in Hollywood, Carey has often remarked that he would still be serving if he hadn’t made it big.
(U.S. Air Force photo by Airman Cory W. Bush/Released)
Retired Lt. Col. Riggle served in the USMC Reserve as a PAO from 199-2013. He served in Kosovo, Liberia and Afghanistan. He joined the Marines after getting his pilot’s license with the intent of becoming a Naval Aviator but left flight school to pursue his comedy career. He has appeared on the Daily Show and had a running role on The Office.
Interested in joining the USMC Reserves?
The USMC-R is a critical component to being able to provide a balanced, ready force. There’s no telling that you’ll end up a famous comedian like Drew Caret or Rob Riggle, but chances are you’ll grow as a person and learn something in the process, too. Find out more here.
U.S. Navy SEALs — the elite Special Operations group with a name that has earned its reputation around the world. If people know the name of one elite unit, it’s probably the Navy SEALs.
U.S. Army Rangers — as old as American history itself, they have presented themselves as masters of both conventional and unconventional warfare time and time again. During the Global War on Terror (GWOT), they have evolved into a precision special operations force (SOF) and gained extensive combat experience, particularly in Afghanistan and Iraq.
Both are intensely involved in the GWOT, and both have had resounding successes and serious losses. As modern warfare continues to evolve, which one of these SOF units has delivered more impact in the War on Terror?
Navy SEALs train at the John C. Stennis Space Center in Mississippi.
(Photo by John Scorza, courtesy of U.S. Naval Special Warfare Command)
When discussing the U.S. Navy SEALs, it’s important to distinguish between the SEAL Teams and SEAL Team Six. SEAL Team Six (sometimes referred to as the Naval Special Warfare Development Group, or DEVGRU) belongs to the Joint Special Operations Command (JSOC) and is tasked with executing a broad scope of special missions that often have a direct impact on the United States’ foreign policy and national security strategy. Most notably, they were responsible for killing Usama Bin Laden in 2011.
The other SEAL teams are under the purview of the Naval Special Warfare Command (NSWC) and conduct special operations, often against terrorists and insurgents. This can be confusing since the vast majority of U.S. troops in foreign engagements from Afghanistan to Syria are fighting “terrorists,” but SEAL Team Six specializes in it.
Navy SEALs conduct operations in Afghanistan alongside Afghan partners.
(U.S. Naval Special Warfare Command)
In short, SEAL Team Six is conducting complex missions like hostage rescue; high-level, low-visibility reconnaissance; and direct-action raids against high-value targets (more in the vein of Delta Force, their Army counterpart). The other SEAL Teams have a different overall mission, though overlap does exist. The clear-stated mission on paper is to conduct maritime-based missions, but that is certainly not the end of it. Special operations units are versatile, and today’s SEALs are often training friendly foreign forces, conducting direct-action raids in and outside of large American engagements, or performing their legacy mission of carrying out maritime missions.
SEALs are currently conducting operations in war zones around the world; not all of the teams are relegated to Afghanistan and Syria. They have recently worked in the Philippines, Djibouti, Central America, and South America, to name a few places. They are not necessarily running direct-action raids in all these places. For example, conducting FID (Foreign Internal Defense) with a host nation could mean accompanying local groups on missions, or it could simply mean training them on basic infantry tactics and calling it a day.
A Navy SEAL conducts training with a SEAL Delivery Vehicle (SDV).
(U.S. Naval Special Warfare Command)
Rangers, on the other hand, are more specific when it comes to geography. You’re not going to run into a Ranger platoon in the middle of Ethiopia, and Rangers aren’t going to be the ones tasked with hostage rescue missions off the Ivory Coast. For the most part, they go to places where there is a large American presence (or where the military wants there to be one), where the fighting is heavy and the missions are frequent, and they can roll up their sleeves and get busy. They are a precision strike force, but they are precise amid large military efforts.
While Rangers also conduct FID missions, especially in Afghanistan, their purpose revolves around kill/capture missions on a day-to-day basis.
Rangers from the 75th Ranger Regiment prepare to conduct an airfield seizure.
(75th Ranger Regiment)
Seizing an airfield is to Rangers as a maritime raid is to the SEALs. The 75th Ranger Regiment is known for its ability to take an airfield from enemy control, though this hasn’t actually been conducted for years. Most of the time, Rangers are conducting kill or capture raids in Afghanistan. In fact, they were credited with killing or capturing over 1,900 terrorists during a recent deployment to Afghanistan. They have had a presence in Syria as well.
As terrorism and insurgent-type tactics have been more common among the enemies of the United States (in contrast to conventional military tactics), the need for special operations units has skyrocketed. Rangers, SEALs, and other elite groups have found themselves bearing that weight, evolving rapidly, and fulfilling the needs of a constantly changing battlefield.
A Ranger from the 75th Ranger Regiment conducts close quarters combat training.
(75th Ranger Regiment)
These units are required to have a breadth of skillsets, intensive training, and a specific state of body and mind — however, that doesn’t mean that every deployment is rife with firefights and explosions. Many Ranger deployments to Afghanistan have ended with no shots fired; many SEALs will deploy to countries around the world without conducting any raids.
So, who has the greatest impact on the GWOT?
Rangers often use helicopters to get to their objective.
(75th Ranger Regiment)
Many of these conversations — Rangers versus SEALs versus MARSOC versus PJs versus Green Berets — devolve into a “which one is better” conversation. However, each has their task and function, and asking whether one is better than the other is like asking if a cardiac surgeon is “better” than a neurosurgeon — it depends on if you need heart surgery or brain surgery. The better informed find themselves asking: “Who is better at a maritime interdiction?” “Who can take this airport?” “Who has a presence in this area?” These are the practical questions that warrant practical answers, and those are the ones that matter on the practical battlefield.
This article originally appeared on Coffee or Die. Follow @CoffeeOrDieMag on Twitter.
In case you didn’t know, the former Secretary of Defense, Chaos Actual, Gen. James Mattis (ret.) wrote an Op-Ed in the Wall Street Journal and it’s just ahead of his memoir covering how he learned leadership from his time as a young buck Lt to his time leading the Pentagon.
Of course, Mattis makes a very in-depth analysis into why America’s allies are vital and some insight into his resignation last December – but he also makes a case against the tribalistic political-sphere that seemed to envelope 2019. He’s always remained apolitical, despite sitting in the Trump cabinet. The petty squabbling and BS just distracts from the mission.
I know reading lists were sort of his thing – and it’d be kind of awkward for him to put his own book on his own reading list for people to buy and read. So just assume it’s on there since I don’t think he’s even updated it since he was last in the office.
Anyways, here are some memes to get your extended weekend started while I shamelessly give an unsponsored plug for the Patron Saint of Chaos’ new book.
The U.S. has been determined to challenge the Chinese claims in the region. This past weekend, the Arleigh Burke-class guided-missile destroyer USS Stethem (DDG 63) carried out an “innocent passage” through the South China Sea, coming within six miles of Triton Island. FoxNews.com reported that the Stethem was shadowed by a Chinese vessel.
A Flight IIA Arleigh Burke-class guided missile destroyer, USS Dewey (DDG 105), came within six miles of Mischief Reef this past May, after a pair of buzzing incidents between Chinese and American aircraft.
The White House has been calling out China on multiple fronts. Last month, at a conference in Singapore, Secretary of Defense James Mattis said China needed to stop “militarizing artificial islands and enforcing excessive maritime claims” in the maritime flashpoint. A report also hammered China for failing to stop human trafficking.
The military has very talented photographers in the ranks, and they constantly attempt to capture what life as a service member is like during training and at war. Here are the best military photos of the week:
U.S. Air Force Senior Airman Mark Barlow, right, and Airman 1st Class Randall White, crew chiefs with the New Jersey Air National Guard’s 177th Fighter Wing, recover an F-16 Fighting Falcon after landing during Red Flag 16-3, July 27, 2016, on Nellis Air Force Base, Nev. Red Flag is a realistic combat training exercise involving the air, space and cyberforces of the United States and its allies.
Members of the United States Air Force Honor Guard conduct training at the Air Force Memorial in Washington D.C., July 26, 2016. The mission of the U.S. Air Force Honor Guard is to represent Airmen to the American public and the world. The vision of the USAF Honor Guard is to ensure a legacy of Airmen who promote the mission, protect the standards, perfect the image, and preserve the heritage.
US Air National Guard photo by Staff Sergeant Christopher S. Muncy
A U.S. Soldier, assigned to 504th Parachute Infantry Regiment, 82nd Airborne Division, takes cover while conducting defensive operations duringexercise Swift Response 16 at the Hohenfels Training Area, a part of the Joint Multinational Readiness Center, in Hohenfels, Germany, June 20, 2016.
Soldiers, assigned to U.S. Army Alaska’s 1st Stryker Brigade Combat Team, 25th Infantry Division, take up defensive positions during a coordinated opposing forces attack in Donnelly Training Area, near Fort Greely, Alaska, during Exercise #ArcticAnvil, July 25, 2016.
SOUTH CHINA SEA (July 22, 2016) Sailors signal to an MH-60S Sea Hawk helicopter attached to the “Golden Falcons” of Helicopter Sea Combat Squadron (HSC) 12 as it hovers over the flight deck of the Arleigh-Burke-class guided-missile destroyer USS McCampbell (DDG 85) during a visit, board, search and seizure training exercise. McCampbell is on patrol with the Carrier Strike Group Five (CSG 5) in the U.S. 7th Fleet area of responsibility supporting security and stability in the Indo-Asia-Pacific.
PACIFIC OCEAN (June 26, 2016) – Sailors assigned to the Arleigh Burke-class guided-missile destroyer USS Shoup (DDG 86) stand by on the flight deck during flight operations, during Rim of the Pacific 2016. Twenty-six nations, more than 40 ships and submarines, more than 200 aircraft and 25,000 personnel are participating in RIMPAC from June 30 to Aug. 4, in and around the Hawaiian Islands and Southern California. The world’s largest international maritime exercise, RIMPAC provides a unique training opportunity that helps participants foster and sustain the cooperative relationships that are critical to ensuring the safety of sea lanes and security on the world’s oceans. RIMPAC 2016 is the 25th exercise in the series that began in 1971.
Marines assigned to Aircraft Rescue and Firefighting (ARFF), suit up during a fire response training scenario at Landing Zone Westfield, Marine Corps Air Station, Kaneohe Bay, Hawaii, June 29, 2016. The ARFF Marines are conducting monthly training to sharpen and enhance their firefighting skills.
Lance Cpl. Hugo Orozco, an M88A2 Hercules tank mechanic with Fox Company, 4th Tank Battalion, rests under the shade of his vehicle at Engineer Training Area 2 during a training exercise on Camp Lejeune, N.C., July 21, 2016. Active and reserve Marines train together in the event they deploy as one battalion in the future.
Petty Officer 3rd Class Tanner King, a crewmember of Coast Guard Station Boston, stands ready while aboard a 45-foot response boat during a security escort of a Norwegian-flagged tanker through Boston Harbor.
While most would think research for space can only be done from space, some research can still be done on Earth, and even in the water. Some Coast Guard divers are known as aquanauts who use their underwater expertise to help mold future space missions. How? They submerge themselves in the world’s only undersea laboratory, Aquarius, for two weeks to conduct research and simulate mission activities in the water’s low gravity. Aquarius is part of the NASA Extreme Environment Missions Operations project, more widely known as NEEMO.
Hiring managers and recruiters are intrigued and excited about the idea of hiring former military service members. More and more, they recognize that a veteran job candidate brings qualities of leadership, integrity, commitment, problem-solving, adaptability, and much more!
By the year 2023, reports estimate we will see 3.5 million veterans in the civilian workforce in this country. On the surface, that should indicate a great opportunity for employers who seek to hire employees who bring exceptional value to the company. Instead, many employers are hesitant or overwhelmed at the prospect of hiring veterans because they don’t know how to navigate and overcome perceptions, myths, and the divide between the military and civilian cultures.
In a recent article published by the Society for Human Resource Management (SHRM), I spoke to employers about realities of common misperceptions. You, the job candidate, can help employers clarify some of those myths by having data and insights to dispel these misconceptoins. For instance:
1. Myth: Only men serve in the military
How many times has a female veteran heard a civilian remark, “You’re a veteran? You don’t look like a veteran!”? There are misperceptions around the number of men and women who put on the uniform. The Pew Research Center reports that female veterans are less likely to have served in combat (30 percent of women compared to 57 percent of men). In peacetime and wartime, there are a great number of women who serve, and that number will grow as new military occupations are opened up to female service members.
2. Myth: All veterans have PTSD
You, as a veteran, have surely encountered the perception that veterans must have some form of PTSD (Post Traumatic Stress Disorder). After all, how could anyone experience what you did in the military without coming back “different” in some way? Perceptions that veterans bring PTSD issues with them into their civilian careers lead many employers to question whether these job candidates are then “unstable” and “unreliable.” Here are some facts:
• 8 percent of all Americans suffer from PTSD (approximately 24 million people), and the number of military veterans with PTSD is relatively low when compared to the total number of those who have served. “According to the VA, experts estimate that up to 20 percent of Operation Enduring Freedom and Operation Iraqi Freedom veterans, up to 10 percent of Gulf War veterans, and up to 30 percent of Vietnam War veterans have experienced PTSD,” reports PTSD United.
• Brainline.org reports that PTSD can occur after a person has been through a traumatic event, including natural disasters, car crashes, sexual or physical assault, terrorist attack, or combat during wartime.
• An estimated 1 out of 10 women will get PTSD at some time in their lives. Women are about twice as likely as men to develop PTSD. (Sidran.org)
3. Myth: Every veteran saw combat
As you know, there are over 7,000 military occupational codes, indicating different jobs in service. Not all of those jobs are in-theater. The Department of Defense shows that less than 20 percent of service members serve in frontline combat roles. Perhaps you worked as a cook, radio operator, pilot, tower equipment installer, logisticians, procurement clerk, medic, personnel manager, or mechanic during your military career? Help employers see that while all military jobs focus on the mission, they are not all combat jobs.
4. Myth: Skills gained in the military are non-transferable
Employers are often motivated to hire veterans for their qualities of teamwork, work ethics and values, resiliency, focus on mission, and accomplishment. These characteristics make veterans great candidates for matching a company’s core values and culture. What sometimes gets overlooked is that veteran job candidates also bring tremendous hard skills that are transferrable to a civilian employer. Veterans bring a documented work history, security clearance, technical and subject matter expertise, and specialized training which can be quickly applied to industries such as healthcare, aviation, finance, logistics, administration, and others.
I advise employers who seek to hire military veterans but are unfamiliar with the military experience, work history, or skills to listen, learn, and engage others in understanding the benefits (and realities) of hiring and growing veteran talent. As you interview, discuss, and grow your civilian career, you can serve those coming up behind you by helping employers overcome some of these same misperceptions and myths.
The Marine Corps is a very tough and flexible force.
But perhaps the most versatile Marine unit is the Marine Corps Security Force Regiment — a dedicated security and counter-terrorism unit that’s used for everything from guarding nukes to rescuing diplomats.
In fact, the more famous counter-terror units like Delta Force, SEAL Team Six, the Special Air Service or GSG 9 are young whippersnappers compared to the Marine Corps Security Force Regiment. Tracing its lineage to the 1920s, the Marine Security Force Regiment was around long before the SAS was a gleam in the eye of David Stirling.
When the Navy’s part of America’s nuclear triad is in port, it’s these Marines that defend it.
The Security Forces Marines get the task for one simple reason: America’s SSBN force may be safe when it’s out at sea, but when in port, it is vulnerable to attack. Not only that, the UGM-133 Trident II ballistic missiles are usually not on the submarines and represent a perfect target for those seeking to cripple the sea-based deterrent.
Part of that effort includes the unit’s Recapture Tactics Teams. According to Military.com, these teams specialize in recovering materials, people, and property tied to the strategic inventory.
AmericanSpecialOps.com notes that they are called the CQB Team, and they are trained to act at the squad level.
According to its official webpage, the Security Force Regiment is also tasked with providing “forward deployed, expeditionary antiterrorism and security forces to support designated commanders and protect vital national assets” and “expeditionary antiterrorism and security forces, deployable from the United States, to establish or augment security as directed by the commander of U.S. Marine Corps Forces Command.”
The units sent in those cases are the Fleet Anti-terrorist Security Teams, and the companies in vulnerable commands are called FAST Companies. Platoons from a FAST company could be sent to bolster an embassy or consulate that has come under attack.
In 2012, those were the Marines called on in the aftermath of the Benghazi attack according to USNI News.
To see what FAST Marines can do, check out this video:
The global economy has taken yet another unprecedented hit after coronavirus lockdowns around the world triggered a historic plunge in U.S. crude oil prices on April 20.
Stock markets across the world were reeling in volatility after some traders who had bought U.S. oil futures contracts were actually paying others to take the deliveries off their hands.
That left the U.S.-produced oil with a listed price of for the first time in history.
The price of both Brent Crude and Russian-produced Urals oil also declined markedly after the negative oil prices seen in the United States.
Here are answers to some of the main questions caused by the historic crash of U.S. oil prices.
What is the cause of the historic fall of global oil prices?
The coronavirus pandemic has wreaked havoc on the global demand for oil, creating a supply glut and filling oil-storage facilities around the world to near capacity.
Due to the basic market forces of supply and demand, traders now have difficulty finding buyers willing to purchase futures contracts for crude oil deliveries in May or June.
That has sent the price of oil futures contracts spiraling downwards.
The benchmark price for North Sea Brent Crude on April 21 fell by nearly per barrel overnight for June deliveries, selling at an 18-year low of just per barrel.
That is a fall of more than 60 percent from January’s peak this year.
Brent Crude is easier and cheaper to transport than its U.S. counterpart because Brent Crude is extracted directly from the North Sea.
The West Texas Intermediary (WTI) price, the U.S. benchmark for light crude, fell well into negative territory for the first time in history on April 20 — with May futures selling as low as minus per barrel.
The WTI price recovered slightly on April 21 but was negative mainly before trading at about id=”listicle-2645815893″ per barrel in late afternoon trading.
In a nutshell, there is an enormous global surplus in oil supplies with little demand for it, and oil companies are running out of places to store it.
Thus, some traders on April 20 essentially began paying buyers to take extra oil off their hands.
What is an oil futures contract?
An oil futures contract is a legal agreement by traders to buy or sell oil for a set price at a specified date in the future.
Those who enter a futures contract are obliged to carry out the deal at the specified price and date.
That means traders are essentially making a bet on what the price of oil will be in the future.
They hope to profit from the difference between the price specified in their futures contract and the actual price of oil on the date that the futures contract comes due.
“This has never happened before, not even close,” says Tim Bray, a portfolio manager at GuideStone Capital Management in Dallas, Texas. “We’ve never seen a negative price on a futures contract for oil.”
The WTI’s negative price suggests it is traders who’d bought May oil futures who are offering to pay somebody else to deal with the oil due to be delivered next month.
But many analysts describe the negative oil price as technical, saying it is related to the way futures contracts are written.
They note that most buyers are purchasing oil for delivery in June, not May.
Energy strategist Ryan Fitzmaurice of the Dutch-based Rabobank says negative oil prices are “more technical in nature and related to the futures contract expiration.”
“We could see isolated incidents where oil companies pay people to take their oil away as storage and pipeline capacity become scarce but that is unlikely on a sustained basis,” Fitzmaurice says.
Why hasn’t Moscow’s deal with Saudi Arabia to cut oil production protected the Russian economy from falling oil prices?
The impact of coronavirus restrictions on global oil prices has been devastating for Russia’s petrostate economy — which depends upon revenues from oil and natural-gas exports.
The price of Russia’s Urals variant of oil is determined by the global price index for Brent Crude.
Generally, Urals oil costs a few dollars less per barrel than Brent Crude.
Tumbling WTI and Brent Crude benchmarks mean dramatic declines for the price of Russian oil as well.
Meanwhile, many traders fear that an April 12 OPEC+ oil-production agreement between Russia and Saudi Arabia does not go far enough to compensate for the historic fall in global demand.
That deal calls for 23 oil-producing countries, including Russia and Saudi Arabia, to reduce their total output by 9.7 million barrels per day for May and June, cutting about 10 percent of the global supply.
What knock-on effects do falling oil prices have on Russia’s economy?
The oil markets have shown a cautious response of traders to the OPEC+ deal.
Now Russia’s stock market indices and the value of the Russian ruble also are falling.
Of course, oil shares have been the biggest losers on Russia’s stock market indices.
In early trading on April 21, the RTS Index lost 4.3 percent of its value while the MOEX Index was down by 1.8 percent.
On foreign-currency exchanges, Russia’s ruble early on April 21 had fallen about 2 percent from its value just 24 hours earlier. It fell even further later in the day.
“Taking into account the mood in the oil market, the risks for the Russian currency temporarily point towards further weakening,” Nordea analyst Grigory Zhirnov says.
U.S. Army paratroopers are soldiers dropped behind enemy lines to capture airfields, destroy defenses, and kill hostile forces quickly. All Airborne soldiers go through school at Fort Benning, Georgia where training cadre with the 1st Battalion, 507th Parachute Infantry Regiment, teach them how to jump.
1. Learning to fall to the ground without breaking bones is a crucial airborne skill.
2. Soldiers practice how to properly jump from a plane in “mock doors” that simulate aircraft. Failing to get a strong exit on a real jump can result in the paratrooper getting slammed against the side of the aircraft.
3. Fall training progresses through different levels as troops learn how to hit the ground regardless of the wind direction.
4. Aspiring paratroopers are sent to a 34-foot tall tower to practice their exits (and to get over any fear of falling they might have).
5. At first, the soldiers jump one at a time, but they progress to jumping in groups of four.
6. Around this same time, students meet the Swing Landing Trainer where they practice landing hard on the gravel pits.
7. This prepares them for the 250-foot towers where they get their first chance to fall hundreds of feet under an actual parachute.
8. Then, it’s on to Jump Week when they finally board an aircraft and get into the sky.
9. The students have to do five jumps from a plane at approximately 1,250 feet to graduate the course.
10. Once they do, they’ll be awarded their Silver Wings and be able to call themselves paratroopers.
Götz von Berlichingen was known for a lot of things. The most obvious was that he lost an arm to cannon fire in the heat of battle. Unfortunately for him, it was his right arm, the one that swung swords and dealt death. Unfortunately for all of his enemies, he wouldn’t die until age 82 – and he had a mechanical arm built just so he could keep killing them all.
That’s not even his most enduring legacy.
He was the first to tell an enemy to kiss his ass.
When your name is literally pronounced “Guts,” it becomes something of a self-fulfilling prophecy. It took him only three years to get sick of fighting for God and country for the Holy Roman Empire. So, the young von Berlichingen turned to fighting for something more tangible: money. He and his squad of Teutonic mercenaries fought for all levels of feudal lords and barons — anyone who could afford to have a soon-to-be legendary badass on their side.
It was in 1504, while fighting to take Landshut for the Duke of Bavaria, that a cannonball lopped his arm off at the elbow. He had two prosthetic arms created for himself – and one of them could still hold his sword or shield. So, von Berlichingen continued to make money the best way he knew how.
The knight seized merchant shipping, kidnapped nobles for ransom, and raided towns around Germany as a means of making money. This, unfortunately, earned him few powerful friends, and he found himself banned from the Holy Roman Empire on multiple occasions. He was even captured and held for ransom himself.
After his final ban, he joined the German peasants in exacting revenge on the leadership of the Holy Roman Empire. Despite that failure, he fought on until he was captured again. When finally liberated by Charles V, he was forced into a sort of house arrest, only allowed to come out in case Charles needed his services.
Berlichingen would assist German knights in fighting the Ottoman under Suleiman the Magnificent and invade France against the famous King Francois I. By then, however, he had already uttered his famous phrase. It was somewhere near Baden-Wurttemburg, while under siege, that the seemingly-immortal knight received a surrender demand. He was not impressed by it at all. He returned it with a famous response, telling the Swabian army (and their leaders) to kiss his ass.
After he was sick of mercilessly slaughtering Europeans all over the continent, Götz von Berlichingen decided to sit down and write his memoirs, which were apparently the greatest story ever told in German for the longest time. The German writer Johann Wolfgang von Goethe penned a 1773 drama that is still retold to this very day, based solely on the story of von Berlichingen’s account of his life.
In this episode of the Mandatory Fun podcast, we speak with actor, TV host, and former U.S. Army Green Beret, Terry Schappert. You may remember Terry from the popular History Channel show Warriors and, more recently, Hollywood Weaponson the Outdoor Channel with Israel Defense Forces reconnaissance man, Larry Zanoff.
Terry was a Special Forces Team Sergeant who happened to serve alongside WATM’s own, Chase Milsap.
Larry and Terry smash Hollywood’s biggest myths in the Hollywood Weapons. (Image source: Outdoor Channel)
Hollywood Weapons gears up to take on the most insane challenges to accurately reproduce our favorite action movie stunts while breaking the myths that movies perpetuate. From breaking through the glass of a tower window, like that of the Nakatomi Plaza in Die Hard, to blowing up a Great War shark with a single shot, like in Jaws, this show recreates all your favorites using only practical effects.
“I have to make those real shots, with those real guns, under real conditions,” Terry pridefully states.
The show breaks everything down using high-speed cameras to catch all the little details that audience members might miss as a movie’s action sequence flies across the screen.
Terry and the team literally break it all down. (Image via GIPHY)Although the show’s primary objective is to entertain, the talented and creative minds behind Hollywood Weapons have a unique way of educating their loyal viewers by scientifically breaking down what it would take to pull off our favorite stunts in the real world.