David Stockman on Why There is No Noticeable Benefit from the Fed’s Policies
David Stockman on Why There is No Noticeable Benefit from the Fed’s Policies Here is the only noticeable “benefit” from the Fed’s pro-inflation policies since Greenspan’s arrival at the Eccles Building. To wit, these policies have pleasured the tippy top of the economic ladder with massive wealth gains owing to the relentless inflation of financial […]
Big Oil Has Flourished, Despite Biden’s Best Efforts, And Will Back Trump In 2024
Big Oil Has Flourished, Despite Biden’s Best Efforts, And Will Back Trump In 2024 “It’s death by 1,000 cuts. It’s the worst presidency with regard to energy policy I’ve ever seen — and I’ve been involved in energy for 40 years, my entire career.” Those were the words of Steve Pruett, chief executive of Elevation Resources, to Financial […]
Your Tax Dollars At Work: In Two Years, $7.5 Billion Has Produced Just 7 EV Charging Stations
Your Tax Dollars At Work: In Two Years, $7.5 Billion Has Produced Just 7 EV Charging Stations When people gripe about paying taxes and the government being a poor the absolute worst possible capital allocation, this is what they are talking about: $7.5 billion in investments for electric vehicles has – in two years – produced just 7 charging stations across four […]
Hurricanes, heatwaves and rising seas: The impacts of record ocean heat
Hurricanes, heatwaves and rising seas: The impacts of record ocean heat Getty Images Excessive phytoplankton growth can choke the sea surface with a jelly-like layer of slime known as “sea snot” as ocean temperatures increase (Credit: Getty Images) Record ocean temperatures suggest the seas are warming faster than expected, and the impacts will be felt […]
Bidenomics At Work: Ford Slashing Battery Orders As Losses Per EV Approach $100,000
Bidenomics At Work: Ford Slashing Battery Orders As Losses Per EV Approach $100,000 Ford is cutting battery orders in yet another sign that the EV market, despite a constant tailwind from the U.S. taxpayer, is starting to slow. The company is cutting the orders to curb electric-vehicle losses as it scales back its EV strategy in […]
The World’s Largest Floating Solar Farm Wrecked by a Storm Just Before Launch
The World’s Largest Floating Solar Farm Wrecked by a Storm Just Before Launch h/t Dr. Willie Soon; Who could have predicted acres of fragile floating structures would be vulnerable to bad weather? Madhya Pradesh: Summer Storm Damages World’s Largest Floating Solar Plant at Omkareshwar Dam (Watch Video) Indore: A summer storm on Tuesday damaged a […]
World’s Oldest Central Bank Keeps Sounding Alarm on Fragility of Cashless Economies. Are Other Central Banks Listening?
World’s Oldest Central Bank Keeps Sounding Alarm on Fragility of Cashless Economies. Are Other Central Banks Listening? At a time when the dominant narrative around cash is that its demise is all but inevitable, as well as broadly desirable, the 2024 payment report by Sweden’s Riksbank may offer a cautionary tale. In October last year, […]
The Escalating Threat Of Avian Influenza H5N1 And The Ethical Quandary Of Gain-of-Function Research
The Escalating Threat Of Avian Influenza H5N1 And The Ethical Quandary Of Gain-of-Function Research Since the Highly Pathogenic Avian Influenza (HPAI) H5N1 virus was first identified in humans in 2003, approximately 600 cases have been reported worldwide, with a laboratory-confirmed case-fatality rate (CFR) of 60%. The recent death of a woman in southwest China who […]
Costa Rica to ration electricity as drought bites
Costa Rica to ration electricity as drought bites San José (AFP) – Costa Rica has become the latest Latin American country to introduce rationing due to drought, announcing Thursday it will limit access to electricity for which it relies heavily on hydro-generation. Costa Rica will ration electricity as water required for generation runs low © Ezequiel BECERRA […]
Texas Spot Power Prices Jump Almost 100-Fold on Tight Supply
Texas Spot Power Prices Jump Almost 100-Fold on Tight Supply (Bloomberg) — Texas electricity prices soared almost 100-fold as a high number of power-plant outages raised concerns of a potential evening shortfall. Spot prices at the North Hub, which includes Dallas, jumped to more than $3,000 a megawatt-hour just before 7 p.m. local time, versus […]
North America’s biggest city is running out of water
North America’s biggest city is running out of water Mexico City is staring down a water crisis. It won’t be the last city to do so. Mexico City is being threatened by a water crisis after the main reservoirs remain under 40 percent of their full capacity due to low rainfall, geography, and lack of […]
Floods and flooding ‘will be part of our lives,’ says Brazilian architect and urbanist
Floods and flooding ‘will be part of our lives,’ says Brazilian architect and urbanist The climate crisis has increased the number of extreme disasters Civilians help with rescues in Porto Alegre, Rio Grande do Sul, in the floods that hit the state. Photo by Alex Rocha/PMPA, used with permission Rio Grande do Sul, the southernmost state of […]
The Militarization of Space: Report to U.S. Congress Outlines U.S. Determination to Establish “Space Command and Control”
The Militarization of Space: Report to U.S. Congress Outlines U.S. Determination to Establish “Space Command and Control” Back in mid-February, the mainstream propaganda machine bombarded us with a slew of reports about “big bad Russian space nukes“, claiming that Moscow is using its technological prowess to build strategic space-based weapons. And while it’s true the […]
Is China’s Oil Demand Set For A Major Bounce Back?
Is China’s Oil Demand Set For A Major Bounce Back? China’s extraordinary economic expansion almost singlehandedly drove a supercycle in key commodities since the mid-90s. This robust performance across several major sectors in China’s economy is in sharp contrast to the growth drivers seen last year. China continues to buy oil from Russia and Iran […]
