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AI Computing Is on Pace to Consume More Energy Than India, Arm Says
AI Computing Is on Pace to Consume More Energy Than India, Arm Says (Bloomberg) — AI’s voracious need for computing power is threatening to overwhelm energy sources, requiring the industry to change its approach to the technology, according to Arm Holdings Plc Chief Executive Officer Rene Haas. By 2030, the world’s data centers are on […]
Europe Is Wargaming a Food Crisis
Europe Is Wargaming a Food Crisis (Bloomberg) — The combined forces of El Niño and La Niña have crippled Latin American soy output. Ukrainian and Russian grain farmers have gone to war. Indonesia has banned shipments of palm oil to Europe, while China is hungry for crops. The Mediterranean region is getting more like a […]
Glencore Says This Time Is Different for Coming Copper Shortage
Glencore Says This Time Is Different for Coming Copper Shortage (Bloomberg) — Glencore Plc added its voice to a chorus of miners warning of coming copper shortages, arguing that a “huge deficit” is looming for the crucial industrial metal. Chief Executive Officer Gary Nagle said that while some people were assuming that the industry would […]
‘I’m afraid we’re going to have a food crisis’: The energy crunch has made fertilizer too expensive to produce, says Yara CEO
‘I’m afraid we’re going to have a food crisis’: The energy crunch has made fertilizer too expensive to produce, says Yara CEO The world is facing the prospect of a dramatic shortfall in food production as rising energy prices cascade through global agriculture, the CEO of Norwegian fertilizer giant Yara International says. “I want to say […]
Exxon (XOM) Finds No Oil at Bulletwood-1 Well in Offshore Guyana
Exxon (XOM) Finds No Oil at Bulletwood-1 Well in Offshore Guyana ExxonMobil Corporation XOM and partners drilled a dry well at the Bulletwood-1 offshore well in the Canje Block, positioned 180 kilometers off the coast of Guyana. The company mentioned that it failed to discover commercial quantities of oil at the Bulletwood-1 well, which is the […]
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts
Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts (Bloomberg) — Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route. Supertankers delivering 2-million-barrel shipments of the kingdom’s oil to China are losing […]
Yahoo Finance Drops in From Mars to Explain Big Money Hasn’t Bought U.S. Politics
Yahoo Finance Drops in From Mars to Explain Big Money Hasn’t Bought U.S. Politics A recent New York Times/CBS poll found that 84 percent of Americans think money has too much influence in U.S. politics, and 85 percent want the campaign financing system completely rebuilt or at least fundamentally changed. Even politicians themselves will tell you that big money controls […]
David Stockman Interview On Yahoo——The Fed Painted Itself Into A Corner, Confidence In The Casino Is Headed For A Fall
David Stockman Interview On Yahoo——The Fed Painted Itself Into A Corner, Confidence In The Casino Is Headed For A Fall David Stockman is not a fan of the Fed. In fact he claims that the Fed is on a “jihad” against retirees and savers. The former Reagan budget director and author of “The Great Deformation: […]
