PODCAST: Why This Recession is Different

Grounding Planes 'A Distinct Possibility': Tightened Global Fuel Supply Hitting Asian Nations Hardest European Commission President Ursula von der Leyen has again warned of a "critical energy situation" as oil and gas markets convulse, underscoring growing fears of supply shocks, at a moment President Trump early this week claimed the Strait of Hormuz could "reopen very soon" if talks with Iran succeed - though Tehran has flatly denied any negotiations are underway as confusion reigns over the status of backchannel dialogue.  Already one country says it is suffering a fuel shortage crisis,...

Hundreds Of Gas Stations Run Dry In Australia As Hormuz Shock Exposes Energy Security Failures Australia's weird obsession with "green energy," compounded by a lack of urgency regarding proper energy security, has now collided with the worst energy crisis the world has ever seen. A country heavily dependent on imported refined petroleum products, many of which transit the Strait of Hormuz, has reached the fourth week of the U.S.-Iran war, but with a full-blown fuel supply shock now underway, and hundreds of gas stations across the country running dry. Energy Minister...

Stock Futures Surge, Oil Tumbles On Iran Ceasefire Optimism US futures are sharply higher and oil tumbles as the US reportedly offered a15-point plan to help bring the conflict to a close triggering a global rally; Meanwhile Iran is said to have rejected the plan and kept up missile and drone attacks on Israel and Arab Gulf states in response to attacks on its own facilities, while the US continues to move new military assets into place ahead of Trump’s deadline to reopen the SoH. So the situation remains fluid....