PODCAST: Why This Recession is Different

Australia Considers Emergency Powers To Protect Domestic Gas Supply Authored by Tsvetana Paraskova via OilPrice.com, Australia’s government intends to consider using emergency powers to protect domestic natural gas supply in case of a shortfall on its east coast in the third quarter of 2026. The potential consideration of using such powers would be part of the steps the Albanese Government is taking to secure domestic gas supplies for Australian households and industry as the Middle East conflict disrupts global energy markets. Australian Minister for Resources, Madeleine King, has given notice of her intention to consider...

"Everything About This Market Is Wild": European Diesel Futs Top $200 As Global Scramble Accelerates The global tug-of-war for fuel looks set to accelerate, with traders scrambling to secure supplies even more aggressively after President Trump showed no signs of an end to hostilities (and a reopening of the Strait) any time soon. The longer the Strait of Hormuz remains closed, the more intense the competition is likely to become. Traders have warned that Europe is at risk of diesel shortages in the coming weeks. “Everything about this market is wild,” said Philip...

Fear Of The Second Wave Authored by Jeffrey Tucker via The Epoch Times, This time last year, it seemed like we were just about finished with the terrible inflation of the Biden years that had trimmed at least 25 percent from the purchasing power of the dollar. The hope has been for a year that the massive increases in money printing over the COVID years were finally done. As some put it, the snake had finally digested the golf ball. All along we’ve worried that the experience of the 1970s would repeat: three...