My Energy Story

US Africa Command has announced that its forces launched another airstrike in Somalia on March 11 as the Trump administration continues its bombing campaign in the country amid the US-Israeli war against Iran. The attack marks at least the 44th US airstrike in Somalia this year. AFRICOM said the strike targeted al-Shabaab in the vicinity […]

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US...

Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no real change to the US regime’s commitment to easy money.