Proven Petroleum Reserves and the Myth of “Peak Oil”

Futures Slide As AI Unwind Goes Global: Kospi Crashes Into Bear Market, Treasuries Soar US futures are lower as the AI unwind goes global - Korea's Kospi crashed into a bear market and tripped circuit breakers, CoreWeave bonds sank deeper into distress and Anthropic's still-blistering but slowing growth failed to impress - while yesterday's hot CPI scare has morphed into a growth scare; as a result Treasuries are ripping higher with 10Y yields tumbling 10bps to 5.08%, the lowest since Sept. 23. As of 6:20am ET, S&P futures are 0.3%...

DHS Deports Convicted Child Rapist Gov. Tim Walz Pardoned The Department of Homeland Security deported Tou Lue Vang on Friday, the Laotian national Minnesota Gov. Tim Walz pardoned last month in an effort to keep him in the country. Vang, 42, entered the United States illegally and built a life in Minnesota that included, by his own admission, sexually abusing a 10-year-old girl. He pleaded guilty in 2006 to first-degree criminal sexual conduct after admitting he abused the girl over four years, starting in 2002. When police arrested him in 2005,...

"Removed Without Warning": Ex-BP Chairman Blasts Abrupt Ouster As Wall Street Gets Spooked The abrupt Tuesday morning firing of BP Chairman Albert Manifold by the board certainly raised eyebrows, given his key role in the company's turnaround effort: unwinding years of underperforming green-energy bets and steering the oil major back toward its oil-and-gas business. The board cited "serious concerns" tied to "important governance standards, oversight, and conduct" as the core reason for Manifold's removal. But the explanation remains vague, leaving Wall Street desks wondering exactly what prompted such a sudden and...