The AI Transition: Even Dinosaurs Weren't Stupid Enough To Create Their Own Extinction Event

China Is Learning To Use Less Oil, And That's A Bigger Deal Than It Sounds By Julianne Geiger of OilPrice.com Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable. It can get by on less fuel than anyone thought. China's gasoline and diesel demand has been falling for years as electric vehicles gained market share and economic growth slowed. But the latest drop has surprised even seasoned observers. According to Reuters, gasoline sales at Sinopec, China's...

"Asymmetric Warfare Boom" Accelerates As US Army Awards Neros $500 Million For FPV Attack Drones Defense startup Neros has secured a US Army contract valued at up to $500 million to supply the military with Ukraine-style, low-cost attack drones, reinforcing our view that the "Asymmetric Warfare Boom" is now underway. As we have told readers, the Department of War's massive push to procure inexpensive, attritable autonomous systems, ranging from loitering munitions and ground robots to drone boats, will create a procurement supercycle and investable opportunities across both public markets and privately...

Venezuela's Oil Revival Faces "Decade Or Two" Climb Back To Record Output, Piper Sandler Warns President Trump's "Donroe Doctrine" positions energy security in the West as a key pillar of US national security.  The removal of socialist Nicolás Maduro and the subsequent massive Venezuelan oil deal represent the opening act in a longer-term effort to rebuild production and secure supplies closer to the Gulf of America.  Piper Sandler global energy strategist Jan Stuart's view, however, highlights the time required for these new Venezuelan supplies to ramp up: any meaningful recovery in Venezuelan output...