The End of Artificial Employment

Oil Tanker Makes Red Sea U-Turn After Houthi Threats, Reroutes Around Africa In Costly Transit ING's Singapore-based head of commodities, Warren Patterson, was asked during a recent webinar what it would take for Brent crude to exceed $120 a barrel. His answer was "not much," warning that prices could soar well into triple-digit territory if the Strait of Hormuz remains blocked through August and threats to Red Sea shipping intensify. Patterson's warning about disruptions at the Strait of Hormuz and the Bab el-Mandeb Strait echoes concerns voiced across commodity desks...

Biden's FBI Secretly Obtained Kash Patel And Susie Wiles' Phone Records, But NYT Says It's Cool When Special Counsel Jack Smith was investigating Donald Trump and people in his orbit, he ended up surveilling then-private-citizen Kash Patel, and Trump Chief of Staff Susie Wiles during 2022 and 2003. Patel, now head of the FBI, told Reuters on Wednesday that he found out about this, and the FBI buried the files in a "Prohibited" category deep within the bureau's computer system so they would be extremely difficult to find. Getting down to it - the subpoenas targeted metadata...

Geothermal Heats Up: Fervo Drilling Rates Soar 143% While Quaise Raises $134M While the Trump administration keeps pushing domestic energy addition through funding vehicles and executive orders aimed at grid reliability and AI-driven demand growth, two next-generation geothermal developers just posted updates that move past announcements and into measurable progress on drilling and capital formation. Fervo announced that its third-generation well design at Cape Station in Utah has lifted drilling rates by 143% compared with the first Cape well.  The latest well, Sawtooth 7, reached 19,448 feet measured depth, including a 7,500-foot...