Trump and Hegseth Won’t Rule Out Sending Troops to Iran for a Mission They Won’t Define

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

New York Audits Utility AI Use, Cites Risk In "Growing Dependency" By Robert Walton of UtilityDive The New York Public Service Commission last week launched an inquiry into public utility use of artificial intelligence, noting that AI systems “create risk for organizations” but are also increasingly used to perform basic tasks. The Sept. 17 order requires electric, gas and water utilities to respond within 60 days with “a written inventory report that describes all use cases of AI systems in their operations.” Consolidated Edison, which serves New York City, said it uses AI...