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After Dems Record-Breaking (And Useless) Drain, Schumer 'Demands' Trump Release Oil From The SPR 'Immediately'
After Dems Record-Breaking (And Useless) Drain, Schumer 'Demands' Trump Release Oil From The SPR 'Immediately'
In 2022, following Russia's invasion of Ukraine, which disrupted global oil supplies and drove US gasoline prices to record highs above $5 per gallon in June, the Biden administration authorized unprecedented releases from the Strategic Petroleum Reserve (SPR) to ease fuel costs as the 2022 Midterm elections loomed (and Democrat approval ratings slid).
The historic drawdown announced in March was the largest SPR release in history, and was pitched as 'bridging supply shortfalls while global production...
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Jun 2, 2026 / Tyler Durden
Another Hurricane Season Is Underway: What To Know
Another Hurricane Season Is Underway: What To Know
Authored by T.J.Muscaro via The Epoch Times,
June 1 marked the start of yet another hurricane season for the Atlantic Ocean, Caribbean Sea, and Gulf of America.
The National Oceanic and Atmospheric Administration (NOAA) is forecasting a lower-than-average number of named storms between now and Nov. 30 thanks to “El Niño.” This is a recurring weather event known to lower the jet stream over the southeastern United States and create an environment in the Gulf and Atlantic less friendly to hurricane development.
But every storm...
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May 17, 2026 / Tyler Durden
AI vs Affordability And Rates
AI vs Affordability And Rates
By Peter Tchir of Academy Securities
Last week, we contemplated, for the first time, that we might need to Understand Universal Basic Income. The timing was very good as on Monday, South Korea floated the idea of transferring some AI-driven tax revenue to its citizens. As uncertainty around jobs, income, and costs continue to weigh on overall confidence, expect this subject to get more airtime in the political arena. The concept of UBI does go hand in hand with two competing themes: AI and Affordability.
China, Iran,...
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Sep 8, 2026 / Tyler Durden
Chinese Chipmakers Buy 3-Year Sanctions Buffer As Huawei Spearheads Domestic Juggernaut
Chinese Chipmakers Buy 3-Year Sanctions Buffer As Huawei Spearheads Domestic Juggernaut
Right now, Chinese open-weight AI models are on the cusp of dominating closed-weight US frontier models in both price and performance. All ten of the top open-weight models on Artificial Analysis’s spring Intelligence Index came from China-based labs, and the best sat just six points behind the leading closed model; Chinese models also passed American ones in token share on OpenRouter in early June. All of this - despite asymmetrical lack of access to bleeding-edge hardware vs. their US competition,...
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