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G-7 Leaders Reject SPR Release Plan, But 'Stand Ready' After Initial Jawbone Efforts Fade

G-7 Leaders Reject SPR Release Plan, But 'Stand Ready' After Initial Jawbone Efforts Fade Update (1055ET): G-7 finance ministers used headlines in Asia, including calls for a meeting to discuss an SPR release, as a purely performative attempt to calm chaotic energy markets. Now that the emergency meeting is over, the group of leaders failed to agree on releasing crude supplies. Those headlines briefly hit Brent down from around $119/bbl to near $100, but once again, it appears to have been little more than a circus act as world leaders stare directly...
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Sep 14, 2026 / Tyler Durden
EU NatGas Hits Highest Since 2022 As Low Storage Sets Stage For Winter Cold-Snap Price Shock
EU NatGas Hits Highest Since 2022 As Low Storage Sets Stage For Winter Cold-Snap Price Shock European natural gas futures hit their highest level since December 2022 (early days of the Russia-Ukraine conflict) as domestic supplies remain well below the 15-year average. With the Northern Hemisphere winter approaching, the restocking phase may be jeopardized by maritime chokepoint madness across the Gulf and Red Sea, with the Strait of Hormuz and Bab al-Mandab Strait under threat. Dutch benchmark futures jumped as much as 5.3% to 83.67 euros a megawatt-hour early Monday. Prices have...
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Jul 2, 2026 / Tyler Durden
Paris Deputy Mayor Blames US Air Conditioning For French Heat Wave
Paris Deputy Mayor Blames US Air Conditioning For French Heat Wave The peasantry is not allowed to have creature comforts, otherwise, they might start thinking like free men.  So, let them eat cake (and fight each other over the last few box fans).   As we covered last week, over 1.2 million tourists have traveled to each US city hosting a World Cup game, and the resulting culture shock has gone viral across social media.  Notably, European visitors have been surprised by American infrastructure, hospitality and, strangely, air conditioning.  Apparently, European media and...
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Jun 19, 2026 / Tyler Durden
World Cup: Where's The Beer?
World Cup: Where's The Beer? Authored by Noel Williams via AmericanThinker.com, So far, the World Cup is living up to Gianni Infantino’s (FIFA President) clarion call to “unite the world” (or at least the participating nations therein). Of course, that could quickly change when we get to the knockout stages of the tournament when they're more overwrought emotions and rivalries are more intense. In the meantime, soccer fans from far-flung places are reveling in America’s beauty and bounty. They appreciate America more than Dems, which is not surprising since most Dems are anti-American. There are three...
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