Article
Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security
Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security
Authored by Jacob Burg via The Epoch Times,
Energy Secretary Chris Wright on March 13 directed the Texas-based oil company Sable Offshore Corp. to restore operations in water off southern California.
Wright invoked the Defense Production Act to restore the company’s Santa Ynez Unit and Pipeline System near Santa Barbara to address supply disruption risks that “have left the region and U.S. military forces dependent on foreign oil,” according to a Department of Energy news release.
“The Trump Administration remains...
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May 13, 2026 / Tyler Durden
Gunfire Erupts Inside Philippine Senate As Former 'Drug War' Enforcer Evades International Arrest Warrant
Gunfire Erupts Inside Philippine Senate As Former 'Drug War' Enforcer Evades International Arrest Warrant
At least a dozen gunshots rang out inside the Philippine Senate building in Manila earlier on Wednesday as police and marines moved to arrest Senator Ronald "Bato" Dela Rosa on an International Criminal Court warrant for alleged crimes against humanity linked to former President Rodrigo Duterte's brutal war on drugs, a campaign that left more than 6,000 suspected drug dealers dead in operations.
Reuters reports that it is unclear who fired the burst of shots inside the...
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Mar 1, 2026 / Tyler Durden
Germany's Pension Time Bomb: $2+ Billion In CRE Losses Expose Cracks In The Fiat Era
Germany's Pension Time Bomb: $2+ Billion In CRE Losses Expose Cracks In The Fiat Era
Submitted by Thomas Kolbe,
A shock for the insured members of the Versorgungswerk Zahnärzte Berlin-Brandenburg (VZB). According to a report this week by Bloomberg, losses at the private pension fund total €1.1 billion. Roughly 50 percent of its invested capital has effectively been wiped out—channeled into private loans to non-listed companies, including rPlanet Earth in California, a shrimp farm in northern Germany, and, repeatedly featured on the investment menus of German pension funds, U.S. commercial real...
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Apr 14, 2026 / Tyler Durden
The Iranian Regime's Crypto Shadow Arsenal
The Iranian Regime's Crypto Shadow Arsenal
Authored by Tamuz Itai via The Epoch Times,
In 2025, Iran’s crypto ecosystem swelled to more than $7.78 billion, according to Chainalysis, marking a notable acceleration from prior years amid economic collapse and geopolitical turmoil.
For ordinary Iranians—roughly one in six of the population—crypto served as a vital lifeline. Facing relentless rial depreciation (down nearly 90 percent since 2018), chronic inflation of 40 to 50 percent, and frequent power blackouts or internet shutdowns during protests, citizens turned to Bitcoin and stablecoins like U.S. dollar-pegged stablecoins (USDT)...
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