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Energy Agency Chief Warns Iran War Created Massive Oil Crisis

International Energy Agency (IEA) Executive Director Fatih Birol said on Monday that the world is facing a massive energy crisis caused by the war against Iran.  Birol argued that the current energy crunch is worse than those of the 1970s and the impact of Russia’s 2022 invasion of Ukraine combined. “This crisis, as things stand, […]
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May 10, 2026 / Tyler Durden
What Would Be Truly Bullish? Actually Fixing What's Broken
What Would Be Truly Bullish? Actually Fixing What's Broken Authored by Charles Hugh Smith via Of Two Minds, We've come to an interesting juncture in history, interesting because while we're being assured that AI will solve all problems, including any it creates, back in the real world, AI is incapable of fixing what's broken because too many people are getting rich off the status quo, and since the status quo is the problem, those who own / control AI will use it to maintain the status quo, guaranteeing that what's broken...
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Apr 7, 2026 /
Trump Swayed By Netanyahu to Launch War on Iran
US officials believe that Israeli Prime Minister Benjamin Netanyahu convinced President Donald Trump to attack Iran during a meeting in February.  According to US officials speaking with The New York Times, Netanyahu told Trump on February 11 that the US and Israel could install a new government in Iran by military force and supporting the […]
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Jun 5, 2026 / Tyler Durden
US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3%
US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3% With Wall Street expecting a strong - not great - number, and a modest decline from April's 115K, moments ago the BLS reported a shocker: in May the US added 172K jobs... ... not only a 4-sigma beat to the median estimate of 88K, but also above the highest estimate of 125K. The change in total nonfarm payroll employment for March was revised up by 29,000, from  +185,000 to +214,000, and the change for...
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