NASA Head Adds Lunar Base, Nuclear-Powered Mars Rocket To Space Road Map

Citi Calls Aerospace, Defense Stocks "Close To Major Tactical Bottom" After Brutal Selloff US aerospace and defense stocks have been tracking lower as Polymarket odds assign Democrats a higher chance of taking the Senate. The chart below shows the S&P 500 Aerospace & Defense index approaching bear-market territory, down roughly 20% from its summer high, as Polymarket's implied probability of Democratic Senate control topped 64%. A nearly 20% slide in aerospace and defense stocks is drawing interest from trading desks looking to buy the dip, though stepping in now risks catching a...

The Petrogas-Dollar: Symptom Or Strategy? Authored 'No1' via Gold and Geopolitics substack, Three people sent me Richard Medhurst’s petrogas-dollar piece this week. I read it. Twice even. There’s a lot in there that I feel is correct. The chronology of the Levantine Basin deals. Cheney’s 2001 National Energy Policy. The roughly $35 billion of Chevron contracts signed across Israel, Syria, Greece, and Cyprus in the past six months. None of that is in dispute. The piece is, on the facts, broadly accurate. What I think though is that the reading of those facts is faulty. Some history.  In 1944 Bretton...

The Iran War Has Turned VLCCs Into $650,000-A-Day Assets Authored by Julianne Geiger via OilPrice.com, More Gulf oil is moving again. Getting it out now costs a fortune. Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record $647,000 per day on Thursday, according to Baltic Exchange data cited by Bloomberg. That is more than ten times the rate a year ago-and nearly 27% above the $510,000 reached just ten days earlier. The spike comes as Persian Gulf producers increase crude shipments through the Strait of Hormuz despite the continuing Iran...