Alarming West Texas Oil Theft Emerges As National Security Threat

Geopolitical Reality Has Ended The Rush To Renewables Authored by Rashid Hudain Syed via The Epoch Times, The world is quietly abandoning the fantasy that renewables alone can guarantee energy security. The U.S.–Israel war on Iran exposed how vulnerable the global economy remains to disruptions in fossil fuel supply chains. Any disruption in the Strait of Hormuz quickly affects global fuel prices, inflation, and energy costs worldwide. For years, Western governments pushed rapid decarbonization and a transition away from oil and gas. But war and supply disruptions have exposed how difficult that transition...

The Cost Of The Grain That Feeds Half The World Just Posted Biggest Monthly Surge Since 2008 Asian rice prices logged their biggest monthly gain in nearly two decades in May, as a Gulf energy shock collides with an expected El Niño event later this year. The spike adds to the mounting risks of a broader food price shock that could emerge as soon as six months from now. Any time rice prices spike, it is a major concern because the grain feeds more than half the world's population, estimated...

Dallas Fed Mfg Activity Holds Near One Year High Despite Plunge In Respondent Sentiment On Iran War The Dallas Fed Manufacturing Index continues to straddle the unchanged line, and despite a tiny dip from 0.2 in February, the highest print since July, to -0.2 in March, just below the 1.5 median estimate, the index remained near the highest level in a year and absent a modest and brief, post-Trump election spike, this remains one of the highest prints since mid-2022. Curiously, the headline index barely dropped even though most index components...