US Retail Sales Jumped Most In 8 Months In February

Germany's Nuclear Confession Is A Crack In Net‑Zero Pretense Authored by Vijay Jayaraj via PJMedia.com, German Chancellor Friedrich Merz has called the nuclear phaseout a “serious strategic mistake” that left Germany short of firm power that turned the Energiewende into the most expensive energy transition on the planet. This is an early marker for a developing worldwide retreat from policies that sidelined nuclear power and demonized coal, oil, and natural gas. German and Japanese Nuclear Embarrassment Germany stubbornly closed its last three functioning nuclear reactors in April 2023 right in the middle of a crippling...

Saudis Bypass Hormuz As Oil Exports From Yanbu Surge Toward 5 Million Target One week ago, when fears that the Strait of Hormuz blockade would mean a permanent collapse in oil supply (we have since seen that Iran is allowing "friendly" ships to cross the strait, especially if they grease the toll-keeper with $2 million per crossing) hit a fever pitch and pushed the price of Brent to $120, we said that "Saudi Arabia Has Already Revived More Than Half Its Oil Exports Via Hormuz Bypass."   With Iran blocking Saudi ships from...

Europe's EV Sales Jump 51% As Iran War Sends Gasoline Prices Soaring By Tsvetana Paraskova of OilPrice.com, Registrations of battery electric vehicles (BEVs) in Europe’s key automotive markets surged by 51% in March as the Iran war pushed gasoline prices to multi-year highs, data published by research firm New Automotive and trade association E-Mobility Europe showed on Monday. A Tesla charging on a street in Amsterdam More than 224,000 new electric passenger cars were registered in March alone across 15 key EU + EFTA markets, the analysis found. These sales accounted for as...