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Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave
Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave
Building on our earlier "Global Demand Destruction" note, which mapped how the Gulf energy shock is spreading globally and the immediate effects of rationing, price controls, and fuel shortages, another second-order disruption is quickly emerging: supply chain disruptions in critical plastic feedstocks.
Plastics are core to the modern economy, and a troubling new Bloomberg report indicates that several producers of monoethylene glycol (MEG) and purified terephthalic acid (PTA) have declared force majeure, as tanker flows through the Strait...
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Apr 4, 2026 / Carlos Boix
The Myth that Won't Die: "War is Good for the Economy"
One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.
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Mar 3, 2026 / Dave DeCamp
Trump Says US Has ‘Virtually Unlimited’ Munitions to Fight Wars ‘Forever’
President Trump insisted in a post on Truth Social on Tuesday that the US has “unlimited” munitions to fight wars “forever,” an apparent response to the concern over the US depleting its air defenses and other types of munitions in its war with Iran and questions about how long the conflict will last. “The United […]
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Mar 4, 2026 / Jason Ditz
Eleven Killed as Israel Pounds Christian-Majority Area of Beirut
At least 11 more people have been killed today as Israel continues its airstrikes against Lebanon, with substantial focuses of the strikes being residential areas and a hotel in the Christian-majority part of the capital city of Beirut. The Comfort Hotel, in between Hamzieh and Baabda, was directly across the street from the Sacre Coeur […]
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