Has Concern Over Hormuz Made Us Forget The Red Sea?

Vice President JD Vance said in an interview on “The Michael Knowles Show” published on Tuesday that the US would use the Memorandum of Understanding with Iran to “refill” global oil supplies and stockpiles and to prepare for more potential military action against the Islamic Republic. “I think what the president has told us to […]

Solar Power Generation To Exceed Coal For First Time In Texas Grids Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Annual electricity power generation from utility-scale solar projects is predicted to exceed output from coal for the first time ever in 2026 on grids run by the Electric Reliability Council of Texas (ERCOT). An aerial view of the Amazon Fort Powhatan Solar Farm in Disputanta, Va., on Aug. 19, 2022. Photo by Drew Angerer/Getty Images This year, solar power generation within the ERCOT-run grids, which cover most of the state, is...

Britain Once Led The World. What Happened? Authored by Damian Pudner via the Foundation for Economic Education, An unsettling look at the economic settlement that the UK now seems willing to accept can be found in the latest fiscal forecast, published on March 3. By the end of the forecast period, borrowing will have decreased from 5.2 percent of gross domestic product (GDP) in 2024–2025 to about 1.6 percent. Public debt stabilizes at roughly 95 percent of national income. At those levels, even small shifts in interest rates matter: The Office for Budget...