Wildfire And Drought Risks Spike As California Enters Dry Season With Just 18% Snowpack

As has often been the case lately, this weekend saw the Israeli military escalate the rate and intensity of strikes against southern Lebanon, punctuated by heavy artillery strikes and airstrikes against Kfar Tebnit. Direct bombardment of multiple towns has been the defining feature of recent Israeli operations in Lebanon. The government has made much of […]

Vistra In Line For $4 Billion Nuclear Loan As Washington’s Lending Spree Continues The Trump administration plans to offer Vistra roughly $4 billion in loans to uprate an additional 433 MW from its Perry and Davis-Besse plants in Ohio and Beaver Valley in Pennsylvania, Bloomberg reported Friday. Energy Secretary Chris Wright could announce the package Monday during a visit to the Perry plant.  Earlier this year, Meta signed a deal with Vistra for electricity from the same three power plants. The 20-year power purchase agreements (PPAs) cover 2,176 MW of existing...

Wheat Futs Surge To Three-Year High As JPMorgan, HSBC Warn Global Food Shock Is Brewing Wheat futures surged to a three-year high on Wednesday morning as traders repriced a nasty convergence of supply risks across the global agricultural supply chain. Ongoing drone and missile attacks on critical Black Sea shipping and port infrastructure are constraining Russian and Ukrainian exports, while severe Northern Hemisphere heat waves and disruptions in the Strait of Hormuz are amplifying concerns that another food-inflation cycle could rear its ugly head next year. Bloomberg reported that the most-active...