Zelensky Claims Ukrainian Forces Downed Iranian Drones in the Middle East

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

The Quiet Revolution Reshaping America's Energy Future Authored by Haley Zaremba via OilPrice.com, The geothermal revolution includes both shallow geoexchange systems, such as The Riverie high-rise which uses boreholes for heating and cooling, and deeper, more technologically advanced "enhanced geothermal" techniques. Enhanced geothermal aims to make this alternative energy source viable anywhere by borrowing advanced drilling technologies from fields like hydraulic fracturing and nuclear fusion to access the Earth's core heat. The sector is gaining momentum with significant investment from major tech figures like Bill Gates and Google, and is projected by the...

US Ambassador to Israel Mike Huckabee said on Monday that the US and Israel are “absolutely aligned” on the need to “deal” with Iran as Washington continues building up its forces in the Middle East to prepare for a potential attack on the Islamic Republic. Huckabee made the comments when addressing the Conference of Presidents […]