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Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
The global demand destruction playbook we outlined last month, describing how the Gulf energy shock would spread across continents, is now materializing on a large scale. The International Energy Agency said in a Tuesday update that global oil demand will decline this year for the first time since 2020.
"The Iran war has thoroughly upended the global outlook for oil consumption," the IEA wrote in its Oil Market Report. "Demand destruction will spread as scarcity and higher prices persist."
The IEA...
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May 3, 2026 / Dave DeCamp
US Launches 61st Airstrike of the Year in Somalia
The US has launched another airstrike in Somalia, according to a press release from US Africa Command, as US media continues to ignore the bombing campaign. AFRICOM said in a release on Friday that its forces launched an airstrike against al-Shabaab on April 30, about 30 miles northeast of Kismayo, putting the attack in Lower […]
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May 5, 2026 / Tyler Durden
Ford Sales Post Sharp 14.4% Decline In April As EV & Hybrid Sales Plunge
Ford Sales Post Sharp 14.4% Decline In April As EV & Hybrid Sales Plunge
Ford Motor Company posted a sharp sales decline in April as demand for new vehicles cooled across much of the auto industry, with the company reporting a 14.4% drop year over year to 178,667 vehicles sold, according to Autoevolution.
The weaker month pushed Ford’s year-to-date total to roughly 636,000 deliveries — still ahead of Hyundai Motor Company and Kia Corporation, but well behind Toyota Motor North America.
Autoevolution writes that the slowdown comes as automakers face softer demand...
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Mar 27, 2026 / Daniel McAdams
New York Times: ’13 U.S. Bases Uninhabitable’ — We Could’ve Just Marched Home
For decades, Ron Paul has called for closing all foreign U.S. bases and bringing all of our troops home. “We just marched in. We should just march out.” But alas, this “American First” policy recommendation was ignored. Perpetual war was too engrained in the government and their special interest benefactors. Now, what should have been […]
The post New York Times: ’13 U.S. Bases Uninhabitable’ — We Could’ve Just Marched Home appeared first on LewRockwell.
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