WTI Rises After Big Inventory Drawdowns Across Energy Complex, Huge SPR Drop, Record Exports

What 122 Universal Basic Income Experiments Actually Show Authroed by Vance Ginn via the Daily Economy, Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal basic income. Recent pieces in Newsweek, the LSE Business Review, and Fortune have all helped push the idea that AI may soon wipe out so many jobs that Washington will need to send everyone a check. Image Credit: Shutterstock That makes for a catchy headline. It also makes for terrible economics. The right question is not whether AI...

DEI Practices Reduce Productivity, Cost $94 Billion Annually: White House Economic Report Authored by Travis Gillmore via The Epoch Times, Diversity, equity, and inclusion practices negatively impacted the U.S. economy, according to the 2026 White House Economic Report released April 13.  Researchers calculated that DEI policies reduced output and lowered the country’s gross domestic product by about $94 billion each year, amounting to approximately $1,160 per year for families with two working adults.  “These estimates imply that DEI promotion has led to inefficient management, raising the cost of doing business,” the report reads. “These...

China Tests Directed Energy Beam That Recharges Drones Mid-Flight Authored by Bojan Stojkovski via Interesting Engineering, A Chinese research team has successfully tested a wireless power transfer system that beams energy from the ground to a drone in flight using microwaves.  The setup relies on a mobile emitter that directs energy to an antenna array mounted beneath the aircraft, enabling continuous power delivery without physical connections. Notably, the experiment maintained stable transmission even while both the drone and the ground unit were moving, marking a step beyond static demonstrations.  Representational image of a...