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"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock
"We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock
Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the "world is on borrowed time" and that the Gulf energy shock will develop into a food crisis unless LNG flows resume through the Hormuz chokepoint.
"We are on borrowed time. Every day this trade remains closed and every day production does not come back, we are building a problem for the future, and...
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Apr 16, 2026 / Tyler Durden
India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market
India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market
By Julianne Geiger of OilPrice.com
India’s central bank has told state-run oil refiners to stop buying dollars in the spot market and instead use a government-backed credit line.
That matters because oil is priced in dollars, and refiners are some of the biggest buyers of dollars in the country. When they all go into the market at once to pay for crude, it puts direct pressure on the rupee. That pressure has been building for weeks.
The Reserve Bank of...
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Apr 11, 2026 / Tyler Durden
'I Have A Dream'...
'I Have A Dream'...
Authored by 'no01' via Gold and Geopolitics substack,
I have a dream where politicians live next door to you...
Not metaphorically.
Literally...
The man who voted to rezone your street works three doors down. His kids go to the same school as yours. When he raises the local tax rate and the potholes don’t get fixed, he drives over those same potholes every morning. And when the community has had enough, they let him know. Loudly. Personally. The way humans have held each other accountable for most of history, before...
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Apr 21, 2026 / Tyler Durden
NewMexit: Secession In The Southwest?
NewMexit: Secession In The Southwest?
Authored by Stephen Anderson via The Mises Institute,
Lea and Roosevelt counties in the US state of New Mexico (NM) in 2026 are seeking to secede and join the state of Texas.
“There was a state representative or two from New Mexico who were expressing frustration with the government in Santa Fe,” Texas State Representative Carl Tepper said.
“They have expressed an interest in being annexed by Texas, . . .”
Their action is referred to as “NewMexit.”
Ludwig von Mises wrote many times that a group of people in a sovereign...
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