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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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Feb 18, 2026 / Dave DeCamp
US Bombs Somalia for 35th Time This Year
US Africa Command on Wednesday announced that its forces launched another airstrike in Somalia on February 16 as the Trump administration continues its record-breaking bombing campaign in the country. AFRICOM said the strike targeted the ISIS affiliate in Somalia’s northeastern Puntland region, about 43 miles southeast of the Gulf of Aden port city of Bosaso, […]
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Jun 8, 2026 / Tyler Durden
OpenAI Files Confidentially For IPO, Joining SpaceX and Anthropic In Capitalizing On AI Frenzy
OpenAI Files Confidentially For IPO, Joining SpaceX and Anthropic In Capitalizing On AI Frenzy
The rush by AI companies to go public before the window closes (i.e., "market conditions" emerge) entered its final lap late on Monday, when OpenAI joined its two mega peers in filing for a blockbuster IPO that could value the ChatGPT creator at more than $1tn as it races rival Anthropic to list its shares publicly, following an imminent offering by SpaceX.
OpenAI said it had confidentially submitted a draft IPO prospectus to the US Securities and...
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May 5, 2026 / Dave DeCamp
Top US General Says Iran’s Attacks ‘Below the Threshold’ of Restarting Bombing Campaign
The US military’s top general said on Tuesday that Iran’s recent attacks in the region were “below the threshold” of the US restarting its bombing campaign against the Islamic Republic, as the US continues to downplay the flare-ups in the Strait of Hormuz that occurred a day earlier. “Since the ceasefire was announced, Iran has […]
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