Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis

Germany's Nuclear Confession Is A Crack In Net‑Zero Pretense Authored by Vijay Jayaraj via PJMedia.com, German Chancellor Friedrich Merz has called the nuclear phaseout a “serious strategic mistake” that left Germany short of firm power that turned the Energiewende into the most expensive energy transition on the planet. This is an early marker for a developing worldwide retreat from policies that sidelined nuclear power and demonized coal, oil, and natural gas. German and Japanese Nuclear Embarrassment Germany stubbornly closed its last three functioning nuclear reactors in April 2023 right in the middle of a crippling...

Revolutionary War Cannons Hidden For 240 Years Go On Display A remarkable collection of Revolutionary War artifacts that lay hidden beneath the Savannah River for nearly 240 years is now on public display in Georgia's oldest city as the nation marks America's 250th anniversary, according to Fox News. The Savannah History Museum officially unveiled 19 cannons recovered from the river as part of its new Loyalists & Liberty: Savannah in the American Revolution exhibit. Historians say the discovery represents the largest cache of 18th-century artillery ever recovered from a single Revolutionary...

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week's final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y has traded between 3.50% and 5%. The auction also priced...