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Chevron, ConocoPhillips Warn About "Critical Shortages" Of Oil, Soaring Prices And Demand Destruction
Chevron, ConocoPhillips Warn About "Critical Shortages" Of Oil, Soaring Prices And Demand Destruction
This morning, most of the world's energy giants including Exxon and Chevron, reported stellar earnings as surging oil prices more than offset curtailed output. They also issued several loud warnings about the ongoing Hormuz blockage which is no closer to resolution.
ConocoPhillips was first, warning of imminent “critical shortages” of oil for some nations as the Iran war that has crippled global energy flows enters its third month.
The supply crunch that already pushed Brent prices up more than...
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Jul 31, 2026 / Tyler Durden
Trump Defends Anti-Weaponization Fund But Admits It's Effectively 'Dead'
Trump Defends Anti-Weaponization Fund But Admits It's Effectively 'Dead'
Authored by Jack Phillips via The Epoch Times,
President Donald Trump on Friday said that he still wants compensation for people he said were victimized by a weaponized federal government while acknowledging that a planned $1.776 billion anti-weaponization fund is “dead” after the Department of Justice walked it back amid congressional opposition and court rulings.
“It is dead,” Trump said at a Cabinet meeting on Friday.
“But I wish it weren’t, to be honest with you. I think people were horribly treated, horribly abused...
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May 7, 2026 / Tyler Durden
The Maps Are Moving: How A Supreme Court Ruling Turned The 2026 House Race Into A Republican Offensive
The Maps Are Moving: How A Supreme Court Ruling Turned The 2026 House Race Into A Republican Offensive
A few short weeks ago House Democrats were riding high. They had spent tens of millions to win a Virginia referendum that promised up to four new seats. President Trump was struggling in the polls. The path to a House majority looked plausible.
Yet in the span of roughly two weeks, a combination of aggressive Republican redistricting and a pivotal Supreme Court decision has dramatically altered the battlefield. What was once a Democratic...
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Mar 3, 2026 / Alastair Crooke
The End to Deceptive Trumpian Diplomacy
Thursday’s diplomatic negotiations (26 Feb) – for all the panglossian noise from mediators and negotiators – confirmed the essential impasse. The US demands presented to Iran were: These demands plainly were formulated to obstruct, rather than facilitate, any diplomatic solution. It reflects a strategy rooted in the viscerally-held presumption of Iranian weakness that, in the […]
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