No Appetite for War at the Ron Paul Spring Conference

Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave Building on our earlier "Global Demand Destruction" note, which mapped how the Gulf energy shock is spreading globally and the immediate effects of rationing, price controls, and fuel shortages, another second-order disruption is quickly emerging: supply chain disruptions in critical plastic feedstocks. Plastics are core to the modern economy, and a troubling new Bloomberg report indicates that several producers of monoethylene glycol (MEG) and purified terephthalic acid (PTA) have declared force majeure, as tanker flows through the Strait...

Sen. Lindsey Graham (R-SC) on Sunday called for the US to capture Iran’s Kharg Island, where most of the country’s oil exports pass, comparing the potential operation to the Battle of Iwo Jima in World War II. “Here’s what I’d tell President Trump: Keep it up for a few more weeks, take Kharg Island … […]

US Ambassador to Israel Mike Huckabee has sparked a diplomatic firestorm, drawing a rebuke from 14 countries after expressing support for the idea of Israel taking over land stretching from Egypt to Iraq during an interview with Tucker Carlson. Huckabee made the comments when pressed on his Christian Zionist view that the modern state of […]