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Shale Giant Diamondback Is Boosting Oil Output "Immediately" On Soaring Prices
Shale Giant Diamondback Is Boosting Oil Output "Immediately" On Soaring Prices
With oil prices soaring to multi-year highs, it was only a matter of time: Diamondback Energy, one of the largest shale oil producers, announced it is boosting crude output in response to rising prices caused by the Iran war.
The company that operates in the Permian Basin of West Texas and New Mexico is pumping more than 520,000 barrels a day, 3% more than its original full-year guidance, and plans to sustains those levels, Chief Executive Officer Kaes Van’t Hof...
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Jun 8, 2026 / Kyle Anzalone
Trump Claims Israel Has No Choice But to Accept Deal with Iran, Netanyahu Says He Will Do ‘Whenever Necessary’
President Donald Trump asserted he calls the shots in the Iran war and can force Israel to sign a peace deal. Shortly after the President’s remarks, Israeli Prime Minister Benjamin Netanyahu said he would do whatever is necessary to defend his country. “He won’t have any choice,” Trump told the Financial Times on Sunday. “I […]
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May 18, 2026 / Jason Ditz
Israeli Strikes Kill Seven in Lebanon, Overall War Toll Passes 3,000 Killed
Israeli airstrikes have continued again today, killing at least seven people across Lebanon, including the leader of the Palestinian Islamic Jihad (PIJ), who was assassinated, along with his teenage daughter. They were killed in an attack on a refugee camp near Baalbek. The attack have brought the Lebanese Health Ministry’s total war death toll over […]
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Sep 3, 2026 / Tyler Durden
All Bubbles End In Deflation
All Bubbles End In Deflation
Authored by Bill Bonner via DailyReckoning.com,
We begin this week’s perambulations with a stroll into the future.
So far…the Bubble in the US is broader than any in history. It has been inflating everything it touched for the last 30 years.
All bubbles pop, of course. How they pop is the confusing whirlwind we enter today.
But don’t worry. Even in the worst crash, real wealth doesn’t disappear, it just changes hands. When the stock market goes down, those with stocks have less paper wealth…and less of a claim...
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