Kevin Warsh’s Impossible Mission

Spain-Style Blackout Risk Rises As ERCOT Flags Boston-Sized Data Center Loads Tripping Offline The Electric Reliability Council of Texas (ERCOT) gave the market another concrete reason to stop pretending the grid can absorb unlimited hyperscale load growth on top of an already strained generation mix.  In a May 21st report, ERCOT disclosed that multiple clusters of proposed data centers and crypto facilities failed voltage ride-through testing. When subjected to simulated routine voltage disturbances, such as the kind caused by transmission faults, capacitor switching, or equipment issues, four groups of these large...

A suspected US drone strike hit a vehicle carrying two alleged al-Qaeda members in Yemen’s southeastern Hadramout province on Tuesday, China’s Xinhua news agency has reported. A local security source told the news agency that one of the men in the vehicle was killed while the other was wounded. So far, there’s been no confirmation […]

Third Round of US Strikes Hits 140 Targets After Hormuz Ship Attack; Iran Retaliates On Kuwait, Jordan Bases Update 1210ET.  The escalation cycle intensified overnight and into early Sunday as the US conducted its third round of strikes this week, while Iran enforced its declared closure of the Strait of Hormuz and launched retaliatory attacks across multiple Gulf states. CENTCOM confirmed strikes began around 7:15 p.m. ET Saturday night, hitting approximately 140 Iranian military targets. These focused on degrading IRGC capabilities to threaten commercial shipping, including radars, missile/drone sites, launch systems, and...