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Oil Prices Extend Decline After The Largest Crude Inventory Drawdown In History, Cushing 'Tank Bottoms' Loom

Oil Prices Extend Decline After The Largest Crude Inventory Drawdown In History, Cushing 'Tank Bottoms' Loom Oil futures are down bigly this morning following comments from President Trump that the war in Iran would be ended "very quickly," but investors remained uncertain about the potential for de-escalation. "We're going to end that war very quickly. They want to make a deal so badly, they're tired of - this should have happened for 47 years," Trump told a group of Congress members at the White House's annual congressional picnic on Tuesday. "Somebody should...
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Jul 10, 2026 / Tyler Durden
Advanced US Nuclear Battery Deal Targets 3000 MW Power With $22.5 Billion Pipeline
Advanced US Nuclear Battery Deal Targets 3000 MW Power With $22.5 Billion Pipeline Authored by Aman Tripathi via Interesting Engineering, Energy project facilitator GridMarket and nuclear technology developer Deployable Energy have formed a commercial agreement to deploy modular microreactors across the United States. The 40-year contract carries an estimated total value of $145 billion. The collaboration follows a recent successful operational test by Deployable Energy.Deployable Energy  The initiative intends to install more than 3 gigawatts (GW) of electrical capacity by 2035, focusing primarily on data centers, cloud infrastructure facilities, and industrial manufacturing plants. "Demand...
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Aug 9, 2026 / Tyler Durden
Apple Tests Chinese Memory Chips As Supply Crunch Pushes PC Giants Toward CXMT
Apple Tests Chinese Memory Chips As Supply Crunch Pushes PC Giants Toward CXMT After months of lobbying the Trump administration for clearance to purchase Chinese memory chips, Apple appears to be nearing the point where it can tap China's domestic chip market. The push follows what the iPhone maker has described as "unsustainable" pricing from the memory "cartel," namely SK Hynix, Samsung, Micron, and SanDisk, whose production has been soaked up by unprecedented demand from hyperscalers.  The Wall Street Journal reported Sunday morning that Apple is closer than ever to using memory chips...
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May 21, 2026 / Tyler Durden
We Are 6 Months From Global Food Shortages Because Farmers Are Facing A Quadruple Whammy Crisis
We Are 6 Months From Global Food Shortages Because Farmers Are Facing A Quadruple Whammy Crisis Authored by Michael Snyder via TheMostImportantNews.com, We have never faced anything quite like this. Diesel fuel and fertilizer have become far more expensive as a result of the conflict in the Middle East, and extreme weather is playing havoc with crops all over the planet. Here in the United States, we just experienced the driest first three months of a year in recorded history. No, that isn’t an exaggeration. Now a “Super El Niño” is coming, and...
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