Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History

EU Imposes Drastic Tariffs on Chinese Goods: Is A Trade War Looming? Submitted by Thomas Kolbe Tensions in international trade policy are escalating on multiple fronts. After the U.S. Supreme Court initially declared the tariff regime implemented by President Donald Trump since April of last year unlawful, it appears the administration has explored new ways to stabilize its tariff policy going forward. The signs on the international trade front continue to point toward turmoil. Not least, it is the ramped-up Chinese export machine that is increasingly in the crosshairs of U.S. protectionism...

US New Home Sales Tumbled In April As Prices Soared With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down  Source: Bloomberg Overall, new home sales have really gone nowhere for four years... It seems lower mortgage rates did nothing to help new...

China's Breakthrough Lithium Battery Could Double EV Range To 600+ Miles, Survive -94°F Temp Authored by Bojan Stojkovski via Interesting Engineering, A team of researchers in China has unveiled an all-weather electrolyte designed to boost the performance of lithium batteries across a wide range of conditions. Scientists based in Shanghai and Tianjin report that batteries built with the new hydrofluorocarbon-based electrolyte delivered more than twice the energy density of conventional designs when tested at room temperature.  Fluorine-based electrolyte could improve EV and drone battery efficiency. Beyond efficiency gains, the team says the chemistry...