The Great Disconnect: When Wealth and Productive Ability Diverge

Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected Iraq is sending a warning shot to OPEC: raise Baghdad's oil production quota to better reflect its capacity and fiscal needs, or risk yet another defection from the oil-producing cartel. "The ministry currently has no intention of withdrawing from OPEC, and we remain committed to operating within the organization's framework and mechanisms," Oil Ministry spokesman Salim Al-Rikabi told Bloomberg via a text message. Al-Rikabi warned, "Of course, taking into consideration that the Ministry is moving forward with...

Goldman Flags Tightening Power Grid In Texas Amid Rapid Data Center Growth Goldman shared some of their thoughts on the tightening of power markets as the decade comes to a close. ERCOT’s own Preliminary Long-Term Load Forecast now sees baseline peak-summer demand (excluding most medium and large loads) growing at a 5.2% average annual rate from 2026 through 2030. This is already well above the 3.4% realized average of 2022-2025.  Layer in the medium- and large-scale additions, overwhelmingly data centers plus crypto and industrial electrification, and the forecast explodes to 31%...

Meet The Stupidest Spring-Breakers In America: "Who The F**k Is Ayatollah?" Fox News found who might be the dumbest spring breakers in all of the United States - and you will feel dumber listening to what they have to say. Fox producer Johnny Belisario hit the beaches in Florida and fired off multiple questions at partiers on current events, ranging from the U.S. and Israel’s war against Iran to President Donald Trump’s performance. When asked what he thinks Trump “has been doing recently,” one woman with no shame replied, “The Gulf of...