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Philippines Becomes World's Top Solar Panel Buyer
Philippines Becomes World's Top Solar Panel Buyer
By Charles Kennedy of OilPrice.com
People in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar panels since the war in Iran started.
Top Philippines power distributor Meralco has raised prices by 10% since the Middle East conflict began in late February. Now, a median household spends around 12% of monthly income on electricity, assuming it consumes 200 kilowatt-hours, approximately the monthly average for three people.
Amid record-beating electricity...
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Oct 20, 2026 / Jacob G. Hornberger
Much Ado About Russia
Right-wing and left-wing interventionists and interventionist mainstream-press commentators are up in arms over President Trump’s decision to ease economic sanctions against Russia in connection with the Russian government’s agreement to supply diesel fuel to the United States. The notion is that nothing — not even the midterms — must be permitted to interfere with the […]
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Jul 7, 2026 / Tyler Durden
Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel
Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel
By Charles Kennedy of OilPrice.com
Russian crude oil prices have fallen back to where they were before the Middle East war, with its flagship Urals averaging just $41.66 a barrel during the first three days of July.
The drop wipes out the revenue boost Moscow received from the conflict and pressures a federal budget that assumes oil prices of about $59 a barrel.
Urals had averaged more than $59 a barrel every month since March and climbed to $60.92 in June after...
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May 8, 2026 / Tyler Durden
NJ Transit Cuts World Cup Train Fare After Backlash Over $150 Ticket Price
NJ Transit Cuts World Cup Train Fare After Backlash Over $150 Ticket Price
After getting roasted over its $150 World Cup train fare, NJ Transit is backing off, lowering the roundtrip ticket to $105 for rides between Penn Station and MetLife Stadium, according to Bloomberg.
The agency had defended the original price as necessary to handle massive game-day crowds, with roughly 40,000 extra riders expected per match. That explanation didn’t land well, considering the same trip usually costs about $13.
Bloomberg writes that Mikie Sherrill pushed for a cheaper option and told the...
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