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The Plumbing For Vast Defense Spending Needs To Be Set Up

The Plumbing For Vast Defense Spending Needs To Be Set Up By Michael Every of Rabobank In response to Iranian strikes on ships using the Omani route in Hormuz, the US has struck Iranian air defense, missile, and drone sites in the Strait and suspended its oil sanctions waiver. These are clear breaches of the MoU, and we will now see if Iran escalates --it says it will take “decisive” action-- with the risk of war if the US is also prepared to go that route. We suspect the US will...
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Feb 25, 2026 /
US, South Korea Will Hold Major Military Drills in March
The US and South Korea announced they will hold the annual Freedom Shield war games in March.  Freedom Shield is a large-scale military drill held in South Korea each Spring. The war games will run for 10 days in mid-March, with 18,000 troops participating. Army Col. Ryan Donald said the war games will be accompanied […]
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Jul 9, 2026 / Tyler Durden
Study Finds Self-Driving Cars Crash More Often, But Cause Far Fewer Injuries
Study Finds Self-Driving Cars Crash More Often, But Cause Far Fewer Injuries Self-driving cars may be involved in more crashes than human drivers on a per-mile basis, but the evidence suggests those accidents are generally far less likely to result in serious injuries or fatalities, according to Aulsbrook Car & Truck Lawyers. A review of autonomous vehicle safety data found self-driving vehicles are involved in about 9.1 crashes per million miles traveled, compared with roughly 4.1 for human-driven vehicles. However, the report found autonomous vehicle crashes are typically much less severe,...
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Apr 5, 2026 / Tyler Durden
OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens
OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens With the world's attention glued to every headline out of Iran, it is understandable why today's OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it's not as if even OPEC+ could do much to offset the supply shock.  Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle...
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