The Plumbing For Vast Defense Spending Needs To Be Set Up

Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia By Tsvetana Paraskova of OilPrice.com The Houthi threats to shipping in the Red Sea and its chokepoint, the Bab el-Mandeb Strait, have forced at least one oil tanker carrying Saudi crude to Asia to choose the much longer route through the Suez Canal, the Mediterranean, and around Africa. The supertanker Olympic Luck, partially laden with Saudi crude at Yanbu on the Red Sea, transited the Suez Canal into the Mediterranean late on Sunday, according to shipping data monitored by Bloomberg. The U-turn...

Europe Scrambles For Innovation And Defense As US Decouples From "Global Order" For decades the European elites have pretended as if US integration into the progressive agenda is an afterthought on the way to a liberal Utopia.  The EU has long criticized Americans as backwards in their principles and politics, while at the same time being desperately dependent on American consumers, American innovation and American military might.  They simply never considered the possibility that the US might walk away from the old post-war arrangements. Well, now it's happening and the European...

MP's "Strong" Quarter: Accelerated Production, Long-Term Agreements With Major Tech Companies MP Materials Corp. reported fourth quarter revenue of $52.7 million and net income of $9.4 million, or $0.05 per diluted share, yesterday reflecting a sharp year-over-year improvement driven largely by price floor protection under its agreement with the U.S. Department of War. Full year revenue rose 10% to $224.4 million as the company ramped separated product output and began generating magnetic precursor sales.  MP said in a press release yesterday that operationally, 2025 marked a step-change in upstream and midstream execution. MP...