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"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives
"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives
Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the more serious issue is building downstream, where the Russia-Ukraine war, strikes against energy infrastructure, and continued disruptions around the Strait of Hormuz are fueling the refined-products "perfect storm" we have repeatedly warned about.
Oil extended gains this morning, with Brent trading around $91 a barrel after another vessel attack was reported near the Hormuz...
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Feb 20, 2026 / Tyler Durden
Nvidia Favors $30 Billion OpenAI Investment, Retreating From Prior $100 Billion Commitment
Nvidia Favors $30 Billion OpenAI Investment, Retreating From Prior $100 Billion Commitment
Update (Friday):
Bloomberg reported earlier this week that OpenAI is nearing completion of a new funding round that could raise more than $100 billion. Separately, the Financial Times reported on Thursday that Nvidia is close to finalizing an investment of about $30 billion in OpenAI, a significantly smaller amount than the $100 billion commitment agreed upon last year.
FT cited people familiar with the funding round who said the "final stages" have begun and that Nvidia's $30 billion equity...
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Aug 2, 2026 / Tyler Durden
J.R.R. Tolkien, The Atomic Bomb, & The Perils Of Power
J.R.R. Tolkien, The Atomic Bomb, & The Perils Of Power
Authored by Jonathan Miltimore via The Epoch Times,
On Aug. 6, 1945, the Enola Gay dropped “Little Boy” on Hiroshima, instantly killing tens of thousands and marking the first use of a nuclear weapon in warfare.
Three days later, a second bomb, “Fat Man,” was dropped on Nagasaki.
Within days, Japan surrendered, bringing World War II to an end.
For most Americans, the bombings were greeted with celebration. Polls at the time revealed that nearly 70 percent of Americans said the bombing was a...
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Jul 12, 2026 / Tyler Durden
"The Same Monstrous Theme... Collectivism"
"The Same Monstrous Theme... Collectivism"
Authored by Toni (@ToniLL22) via X,
Ayn Rand was right when she wrote these words, and she is still right now.
“Fascism, Nazism, Communism and Socialism are only superficial variations of the same monstrous theme: collectivism.”
That is the part too many people refuse to understand.
These systems may use different slogans.
They may wave different flags. They may promise different futures.
One may speak in the language of nationalism, another in the language of equality, another in the language of compassion, another in the language of revolution.
But underneath the...
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