Twilight’s Last Gleaming

Visualizing 75 Years Of America's Electricity Transition Over the past 75 years, the U.S. electricity system has shifted from one dominated by coal to one in which natural gas and renewables supply nearly two-thirds of generation. This visualization, via Visual Capitalist's Niccolo Conte, shows annual U.S. electricity generation by source from 1950 to 2025 using data from the U.S. Energy Information Administration. It tracks output in billions of kilowatt-hours and each source’s share of the electricity mix over time. Natural Gas and Renewables Lead U.S. Electricity Generation Coal supplied 46.4% of U.S. electricity in...

A blockade of the Strait of Hormuz sounds like a clean, decisive move until you run it through the real world: geography, international law, ship insurance, and the uncomfortable question of what happens when the other side shoots back. We sit down with Lt Col Karen Kwiatkowski to parse Trump’s threat to interdict ships tied to Iranian […]

Rate-Hike Odds Remain Low As US Producer Prices Print Cooler Than Expected In July Following yesterday's cooling (in-line) consumer price inflation data (driven in large part by energy deflation), US producer prices were expected to rebound modestly in July from a 0.3% MoM decline (headline) in June. Instead, headline Producer Prices were unchanged MoM (cooler than expected), pushing the annual change down from +5.5% to +4.7% YoY... Source: Bloomberg Core PPI (Ex Food and Energy) also printed cooler than expected (+0.2% MoM vs +0.3% MoM), dragging Core PPI YoY down to +4.2%... Final demand...