Vance Suggests Iran Conflict Could Drag Through Midterms, But At Least We're Not Calling It A War

Oil Prices Extend Gains Amid Possible Saudi East-West Pipeline Hit, Russian Refinery Outage Update(1240ET): Iran state IRIB reports a new thermal anomaly detected near an oil pipeline in Saudi Arabia's Yanbu region, suggesting Saudi East-West oil pipeline has been targeted once again. However, any further information or confirmation has not been forthcoming. Regarding the Ukraine war, Russia's Ryazan oil refinery, about 200 km southeast of Moscow, was hit again overnight and is reportedly on fire. Oil prices extend gains. US CRUDE FUTURES RISE OVER $2 TO CROSS $100 PER BBL ON PERSISTENT MIDDLE...

Bechtel Splits With TerraPower As Holtec Postpones IPO Bechtel and Bill Gates-backed TerraPower are parting ways over the next phase of the Natrium reactor project in Wyoming, adding a construction headache to a sector already digesting Holtec’s postponed IPO. According to a layoff notice reported by Washington Business Journal, the companies failed to reach an agreement and “have decided to move forward separately.”  It's a hard flip from April when Bechtel was celebrating mobilization and field execution at Kemmerer Unit 1. And just last month, TerraPower was still targeting completion in 2030...

The popular pastime of modern democracies of punishing the diligent and thrifty, while rewarding the lazy, improvident, and unthrifty, is cultivated via the State, fulfilling a demo-egalitarian program based on a demo-totalitarian ideology.