Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar

Oil Prices Extend Decline After The Largest Crude Inventory Drawdown In History, Cushing 'Tank Bottoms' Loom Oil futures are down bigly this morning following comments from President Trump that the war in Iran would be ended "very quickly," but investors remained uncertain about the potential for de-escalation. "We're going to end that war very quickly. They want to make a deal so badly, they're tired of - this should have happened for 47 years," Trump told a group of Congress members at the White House's annual congressional picnic on Tuesday. "Somebody should...

Southern Co. Electricity Sales Soar On 42% Data Center Growth By Diana DiGangi of UtilityDive, The company has 28 large load projects representing 11 GW under contract, and Georgia Power’s first-quarter capital expenditures increased year over year from $1.6 billion to $2 billion. Southern Company reported 2.3% year-over-year growth in retail electricity sales across its utilities for the first quarter of this year, driven predominantly by data centers. Overall, data centers used 42% more power compared to the first quarter of 2025, according to company officials and Southern’s quarterly report to the Securities and Exchange...

As Los Angeles Hits "Breaking Point" Population Exodus, Houston's GDP Rockets Higher California - which spends nearly 40% of taxpayer revenue ($95.5 billion, not including federal funds) on social services that's rife with  fraud - and which spends roughly 25% of its $95.5 billion Medi-Cal budget (free healthcare) on illegal immigrants, is in the midst of a massive population exodus due to housing affordability, crime, taxes, wildfires, parental rights, and homelessness.  And while San Francisco and Los Angeles compete for the biggest cesspool in the country, LA county just took the crown when it comes to population...