$6 Diesel Flashes 2008 Warning As Energy Shock, AI Slowdown Fears Fuel Perfect Storm

China's Refiners Slash Runs To Lowest Since 2017, As Asia Refiners Slow Purchases Of Mid-East Oil A little over a month ago, we explained that energy traders are "Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports", and highlighted how already razor-thin independent refiner (teapot) margins had plunged to record negative as a result of the war in Iran and government policies meant to keep prices from rising. Fast forward to today when the previously discussed dynamics have gotten progressively worse, and this morning Bloomnberg writes that...

New Orleans Becomes First Major U.S. City To Let AI Answer 911 New Orleans is testing just how much Americans are willing to trust artificial intelligence when the stakes are considerably higher than writing an email or ordering dinner, according to the New York Post. The city has begun allowing an AI system to field certain 911 calls, apparently making it the first major U.S. municipality to put a bot directly between emergency callers and human operators. The idea is largely about volume. New Orleans' emergency communications center receives more than 1,000...

During an independence day ceremony in Israel on Tuesday, the Israeli government honored an extremist rabbi known for bulldozing homes in Gaza and calling for Israel to “flatten” the Palestinian territory. According to The Guardian, Rabbi Avraham Zarbiv was one of fourteen people chosen by the Israeli government for their “extraordinary contribution to society and […]