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Barclays Warns Potential US Diesel Export Ban Could Backfire
Barclays Warns Potential US Diesel Export Ban Could Backfire
Senate Majority Leader John Thune revived discussion of a potential US diesel export ban with reporters Tuesday, a day after Interior Secretary Doug Burgum said any export halts on crude or petroleum products were unlikely to lower consumer prices. The divergence in messaging suggests growing pressure across the Trump administration to contain surging fuel costs ahead of the midterm elections as the global refining crisis pushed the US diesel crack spread to a record $117 a barrel early Wednesday morning.
US Diesel...
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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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Mar 23, 2026 / Tyler Durden
Gold's Biggest Fire-Sale In 43 Years: Perception Vs Opportunity
Gold's Biggest Fire-Sale In 43 Years: Perception Vs Opportunity
Authored by Matthew Piepenburg via VonGreyerz.gold,
If you are new to gold, or if you are a speculator in gold (or even worse, a levered speculator in gold), you are likely asking yourselves what in the “H. E. double tooth-picks” just happened to gold?
It lost over 9% in the futures market in a single session and saw its worst week of price declines since February 1983.
What gives? Gold loves chaos, and isn’t the current war, whatever you think of it, pure chaos?
And...
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Apr 29, 2026 / Tyler Durden
Billionaire Tim Draper: You Should Be Scared If You Don't Own Bitcoin
Billionaire Tim Draper: You Should Be Scared If You Don't Own Bitcoin
Authored by Micah Zimmerman via Bitcoin Magazine,
Speaking on the Nakamoto Stage, Tim Draper told attendees that bitcoin has entered the financial mainstream and that governments now roll out “the red carpet” for the industry. He said the community is “starting to feel like something is happening” as adoption grows, and he cast that shift as the early phase of a larger transition in the money system.
In his view, people will move in stages: first from dollars to stablecoins,...
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