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25% Of US Offshore Gulf Oil Output Shut As Hurricane Isaias Nears, Threatens Refineries
25% Of US Offshore Gulf Oil Output Shut As Hurricane Isaias Nears, Threatens Refineries
Hurricane Isaias forced offshore oil and natural gas producers in the Gulf of America to halt a sizable amount of production as the Atlantic's first hurricane of the season churned toward the coast, with potential landfall impacts across portions of Louisiana, Mississippi, Alabama, and the Florida Panhandle.
Isaias had sustained winds of 75 miles per hour and was about 460 miles south-southwest of the Mississippi River mouth overnight, according to the National Hurricane Center.
Producers with offshore rigs...
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Jul 10, 2026 / Tyler Durden
Self-Flagellation Nation
Self-Flagellation Nation
Authored by Frank Filocomo via RealClearBooks,
You've probably heard the refrain before, but it bears repeating: The West is the best.
As I write this, it's nearly one hundred degrees Fahrenheit here in Brooklyn. Thank God for air conditioning.
The air conditioner, by the way, was invented by the New York-born Willis Carrier in the early part of the twentieth century. Willis was, without question, a product of Western Civilization.
Before the AC - which we, no doubt, take for granted nowadays - our ancestors, when faced with the dog days of...
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Jun 21, 2026 / Tyler Durden
Betting Against Ourselves: The Casino-ization Of America
Betting Against Ourselves: The Casino-ization Of America
Submitted by QTR's Fringe Finance
Last month I wrote about something that had been building in my mind for years: the realization that active trading was doing more harm than good in my life.
I wrote about how I had finally put systems in place to turn my trading and account management over to trusted parties who are far better and more disciplined at it than I am. I had to separate the fact that I feel great about often being an accurate prognosticator on my blog...
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Jun 30, 2026 / Tyler Durden
Trading Giant Susquehanna Lost Over $70 Million To Mystery Insider Traders
Trading Giant Susquehanna Lost Over $70 Million To Mystery Insider Traders
Trading giant Susquehanna Investment Group said it was attempting to unmask the identities of individuals it claims made at least $100 million trading on inside information about a Chinese government crackdown on cross-border brokerages last month.
The Pennsylvania-based market-maker, which says it was the counterparty on most of the alleged insider trades, sued 100 John Doe defendants in Manhattan federal court on Monday. Susquehanna is seeking to recover more than $70 million it says it lost to what it believes...
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