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German Power Supply Startups Exit Market As Wholesale Prices Soar
German Power Supply Startups Exit Market As Wholesale Prices Soar
Authored by Michael Kern via OilPrice,
Two startup electricity retailers in Germany have recently announced they would cease operations as spiking wholesale prices amid the gas price surge are pressuring the industry again, and this time the pressure is compounded by plans for renewable policy changes.
Renewable electricity provider Grüüün, part of Münch Energie Group, early this month said it would discontinue servicing about 200,000 residential customers as of October 31, 2026, and these will now have to switch to other providers.
Grüüün,...
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Jul 4, 2026 / Tyler Durden
Six California Cities Ranked Among Top 10 Least Educated In US
Six California Cities Ranked Among Top 10 Least Educated In US
Six California cities ranked among the top 10 least educated metropolitan areas in the United States, according to a report by WalletHub published on June 29.
Looking at the 150 most populated metro areas, the city of Visalia ranked as the second least educated, while Bakersfield was fourth, and Modesto, Fresno, Stockton, and Salinas followed.
All six are in central California.
The other four metros that rounded out the top ten were all in Texas - McAllen-Edinburg-Mission, Brownsville-Harlingen, Beaumont-Port Arthur, and El Paso,...
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Jul 13, 2026 / Tyler Durden
Comfortably Bomb
Comfortably Bomb
By Michael Every of Rabobank
Hormuz update: Comfortably Bomb
Summary
The US-Iran MoU appears to have collapsed sooner than we had thought.
With both sides striking the other, US efforts will turn to ensuring energy can flow through Hormuz ‘the hard way’ via escorting ships through it.
For now, markets are saying the US can ‘comfortably bomb’ and ‘there is no pain’ even if the ‘MoU are receding’, mostly due to finite SPR drains and low Chinese oil imports.
That gives the US a window for action: if it can...
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Apr 23, 2026 / Tyler Durden
Curious Timing: Ukraine Declares Druzhba Pipeline Repaired After New Hungarian PM Elected
Curious Timing: Ukraine Declares Druzhba Pipeline Repaired After New Hungarian PM Elected
Ukraine announced Tuesday it completed repairs to the damaged Druzhba oil pipeline and stands ready to resume pumping Russian oil to Europe, a step Ukrainian officials expect will unlock a long-delayed EU aid package.
The timing is quite interesting and surely not coincidental given that Hungary's newly elected PM Péter Magyar and his victorious Tisza party are now in Budapest rapidly preparing for the transfer of power in Hungary. Magyar just accomplished a dramatic landslide defeat of Viktor Orbán...
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