FAA Lifts Nationwide Ground Stop After Comms System Crash; Flight Disruptions Could Stretch Into Tomorrow

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

Could The War In Ukraine Go Nuclear? Authored by J.B. Shurk via American Thinker, Too many influential voices are contemplating how to ‘win’ a nuclear war... With all eyes on the U.S. military buildup around Iran right now, the Russia-Ukraine War has been temporarily upstaged.  It will not play second fiddle for long.  The recent trilateral talks in Geneva involving the Russian Federation, Ukraine, and the United States have been unable to resolve a principal issue of disagreement: Ukraine’s martial-law-president Volodymyr Zelenskyy’s refusal to cede any land and Russia’s insistence that the Donbas region — specifically the four eastern territories that have...