Not good. “.. if payments accompanying 20% of the world’s oil and gas can move through a digital pipe that the US Treasury cannot see, then America’s dominance of global finance has effectively been handed an expiry date.” Bloomberg Opinion bloomberg.com/opinion/articl…

Taotao❤️🇦🇺🇺🇸🇮🇱🇯🇵❤️ Yeah terrible, he wants peace. Absolutely abhorrent for a pope to have this stance.

The vast majority of the “dislocation between physical and paper barrels” is very simply extreme backwardation, meaning the steep premiums for spot deliverable barrels (as BBG referred to them today, ASAP barrels) relative to later-dated cargoes. Crude futures curves have

Sawyer Merritt We could unleash American innovation if y’all didn’t vote for Luddite Reps who defund science. Also health insurance is a massive burden on American businesses and for the middle class, we pay 20K a year & have 10K deductibles. It’s crazy people want to keep this system

For those still behind: Melania's Epstein presser yesterday ("I was not a participant") was almost certainly driven by Amanda Ungaro, an Epstein victim who had a child with Paolo Zampolli, who brought Melania to the US. Zampolli just got Ungaro deported; she's vowing revenge. 1/

Absurd and inhuman violence is spreading ferociously through the sacred places of the Christian East, profaned by the blasphemy of war and the brutality of business, with no regard for people’s lives, which are considered at most collateral damage of self-interest. But no gain

🙋‍♂️Economics undergrad and finance major here (sorry, not journalism) No matter who took over after a sudden stop then restart of global economy that shifted the demand for good vs services materially was going to have high inflation. Nobody with a brain can dispute otherwise.

Who would've though this guy would be the front runner to be the governor of California

One of Elon’s baby mamas wants you to know how Republican pay-for-play influence gigs work

Rational Yankees Fan They’re a playoff team. That’s it & probably because of their great pitching & #99. Otherwise, this team is not winning shit. The bottom of the order is essentially giving away 5 innings worth of outs every night.

There are hundreds of tankers with nothing to do, since 10%of the global crude supply is out of commission. They are heading to the US, as there is crude and products from the US going at favorable prices relative to Asia and Europe (inventories are high, especially in the Gulf

I grew up in a time when the Catholic Church was in steep decline, bleeding out from unspeakably horrific crimes perpetrated by generations of Priests and Nuns that were finally exposed to the world. The Church seemed unwilling to do anything, let alone apologize to the many

Texas oilmen watching the world show up at U.S ports to outbid American refiners for crude. The U.S is already at a 2.2 million b/d deficit. They are about to get a windfall and you are about to get a massive spike in gas prices.

Megan Basham Robert A. George Megan: I earnestly feel for you on this, because you're so right to be troubled by it, but also, for years, people have kept telling you: this is a terrible man who consistently behaves in outrageous ways that degrade society and set a bad example for children. Given your

Nice piece from katie brigham on the US transformer market. Solid-state transformers can obviate the need for inverters for solar--so the US could use dumb Chinese panels with its own smart power electronics.

What is the North Sea physic mkt, and how should the gap between the paper and physical markets be resolved? Every time I post about the physical market, I see a lot of complaints about why oil prices aren't rising further. Many ppl even criticize me, claiming I’m not explaining

“Back in my day players hit for better average.” Back in your day they’d have put Paul Skenes on trial for being a witch if they saw this.

I know we're all looking at oil. But live cattle just rose above $2.5 per lb for the first time (to an all-time high). The BBQ season in America is going to be rather expensive for flipping burgers.