Tiny Supply Cut Triggers Huge Gas Price Surge
If you need 100% of something and I take 2% of it away, you don't have enough of it. So, then, the market needs to reduce your demand by 2%. As it turns out, Americans will pay a lot for gas so that 2% requires a large price increase.
Fire Hits UAE Oil Hub as Iran Threatens Retaliation
Fire at UAE's major Fujairah oil hub, as Iran vows retaliation for US attack on Kharg Island https://t.co/5FZnHQsJ4j
Unsupervised Tesla Robotaxi Test Highlights Autonomous Future
Just dropped a new #AutonomyMarkets episode. Watch or listen on your favorite podcast player. We Rode in a Tesla Unsupervised Robotaxi and Walked the Cybercab Line $TSLA, $GOOGL, $UBER, $AMZN, $KDK https://t.co/ks2RE2wR0r
Washington Post Cuts Nearly All Arts Critics, Ending Legacy
Glad this story is being told but I’m extremely disappointed that it fails to mention that The Washington Post has laid off nearly all of its arts critics A decades-deep legacy of arts coverage has been destroyed here and it hurts...
Double Standards: Free Trade for Us, Tariffs for Rivals
Free trade for my inputs; tariffs for my competitors. A tale as old as time.
Iran's Military Claimed Destroyed, Still Launches Attacks
“We have already destroyed 100% of Iran’s military capability” and “but it’s easy for them to send drones, drop mines, or shoot missiles” https://t.co/rFsTB96ha4
Oil Still Below 1990 Gulf 200 DMA Record
The only record oil has not yet broken is the #1990Gulf 200 DMA extension playbook https://t.co/DJgyk7HJqv
India Seizes Iranian Tankers, Echoing US Sanctions Drive
Via the FT. India had seized the Iranian tankers in alignment with the US’ campaign to crack down on flows of sanctioned Iranian oil. https://t.co/SDTJmAkK6R
Innovision IPO Price Shift: Is It Still Attractive?
Innovision IPO Price Change What's the Final Decision now? Attractive or Not? https://youtu.be/BL5QievtKsk #ipo #ipoalert #innovisionipo
Reminders Of Him Tops Opening Weekend, Beats Prior Hoover Film
New romance #RemindersOfHim opened to $8M on FRI incl pre-shows. CinemaScore is a B while RT aud score is faring better with 89%. Opening wknd #boxoffice looks on track for about $19M beating out last pic based on Colleen Hoover novel,...
Saddam Expected Quick Win; War Lasted Eight Years
For idiots w/either short memory or lack of historical curiosity/sophistication, a reminder that Sadam w/U.S. support invaded S. Iran in 1980 to grab a contested area thinking that it would be a "matter of days" w/an Iran "weakened" by...
Judge Denies Epic's Dismissal Motion, Loss Expected
Another big Epic litigation update, as Judge Fillmore denied Epic's Motion to Dismiss in full in Texas v. Epic. It’s a loss, but somewhat of an expected one, as the state specific 91a pleading standard is a low bar. https://t.co/S9eI9qwFOV
US Lacks Effective Red Sea Escort, Shipping Still Unsafe
Breakdown of @POTUS statement: 1️⃣Allied warships took over the Red Sea after Operation Prosperity Guardian in Yemen. Shipping traffic did not return. 2️⃣If they can still send a drone, mine or missile, than you have not destroyed 100%. While the...
Federal Intervention Shapes Oil Prices Amid Iran Tensions
Thank you @JMathieuReports and @tylerskendall for having me on @business Balance of Power yesterday, just before Secretary Burgum, to talk about oil, Iran, SPR, pump prices, and the federal government intervening in oil futures markets. @RapidanEnergy https://t.co/0RqDeHN4qa
White House Plans for Iran; Asks China for Warships
So let’s see if I got this right: The White House had anticipated (and prepared) for Iran to close the Strait of Hormuz. And part of that response is for the President to ask via social media geopolitical foes like...
Shipowners Risk Mines and Missiles to Smuggle Oil
Lured by Profits, Some Shipowners Brave Mines and Missiles to Sneak Oil Past Iran https://t.co/rCFiJE3YzS
Drone Strike Halts Fujairah Oil Loading After Kharg
The response after Kharg Island? Some oil loading operations in the UAE port of Fujairah, just outside the Strait of Hormuz, have been suspended after a drone attack and fire on Saturday morning. https://t.co/rhA5ofo80y https://t.co/SkhA67PyzU
Hoppers Soars to $100M Club on Strong Word‑of‑Mouth
Customer satisfaction is paying off for #Hoppers which will rule the #boxoffice over Oscar wknd. $7.1M 2nd FRI going to about $29M for 2nd wknd giving Pixar pic a drop of just 37%. Domestic cume will climb to $87M in 10 days,...
New Investors Linked to Trump Back Major Media Deal
"Some of the new investors have ties to the administration: --> Larry Ellison, a co-founder of Oracle, is friendly with Mr. Trump and is backing the acquisition of Warner Bros. Discovery by his son, David Ellison, the chief executive of Paramount -->...
Only 6% Register, $166B Refunds Unclaimed
The gov't says only 6% of eligible companies have registered their payment details to receive tariff refunds. $166B in refunds at stake. People hate money.
Starlink Dominates D2D; Terrestrial Networks Still Superior
Good to see the #cluelesscult finally acknowledging that my Feb 2023 predictions that 1) Starlink would dominate the D2D market and 2) D2D performance will never match terrestrial networks were both totally correct...
Gulf States Seek Ukraine's Defense Expertise Amid Iranian Threat
“Never interrupt your enemy when he is making a mistake.” – Napoleon Iran threatening Ukraine only reinforces why many Gulf states are seeking Ukraine’s expertise after years of defending against Iranian drones and Russian missiles now being used against sovereign countries...
Only 20% of Stranded Bulkers Cleared Through Hormuz
36 bulk carrier transits of the Strait of Hormuz Of around 240 bulkers stranded in the Arabian Gulf nearly 20% have transited out via the Strait of Hormuz since the Iran war started says Signal Ocean https://t.co/tnMA4QjJ1W
Undertone's Friday 13th Debut Stalls at Modest $8M
New horror pic #undertone kicked off its release with Friday the 13th launch of $4.4M incl THU pre-shows. C CinemaScore here and RT aud score of only 54%. Opening wknd #boxoffice might get to around $8M.
Analysts' Oil Forecasts Serve Producers, Not Truth
One of the things I learned after Russia invaded Ukraine is that many commodity analysts are in bed with oil producers and ship owners. They forecast terrible oil price spikes and financial Armageddon to keep the West from being tough....
National Chains Threaten Neighborhood Charm Through Collective Rent Choices
“Tragedy of the commons” in interesting neighborhoods: Each individual owner incentivized to rent to national chains, due to their higher credit-quality. But, once too many do, the neighborhood loses what made it interesting in the first place.
Meta's Actions Spark Alabama's Push to Ban Solar
How Meta Made Alabama So Mad It’s Threatening to Ban Solar #energysky -- via Heatmap News https://t.co/oIwyZX7bZE https://t.co/9yN0C2ZnNA
Trump Claims Planes Unharmed, Hints at Concealed Iranian Damage
Trump confirms that 5 refuelling planes were affected when Iran bombed an airport in Saudi Arabia as reported by the Wall Street Journal… However, he insists the planes were not damaged…. Well, it’s a sign that a lot of damage...
Ryanair's Unpaid Claim Leads Bailiff to Seize Plane
Ryanair Refused To Pay A Delayed Passenger $1,182 — So A Bailiff Boarded Its Boeing 737 And Seized The Plane - View from the Wing https://t.co/1jGevwMAxU
World Enters New Era of Energy Insecurity
From this week's @TheEconomist: "Whatever happens, the world is entering a new era of energy insecurity" For more see me & Meghan @ForeignAffairs: "Green Upheaval" (2021) "The New Energy Order" (2022) "The Age of Energy Insecurity" (2023) "The Return of the Energy Weapon" (2025)
Double Standards: Norwegian Gas Okay, British Gas Condemned
Help me out here, economists. Why is it okay to burn Norwegian gas but not British gas? It's a bit like saying it's okay to be a drug addict as long as you don't grow your own.
Will Lewis’s Turmoil Highlights Post’s Leadership Crisis
some scoops in here: -Things got so bad between Will Lewis and Matt Murray that Matt told Will he was out -Jeff Zucker+Gerry Cardinale explored a deal for The Post in 2023 -Will Lewis lashed out at his execs after Bezos sent him...
Paris Proves Bike Beats Car, Sets Global Example
PARIS: The city’s transition away from the car has become a global role model. Under mayor Anne Hidalgo @annehidalgo, Paris was “the most influential city in the world”, says Canadian urbanist Brent Toderian. Hidalgo, stepping down after 12 yrs, exulted:...
Iran’s Yuan Demand Threatens Petrodollar, Ships Bottlenecked
Did the Greek tanker owner pay in Chines yuan? What will Iran’s payment demand mean to the petrodollar? And the quantity of ships stuck in the Strait?
Energy Leads YTD; Financials and Bitcoin Lag
Brent & WTI crude oil leading YTD, Energy strong, gold hanging in there Financials & bitcoin weakest https://t.co/B5BLF2EwNT
Iran's Warning Threatens UAE Ports, Strait Oil Flow
Iran telling civilians to get out of UAE ports. After the attack on Kharg. What will it mean to maritime, the Strait, and oil?
Trump’s War Decision Could Empower Iran’s Long‑term Threat
Good thread on 4 major crises that Trump faces after stating the war. One question: if Trump does just declare victory and end it just to get us out alive, will the Iranians end it? Seems likely they’d just keep...
Defining ‘Encourage’ Builders: Details Matter for Preservationists
The devil is in the details. What does “encourage” builders actually mean? Because I think many historic neighborhood preservationists would agree … depending on what the actual mechanism was.
Former Oil Alarmist Shocked by Market’s Ongoing Calm
Spent most of my career talking down the endless stream of unjustified oil market alarm. Now I’m acutely alarmed to the point of disbelief, the oil market is still shockingly sanguine, and I feel like this guy. https://t.co/5r44qi5Dxz
Redbird Execs Considered Buying Washington Post in 2023
Redbird’s Gerry Cardinale and Jeff Zucker expressed interest in buying Washington Post in 2023, per @nytimes: https://t.co/v5fCZ26uuf
Etihad Makes Chicago Its Largest US Market
Etihad Airways is expanding service to Chicago (ORD) in a major way, as the city will become Etihad's biggest market in the United States. What's driving this expansion? https://t.co/3cPXLKFwZa
Find Deals by Targeting Problems, Not Listings
REAL ESTATE PLAY: If you want to find deals, stop looking at listings. Look for problems. Vacant houses. Pre-foreclosures. Inherited properties. Those situations create motivated sellers. Opportunity usually hides behind inconvenience. RealEstatePlayOfTheDay
Trump Says U.S. Strike Threatens Iran’s Oil Lifeline
Trump Warns Iran’s Oil Lifeline at Risk After Major U.S. Strike on Kharg Island https://t.co/Z3xrAY5dPF
Iran's Crisis Now Centered on Oil
In our second ever The Glass Half Full, @sonusvarghese and I discuss the latest in Iran. At this point, it is all about 🛢️. https://t.co/OCFY56KH0d
Rent Control Scares Investors, Stalls Boston Housing Projects
An investor who funds development told me they've delayed a Boston apartment project's start until after the election for this reason. Rent control = NIMBYism.
Finance's Quirks: Gold, Coffee, and Glinting Aluminum
Three of my favorite stories (so far) from the highly educational and entertaining Lloyd Blankfein book. 1. Fischer Black’s (as in the Black-Scholes model) observation on gold trading that why not just leave it in the ground and trade on it...
Tariffs Fail to Boost Manufacturing Jobs, May Reduce Payrolls
"One thing becoming clear: tariffs on foreign imports didn't result in an increase in manufacturing payrolls (and may have directly resulted in the opposite)." 🙀 https://t.co/zvrbKgPxg3 https://t.co/h5DLBYPjf6
PSKY Predicts Leaner
On a somewhat related note, read a $PSKY analyst report this week with FY30e DTC revenues at ~$30 billion, with non-content expense at ~$3.8 billion. By comparison, when Netflix revenues reached ~$30 billion (FY21), total OpEx was ~$6.2 billion, with...
IEA Warns Hormuz Crisis Could Trigger Historic Oil Disruption
‘The largest supply disruption in the history of the global oil market’: IEA’s take on the Hormuz crisis https://t.co/H9zKo9tCi4
Self‑Certification of Truck Schools Is a Government Failure
“Wipe the whole thing and start all over.” In reference to the self-certification of truck driver schools. It’s one of the most ludicrous things that the government has ever done in trucking and that is saying a lot.