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.
US Lifts Anti-Dumping Duties on 13 Italian Pasta Brands
"The US Department of Commerce has cut anti-dumping duties on 13 Italian pasta brands following an investigation into alleged export undercutting, Italy's Foreign Ministry announced." https://t.co/2KrLcSuyUY https://t.co/7S8ssbunhj
Khamenei Demands US Base Closures, Threatens Iranian Retaliation
Mojtaba Khamenei’s message to neighbouring countries contained in a long missive posted today — Close down the US bases or face continuing attacks from Iran. Full post here: https://t.co/1a5kYUwIts https://t.co/ubVQ0YNSHV
Truck Capacity Is a Commodity; Drivers Are the Bottleneck
A decade ago, a CFO of a mega fleet told me I knew nothing about the industry because I called trucking a commodity. Commodities are priced based on supply and demand and truckload services are fungible between motor carriers - I.e....
Spotify Partners with SeatGeek for Live Event Discovery
Spotify and SeatGeek teammed up to let users discover live events tied to the artists they listen to. Personalized recommendations and notifications surface events across Spotify, directing users to SeatGeek’s platform to compare options and purchase official tickets. Participating venues include SeatGeek’s...
Truck Driver Glut Persists, Not Shortage, Says Industry
I am looking forward to the day when the ATA publishes a new report showing how many excess truck drivers the industry has. We have a glut, not a shortage.
Fed Independence Now Secured by Courts, Not Norms
The Fed won a sweeping court victory Friday. But the fact that it needed one tells you everything about how much has changed. The unsealed filings are something else—the Fed catalogued 100 Trump attacks on Powell and told a court...
Tweeting to Block Housing: Crisis Triples, Legal Battles Rise
New idea: Every time a progresso tweets they also have to file a legal brief to stop a housing project from being built. Housing supply crisis tripled this calendar year. Would make ronald Reagan proud.
SIA KrisFlyer Sale Slashes Award Ticket Prices 20%
Singapore Airlines' KrisFlyer program has a global award sale, offering 20% off economy and premium economy mileage tickets in many markets. Is this offer worth it? https://t.co/ZJtYp5OSen
Klaus Schwab Seeks Swiss Watchdog Clarification on WEF Influence
WEF founder Klaus Schwab has reached out to Switzerland’s foundations watchdog to clarify how much influence he can still exert at the organization https://t.co/QV0mXK3Et1 via @bbenrath https://t.co/20K8TQ4hes
Video‑trained Robots Achieve Ten‑fold Faster Control
What if robots learned from watching videos instead of being programmed? That's the bet Rhoda AI just made with $450 million. Most robot companies teach machines "what things are." They use vision-language models trained on internet images and text, then fine-tune...
Better EVs Will Make Gas Cars Obsolete
As I was saying…it’s not that Americans didn’t want EVs, it’s just that us car makers were producing sh*t EVs. Once you have a good EV, you will never want to go back to a gas car. (See next tweet in thread...
German Minister Calls for Renewable Surge to Secure Energy
German environment minister urges a boost in renewables to aid energy security https://t.co/WYDxuC0GLW via @IsoldeMacdonogh https://t.co/5zqqXbdRMt
US Will Oppose Israel's Nuclear Strike on Iran
We need to start warning Israel against the use of a nuclear weapon against Iran. They need to be told in stark terms that any such move will lead to America becoming Israel’s explicit enemy.
Attendants Trade Job Security for Pay, Fuel United’s Regional Expansion
United Flight Attendants May Trade Away Job Protection For Higher Pay — So United Can Own A Regional Airline - View from the Wing https://t.co/yX50ewa63m
Death Ground Forces Enemies Into Irrational, Self‑destructive Actions
One thing I distinctly recall learning in my war college Strategy & Policy course (a military history overview) is the concept of "death ground" - that if you put an enemy in a position that threatens annihilation, they often do...
Iran's Navy Falls, Hormuz
The Iranian navy is destroyed, but the Strait of Hormuz remains blocked. Air power can't eliminate drones, and there's no one left in Tehran with authority to surrender. 🔒 Members-Only https://t.co/guTcPpmja7
Leadership Ignoring Data Leads to Strategic Chaos
Great reporting on the Washington Post’s conundrum in the last 15 months. TLDR: - we have to follow the data - we have to follow the data - “Mr Bezos, the data says that single-handedly canceling a political endorsement will be catastrophic for...
Oil Prices Unfazed by Massive Supply Shock
Brent above $100. WTI near $99. Strait of Hormuz shut. 20% of global oil at risk. IEA released 400M barrels from reserves — the largest ever. And it barely moved the needle. $WTI $USO https://t.co/Ue451KrbMz
Trucking's Sweet Spot: Strong Demand, Limited Overcapacity
Trucking is in a great spot right now. We don’t know what the escalation in Iran or surging oil markets will do to the momentum, but for now, this is a trucker’s market. In some ways, slower momentum may be better in...
Modern EVs: 300+ Miles, 10‑minute Top‑up
Saying "two hours to charge" on a road trip shows instantly you don't know diddly about today's EVs. My EV: ✅ can be driven 300+ plus miles ✅doesn't take 2 hrs to charge (more like 10-15 min to get enough charge to drive...
Autonomous Cars Will Turn 40% Parking Into City Parks
40% of urban real estate is dedicated to parking. This will soon change with the introduction of autonomous cars. Cities will be reimagined and redeveloped. New open spaces with downtown parks, playgrounds, shopping, and living will replace the majority of parking...
Assessing the Air Campaign’s Endgame in Iran
Re-up! What is the air campaign endgame in #Iran ? Analysis #IranWar #Defence https://t.co/qhtkN3j2VB https://t.co/GzRVfG4kVp
Strait Closure Sparks 360% Surge in Freight Diversions
I missed this project44 press release from earlier this week - Strait of Hormuz Closure Triggers 360% Surge in Ocean Freight Diversions https://t.co/u3NrIui3y3 project 44 Insights - https://t.co/fZoIuMEoDt
US Air Campaign in Yemen Ends Stalemate, Costly Failure
Extra concerning, considering the Houthis were the first target of Hegseth in his new role and we know how that went (and it's sounding all too familiar...): --> started with bravado and dumb name: "Operation Rough Rider"; Hegseth saying the goal...
Iranian Tankers Resume Loading at Kharg Despite US Strikes
Iranian tankers back to loading at Kharg this morning despite yesterday’s US strikes on the island, which currently stages the vast majority of Iranian exports.
Housing Access Could Fix America's Biggest Problems
Most of what's wrong w America could be solved by making it possible for normal, reasonably hard-working people to purchase a home.
Aramco Loads Five Crude Tankers Simultaneously—Historic First
Saudi Aramco is loading simultaneously 5 crude oil tankers in Yanbu and Al Mujjaiz terminals on the Red Sea coast. I don’t think that’s happened ever before.
Spirit Airlines Files Second Chapter 11, Aims Reorganization by 2026
Spirit Airlines is in Chapter 11 bankruptcy for the second time in a little over a year. While many assumed the airline would liquidate, the company insists it has a plan to reorganize, which will be completed by early summer...
Guardian, FT Push AI Copyright Half‑truths for Profit
Guardian and FT really going hard on the half truths in relation to the AI copyright debate today There is a serious conflict of interest in advocating for policy that would directly benefit their publications at the expense of giving the...