New York Times:
“In a prolonged conflict, the combination of higher energy costs, disrupted logistics and a generalized confidence shock would constitute a meaningful drag on global trade volumes at precisely the moment the world economy was still digesting the inflationary and growth consequences of the tariff shock,” noted analysts at ING, a bank. “The mother of all bad timings
Fears of disruption to shipping on the Strait of Hormuz, the crucial waterway on Iran’s southern border through which a large share of the world’s oil and gas passes, upended energy markets. Oil prices continued to surge, with Brent crude oil, the global benchmark, rising more than 6 percent, to $83 a barrel, the highest level since mid-2024.
Natural gas prices soared. European natural gas futures jumped for a second day; prices have roughly doubled over the past two days. A measure of gas cargoes in Asia rose 45 percent on Tuesday.
—–
Ask yourself the simple question: why does China have 50,000 kilometers of high-speed rail — roughly 30,000 miles — and the United States has not one mile? Why is Chinese infrastructure advancing at a pace that would have seemed impossible a generation ago while American
infrastructure is literally falling apart? The answer is not complicated. China does not go to war. The United States is in nonstop, undeclared war. War that is never voted on, never debated, never honestly accounted for.
The cost is not just money. It is freedom. It is the steady transformation of this republic into a military state — one that funds foreign carnage while its own people live on crumbling foundations, both literal and figurative.
Continue reading “Oil, Gas Surge. Sun, Wind, Prices Stable”


