With the GFC, Covid, SVB, and Liberation Day, throwing money at the problem or putting out a statement was enough to put out the fires. But energy is molecules and the Fed can’t print molecules.
The answer for The Red Sea was “a lot more than was feasible”.
Most good analysts also said “if this starts and goes on a few weeks or more allocate to shotguns and baked beans”. Lots of nasty path dependent stuff re shut-ins, restarts, infra damage etc.
Related: why better macro shops have commodities specialists whose strategy never scales to size of rates or equities businesses but perform a valuable “canary in coal mine” service.
Pretty cool stuff that we let European chemicals start to die because energy and then went all in on a region that is extremely geographically vulnerable.
Giving this energy from Key and Peel
FT comments section this morning - saying what everyone else is thinking, right?
Remember, a good chunk of the admin would otherwise teach or subscribe to day trading webinars
Der Milliardär Henning Conle gilt als diskreter Unterstützer der AfD und als Phantom. Nun geben Recherchen des SPIEGEL, des Stadtmagazins »Tsüri« und des WAV Recherchekollektivs Einblicke in Conles Immobilienreich.
We have it all under control
*laughs in Ukrainian*
Lol
The #FOI Amendment Bill is officially dead.
This is a victory for civil society, which has worked collectively to ensure this Bill – which would have harmed our democracy – did not become law.
Long live transparency! #auspol
i think there is a very simple explanation for this, at least in 2026. the cultural apparatus orbiting around Trump lives in a world entirely governed by short feedback loops.
gambling
social media
meme stonks
junk cryptocurrency
LLMs
This is it folks. The best most clear eyed post for some time
The thing to understand about relying on fossil fuels is it is like being a sex worker who needs a pimp and each and every one of them will at some point in time beat you up. You just never know when or which or why in advance. #EnergySky
We are going to go from losing old tankers to US losing vessels its going to go great
The main reason UK energy prices are so high is not net zero but the fact the price of gas still sets the price of electricity. Breaking that link should be the priority.
It might be part of a broader plan www.zinebriboua.com/p/under-beij...
On February 22, 2026, Naval Ravikant tweeted: "If you're unwilling to defend your country in time of war, then you're a tourist, not a citizen." As of March 3, 2026, the tweet has been deleted.
deleted his tweet as soon as an actual war popped off
This is a good moment for Europe & UK to remember that they can stick up wind and solar, insulates houses, far quicker than they can find new gas in e.g. North Sea
If you're chasing more gas, it's now a case of which unreliable regime you prefer to depend on
news.sky.com/story/market...
Just last week the German government gutted the heating law which was supposed to drive a transition away from gas.
The timing could not have been worse: Gas prices are up 50% today and this crisis could worsen significantly. This will happen again and again and the consumer pays the price.
Because most significant disputes include narcissism of small differences between various forms of laksa and nasi lemak.
You notice how quiet China has been?
That's because you never interfere with an enemy who is in the process of destroying himself.
EXCLUSIVE: At more than 30 installations, U.S. commanders told troops the war on Iran is a Christian war.
The Military Religious Freedom Foundation has been “inundated” with more than 110 complaints.
One NCO said they were told the U.S. war is to bring about Armageddon and the return of Jesus…
Parlay at the End of Days - a few thoughts on what to do when the pre-eminent world power is at least partially led by a millenarian cult.
And now, heed their voice, but be sure to warn them and tell them about the protocol of the king who will reign over them. 10 Samuel told all the words of HASHEM to the people who had requested a king of him. "He said, "This is the protocol of the king who will reign over you: He will take away your sons and place them in his chariots and cavalry, and they will run before his chariot; 1he will appoint for pr himself captains of thousands and captains of fifty, to plow his furrow and to reap his harvest, and to produce his implements of battle and the furnishings of his chariot. 13 He will take your daughters to be perfum-ers, cooks, and bakers. 14He will confiscate your best fields, vineyards, and olive trees, and present them to his servants. 15 He will take a tenth of your grain and vines, and present them to his officers and servants. 16 He will take your servants and maidservants and your best young men and your donkeys and press them into his service. ' He will take a tenth of your sheep, and you will be his slaves. 1On that day you will cry out because of your king whom you have chosen for yourselves - but HASHEM will not answer you on that day."* 19 But the people refused to listen to the voice of Samuel. They said, "No! There shall be a king over us, 2 and we will be like all the other nations; our king will judge us, and go forth before us, and fight our wars!"* 21 Samuel heard all the words of the people and repeated them to HASHEM. HASHEM told Samuel "Listen to their voice, and crown a king for
Really interesting to read this passage warning Jews what would happen if they chose to have an authoritarian rule over them
