AI demand is reshaping the global electricity landscape
โWe also talk about the AI industry's seemingly insatiable demand for electricity, and how this is rippling across the entire energy landscape. This is part of the long term trajectory of the energy layout which seems to have been altered, no matter what happens immediately with the conflict in Iran.โ
โA US. Air Force officer who, along with another crew member ejected from a jet shot down in Iran on Friday, was rescued by US forces Sunday morning. Tasnim News Agency, affiliated with Iran's Revolutionary Guard, says at least five people were killed by US and Israeli forces involved in the operation.โ
Physical and financial oil markets showed extreme decoupling
โWe had two different prices going at the same time. We had the the Brent, the futures price, which was always saying, well, this is gonna end and prices are gonna come down. And then there was the dated Brent, the near term, which said, we are having a major dislocation and prices are really going up. And we've never seen that dislocation on that scale before. It was like two different visions of the world almost.โ
โAssuming there's actually a ceasefire and that Iran is interested in respecting it, it's going to be at least a couple of months. Reopening of the straits will be slow because it may have been mined. Also the logistics of getting all the ships that are trapped in out and the ones that are out in will be slow.โ
โIn a post on x Sunday, Swalwell said he was suspending a campaign that has been imploding since multiple women alleged that the San Francisco Bay Area Democrat had sexually forced himself on them. Swalwell had been gaining momentum in the race, winning key endorsements and leading other Democrats in pre election polls.โ
โFor nearly a week, slow moving convoys of tractors and trucks have blocked major highways and roads across the country, including some of the busiest streets in Ireland's capital, Dublin. Protestors are demanding more support from the government as fuel prices continue to rise because of The US and Israel's war against Iran.โ
Israel destroys Iran's steel manufacturing capacity
โIsrael is now focusing on targeting Iran's steel and petrochemical industries, which are important for Iran's economy and military. Prime Minister Netanyahu said in a video statement that Israel's military strikes in Iran have destroyed the majority of Iran's capabilities to manufacture steel.โ
Asia faces the most severe energy security threats
โI think from the industry point of view, they saw there there are major dislocations, and those dislocations are playing out unevenly across the world. Asia hit the hardest, Europe feeling it, and then The US mainly seen it in terms of rising prices at the gasoline pump, but no problem getting supplies. But in Asia, a big problem getting supplies.โ
โIran's ability to control the Strait against a much stronger military is a demonstration that the balance of global power is changing, with profound ramifications for countries around the world. We discuss how different regions are being affected, and how it will change their calculus when it comes to energy security.โ
โRory McIlroy is donning a green jacket once again after winning the Masters Golf Tournament in Augusta, Georgia, his second in a row. He held off challenges from several players in the final round, including Scottie Scheffler. McElroy now has won six majors.โ
Damaged energy infrastructure slows oil production restart
โRepair, there's been a lot of damage to infrastructure. We don't know how bad. Takes time to get the crew in. There's also restart. A lot of the oil fields have been damaged in Iraq and in other places. You can't turn them on fast with old infrastructure, or you can damage the fields.โ
Hormuz closure is the mother of supply chain shocks
โWell, it was that in fact a nightmare scenario that had been in not only for energy, but for strategic planners for decades had happened. I think it's one of those things that people looked at as a scenario but thought it would never happen, but then it happened. And it does change the world and it changes the way people think about energy. We've had supply chain shocks, but this was the mother of all supply chain shocks in terms of the closure of the Strait Of Hormuz.โ
โPresident Trump says the US Navy will block the Strait Of Hormuz from all ships, and the US military says that starts tomorrow. This after peace talks between The US and Iran and Pakistan yesterday failed to produce a deal.โ
โFirst, Northwest blooms were teased open by a mild winter and warm spring temperatures. Then, whack, freezing temps hit, killing the blooms before they get pollinated. Matthew Whiting is a professor who specializes in cherry trees at Washington State University Research Station in Prosser.โ
Trump threatens Iranian infrastructure via ultimatum
โPresident Trump has given Iran until tomorrow to reopen the Strait of Hormuz, which carries about one-fifth of the world's oil supply. Or the US will strike Iran's infrastructure. Today, he renewed that threat. In profane language, he said that otherwise Tuesday will be Power Plant Day and Bridge Day.โ