I'm quite shocked as well. Who could have thought that. Just a further 50-90% down and then SpaceX is valued reasonably.
IEA said Iran War created the worst fossil-fuel disruption in history. Price of oil stayed below $150.
Why? Biggest reason: China cut its demand by 5 million barrels a day.
Some say it's a mystery. But @davidfickling.bsky.social says public data explains it.
🎁🔗 www.bloomberg.com/opinion/arti...
Kate Mackenzie
David Roberts
Renewables-plus-storage is so cheap that in large parts of the world it is cheaper to build a whole new clean power plant than just pay for the fuel and maintenance for a fully-depreciated gas generator.
Renewables aren’t just threatening new-build gas — they are undermining existing plants.
People are still underestimating how much the prospects of LNG growth in Asia are totally busted.
Even setting aside the Hormuz factor, the economics are just brutal: 🧵
www.bloomberg.com/opinion/arti...
How does rampant #assetisation and variation in #assetmanagement affect social conflicts?
Our special issue co-edited with @theobourgeron.bsky.social in New Political Economy proposes a framework to analyse such asset struggles and brings together 7 papers with key empirical studies.
🧵
NYTimes picks up the empire suicide watch interview - free link
www.nytimes.com/2026/06/19/o...
the better, longer version here: phenomenalworld.org/interviews/e...
@70sbachchan.bsky.social @katemac.bsky.social
@phenomenalworld.bsky.social
Jan Fichtner
It’s the biggest conundrum in the world economy right now: How has China managed to go on an oil detox?
"All of this is a huge diversion of resources and deflection from the task at hand. As one of us likes to say, when you’re in a climate hole, stop digging … and burning fossil fuels. It really is, at some level, that simple."
Exxon Mobil Corp. appears to think buying an Australian LNG producer might be the best way to make the most of global energy markets after the re-opening of the Strait of Hormuz. That could be a costl...
‘Termination shock’: trust our expert warnings on geoengineering’s planetary risks | New op-ed in @theguardian.com by Ray Pierrehumbert (@climatebook.bsky.social), Julia Slingo, @valmasdel.bsky.social & yours truly: www.theguardian.com/commentisfre...
