Author of, "The Real Oil Shock: How Oil Transformed Money, Debt, and Finance". Economic historian & writing at the Spark
https://the-spark.ghost.io/
Also published in Liberal Currents, OilPrice.com, and the New Republic.
Ryan C. Smith
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Worth noting the repeal of the export ban goes back to 2015 and was passed through Congress so that part isn't new, but it absolutely is key in understanding why oil markets are behaving how they are.
Kharg Island has re-entered the chat.
Spoke too soon, seeing further reports of explosions in Iran:
Initial reports: Explosions in Sirik, Hashtgerd, Abyek, and Karaj, Iran
Clean power OVERTOOK fossil generation in G7 countries last year.
Renewables alone generated almost as much electricity as gas, pushing total clean power sources past fossil in 2025.
ember-energy.org/lat...
Nigel Farage called for "pure cold rage" and that's exactly what he has now got.
Why it's time for our leaders to finally start acting against the forces of hatred now bringing racist pogroms to our streets
bylinetimes.com/2026/06/10/t...
That's what happens when you take the limits off the oil industry's ability to export, which encourages profit-seeking, compensate by draining the strategic petroleum reserve, & hope that fears of demand destruction will keep the whole mess from exploding.
#EconSky #EnergySky #ClimateSky #GreenSky
SoftBank's attempts to get a margin loan on its OpenAI stock have fallen apart
archive.ph/pV6yL#select...
This graph from Australia shows how quickly the tide is turning.
