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18.05.26 - 10:24
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Why the Price of Oil, Beef, Electricity, and Everything Else Makes No Sense | Odd Lots (Bloomberg)
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Whether it's the price of a barrel of Brent crude or a pound of beef, it's clear prices are skyrocketing for all kinds of goods and commodities. Price shocks and shortages are, if anything, the way consumers understand the economy right now — at the grocery store or at the gas pump. We have not one but two perfect guests to talk to us today, our favorite commodity specialists: Bloomberg Opinion columnist Javier Blas and Lorcan Roche Kelly, the business editor at Irish Farmers Journal. Today's episode — which was recorded on stage at Wilton's Music Hall in London as part of our first ever show outside the US — covers how the world's farmers feel about US trade policy, why today's energy shock is so different from 2022's, the true impact of the UAE leaving OPEC, and why it's going to get harder to buy hard cheese in the near future. (Source: Bloomberg)...
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18.05.26 - 08:18
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More than 100 UK datacentres plan to burn gas to generate electricity (The Guardian)
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Requests for gas connections by operators amount to more than 15 terawatt hours per year, endangering climate targetsMore than 100 new datacentres in the UK plan to burn gas to generate electricity, some potentially doing so permanently.British officials say this is an inevitable consequence of a years-long wait to connect to the National Grid, and raises an “interesting question” about the UK's climate targets. Continue reading......
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17.05.26 - 15:48
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Attack Drone Hits Near UAE Nuclear Power Plant (ZeroHedge)
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Attack Drone Hits Near UAE Nuclear Power Plant
Abu Dhabi authorities report that a kamikaze drone struck an electrical generator outside the inner perimeter of the Barakah Nuclear Power Plant in Al Dhafra. Officials said there were no injuries, no impact on radiological safety levels, and no disruption to plant operations.
Dubai-based newspaper Gulf News cited the Federal Authority for Nuclear Regulation, which said the one-way drone attack on the Arab world's first commercial nuclear facility did not affect the safety of the nuclear power plant or the readiness of its essential systems. FANR added that all systems were operating normally as of late Sunday.
Barakah operates four APR-1400 reactors with a combined capacity of 5.6 gigawatts, generating about 40 terawatt-hours annually, or about 25% of the UAE's electricity. Any successful attack on Barakah would cripple the UAE's power grid.
The incident comes as the broader U.S.-Iran truce remains fragile, with President Trump recently descr...
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