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Oil Prices Set To Jump After OPEC+ Raises Output By Far Less Than Expected OPEC+ will raise oil output from November by 137,000 barrels per day, it said on Sunday, opting for the same fairly modest monthly increase as in October and far less than the 500k+ speculated by the Bloomberg "source" who continues to be short oil and appears to buy every dip.  The group consisting of the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers has increased its oil output targets by more than 2.7 million bpd this year - equating to about 2.5% of global demand - as it continues the return of 1.65 million barrels a day they cut in April 2023. The process of unwinding the April 2023 cuts began last month, when they raised their collective target by an initial 137,000 barrels a day with effect from October. The month before they had completed the return of 2.2 million barrels of output, cut in November 2023, a year ahead of schedule. The eight countries will co...

Is Nuclear The Key To Powering The Data Center Boom Nainish Gupta is director of renewable energy certificate portfolio and regulatory compliance at POWWR. The Three Mile Island nuclear power plant on the outskirts of Harrisburg, Pennsylvania, is the site of the worst commercial nuclear accident in U.S. history. The 1979 calamity, which released radioactive material into the environment, cast nuclear energy as a dangerous endeavor that few organizations pursued. Now, after years of plants shutting down, nuclear energy is experiencing a renaissance. Three Mile Island will be restarted in 2027 as the Crane Clean Energy Center, in part to power data centers after a power purchase agreement with Microsoft. Meta also saved a nuclear plant in Illinois that was in danger of closing after signing a 1.1 GW deal. These two major deals signal a growing trend of hyperscalers embracing nuclear power and driving forward expansive new growth. Three Mile Island While nuclear offers stable power with low-carb...

Stablecoin Market Boom To $300B Is 'Rocket Fuel' For Crypto Rally Authored by Zoltan Vardai via CoinTelegraph.com, The record $300 billion stablecoin market capitalization may signal that more investor capital is flowing onchain, which could act as “rocket fuel” for cryptocurrency valuations, according to market analysts. The total stablecoin supply has reached a new record of over $300 billion on Friday, marking a 46.8% year-to-date growth rate that may outpace the previous year's stablecoin market growth, Cointelegraph reported. The record comes at the start of October, historically the second-best month for Bitcoin, reinforcing investor optimism around a potential “Uptober” rally. “Stablecoin supply may have crossed 300 billion dollars, but this is not capital waiting on the sidelines. It is moving through markets with purpose,” according to Andrei Grachev, founding partner at synthetic dollar protocol Falcon Finance. “Transfer volumes are in the trillions each month. Vel...

Russian Attack Targets Military-Industrial Sites In Western Ukraine, Near Poland Largescale overnight Russian attacks on Ukraine reportedly hit major arms production facilities and the energy infrastructure supplying them, according to a Russian Defense Ministry announcement. State media has listed targets hit included Sumy, Kharkov, Ivano-Frankovsk, Vinnitsa, Poltava, Chernigov and Odessa regions, with bombardments in Lviv region - not far from Poland - being particularly intense. Industrial park in Lviv on fire, via X "At least 25 facilities in the city of Lviv were reportedly hit," RT writes, which resulted in several regional blackouts. The Russia military said it struck "Ukrainian military-industrial facilities and the energy infrastructure supporting their operations," and that "The objectives of the strikes have been achieved. All designated targets were hit." The operation involved "land-, sea- and air-based precision-guided weapons, including Kinz...

Judge Blocks Trump's Portland Guard Deployment Amid Antifa Violence; ICE Targeted In Chicago Vehicle-Ramming Attack A federal judge has temporarily blocked the Trump administration from deploying roughly 200 Oregon National Guard troops to Portland, halting plans to protect federal assets and personnel amid Antifa-linked attacks on an ICE facility in the southern part of the metro area. Meanwhile, the White House is preparing to send up to 300 Guard troops to crime-ridden Chicago to combat left-wing agitators and assist federal efforts to deport criminal illegal aliens amid attacks over the weekend. U.S. District Judge Karin Immergut stated on Saturday that there was "no evidence" that protests in the city amounted to a rebellion or significantly hindered law enforcement, and that the White House's justification was "untethered to the facts," according to Reuters. The injunction will remain in place until at least October 18, pending further litigation. "The Pre...

Watch: Scott Jennings Unloads On Leftists Calling Antifa Attacks "Protests" Authored by Steve Watson via Modernity.news, The only sane voice on CNN, Scott Jennings, blasted leftists for repeatedly referring to the terroristic attacks on ICE facilities as “protests.” “I'm getting pretty sick of Democrats calling it a 'protest' when Antifa attacks law enforcement and federal facilities,” Jennings urged. “It's a disgrace that we have an American city – Portland – under siege by left-wing radicals and the locals won't do anything. Enough,” he continued, referring to Portland police. “Portland has been occupied by Antifa for quite some time,” Jennings stressed, telling the others on the CNN panel “You guys keep calling them protests. These are not protests, these are violent people, they're attacking law enforcement, they're attacking federal facilities!” ? SCOTT JENNINGS NUKES THE LEFT: "I'm getting pretty sick of Democrats calling it a 'protest'...

Dating App Fatigue Emerges  For half a century, how couples met in America was primarily shaped by family and friend networks, communities, churches, colleges, and workplaces - you know, just the traditional fabric of Western society. However, the advent of the internet and the rise of Big Tech, with its closely guarded algorithms (and now AI bots), have dramatically reshaped modern romance. Yet, new data from Goldman suggests that how couples meet, whether online or through dating apps, may have reached a major inflection point. The three-decade trend is clear: traditional networks, whether through friends, bars, or other social circles, haven't dominated how couples meet since the late 1990s. The internet changed everything. But the question now is, how sustainable is the trend of finding your partner on a dating app? This brings us to a report published by a team of Goldman analysts led by Eric Sheridan, who provided clients with everything they need to know about dating app companies ...

Race To The Financial Dung Heap Submitted by QTR's Fringe Finance As I wrote just weeks ago, I believed (and still do) that any new market collapse could come at the hands of crypto and/or stablecoins, which have in many ways become an essentially unregulated $4 trillion slush-y money market fund reminiscent of 2008. But watching the headlines coming out of commercial real estate, private credit and subprime auto over the last week or two — and I'm not certain we don't have a new leader, or leaders, in the nationally televised Race To The Financial Dung Heap™. Let's try to make this case as clear and as simple as possible, with examples and charts for people with very short attention spans, like myself. First, commercial real estate. When the pandemic hit, it didn't just empty restaurants and stadiums—it hollowed out the very premise of office real estate. Remote work turned once-bulletproof towers into stranded assets almost overnight, leaving landlords with vacant floors, plun...

Can Private Investment Unlock A New Nuclear Energy Era Submitted by OilPrice.com, As several governments aim to battle climate change by shifting away from fossil fuels and pursuing a green transition, many are revisiting a long-overlooked energy source – nuclear power. Nuclear power was at the top of many countries' energy agenda for several decades before a few notable nuclear disasters shifted the public perception of the clean energy source, and several governments halted development for years. Now, as studies show that nuclear power is one of the safest forms of energy, so long as strict oversight mechanisms are in place, we are seeing a revival in the clean energy source. However, one of the major constraints to development is the high cost of project development. Nuclear power plants are relatively cheap to run, but the cost of developing a new plant and reactor is extremely high, costing several billion dollars to set up. Many governments are funding the development of nuclear ener...

Georgia Condemns 'Coup Attempt' After Pro-EU Protesters Try To Storm Presidential Palace Chaos has once again hit Georgia's streets, as a large group of demonstrators attempted to storm the presidential palace in the capital Saturday, at a moment of controversial municipal elections. Georgia's ruling party Georgian Dream has gone so far as to describe unrest in the capital is an attempt to stage a coup in the country. "This is a direct attempt at a coup. They literally broke into the presidential palace," the ruling party's general secretary and Tbilisi Mayor, Kakha Kaladze, has said. Via Reuters Opposition parties have charged Georgian Dream with being too close to Russia and running the country based on authoritarian rule, and so called for the mass boycott of the municipal elections. Thousands of protesters were seen in Freedom Square and along the central Rustaveli Avenue. The flag of the European Union was being waved prominently alongside Georgian flags, which for rulin...

Saudi Arabia's Spending Spree Meets Oil Price Reality Submitted by Julianne Geiger of OilPrice.com, Saudi Arabia's grand Vision 2030 ambitions may be colliding with a colder fiscal reality. Fitch Ratings warned Friday that Riyadh faces rising financial risks as oil prices soften and government spending balloons, threatening the kingdom's plans for fiscal consolidation. The numbers tell the story: Saudi Arabia now expects a budget deficit equal to 5.3% of GDP in 2025—nearly double its original 2.3% forecast—before narrowing to 3.3% in 2026. The deterioration comes largely from weaker oil income, Fitch said, with non-oil revenues holding up but not enough to offset the gap. The rating agency pointed to revenue shortfalls and overspending as the main culprits, noting the massive capital outlays required by megaprojects like NEOM. This week's pre-budget statement from Riyadh signaled a shift toward tighter fiscal discipline, but Fitch noted the tension between Saudi's promises of restrai...

Was Scandinavia's Russian Drone Scare A False Flag To Crack Down On Russia's Shadow Fleet? Authored by Andrew Korybko via Substack, It's highly suspicious that Zelensky just claimed without any evidence that they were launched by Russian tankers and subsequently demanded that Europe close the straits to its shipping in response... Unknown drones recently flew in close proximity to Danish and Norwegian airports, prompting speculation among some that they were Russia's delayed hybrid retaliation against NATO for backing Ukraine's drone flights in proximity to Russia's own airports over the past few years. No evidence has emerged in support of that hypothesis, but Zelensky still dishonestly passed off such claims as fact during his speech at the latest Warsaw Security Forum. According to him, “there is growing evidence that Russia may have used tankers in the Baltic Sea to launch drones – the drones that caused major disruption in Northern Europe. If tankers used by Russia are servin...

Deterring The Next Quasi-World War: China–Russia–North Korea Versus US Authored by Joseph Yizheng Lian via The Epoch Times, Russian planes recently flew into Polish and Romanian airspace to test NATO's resolve while the world veers toward a conflict in Asia—one that could be far worse than the situation in Ukraine—where true deterrence and resolve remain largely absent. Let's backtrack a little. On Sept. 3, Beijing staged a military extravaganza to parade a full suite of fearsome weapons. Many journalists were awed, and some defeatist experts advocated Chamberlainian appeasement. Others, mostly China observers, tried decoding the seating plan of senior Chinese Communist Party (CCP) officials atop Tiananmen Square for clues about the power struggles in Zhongnanhai. However, what is often overlooked in the discussion about the event is that it represents the financing and support mechanisms behind a new type of quasi-world war. The ongoing Russia–Ukraine war is one example, and the p...

Hegseth Removes Another Top Pentagon Official Friday saw more of the expected house-cleaning and reshuffling at the Pentagon under Pete Hegseth, as Navy chief of staff Jon Harrison has been fired. "Jon Harrison will no longer serve as Chief of Staff to the Secretary of the Navy. We are grateful for his service to the Department," a Department of Defense (DOD) official said. Via The Daily Mail Harrison had been appointed to the United States Arctic Research Commission by Trump in 2020, and interestingly he from the start of the current administration became a key architect implementing Hegseth's and Trump's new vision for the Pentagon. "The sudden ouster, according to two defense officials and a former defense official, follows the confirmation this week of Navy Undersecretary Hung Cao," Politico writes. The publication further notes that Harrison made changes which also sought to limit the power and influence of the undersecretary job: POLITICO previously reported that ...

"Czech Trump" Andrej Babis Wins Election, Returns As Prime Minister In Latest European Populist Revolt Billionaire Andrej Babis's ANO party won the Czech Republic's general parliamentary election on Saturday, and is set to return as prime minister to the central European country, raising the prospect of yet another splinter government within the EU bloc that would boost Europe's populist, anti-immigration camp and reduce support for Ukraine. It was also another booming stamp of disapproval for the EU's policies.  An ebullient Babis, also known as the Czech Trump - for being a septuagenarian billionaire campaigning on a populist message and passing out red caps to ardent supporters - told supporters that ANO would seek a one-party cabinet but would talk with two small parties - including the far-right SPD - for support as his party will lack an outright majority. He again rejected accusations that his win would make the central European nation a less reliable European Union a...

"Shock Outcome:" Japan Hardline Conservative Takaichi Elected Party Leader, Set To Become First Female Prime Minister Japan's ruling Liberal Democratic Party (LDP) elected former Economic Security Minister Sanae Takaichi as its new leader, positioning her to become the country's next prime minister in a parliamentary confirmation vote expected in mid-October. Takaichi, 64, a staunch conservative and vocal China hawk, defeated her moderate rival Shinjiro Koizumi by 185 votes to 156 in a runoff at LDP headquarters in Tokyo. The victory makes her Japan's first female party president and, almost certainly, its first female prime minister since the LDP remains the largest bloc in parliament and opposition parties are too fragmented to mount a united challenge. As Goldman trader Ippei Yamaura writes, the outcome was a shock: "Before the election began, polymarket were pricing an 80%+ probability of a Koizumi victory. Odds for Koizumi dipped somewhat as local vote tallies came in, b...

Pakistan Offers Washington New Arabian Sea Port To Tap Critical Minerals Via The Cradle Advisers to Pakistani army chief Field Marshal Asim Munir proposed to US officials the construction of a new port on the Arabian Sea near the borders with Afghanistan and Iran, according to a Financial Times report released Saturday, citing a plan reviewed by the outlet. The plan envisions US investors constructing and managing a terminal in Pasni, a coastal town in Gwadar District, Balochistan. The site is described as a gateway to Pakistan's vital mineral reserves. The blueprint rules out any US military bases. Instead, it highlights development finance opportunities for a rail network linking Pasni to mineral-rich western provinces, the report says. The British financial outlet noted that the proposal was circulated to some US officials and later shared with Munir in advance of his recent meeting with US President Donald Trump at the White House.  That meeting, held late last month, followed earlier ...

Trump To Slash Refugee Admissions By 94% From Biden Levels The Trump White House is poised to dramatically reduce the number of refugees that will be accepted into the United States over the next fiscal year -- with the ceiling falling a whopping 94% from the limit set by the Biden administration, according to a New York Times report.  Citing "people familiar with the matter," the Times says a maximum of just 7,500 refugees would be admitted over the coming year, a tiny fraction of the 125,000 limit set by the Biden administration last year. Most of those slots would be reserved for white Afrikaners fleeing South Africa and its murderous violence against white people and the looming threat of uncompensated land confiscation. Afrikaners now represent less than 5 percent of South Africa's population. Earlier this year, thousands of white South Africans rallied outside the US embassy in Pretoria, South Africa to thank President Trump for his willingness to accept people fleeing anti-...

​​​​​​​After Quiet Hurricane Season Peak, Meteorologists Monitor New Development In Atlantic Basin Last year, the global-warming alarmists at Yale Climate Connections were once again citing research claiming that "human-caused climate change made many recent extreme weather events far more damaging."  A year late, Yale Climate Connections journalists are glitching because they can't explain "Another round of weird peak-season quiet in the Atlantic tropics." So what changed over the past year? Did global warming suddenly evaporate, or did the funding to push the narrative dry up? But only time will tell if these progressive Ivy League elites, operating under the Yale Program on Climate Change Communication, within the Yale School of the Environment, are right about human-caused climate change dooming the planet.  After all, Democrats have pushed narratives that span everything from cow farts and Taylor Swift's private jet to gas stoves, 2-stroke dirt bi...

Medical Group Reveals Major Role Inflammation Plays In Heart Disease Authored by Jack Phillips via The Epoch Times (emphasis ours), The American College of Cardiology recently released recommendations indicating that inflammation should be considered when trying to predict heart disease. A man walks in a hospital hallway in Irvine, Calif., on Oct. 11, 2016. John Fredricks/The Epoch Times In a report issued in the Journal of the American College of Cardiology on Sept. 29, the college said that the high-sensitivity C-reactive protein (hsCRP) blood test that measures CRP, a known inflammatory marker that increases in response to inflammation in the body, can determine whether a person is at risk of developing cardiovascular disease (CVD). “Because clinicians will not treat what they do not measure, universal screening of hsCRP in both primary and secondary prevention patients, in combination with cholesterol, represents a major clinical opportunity and is therefore recommended,” said the Amer...