Jamie Dimon, Chairman and CEO of JPMorgan Chase, released his highly anticipated 2025 Annual Letter to Shareholders on April 6, 2026. In it, Dimon delivers a sobering assessment of geopolitical risks, with the ongoing war in Iran and broader Middle East hostilities taking center stage. While the full letter spans broader economic, regulatory, and strategic […]
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Goldman Sachs has issued a stark warning: if the Strait of Hormuz remains largely closed to normal tanker traffic for just one more month, Brent crude is on track to average more than $100 per barrel through the rest of 2026 — and potentially the full year. The note, released Thursday after a fragile two-week […]
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The recent U.S.-Israeli conflict with Iran, which escalated in late February 2026 and triggered the effective closure of the Strait of Hormuz, delivered the largest supply disruption in the history of global energy markets. For over a month, roughly 20% of the world’s oil and LNG flows were choked off, oil prices spiked above $110–120 […]
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A recent clip from Net Zero Watch highlights a pointed question from Reform Scotland leader Malcolm Offord: Why are wind farms still being subsidized after decades of support? “Wind farms arrived 30 years ago, and they were given a 15-year subsidy,” Offord noted. “After 15 years, they’re given another 15-year subsidy, and then last month […]
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This ~1,200 km (745-mile) pipeline, operated by Saudi Aramco, runs from the major eastern oil fields (near Abqaiq) across Saudi Arabia to export terminals at Yanbu on the Red Sea coast. It has a maximum capacity of about 5–7 million barrels per day (bpd) after upgrades and has served as a critical bypass for oil […]
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ExxonMobil Corp. (XOM) disclosed on April 8, 2026, that the ongoing Iran war has knocked out approximately 6% of its global first-quarter production. The disruption stems from widespread paralysis in Persian Gulf energy infrastructure, including direct hits on facilities where Exxon holds stakes. While the volume loss is notable, sharply higher oil and LNG prices […]
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We are confirming the panel discussion for next Wednesday and are excited to visit with Professor Mische and Mike Ariza on this national crisis unfolding. This article is only a warm-up for next week and is really just my show notes to get questions ready. After sitting in on a town hall with Professor Mische […]
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ENB Pub Note: What Tony, whom we follow, left out is that this is a wealth transfer from the rich to the really rich. We need to look at the Levelized Cost of Energy and get a new definition. Wind and Solar have been getting a free pass without paying for Grid Resiliency. More on […]
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Brent crude prices surged from approximately $73 per barrel pre-crisis to peaks near $120 in just 10 days following the effective closure of the Strait of Hormuz on March 4, 2026. The International Energy Agency (IEA) has described this as the “largest supply disruption in the history of the global oil market,” with Gulf producers […]
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President Donald J. Trump delivered a no-holds-barred message on Truth Social today that is already sending shockwaves through global energy markets and diplomatic circles. In a post targeting “allies” who sat on the sidelines during U.S. and Israeli operations against Iran, Trump declared that the era of America single-handedly guaranteeing safe passage for Middle East […]
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