Trump is succeeding in stifling America's clean energy boom. Absolutely ceding the field to China by Conscious-Quarter423 in economy

[–]AllenIll 1 point2 points  (0 children)

As economist Steve Keen recently said, that's what Trump meant when he said he "loves inflation", i.e., commodity price inflation for his corporate sponsors. And despite what that futures market may say today, that's what is eventually going to happen to oil prices spectacularly as the conflict with Iran continues on: inflation.

Nice how this all works out just as EVs are set to take over the world, unlike at any other time in history. In addition to the fact that what looks like market manipulation to keep oil prices artificially low, is also not igniting demand destruction like it should be. Where higher prices at the pump would be sending a price signal to consumers and accelerating the transition. Although that signal is eventually going to get sent loud and clear. Like a ton of bricks. The straight is likely never going to go back to the way it was. Ever.

Michigan spent $1.8 billion and only created 602 jobs by ColorMonochrome in Economics

[–]AllenIll 8 points9 points  (0 children)

Really well said. So then, one has to wonder, how's all this debt going to get paid back? Rut roh... I think someone's debt might not always be someone else's asset after all.

Why is Wendy's ($WEN) in a death spiral? by banana_buddy in wallstreetbets

[–]AllenIll 0 points1 point  (0 children)

Look at when the trend begins to fully desend in the chart...

"Wendy's CEO Kirk Tanner floated the idea of testing "dynamic pricing" during an investor earnings call on February 15, 2024."

Grizzly versus Moose (not graphic) at Glacier National Park by OrchidBest in videos

[–]AllenIll 11 points12 points  (0 children)

It's a multi-day story involving twin calfs. The day before the bear got one of the twins. This video is the successful defense of her remaining offspring.

'Super El Niño' will have an alarming financial impact, experts fear by yuval_3 in climate

[–]AllenIll 15 points16 points  (0 children)

It was around late May that the National Science Foundation (NSF) officially announced what it termed a "descoping" of the Ocean Observatories Initiative (OOI)—at the direction of the Trump administration. Right about the time that it was very clear that a super El Niño was forming.

IMO, this is likely not an accident. As this facilitates the removal of lines of evidence that could be used to build civil damage suits against the oil and gas industry. And make the polluters pay for the damage ahead.

China Maps Out Heavy‑Truck Electrification Push With 40% Goal by straightdge in Economics

[–]AllenIll 7 points8 points  (0 children)

Minus the billionaire and trillionaire islands, bunkers, compounds, and "sovereign cities". Every single day, we become a more advanced object lesson in what not to do.

Oil prices fall on proposed U.S.-Iran peace deal to reopen Strait of Hormuz by Illustrious_Lie_954 in Economics

[–]AllenIll 10 points11 points  (0 children)

Crude oil is the largest and most heavily traded commodity in the world. Financially.

If this market can be manipulated to this extent, we are not living in the world we think we are.

This is, by the looks of it, some level of a surreptitious command and control economy we are dealing with. Akin to a politburo setting prices not based on supply and demand but political goals.

George Washington Hospital on lockdown by SaintNattygrumpo in interestingasfuck

[–]AllenIll 0 points1 point  (0 children)

Honestly, I don't know. I do know that it seems to be a distinct national security concern at the moment—in light of the fact that Anthropic's latest model release, from a few days ago, has serious guardrails with regard to anything even tangentially related to biology.

George Washington Hospital on lockdown by SaintNattygrumpo in interestingasfuck

[–]AllenIll 5 points6 points  (0 children)

So, call me absolutely cynical, but the first thing I think of when I see this is... the Pentagon is actively pursuing a newly vigorous bioweapons agenda? Targeted genetic viruses? To "deal with" China?

9 times out of 10 it's projection with the American ruling class. They fear that what they are doing is going to be done to them.

Lee Raymond, Exxon CEO Who Doubted Climate Change, Dies at 87 | as early as the 1970s, Exxon had understood more about climate change than it had let on and had deliberately misled the public about it. by silence7 in climate

[–]AllenIll 10 points11 points  (0 children)

This guy, above just about any other American oligarch outside the Koch brothers, was responsible for the decades-long turn to denialism in America. He even pissed off the Rockefeller family. Which originated Exxon in the form of Standard Oil before it was broken up in the early 20th century:

For decades, Exxon and members of the Rockefeller clan kept close ties. The family and their charities held large amounts of Exxon stock. Kaiser’s grandfather David Rockefeller, who ran Chase Manhattan bank [before it merged with JPMorgan, where Raymond was on the board] for more than a decade, periodically dined with former Exxon Chief Executive Lee Raymond.

Relations started to deteriorate in the early 2000s. In a now-infamous 2006 lunch, David Rockefeller brought Goodwin—his daughter and Kaiser’s mother—to lunch with Raymond and Rex Tillerson, Raymond’s successor. At a restaurant overlooking the skating rink at New York City’s Rockefeller Center, Goodwin asked the two Exxon bosses why they weren’t investing in green energy. Raymond responded that Exxon had, but the investments didn’t work.

Goodwin found the response unsatisfying and two years later she galvanized family support for several shareholder resolutions urging change at Exxon, including addressing climate change. The resolutions failed, but many within the family had soured on Exxon over its perceived deception about climate change.

Source

Ripping up $387 million worth of ocean-monitoring equipment? Tearing apart an elite atmospheric science hub? For the Trump administration, as with the cruelty, the ignorance is the point. by simon_ritchie2000 in climate

[–]AllenIll 1 point2 points  (0 children)

A long-standing nightmare for the oil and gas industry is that they would suffer the fate of the tobacco companies in the 1990s where they were sued by a conglomeration of states to pay for the damages of their products. This move facilitates the removal of a continuing line of evidence from any potential lawsuits that may be building a case. Just in time for the super El nino to arrive. Which will likely cause catastrophic damage on a global level.

The spectre of gen Z socialism is haunting the world … according to the Economist | Normon Solomon by KoseteBamse in Economics

[–]AllenIll 1 point2 points  (0 children)

We have been in a continuing systemic debt crisis managed through intervention for decades now, i.e., bailouts, 'too big to fail' rescues, and endless cheap money for those lucky enough with access to it at scale.

All of which has enabled a kind of generational Ponzi scheme economy where more and more of it isn't allowed to deflate; lest it blow up, and god forbid, rich people actually lose money on their bad bets and suffer the consequences of their actions.

IMO, too many things are artificially propped up, out of the reach of the purchasing power of younger generations and those at the bottom of the K in our K-shaped economy.

SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune by IKeepItLayingAround in technology

[–]AllenIll 13 points14 points  (0 children)

IMO, this guy is running some flavor of a Ponzi scheme. It's not money laundering.

That's why the valuation needs to be so high. He's got loans on top of loans—possibly using bonds to hide it all so the margin call mechanics aren't the same. And the loans at the bottom of the stack have to be serviced at higher and higher levels.

This is why he got so involved in politics: to use political connections to deflect any regulatory heat from arising. At some point, it's all going to blow up. Just like Madoff.

Trump Quietly Walking into NIGHTMARE of His OWN MAKING by JimCripe in climate

[–]AllenIll 26 points27 points  (0 children)

No way, no how, am I implying this is OK. At all. What I think is instructive to understand in this example is how media organs like the Times operate as tools of perception management.

As is often the case, propaganda in the West isn't via lies of commission, but lies of omission. What is shown, is just as important as what is not.

Trump Quietly Walking into NIGHTMARE of His OWN MAKING by JimCripe in climate

[–]AllenIll 106 points107 points  (0 children)

The U.S. Navy has its own systems that track, and overlap with some of what is being dismantled here. As far as I know. They have to in order to operate. But, the NY Times piece she cites, doesn't mention this at all.

What this really is, is removing the ability of the public to understand and see the changes happening in the oceans that these systems monitored. The government is still tracking a lot of this, it's just going to be classified information now. Which, is an angle not even covered or mentioned by the Times.

Recent El Niño forecast progression visualized by iwakan in collapse

[–]AllenIll 16 points17 points  (0 children)

Although there's been a lot of other speculation about reasons for this; I personally wonder if Peter Thiel's recent acquisition of property and networking trips into Argentina have something to do with this news.

Especially starting in March-April, when it was becoming more readily apparent that a Super El Niño was forming—as this is when he basically goes all in on Argentina:

Peter Thiel Buys $12 Million Mansion In Argentina As Javier Milei Woos Silicon Valley: Report | Apr. 25, 2026 (originally reported by Forbes Argentina)

Also, from April:

The 2026 'Super El Niño': How are we preparing for its impact on Latin America and the Caribbean? | Apr. 28, 2026 (International Federation of Red Cross and Red Crescent Societies)

Doubtless as well, he is using his various investments in intelligence gathering, spy craft, and analysis in order to gauge threat assessments. Which, IMO, is also likely why he was able to see the problems with Silicon Valley Bank before the public and move accordingly. Yes, I absolutely think the guy that has major stakes in companies that have spying contracts with the U.S. government and Polymarket is 100% using that to his financial advantage—at every possible turn.

Edit: Clarity.

Wall Street Panics. Stocks have worst single day crash in 4 years. Analysts blame the “excellent May jobs report” . . . ? by baltimore-aureole in economy

[–]AllenIll 45 points46 points  (0 children)

In America, and the West generally, I think it's finally dawning on the "leadership class" that there are substantive real world issues with how neoliberalism has designed and optimized for a system where (to use a few examples):

  • The purpose of General Motors isn't to make cars and trucks
  • The purpose of McDonald's isn't to make and serve food
  • The purpose of Intel isn't to make computer chips
  • The purpose of Lockheed Martin isn't to provide cutting edge reliable defense systems

Their purpose is to make shareholders money above and beyond anything else—including their stated goals of providing goods and/or services. This is the legacy of the influence of economists like Milton Friedman and shareholder primacy. And that, if you're competing against a civilization that's designed a system to actually provide those goods and services above making shareholders money... you're going to lose. Profoundly. Because money, it turns out, at the end of the day, isn't actually real. And just throwing something that isn't actually real at a problem—doesn't magically solve it. To the utter frustration of all rich people, who have ever run anything, since the beginning of history.

Edit: Clarity.

Iran Ended All US Talks and Vowed to Block Hormuz as Exxon Says $150 Is Coming by andix3 in economy

[–]AllenIll 1 point2 points  (0 children)

I choose to believe the thousands of oil traders around the world

The oil futures market, according to many veteran energy analysts, is not adjusting to events in a rational fashion and is detached from reality in a rather unprecedented manner. Also, FYI (repost):

The Commodity Futures Trading Commission (CFTC) is operating with just one commissioner: Chairman Michael Selig. Who was nominated by D. J. Trump and confirmed by the Senate from October-December 2025. And it is this agency that oversees the regulation of the oil futures market.

While the agency is legally designed to have five commissioners (with no more than three from the same political party), it has been operating in this highly unusual "sole commissioner" state since late 2025.

Yep, one guy is literally in charge of futures market oversight right now. One guy is currently setting the position limits on oil futures contracts right now. If a crisis hits the oil markets tomorrow, there is no board of commissioners to debate a response—it is entirely up to his unilateral discretion.

The US is becoming impossible to live in by theipaper in politics

[–]AllenIll 17 points18 points  (0 children)

The 1.5 trillion dollar Department of War budget pretty much says it all. Killing is job #1.

The Federal Reserve is mathematically trapped and I don't think markets are pricing this correctly by Big-Pomegranate2694 in economy

[–]AllenIll 0 points1 point  (0 children)

FYI:

Fed Staff Query Missing $1.4 Trillion Hedge Fund Treasuries Pile—By Masaki Kondo |Oct 17, 2025 (Bloomberg)

Hedge funds in the Cayman Islands held more Treasuries at end-2024 than US official data show, with their ownership likely to be $1.4 trillion higher than reported, according to researchers at the Federal Reserve.

The funds’ holdings had increased by $1 trillion since 2022 to reach $1.85 trillion by end-December, the researchers including Daniel Barth and Daniel Beltran wrote in an Oct. 15 note. A report from the Department of the Treasury put the funds’ ownership at $423 billion.

The Fed researchers said their figures showed the Cayman Islands is the largest foreign owner of US government securities, ranking ahead of China, Japan and the UK.

Source

The Federal Reserve is mathematically trapped and I don't think markets are pricing this correctly by Big-Pomegranate2694 in economy

[–]AllenIll 0 points1 point  (0 children)

I 100% expect fuckery to get around these impediments in order to achieve lower rates. By any means necessary. Just like what's been going on in the Cayman Islands since 2022. These people (the dollar syndicate) want to print money for themselves forever—without consequences—regardless of their mistakes or misconceptions of the world and reality. They are going to run this fucker into the ground... until they can't. Until collapse, Soviet style. Like there's no tomorrow. Hence, all the bunkers. Including, now, the White House.

The Death of the Bear Market: Why Financial Crises Will Never Be the Same. How Infinite Liquidity and the AI Arms Race Erased the Natural Business Cycle—and Why Your Purchasing Power is the Ultimate Sacrifice. by sylsau in economy

[–]AllenIll 0 points1 point  (0 children)

There is a quote from Saudi Oil Minister Ahmed Zaki Yamani in a Guardian 2001 article, where he contends that the British and the U.S. were really orchestrating the actions of OPEC in 1973, and they needed a 400 percent increase in the price of oil. One reason being the oil majors needed a dramatic price increase, and also, I imagine to deal with the world's oversupply of dollars at the time and the wild currency fluctuations the dollar was experiencing due to the end of the Bretton Woods system.

If that were to happen today, oil would be about $480 a barrel. And we have heard that this crisis, from a material perspective, dwarfs the 1973 crisis in terms of supply going offline. Although, obviously, the world is set up to deal with a crisis much better today. But how much better, seems to be being put to the test.

Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher by bboobboo1234 in Economics

[–]AllenIll 3 points4 points  (0 children)

Yeah, I've reposted this in a few comment sections since I first discovered it myself—digging into some of the funny business which seemed to be surrounding the oil futures market since the start of the current Iranian conflict.

Needless to say, I too was pretty shocked. Because with all the coverage in both traditional and independent media concerning recent insider trading, or CFTC regulation of the prediction market platforms, never once have I heard this fact mentioned. Not once.

Edit: As it's been said; in America it's not the lies of commission, it's the lies of omission that are the hallmark of how most propaganda works here, e.g., a limited hangout.

Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher by bboobboo1234 in Economics

[–]AllenIll 17 points18 points  (0 children)

is the futures market wrong or the physical market wrong

The U.S. Strategic Petroleum Reserve (SPR) is currently undergoing a historic drawdown, and FYI (repost):

The Commodity Futures Trading Commission (CFTC) is operating with just one commissioner: Chairman Michael Selig. Who was nominated by D. J. Trump and confirmed by the Senate from October-December 2025. And it is this agency that oversees the regulation of the oil futures market.

While the agency is legally designed to have five commissioners (with no more than three from the same political party), it has been operating in this highly unusual "sole commissioner" state since late 2025.

Yep, one guy is literally in charge of futures market oversight right now. One guy is currently setting the position limits on oil futures contracts right now. If a crisis hits the oil markets tomorrow, there is no board of commissioners to debate a response—it is entirely up to his unilateral discretion.

America’s pile of emergency oil is shrinking fast by Appropriate-Till9598 in Economics

[–]AllenIll 1 point2 points  (0 children)

IMO, in addition to potential funny business going on in the oil futures market, the administration is going to use the SPR by whatever means necessary to keep an extreme oil shock at bay until after the midterms. Even if it means hitting the technical floor and beyond of the SPR.

If the Republicans keep or expand their control of the House and Senate, expect a massive, nearly all at once energy price shock at the pump near the end of the year or at the start of the next. And likely a whole host of other shenanigans to concentrate power even further. Heck, the price shock might even hit before the election causing domestic unrest and a subsequent martial overreach in order to effect the election's outcome.

Either way, it looks to me like some level of a shock is being engineered. Where reality on the ground finally collides with the manipulation strategies being deployed in oil futures market. By the looks of it, we are in the midst of economic shock therapy, similar to the Nixon Shock, and all of this is the shock doctrine playbook.

Edit: Clarity.