Dr.S

[Dr.S @Refinedman2]

FIFA bringing in $13B and only showing $0.1B in profit is comedy.

Apparently “development and education” costs $3.9B. What exactly is FIFA researching and developing?

Let's rename it slush fund

[App Economy Insights @EconomyApp]

⚽️ The biggest World Cup ever is here!

FIFA is a non-profit.

It expects to bring in $13 billion for 2023-2026.

Here’s where the money actually goes:

[Dr.S @Refinedman2]

@GavMcCracken @RealPeterLinder This is pure genius by $JOY.TO

What pricing do you think we get in 2027? C$60/80/120/MWh

[Dr.S @Refinedman2]

@GavMcCracken @rickbader1 @Thomas_Pannett @CRUDEOIL231 @axios @BarakRavid Long $VLE.TO and $JOY.TO
VLE's decommissioning liability ($89M PV, ~$130-150M undiscount) sounds scary until you read the fine print. Wassana just got a FID extending field life to 2043. Manora, Nong Yao, Jasmine all running into the 2030s.
What am I missing?

[Josh Young @JoshYoung]

Remember this? Coming soon?

[Dr.S @Refinedman2]

I don’t think people realize you can’t just taxi a Gulfstream into Costco Gas and ask for “premium aerospace.” 🙃

[Royen Capital ✈️👨🏿‍✈️🇱🇷💹🛢️🌊⚽ @CaptainRoyen]

I'm surprised more people aren't talking about this. California will hit tank bottoms for jet and diesel by July 4th.

The Asian import arbitrage is dead, local refining is tapped, and none of this is reversible for 12-18 months.

Could this be the Energy Crisis' Lehman moment?

[Dr.S @Refinedman2]

@SolutionOrganic @Mr_Neutral_Man @EllliotttB You were right no deal.
A little deleveraging and small dividend is all they could muster.
https://t.co/wqJmDxlzux

[Darshak Rana ⚡️ @thedarshakrana]

The Woodpecker is the only proof that God really exists.

And I'm going to prove it to you right NOW:🧵

[Dr.S @Refinedman2]

@Crowhurst68 Lack of trading volume is a limiting factor for the stock.

My guess is that market will re-rate in 2027 when summit is ramp is more clear. Even with a correction to gold price there is a case to be made for double digit FCF yeilds.

Long $GGGOF

[Dr.S @Refinedman2]

@uncutsits The high AISC and low gold recovery has been a little disappointing. Any thoughts on that? @Henrik115

[Dr.S @Refinedman2]

$JOY.TO Still very much cheap relative to 1P NAV whether you include power NAV or not.

[Dr.S @Refinedman2]

We’re cooked 🤪

[Dr.S @Refinedman2]

Can't be all fake, if they are willing to dish out a million . 😉

[The Wall Street Journal @WSJ]

Breaking: JPMorgan offered a former banker $1 million to settle his lurid sex claims weeks before he filed a lawsuit that has captivated Wall Street https://t.co/Q89wY4Il86

[Dr.S @Refinedman2]

Buying oil until the market remembers the world still runs on the stuff.

[Bloomberg @business]

"I've never seen anything like it before."

Oil storage tanks in the United States will run empty "somewhere in the July 4 period," Carlyle's Jeff Currie tells @flacqua https://t.co/vHoZcNL6ur

[Dr.S @Refinedman2]

@JesseTinsley You do realize this clown is just confidently making shit up at this point. None of what he’s saying survives even five minutes of basic financial scrutiny.
🤡📉

[Joe Pompliano @JoePompliano]

Golden Tempo was literally dead last in the final turn and then outkicked everyone to win the Kentucky Derby. What an insane finish.

[Dr.S @Refinedman2]

Ah yes, the new gym formula: whey, creatine, and Cialis. What could possibly go wrong 😜

[Goku @ProjectGokuu]

Andrew Huberman says most men over 40 should probably be taking Cialis every single day.

The vasodilation from it that helps with erections is the same mechanism that:

- Lowers blood pressure
- Protects the brain
- Prevents strokes

Stanford's head of male sexual health, Dr. Mike Eisenberg, recommends 2.5 to 5 milligrams of tadalafil daily for most men over 40.

— Andrew Huberman on TBPN (@tbpn)

[Dr.S @Refinedman2]

Your weekly reminder: your MAG7 CEOs are a little unhinged. The power isn’t showing up, excuses will… and the write downs? EPIC.😜

[Lukas Ekwueme @ekwufinance]

The US is pouring unprecedented amounts of money into AI in record time

Meanwhile, the real constraint is energy and grid access... in the middle of the biggest energy crisis in history

- AI = ~45% of the S&P
- Energy = ~4%

So everyone is massively overweight energy-hungry AI… while underweight the thing it literally depends on

What could go wrong

[Dr.S @Refinedman2]

Mastercard should run it today and see what happens 😂

[AmericaReal @AmericaReal3]

💀💀💀💀

sound on

[Rob Schmitt @SchmittNYC]

The woman who delivered the end of Spirit airlines is now bitching about it

[Dr.S @Refinedman2]

Keep your kids in good company—strong values, thoughtful people—and let them decide which Abrahamic path feels like home

[Clint Teeples @TeeplesCY]

"If I told you there was one free thing you could do every Sunday that would make your kids happier, healthier, smarter, and closer to you, you'd think I was selling something."

Take your kids to church regularly. I don't care if you believe. The data is so lopsided that skipping it is the parenting equivalent of refusing vegetables because you don't like the taste.

Grades. Religious teens get As at almost twice the rate of nonreligious teens. In a class of 100, that's 24 A-students instead of 14. Church gives a kid the same academic boost as being born rich instead of poor.

College. Working-class religious kids earn bachelor's degrees at double the rate of their nonreligious peers. Middle-class kids do it at 1.5x the rate. For families without a trust fund, this is one of the most powerful forms of upward mobility social scientists have measured.

Character. Religious teens are far less likely to lie, cheat, or do things they hope their parents never find out about. They're more likely to care about racial equality, the elderly, and the poor. They reject the idea that morality is whatever works for you in the moment. That kind of kid doesn't happen by accident. It's built.

Closeness. 60% of parents of religious teens say they feel "extremely close" to their kid, compared to 50% of nonreligious parents. The kids report the same thing back. They get along better with their parents, talk about hard stuff, and actually want to spend time with their family.

Despair. Religious teens are dramatically less likely to be depressed, anxious, lonely, or feel that life is meaningless. 90% of devoted religious teens never binge drink, compared to 41% of the disengaged. Economists named the modern epidemic "deaths of despair." Regular church attendance is one of the strongest known buffers against it. Parents are spending fortunes trying to solve teen mental health. The most evidence-backed intervention is free.

Purpose. Religious young adults report higher purpose, gratitude, life satisfaction, and resilience. These are the exact traits every parent says they want their kid to have.

Here's why it works. Affluent families already surround their kids with networks of stable, accomplished adults through neighborhoods, schools, and parents' colleagues. Working and middle-class families usually don't. A congregation is often the last institution in American life that puts your kid in weekly contact with dozens of stable, employed, sober adults who know their name. It used to be called "a village." Now it barely exists outside of churches.

"But I don't believe." Your kid doesn't need your theology. They need you to show up.

"But church is boring." So is sitting through a kindergarten music recital. Parenting is the deliberate choice to be bored on purpose for someone you love.

There's a church within 15 minutes of nearly every American home. You don't need money, connections, or credentials to walk in. Nothing else in this country will surround your kid with engaged adults, teach them moral seriousness, and give them a stable weekly rhythm at zero cost.

You already drive them to practices that produce far less. The free thing on Sunday produces more, on more dimensions, than almost anything else you do as a parent.

You don't have to believe anything. You just have to take them.