Predictions that the depletion of petroleum stocks around the world could push oil prices to US$150/bbl before the end of June if shipping does not resume through the Strait of Hormuz are exaggerated. The world is still sitting on substantial reserves of crude and refined products that can be drawn down further over the coming months. However, the flipside of this picture is that even if there is a preliminary peace deal in the Gulf that allows oil exports to flow once again, countries will look to rebuild stocks and accumulate even bigger precautionary reserves. Even with plentiful supply, this will place a solid bid under oil prices over the medium term, argues Tom Holland in this video interview.
Thank you to @zerohedge for inviting me on to join @AshBennington and @ArjunNMurti for a great discussion on US oil reserves and where we are headed.
Long before Iran, we were already seeing the consequences of years of underinvestment across global energy and commodity supply chains. Spare capacity has become increasingly concentrated, inventories remain tight and physical markets are far less resilient than many assume.
The Iran War didn’t create these conditions, it exposed and accelerated them.
BIG ‼️ Steve Hilton announces he has drafted his first Executive Order for Day 1 of he wins the California Governor Race
He says Day 1 Gavin Newsom will be under investigation for all the money that’s gone missing and lost to fraud
lThis is establishing a California taxpayer fraud strike force. This will make sure that we investigate and prosecute the billions and billions and billions of dollars of fraud, theft of taxpayer money that has occurred over the last few years, including investigating Gavin Newsom”
But it doesn’t stop there, these people will also be under investigation
- Rob Bonta: Current Attorney General
- Malia Cohen: Current State Controller
Here’s 5 of the worst examples of stolen money in California
- $32.6 billion in California EDD unemployment fraud during the pandemic
- $24+ billion spent on homelessness programs with little results and horrible tracking
- $146 billion estimated lost to Medi-Cal fraud and improper payments
- $50 million homelessness funding fraud scheme in Los Angeles
- $23 million stolen by a South LA nonprofit executive from homeless services funds
The United Nations has scrapped its worst‑case climate scenario.
Now is the time for a reckoning.
Entire countries shut down oil and gas and made themselves poorer based on the climate hoax.
Climate alarmists must be discredited, defunded, and issue formal apologies.
My plan to CUT YOUR COSTS starts with TAXES:
- First $100k tax free
- No Tax on Tips for state taxes as well as federal
- Vehicle Registration capped at $71 basic fee
- Abolish $800 small business tax
- No income/property tax for veterans
Vote for Change! Vote Steve Hilton ☀️
My conversation with @DanielSLoeb1, his first ever podcast and one I've been wanting to do for years.
Dan started Third Point in 1995 with $3 million. Today the firm manages over $24 billion across equities, credit, venture, and insurance.
Along the way he wrote some of the most iconic activist letters.
We discuss:
- Why deep value stopped working
- The power of writing
- The Twitter and XAI credit trades
- Lessons from FTX and Danaher
- The Sony and Sotheby's stories
- What makes a great analyst today
- The importance of kindness
I feel lucky we all get to learn from one of the greats.
Enjoy!
Timestamps:
0:00 Intro
2:48 Macro Views and Tech Trends
5:13 The Roots of Third Point
10:30 Evolving to Quality and Thematic Investing
19:07 Market Psychology and Inefficiencies
24:10 Good and Bad Corporate Governance
29:19 Activism
31:23 Sotheby's
41:37 AI
44:28 Sony
52:50 Danaher's Operating System
56:31 Building an Insurance Business
59:25 FTX
1:05:17 What Makes a Great Analyst Today
1:07:24 The Next Decade
1:10:00 Kindest Thing
It’s strange watching old George Carlin clips now… because half the crowd laughed, and now people watch it in silence like he was reading the future out loud.
Electricity prices up?
Activists blame data centers, but that’s ignorant, says @paigelambermont.
"More data centers are in northern VA than anywhere else. Prices in Virginia are rising more slowly than they are some other places."
Here's the real reason for high prices:
🚨 California just voted to pass AB 2624 aka “The Stop Nick Shirley Act”:
This bill puts journalists at civil risk for investigating fraud and makes it harder to expose fraud in “immigration support services,” including NGOs, nonprofits and health care facilities that receive hundreds of millions from the state of California each year.
This bill would have made it criminal to expose fake hospices in LA or the Somali “learing center” in Minnesota if they then claim “reasonable fear” and the business owner gives a written demand not to post the video.
Plain and simple, California is trying to make it harder to expose fraud and scare individuals from investigating fraud in their communities, as they could be sued for an injunction to remove the video + forced to pay their attorney fees + minimum $4,000 in damages.
The Attorney General's wife, Mia Bonta, created this bill and is now trying to make it law. How is this not a conflict of interest?
California is full of FRAUDSTERS!
As an investor (and a human generally) I can’t stress how important it is to understand that well financed, often foreign enemies are trying to influence public perception on a range of topics from AI to Capitalism. They also sow discontent around social issues and have largely created what some have observed as the woke mind virus. If there’s one thing we should and are failing at is teaching our children to think critically, a difficult task since many of their teachers aren’t capable themselves. It’s a bummer but as parents we also have to teach our kids to see the opinions of their school teachers and college professors with the same skeptical eye.
We uncovered something far bigger than I ever expected. After seeing coordinated false attacks against the Utah data center project, we brought in an advanced data science team to trace where the content was coming from and the results were shocking. What we found led back to organized networks, political activist groups, and funding trails tied to massive international entities. We dug through IRS 990 filings, tracked IP data from around the world, and uncovered what appears to be a coordinated campaign targeting energy and data center projects across multiple regions.
I shared 90 pages of evidence with federal law enforcement and raised concerns directly with contacts at the White House. This isn’t speculation. The filings, funding records, dates, and connections are documented. There’s a coordinated PR war happening around energy infrastructure and data centers, and we’re not going to ignore it.
It's the 20th Anniversary of Al Gore's "An Inconvenient Truth."
NONE of his scary predictions have come true.
Mt. Kilimanjaro still has snow and Glacier National Park still has glaciers.
Here's why we are not doomed: