Bravado es una de las mejores aperturas recientes de zona norte. Salón increíble en el subsuelo del edificio de Corporación América, cocineros que vienen del fine dining y guiños armenios por toda la carta.
Aprovechamos que acaban de abrir de noche para conocerlo todo junto.
Abro hilo. 🧵👇
Bravado es una de las mejores aperturas recientes de zona norte. Salón increíble en el subsuelo del edificio de Corporación América, cocineros que vienen del fine dining y guiños armenios por toda la carta.
Aprovechamos que acaban de abrir de noche para conocerlo todo junto.
Abro hilo. 🧵👇
🇺🇸 Minnesota child care
🇬🇧 London social housing
🇸🇪 Swedish welfare fraud
It’s the same phenomenon: high trust society systems defrauded by low trust society settlers.
My lower bound guess for how much fraud there is nationally is ~20% of the Federal budget, which would mean $1.5 trillion per year. Probably much higher.
US shale oil production has turned negative yoy for the first time in history
That matters.
Oil bull markets are born when depletion overwhelms new supply. Once new production can’t offset decline rates, prices do the work.
Every cycle looks different... but the trigger is always the same.
- In the 1970s, U.S. conventional production peaked
- In the 2000s, it was the North Sea and Mexico
- Today, it’s US shale
This cycle is different
- Shale accounts for ~90% of global oil production growth.
- Shale carries ~40% base decline rates
- That’s roughly 3 mbpd, or half of global declines
For now, the industry is masking the problem by stacking high-decline wells on top of each other.
The question everyone should be asking is this:
If US shale is no longer able to offset its decline rates,
who will?
Great time to read “How to build a car” by the one and only Adrian Newey.
Great account that includes the history of F1, its regulations, and the amazing human ingenuity and entrepreneurship that keeps improving the performance of these amazing machines.
https://t.co/S636bYd3Eb
Formula 1 and the @fia have today revealed the 2026 Technical Regulations.
2026 will see both the chassis and power units updated, in the biggest overhaul of regulations in the sport’s history. These changes will shake up the order and create new excitement, while delivering incredible racing.
For more information, click here: https://t.co/lroDnuSkY8