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Showing posts with the label Trump oil prices

My AC Has Been Running for 11 Days Straight. I'm Scared to Open My Electric Bill.

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AI Image   By Gemma I haven't turned my air conditioner off since June 23rd. Not once. Not even at night when it cools down slightly. Because it doesn't cool down. Not this summer. Not on the East Coast in July 2026, where temperatures have been sitting above 95°F for nearly two weeks and the forecast shows no meaningful relief until next week at the earliest. My AC runs. My bill climbs. And somewhere in my mailbox, an envelope is waiting that I'm genuinely not ready to open. Here's what's actually happening to the US power grid right now. PJM — the largest power grid operator in the US, serving 13 states and Washington DC — declared an emergency this week. Spot wholesale electricity prices in the region surged beyond $2,500 per megawatt hour. For context, the normal price when the grid isn't in distress is about $40 per megawatt hour. That's not a typo. Prices jumped from $40 to $2,500. In a week. Power prices from New York to Virginia are surging a...

Trump’s Iran Deadline 8PM: The 2026 Financial Black Swan Everyone is Ignoring

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The 8 PM Ultimatum: Why I’m Watching the "Missile Math" More Than the Headlines I’ve been tracking the rhetoric coming out of the White House since the start of Operation Epic Fury in late February, and today feels different. At yesterday’s press conference, the administration wasn't just talking about "maximum pressure"; they were outlining a final 8:00 P.M. Tuesday deadline for Iran to reopen the Strait of Hormuz or face what was described as a "barrage of strikes" on power plants and bridges. For me, the most striking part wasn't the political posturing—it was the Financial Fallout Calculation. The Problem: A World Without the Strait The elephant in the room is the Strait of Hormuz. Roughly 20% of the world’s daily oil supply—about 20 million barrels—passes through this narrow waterway. Currently, it is effectively closed. I’ve analysed the data: Brent crude has already soared from $70 to over $110 per barrel in just a few weeks. If that 8 PM ...