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Showing posts with the label oil blockade and power outages

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...

The Siege of Havana: Why Cuba’s Total Grid Collapse is a Financial Death Sentence

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I’ve spent my career studying how capital moves—or suddenly stops—during geopolitical conflict. But what is unfolding in Cuba right now is something far more precise and chilling: a masterclass in what I call “Economic Asphyxiation.” This isn’t just a power outage. It is the deliberate dismantling of a nation’s life-support system through a calculated oil blockade. As I write this, 11 million people are trapped in a dark, sweltering reality. Food is rotting in silent refrigerators. Water pumps have gone still. Elevators are dead. For me, this is not just another chapter in U.S.–Cuba relations; it is a live demonstration of how modern financial and trade tools can be weaponized to starve a population in real time. 1. The Oil Blockade and the $8–10 Billion Grid Debt The trigger for Cuba’s 2026 crisis isn’t only decaying infrastructure. It’s Executive Order 14380 , signed in January, which effectively created a secondary blockade on Cuban energy. The Mechanism Under this order, Wash...