For the first time ever, from April 2025 to April 2026, solar energy outproduced ‘natural gas’ in Asia. First coal, now ‘natural gas’… the fossil fuel dominos are falling… and they said it cant be done…

Georgia's only oil refinery to stop processing Russian crude share.google/GyGUzEUrw4m8...

Donald Trump made more than $1bn last year, primarily from cryptocurrency - giftarticle.ft.com/giftarticle/... via @FT

From 1 July, the EU shuts a loophole that let ultra-cheap parcels enter our market without fair duties. Temu, Shein and every non-EU seller must play by European rules: safe products, honest declarations, fair competition. 1/2

Russia has been gripped by a fuel crisis as Ukrainian drone attacks on oil refineries and supply networks take a mounting toll on supplies. As fuel rationing spreads across the regions, some Russians fear the worst is still to come.

Good. What the guy in the Oval Office is doing isn't energy policy. It's a weird, half-baked vendetta against wind turbines. www.utilitydive.com/news/califor...

Tech CEOs wanted less regulation. They got arbitrary and corrupt government instead - giftarticle.ft.com/giftarticle/... via @FT

SEN. @ossoff.senate.gov on Kushner & Ivanka: “Now Albania's anti-corruption police are getting involved… do you think Jared Kushner would get special island-buying privileges if he weren't the President's son-in-law? And isn't he supposed to be doing diplomacy, not shady land deals?”

In Spain today: installation of solar panels above major irrigation channels. Channels of more than 100 kms transport water from dams to farmland. - Reduces evaporation -Provides large agricultural areas with power & supports irrigation -Decreases use of water in food production, doubling the crop.

Iran isn’t the only adversary getting enriched by Trump’s foreign misadventures. Trump’s Treasury waived Russian oil sanctions for ~98 days through June 17 – generating ~$22 billion in new income for its war machine to continue attacks on Ukraine. My @morningjoe-msnow.bsky.social Chart

AMAZING: Protesters are now tearing down barricades at a beach in southern Albania, saying that the land belongs to the people and not to oligarchs like Jared Kushner and Ivanka Trump. Share everywhere to show your support! substack.com/@rawstory/no...

Congress is getting ready to remove the requirement that shell companies register their real owners. The bill "will restore America’s status as the leading offshore haven"

"Today, June 21, starting from 09:00 am, fuel sales at Crimean petrol stations have been suspended," said Russia-backed Crimea Governor Sergey Aksyonov.

So this is what you call a toll that you do not want to call a toll….

Oh. www.bbc.co.uk/news/article...

EU readies trade relief for Armenia to compensate for Russian import bans - giftarticle.ft.com/giftarticle/... via @FT

There's many false narrative on why oil didn't go to $200. China's fall in imports is NOT a reason and neither is manipulation of futures. The real reason is that the price elasticity of demand is higher than oil bulls allowed for. It's as simple as that... robinjbrooks.substack.com/p/requiem-fo...

After a strike by Ukrainian drones, the largest oil refinery in the Moscow region has stopped its operations. The Moscow oil refinery, which is the largest fuel supplier for the Moscow region and meets the needs of the Russian army, has stopped its operations after a strike by Ukrainian drones.

Global oil markets are normalizing quickly. We'll now see prices at the pump fall rapidly to around $3.5 per gallon in coming weeks. They've already fallen rapidly from their peak around $4.5 per gallon as markets anticipated the peace deal we now have... robinjbrooks.substack.com/p/how-quickl...

Some European countries (e. g. UK are serous about sanctions. Other (e.g. Germany) still help Russia to get around them.

A big wave of downsizing is coming to white-collar jobs and that isn't really even about AI. It's about automating highly repetitive tasks that could have been done long ago. AI is now just the excuse that allows this to happen. A big deflationary shock... robinjbrooks.substack.com/p/ai-and-whi...

All are equal but some are more equal. Trump administration continues to harass Anthropic: Anthropic disables top-tier AI models after US order limiting foreign access | Reuters share.google/1rTY5i0l0BOt...

Russia’s military spending reached a record 5.9 trillion rubles in January-March 2026, or roughly $75 billion. According to economist Janis Kluge, war spending was up 30% from a year earlier and accounted for about 46% of total federal budget expenditures. #Russia

Solar ftw abcnews.com/US/solar-gen...

Only 11% of Europeans view US as ally, survey shows; downward trend continues. Support for buying European weapons is up. | Reuters share.google/RXX1uaviqLJ6...

FSB (Russian secret police) cut Russia's citizens off from the internet - an ongoing experiment in technological regress worth watching giftarticle.ft.com/giftarticle/... via @FT

The protest Wednesday stretched for half a mile down a major boulevard, Reuters reports.

Jared and Ivanla are not compatible with EU membership

The US surplus in oil export volumes - crude (blue) and refined product (red) - reached a new all-time high in April. One of the reasons oil hasn't spiked to $200 is because the US pivoted to becoming a big net exporter, helping balance the SoH shortfall... robinjbrooks.substack.com/p/the-united...

10 years after the Brexit referendum, 57% think it was a wrong decision, 55% want to rejoin EU. share.google/hQ9BXyTt7Ghw...

An important shift is happening on oil prices. They're down without peace headlines. What's changing is that markets now have a growing appreciation of how robust global oil supply chains are. Lots of oil got rerouted, helping to fill SoH gaps in Asia... robinjbrooks.substack.com/p/what-can-c...

Under the Trump crypto playbook, the family earned 2.3 billion while investors lost about the same | Reuters share.google/9yLPCDnmDkMW...

Solar Power Is Booming Under Trump OilPrice.com share.google/I1S0v5G8ChWe...

MAGA is coming to Albania, but Albanians have some doubts about it.

World Cup: 'the money making opportunity or the international public good'? giftarticle.ft.com/giftarticle/... via @FT

A sign of the times

⚡️ Sweden seizes vessel suspected of illegally exporting Ukrainian grain from Russian-occupied territories.

"A very warm welcome to all passengers arriving today for the Saint Petersburg International Economic Forum. Please ignore the "smoking accident/unscheduled repairs" you can see as we approach the airport...."

“.. Inflation-adjusted disposable personal income growth fell by 1.1% y/y in April. Rarely have we seen that kind of a decline outside of recessions.” - Schwab

Breaking news: Iranian news agency Tasnim said that the suspension would remain in place until 'the positions of Iran and its allied proxy forces are taken into account'. ft.trib.al/YIV60ag

Olivier Blanchard on my #Ukriane chapter for #CEPR Europe 2050 project: "You may well start skeptical: Yes, first we need peace or something close. And UKR is not perfect. But read it with an open mind and change your mind, or at least move your prior. The opportunity is there." #UkrainianView

Pentagon asks for record increase in budget. But does it have the capacity to spend it effectively? share.google/GVv4Lj9VmV9t...

From today’s Russian papers: “The number of Russian regions with restrictions on the sale of fuel is multiplying.” The reason given? “Unscheduled repairs at oil refineries.” #ReadingRussia

'China is helping Moscow survive, not develop' share.google/9U0vnvbO1wXQ...

Those who said Brent would go to $200 told us about huge supply shortfalls and how prices needed to spike to "destroy" demand. Here's data for Korea. Imports from Saudi fell, but Korea just ramped up imports from Canada and Malaysia. No big shortfall... robinjbrooks.substack.com/p/what-deman...

US consumers face looming spending squeeze as Trump tax rebates fade. Spending on petrol is already 40% up on y2y basis. giftarticle.ft.com/giftarticle/... via @FT

Not enough people are talking about this. A Florida airport was renamed after Donald Trump. He walked away with the trademark, the licensing rights, and a deal that lets him profit off every piece of merchandise sold there. www.theguardian.com/us-news/2026...

As a result of the US-Iran stalemate in the Strait of Hormuz, Asia is facing a fuel crisis. Food crisis is likely to follow next. www.economist.com/asia/2026/05...

PPI inflation: 6%in April 2026 The Producer Price Index (PPI) is generally considered a leading indicator for the Consumer Price Index (CPI) This means we are likely to see further acceleration in CPI inflation. 3.8% CPI inflation in April 2026 is not the end of it