Datacenter load growth has been top of mind, but the most rapid demand expansion over the last decade was in ERCOT's Far West Weather Zone This quadrupling of demand started before AI, and predates Texas' spurt of crypto growth. Instead, it's anchored in a traditional Texas industry: oil and gas 🔌💡

At least three Oman-bound tankers are making their MEGXIT today via the Strait of Hormuz. They are the DHALKUT (9888601), laden with 2 million barrels of Saudi crude; HABRUT (9500730), laden with 2 million barrels of Emirati crude; and SOHAR LNG (9210816), laden with Emirati LNG.

Get in, loser, we're doing guns and butter

another good spot check for motion tracking

worth a read

their tweets can generate revenue now

he thinks Bondi called the top on the Dow too

New Expecting Goals newsletter The Origins of the Set Piece Revolution was it Mikel Arteta? (It was sort of Mikel Arteta) open.substack.com/pub/expectin...

amaze amaze amaze

Want to know why the bond market is open for an shortened session tomorrow (Friday) while the stock market is closed? It's happening for the first time since 2023 (with previous occurrences in 2021, 2015, 2012, 2010, 2007, 1999). 1/6

👀

Qatar Economic Forum is supposed to take place 5/12 apparently featured speakers include Adam Neumann and Ken Griffin

Nice thing with LLMs is I can turn my PDF new working paper draft into a much prettier website very easily: paulgp.com/econlit-pipe... Thread coming soon.

looks like Tesla deliveries came in under consensus

Shoulda built a pipeline insteada buying Man City. Still, the second best time is today. giftarticle.ft.com/giftarticle/...

“We continue to observe a meaningful disconnect between the public dialogue on private credit and the underlying trends in our portfolio” lol

sure, why not

"As it approaches the Strait of Hormuz, the ship broadcasts its passcode over its very high frequency radio, and is met by a patrol boat that escorts it through the passage, close to the coast between a group of islands that has already been dubbed 'the Iranian tollbooth' by people in the industry."

This stellar piece from Dzejson Kid calls on progressives to learn from organizers in Montana, who are about to kick out Citizens United―one of the biggest barriers to long-term progressive success―and to embrace campaign finance/ethics reform. Americans love fairness and hate big money :)

I use the ai-news skill to stay on top of what's happening in the AI world. It pulls from RSS feeds (OpenAI, Anthropic, Simon Willison, etc.) and YouTube channels (Karpathy, Dwarkesh, Fireship, etc.), summarizes everything, and can fetch full YouTube transcripts. github.com/letta-ai/sk...

for the previous admin the framework was something like post-WW2 fiscal + 90s tech boom it's looking like a weird combo of 70s+Kuwait+2010s for this admin

there's usually a pop for boots on ground but the price of oil probably looks more like Arab Springs this time

That’s one hell of a cover…..

still applicable

Musalem ends with a rebuttal to the argument from Bessent, Warsh, and other Trump allies that the Fed shouldn't stand in the way of an AI-driven boom:

Introducing the @heatmap.news and @mit.edu Electricity Hub, our new zip code-level look at what exactly you’re paying for on your electricity bill and how it stacks up against … anyone or everyone else: electricity.heatmap.news

oral got the FDA nod

An update of the Dallas Fed's model shows that the breakeven rate of jobs growth averaged "... –3,000 jobs per month from August to December 2025." www.dallasfed.org/research/eco...

I've been writing about birthright citizenship for 20 years. This thread strings together my opinion pieces (not law review tomes, which I will post separately). I wrote a book about the Fourteenth Amendment and I debated John Eastman 20 years ago about his vile plan to end birthright citizenship./1

bumping this post for reasons

there are big overlaps between positive-sum vs zero-sum and YIMBY vs NIMBY mindsets

banks losing juice too

#$MSFT lost their memo

🎙️ NEW PODCAST 🎧 On the latest episode of Oil Ground Up, I spoke with @gbrew24.bsky.social about Trump killing the Carter Doctrine and how to think about the political contours of the Iran War on *all* sides of the conflict and how they constrain our path forward. open.spotify.com/episode/4TcG...

The comments in yesterday's Dallas Fed services survey were brutal.

A striking fact I learnt researching my book: For those in the bottom half, much of the real wage growth between 1979 and 2019 happened over just 7 "tight" years. For top wages, full employment wasn't a big deal. For bottom wages, it was the nearly the whole game.

'No escape': Iran war and AI boom push up costs across the tech industry https://asia.nikkei.com/business/technology/tech-asia/no-escape-iran-war-and-ai-boom-push-up-costs-across-the-tech-industry

Cathie bought some OpenAI for #$ARKK

there's tension between understanding how algos shape discourse and chronological gets boring...and people are lazy it's why the "for you" feed helps, especially since it's a largely people-driven rather than algo-driven feed bsky.app/profile/did:...

whatever it is, it's probably not reaccel

The hires rate dropped sharply in Feb, falling to 3.1%, the lowest level since Apr 2020 during the peak of the pandemic. Prior to the pandemic era, that would be the lowest since 2011. Would take with a grain of salt, 1-month drop could be noise, weather, etc. 2/

Job openings for January were revised up, but the three-month moving average continues to gently grind lower through February There were 0.9 vacancies for every worker counted as unemployed in February, near the low for the current business cycle.

cracks at 51

"The company proposed shifting to a mix of solar and wind power paired with battery storage, according to the document..." The Trump Administration's (pipe)dream of exporting LNG to Asia will die with this war. 🔌💡 www.bloomberg.com/news/article...