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Totally agree doesn’t mean what you think it does.

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In today’s Bloomberg energy newsletter, I write about surging oil refining margins. The WTI 3-2-1 crack spread has touched a three-month high of $42 a barrel (over the last 30 years, it has traded at $42-or-higher for a total of 72 days) #OOTT
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I get asked this question a lot, "How much fuel does that bad boy burn" The 9800 runs 2 engines, QSK 60s, each 2000hp. Each engine burns approx. 120 gallons per hour, 2880 gallons per 12 hr. shift or 2 million gals per yr. You cant make #GreenEnergy without a lot of diesel fuel.
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NEW: THE RUSSIAN PAYMENT PROCESSORS FEEDING THE CRYPTO-CONOMY. Binance, Huobi, Nexo, and other major cryptocurrency firms are partnered with a pair of Russian payments firms tied to a 2018 ICO scam… Summary 🧵:
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This little meme from ’s latest piece on Germany & European climate activism (as an aside Germany’s coal-fired energy useage is up 30% on the year). After almost-interminably torturing myself about it, just ponied up for a years’ sub. The teasers are irresistible
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South African Ambassador to Russia says 13 countries are interested in joining the BRICS group. He says six of them have officially applied to join the bloc. The world is beginning to change in a big way.
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Many on twitter will try to tell you all about mining without ever stepping foot in a mine. I encourage everyone given the chance to take a mine tour. Imagine the energy, mining/smelting needed to make a mining shovel, and that's just the start. 1.7 million pounds👇
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Excellent thread from somebody with a bit of relevant experience in the money transfer business...
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Some days I hate it when the world drops an absolutely-on-my-beat story into my lap when I already had a lot scheduled for a week.
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"“We were never saying that gas stoves cause asthma, we always say that they are associated with asthma, because that’s what the meta-analysis says, and that’s the data we have." So... random association, then?
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Since Chapter 11 is trending, we'd be remiss not to mention that we are -- if we do say so -- the best, most entertaining, and freest resource around covering bankruptcy, restructuring and distressed investing. Link in bio.
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