Category: Financial Crisis

California High-Speed Rail project soars to $231 Billion – “We left to work in Morocco as it is a better work enviornment”

Clark Savage242

The California High-Speed Rail (CAHSR) project, once sold to voters as a transformative $33 billion bullet train connecting San Francisco to Los Angeles in under three hours by 2020, now carries eye-watering cost estimates that have ballooned dramatically. The latest figures from the California High-Speed Rail Authority’s (CHSRA) 2026 Draft Business Plan put the full […]

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Ohio Business Lobby Pushes Eminent Domain Reforms That Critics Say Could Enable Faster Land Takings for Data Center Infrastructure on Farmland — Raising Serious Property Rights Concerns

Clark Savage299

Ohio farmers and property rights advocates are sounding the alarm over a recommendation from the powerful Ohio Business Roundtable (OBRT) to reform the state’s eminent domain laws. The proposal would allow faster “possession” and construction on private land for energy infrastructure projects once a court establishes public use and necessity — even while compensation disputes […]

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The Tale of Two SPRs and Different Uses: US and China Navigate the Iran War Supply Shock

Clark Savage249

In the most complex mix of geopolitical supply disruptions in modern history—over 100 days into the US-Iran conflict involving strikes, Hormuz transit risks, and broader Middle East tensions—the United States and China are effectively supplying a significant portion of global oil demand through their strategic and commercial reserves. They are doing so via sharply contrasting […]

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California Extends Its Key Climate Programs, Condemning the State to High Energy Prices

Clark Savage320

On Friday, May 29, 2026, the California Air Resources Board (CARB) approved sweeping updates to the state’s Cap-and-Invest program (formerly Cap-and-Trade), extending California’s signature climate initiative through 2045. State regulators framed the changes as a balanced move to meet aggressive greenhouse gas reduction targets while supporting affordability and preventing industry “leakage”—the exodus of major polluters […]

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Iran is Finalizing Strait of Hormuz Traffic Management Plan – President Trump is not the same page and where do we go from here?

Clark Savage246

Iran is pushing ahead with legislation to formalize its “management and sovereignty” over the Strait of Hormuz, including provisions for shipping security, navigation and environmental fees, and a regional development fund — moves widely interpreted as establishing a toll-like system and de facto control. A senior Iranian lawmaker, Alireza Salimi, stated that only Iran and […]

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ExxonMobil and Chevron Executives Warn of $140 to $160 Oil Within Weeks

Clark Savage1116

In a stark alert to markets, top executives from ExxonMobil and Chevron have highlighted an impending physical oil supply crunch that could drive Dated Brent crude prices sharply higher—potentially to $150–$160 per barrel—within the coming weeks. The warnings center on critically low global inventories of crude and refined products, exacerbated by the ongoing closure of […]

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