Podcasts about OPEC

Declining Russian Oil Production and the Shadow Fleet. Guest: Michael Bernstam. Russian oil production is falling due to aging fields and a lack of investment, failing to meet OPEC quotas. While Russia utilizes a "shadow fleet" to bypass sanctions, it must offer steep discounts to India and China as Brent crude prices decline and fiscal pressures mount. 61944

SCHEDULE THE JOHN BATCHELOCR SHOW, 6-24-2026MEXICO CITYThe Imprisonment of Jimmy Lai and the Future of Hong Kong. Guest: Mark Clifford and Gordon Chang. Jimmy Lai has spent over 2,000 days in prison, becoming a symbol of resistance against the Chinese Communist Party. His fate mirrors that of Hong Kong, which is transforming into a national security state where surveillance and espionage extend to international cities like London. 1US Navy Control and the Opening of the Strait of Hormuz. Guest: Rebecca Grant and Gordon Chang. Despite Iranian claims of closure, the US Navy maintains tactical control over the Strait of Hormuz, ensuring sea lanes remain open for international shipping. Advanced mine-clearing technology and persistent patrols have neutralized threats, though economic signals like the Jones Act waiver remain points of discussion. 2Canadian Public Opinion on the Chinese Threat and US Trade. Guest: Charles Burton and Gordon Chang. A majority of Canadians perceive China as a threat following revelations of election interference and malign influence operations. Meanwhile, concerns grow regarding the reliability of the United States as a partner under the Trumpadministration and the potential abrogation of the USMCA trade agreement. 3Strengthening Defense Ties Between the Philippines and Canada. Guest: Charles Burton and Gordon Chang.Canada is deepening security cooperation with the Philippines to counter Chinese expansionism in the South China Sea. This partnership includes logistical agreements and military training, even as Canada faces challenges protecting its own Arctic sovereignty against increasing Russian and Chinese strategic reach in the North. 4Ukrainian Drone Attacks Cripple Russian Oil Infrastructure. Guest: Michael Bernstam. Cheap Ukrainian drones have successfully targeted Russian refineries and fuel transport, causing significant shortages of gasoline, diesel, and aviation fuel. This technological warfare has forced Russia to ban exports and implement rationing, as traditional air defense systems struggle to counter swarms of small, maneuverable drones. 5Declining Russian Oil Production and the Shadow Fleet. Guest: Michael Bernstam. Russian oil production is falling due to aging fields and a lack of investment, failing to meet OPEC quotas. While Russia utilizes a "shadow fleet" to bypass sanctions, it must offer steep discounts to India and China as Brent crude prices decline and fiscal pressures mount. 6European Heatwave, Commodity Prices, and UK Political Shifts. Guest: Simon Constable. A "Godzilla El Niño" has triggered record-breaking heatwaves across Europe, impacting energy demand and agriculture. Amid falling Brent crude prices, attention shifts to UK politics, where the potential rise of Andy Burnham within the Labour Party signals a move toward higher taxes and increased government spending. 7The Infrastructure and Economic Impact of Data Centers. Guest: Simon Constable. Data centers have become essential infrastructure for AI development, consuming vast amounts of water and electricity. While they provide significant tax revenue for localities, particularly in states like Virginia and Texas, their construction often faces local opposition due to their immense resource requirements and costs. 8Colombia's Presidential Shift Toward Security and Law and Order. Guest: Evan Ellis. Abelardo de la Espriellaappears to have won the Colombian presidency, promising a crackdown on insecurity and organized crime modeled after El Salvador's policies. His victory signals a likely return to strong security cooperation with the United States and a departure from the policies of Gustavo Petro. 9Keiko Fujimori and the Return of the Fujimori Dynasty. Guest: Evan Ellis. Keiko Fujimori has likely secured the Peruvian presidency, narrowly defeating her socialist opponent through overseas votes. Her administration faces a deeply divided nation, widespread illegal mining, and cocaine production, but may benefit from a new bicameral Congress intended to provide greater political stability than previous years. 10Political Instability in Bolivia and Regional Alliances. Guest: Evan Ellis. President Rodrigo Paz has survived a 50-day crisis in Bolivia after declaring a state of emergency to clear blockades led by Evo Morales. While regional allies have supported Paz, Brazil's absence from this coalition highlights President Lula's role as a principal counterweight to US influence. 11Mexico's Economic Growth and USMCA Renegotiation Tensions. Guest: Evan Ellis. The Mexican economy saw its sharpest expansion in five years, yet the upcoming USMCA renegotiation creates significant uncertainty. While Mexicoattempts to appease the US through high-level investigations into cartel-linked officials, the Sheinbaum government remains hesitant to fully confront powerful political figures within its own party. 12Pope Leo XIV's Warning on Artificial Intelligence. Guest: Peter Berkowitz. In a 43,000-word encyclical, Pope Leo XIV warns that artificial intelligence risks dehumanizing society and excluding God from the human experience. While acknowledging technological benefits, the Pope emphasizes the danger of treating humans as mere means and the erosion of authentic human relationships in favor of machines. 13AI in Education and the Necessity of Liberal Learning. Guest: Peter Berkowitz. The rise of AI in academia tempts students to bypass the essential struggle of thinking, leading to intellectual atrophy. Educators argue that liberal education is now more vital than ever to help students cultivate a flourishing mind and recognize the limitations of technological shortcuts. 14Private Innovation and Infrastructure Challenges in Space. Guest: Bob Zimmerman. SpaceX successfully defeated legal challenges in Texas while NASA's aging infrastructure faces funding gaps and restrictive laws. Meanwhile, private startups like Catalyst are attempting robotic satellite rescues, signaling a shift toward a capitalist model in space operations as government agencies struggle with delays and inefficiencies. 15New Discoveries in Planetary Science and Cosmology. Guest: Bob Zimmerman. The Lucy probe's flyby of asteroid Donaldjohanson revealed a "tumbling peanut" shape, providing insights into its 155-million-year history. Additionally, observations of asymmetric radio galaxies highlight galactic movement through the intergalactic medium, while debates continue among cosmologists regarding the existence and properties of dark energy. 16One correction folded in: Labour Party (UK spelling) in file 7. I also expanded the file 9 headline's "Law Order" to "Law and Order" — flag if you wanted it left verbatim.

What's up, everybody? It's Tom Bilyeu here:If you want my help...STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20showSCALING a business: see if you qualify here.: https://tombilyeu.com/callGet my battle-tested strategies and insights delivered weekly to your inbox: sign up here.:https://tombilyeu.com/**********************************************************************If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.**********************************************************************FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderPaleovalley: 30 for $36 https://bit.ly/PaleovalleyITOpusClip: Explore Agent Opus at https://agent.opus.pro/exploreIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impactTruemed: Check your eligibility and start saving at https://truemed.com/impactEthos: Get a free quote at https://ethos.com/impactQuo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/TheoryPique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactWelcome to a no holds barred breakdown of the political and economic forces reshaping America right now. In this episode, Drew, Tom, and Ryan dig into the leftward lurch of the Democratic Party, unpacking the DSA wave behind Mamdani's New York sweep and what it means when self-described communists start winning the safest Democratic seats in the country. The conversation traces how populism is fueled by economic anxiety, why both parties keep racing to the extremes, and whether finding the way back to the middle is even possible anymore. From there, they get into the hard economics: why socialist and communist policies historically break the economy, the calorie-storage origin of the social contract, the freeloader problem that sinks societies, and the real fight over wages, corporations, and whether companies like Walmart and Amazon are the villains people think they are. They take on Trump's threat to sic the DOJ on big oil for price gouging, why government price controls always fail, and how the OPEC cartel and regulatory capture are the actual problems behind what you pay at the pump. The discussion turns global with a hard look at USAID, the claim that foreign aid has been quietly funding NGOs and destabilization movements abroad, Japan dumping US treasuries amid its liquidity crisis, and the financial repression playbook Washington may use to inflate its way out of a crushing national debt. They weigh in on Congress voting to curb hostilities with Iran and what it means for negotiating power. Finally, the episode goes deep on one of the most important debates of the next decade: a Michigan city council banning the pride flag, Muslim immigration and assimilation, whether Islam has had its reformation, separation of church and state, and the candid clash over whether America is truly a Christian nation or simply shaped by Christian values. Whether you're here for sharp political analysis, hard economic truth, or a deeper look at the values shaping society, this episode offers a nuanced, unflinching take on how today's choices will define tomorrow.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today we were thrilled to welcome back Daan Struyven, Co-Head of Global Commodities Research and Managing Director, Head of Oil Research at Goldman Sachs. Daan joined Goldman in 2015 and previously co-led Goldman Sachs' Global Economics team as well as the firm's Canada Economics research effort. Daan and his team recently wrote a report titled “EV Sales Acceleration Poses Downside Risk to Global Oil Demand.” We were pleased to hear Daan's perspective on the report, the acceleration in global EV adoption following the Iran/Hormuz supply disruption, the outlook for global oil demand and oil prices, and what investors should be watching across the broader energy landscape. In our conversation, we explore the key findings from Goldman Sachs' recent research on EV adoption, including how higher fuel prices and concerns around energy security may have accelerated EV sales across several major global markets following the Iran/Hormuz supply disruption. We discuss the significant differences in EV penetration rates around the world, the growing influence of Chinese manufacturers, the importance of charging and power infrastructure, and the role government policy continues to play in shaping adoption trends. We examine the outlook for global oil demand, including Goldman's view that oil demand continues to grow through 2040 despite rising EV adoption, supported by growing energy consumption and the limited availability of substitutes for petrochemical feedstocks and jet fuel. We discuss the recovery of Middle East oil production and exports following the conflict, OPEC supply dynamics, strategic petroleum reserves and stockpiling activity, and why oil prices did not rise as much as many expected during the Iran war disruption. We touch on investor sentiment toward energy markets, China's role as both a major EV market and a stabilizing force in global oil demand through stockpiling behavior, and tightening power markets driven by rising electricity demand from AI and data centers. We also discuss the interplay between future oil prices, power prices, and EV adoption. Finally, we cover advancements in battery technology, the long-term implications for both the energy transition and global commodity markets, and more. We greatly appreciate Daan for sharing his time and perspectives. To start the show, Mike Bradley noted that market volatility is becoming more prevalent across asset classes. From a fixed income perspective, the 10-year Treasury yield is holding steady at approximately 4.5%, with traders closely focused on this week's PCE Index as a key inflation indicator, particularly in light of the Federal Reserve's more hawkish tone following last week's FOMC meeting. In equities, he emphasized the increasing volatility observed in recent trading sessions, especially within Big Tech and the Nasdaq, with semiconductor and chip stocks coming under notable pressure and with several declining by more than 10%. He suggested that market leadership may be shifting, as the Nasdaq lags while the Dow Jones Industrial Average demonstrates relative resilience. Turning to commodities, WTI crude has fallen to around $73/bbl, marking its lowest level since the first week of the Iran conflict. WTI has broken below its 200-day moving average, indicating that oil appears “broken” from a technical trading perspective. He also highlighted a rapid shift in market sentiment, moving from concerns about tightening global inventories to fears that OPEC supply could increase sooner and more significantly than expected. In energy equities, he observed that the sector has declined modestly over recent trading days, with Oil Services bearing the brunt of the losses. Electric utilities have outperformed, serving as a temporary safe haven for investors. He ended by pointing out two notable headlines: first, a partnership between Chevron and Microsoft to develop a co-located power facility in West Texas that will supply electricity to a Microsoft-operated data center under a 20-year PPA; and second, the Department of Energy's announcement of $17.5 billion in financing to help incentivize/jump start utilities to order equipment for large-scale nuclear reactors. Ellen Wilkirson made her COBT debut and added her questions and perspective to the discussion as well. 

In this episode of Top Stories we're going all the way back to November 2007, near where all this started, and episode 6, where Andy and John discussed the Top Story of that week, the OPEC summit. There you go, what a show that was. If you wanna hear more and up to date all be it not exactly new news. Then why not listen at thebuglepodcast.com Hosted on Acast. See acast.com/privacy for more information.

https://youtu.be/B4L-5KNiqNo Recorded: June 21, 2026 In Episode 159 of the PetroNerds Podcast, Trisha Curtis, CEO of PetroNerds and host of the PetroNerds Podcast, delivers a wide-ranging market update on oil, natural gas, geopolitics, China, strategic petroleum reserves, inflation, and monetary policy. Recorded on Father's Day and ahead of America's 250th Fourth of July celebration, the episode focuses on the U.S.-Iran memorandum of understanding, the Strait of Hormuz, global crude oil flows, China's oil imports, and the Federal Reserve's renewed emphasis on inflation. Trisha examines why oil prices moved lower despite heightened geopolitical tensions, how more crude continued reaching the market through Hormuz and alternative export routes, and why physical oil flows matter more than headlines. Key Takeaways Oil prices softened as crude continued flowing through and around the Strait of Hormuz. Saudi Arabia and the UAE's export infrastructure helped reduce supply risks during the latest Middle East tensions. China's crude import decline does not necessarily indicate collapsing demand and must be viewed alongside stockpiling, refinery activity, and energy-security priorities. The debate between the IEA and OPEC reflects competing views of future oil demand and supply balances. Federal Reserve Chairman Kevin Warsh signaled a stronger focus on inflation and price stability. AI-driven investment and rising electricity demand may contribute to future inflationary pressures. Oil Flows, Hormuz, and Energy Security A major theme throughout the episode is the disconnect between market sentiment and physical oil realities. Trisha walks listeners through the U.S.-Iran memorandum of understanding, disputed claims surrounding the Strait of Hormuz, and the market reaction to evolving events in the Middle East. The conversation examines how Saudi Arabia's East-West Pipeline and the UAE's Fujairah pipeline provide critical export capacity outside the Strait of Hormuz, helping maintain crude flows during periods of disruption. Trisha also reviews Strategic Petroleum Reserve releases, U.S. crude exports, tanker traffic, and the importance of understanding actual barrel movements in a 100-million-barrel-per-day global oil market. Why China Remains the Most Important Energy Story One of the central themes of the episode is China and its long-term energy-security strategy. Trisha challenges the narrative that declining Chinese crude imports are solely the result of electric vehicle adoption. Instead, she examines China's stockpiling activity, refinery runs, strategic reserves, domestic production, and energy-security priorities. The discussion highlights why understanding China remains critical to understanding global oil markets, particularly as Beijing balances economic challenges with long-term strategic planning. The IEA, OPEC, and the Future of Oil Demand The episode also explores the growing divide between the International Energy Agency and OPEC. Trisha reviews the IEA's June Oil Market Report and the possibility that restored production and normalized Hormuz flows could create a future supply overhang. She contrasts that outlook with OPEC's World Oil Outlook 2026, which projects continued growth in global oil demand through 2050. The discussion raises important questions about energy security, investment, and whether current market forecasts are adequately accounting for future demand growth. Inflation, the Federal Reserve, and AI In the second half of the podcast, Trisha shifts to macroeconomics and monetary policy. She breaks down the June Federal Open Market Committee meeting, Chairman Kevin Warsh's first press conference, inflation data, Treasury yields, housing, and the Federal Reserve's balance sheet. Trisha also discusses the potential inflationary effects of rising investment in artificial intelligence infrastructure, semiconductors, data centers, and electricity demand. The episode concludes with a broader discussion on inflation, energy prices, housing, and the economic forces likely to shape markets through the remainder of 2026. Whether you're an energy executive, investor, policymaker, or industry professional, Episode 159 provides a timely and data-driven examination of the forces shaping oil markets, inflation, energy security, and the global economy.

美國與伊朗簽署停戰備忘錄，這份標榜著讓自由貿易與能源流動回歸的協議，是川普外交藝術的新偉業，還是基於美國國內反彈而催生的權宜性安排？接下來全球反而可能進入石油過剩的時代？以色列批評這不是真正的和平協議，將埋下綏靖主義的隱憂，如何解讀以色列這番立場？伊朗宣稱取得勝利，部分原因是美國終究沒能摧毀伊斯蘭政權，如何看待伊朗在這次戰爭中將地理優勢與政治敘事轉化為籌碼的談判技術？這份協議承諾的「解除部分制裁與解凍資產」，是否將成為伊朗革命衛隊重建戰力的資金？或者是從經濟上掐住伊朗財政？川普開戰之初，企圖將美方軍事行動描述成對伊朗人民起義的鼓動，現在是否拋棄了這張支票？這份停戰協議會如何影響伊朗內部的權力鬥爭？以色列建國初期奉行至今的「比金主義」如何深植於其安全意識？這次未被納入主要談判框架的以色列，未來是否可能單方面選擇更極端的先發打擊策略？美國避免陷入長期戰爭泥淖而與伊朗妥協，會使中俄重建中東布局，還是削弱了這些威權國家間的合作結構？伊朗學會川普的交易式外交，荷姆茲海峽淪為美伊談判籌碼，這種模式對同樣面臨周邊灰色地帶行動威脅與海峽封鎖風險的台灣，有什麼啟示？精彩訪談內容，請鎖定@華視三國演議！ 本集來賓：#宋國誠 #矢板明夫 主持人：#汪浩 以上言論不代表本台立場 #美伊停戰 #荷姆茲海峽 #石油過剩 #灰色地帶 電視播出時間

欢迎收听雪球出品的财经有深度，雪球，国内领先的集投资交流交易一体的综合财富管理平台，聪明的投资者都在这里。今天分享的内容叫招商轮船的发展历程和未来期望，来自赛艇队长。三、各业务板块发展轨迹分析招商轮船的业务板块可以划分为五大类：油轮运输、干散货运输、LNG运输、汽车滚装运输和集装箱运输。其中，油轮和干散货是双核心主业，贡献了公司绝大部分利润；LNG运输是未来增长极；汽车滚装和集装箱运输则是重要的业务补充，增强了公司穿越周期的能力。油轮运输业务——核心基石油轮运输是招商轮船的立业之本，也是公司最具竞争优势的业务板块。公司旗下的海宏轮船（AMCL）拥有超过50年的大型油轮专业经营管理经验，其前身是1968年将VLCC引入远东的香港金山轮船公司。这一深厚的历史积淀，使公司在国际油运市场建立了卓越的声誉。从规模演进看，公司VLCC船队经历了三个发展阶段。2015-2017年是快速扩张期，通过新建和收购，船队规模从34艘增至44艘。这一时期，公司抓住中国原油进口需求增长的机遇，迅速扩大VLCC船队规模。2018-2020年是巩固优化期，船队规模维持在51-53艘，重点转向船队结构优化和成本管控。这一时期，公司虽然没有大规模新增运力，但通过加装脱硫塔、节能装置等方式，提升了船队的环保性能和运营效率。2021-2024年是提质增效期，虽然船队规模基本稳定在52艘左右，但通过数字化改造和精细化管理，船队的运营效率进一步提升。特别值得一提的是，公司的VLCC船队在成本控制方面处于行业领先地位。2025年，公司VLCC船队保本点已降至约2万美元/天，这意味着即使在市场低迷时期，公司仍能保持盈利或最小化亏损。这一成本优势来源于三个方面：一是规模效应带来的采购成本优势，包括燃油采购、备件采购、保险采购等；二是与中石化、中石油等大型客户的长期合作关系带来的货源保障，降低了空驶率和等待时间；三是精细化管理带来的运营效率提升，包括航线优化、航速优化、燃油管理等。从客户结构看，公司VLCC船队主要服务于中国大型石油公司和国际知名油商。国内客户包括中石油、中石化、中海油、中化集团等。国际客户包括壳牌、BP、道达尔、维多等全球顶级油商，这些客户对服务质量要求高，但运费水平也相对较高。这种"国内保货量、国际增弹性"的客户结构，使公司能够在不同市场环境下都保持较好的盈利能力。从航线布局看，公司VLCC船队覆盖全球主要石油贸易航线。中东-中国航线是最核心的航线，约占公司VLCC运力的40%；西非-中国航线约占20%；美洲-亚洲航线约占15%；其他区域航线约占25%。这种多元化的航线布局，使公司能够有效分散单一航线风险，并灵活调配运力应对市场变化。干散货运输业务——第二支柱干散货运输是公司的第二大核心业务，以VLOC（超大型矿砂船）为龙头，辅以好望角型、巴拿马型、灵便型散货船队。公司旗下的香港明华（HKMW）成立于1980年，在1980年代的航运危机中抓住市场机遇，迅速发展壮大，形成了独特的经营风格和风险管理能力。VLOC船队是公司干散货业务的核心竞争力所在。2015年，公司VLOC业务刚刚起步，仅有4艘船舶。通过与巴西淡水河谷的战略合作，公司迅速扩大VLOC船队规模。2016年收购恒祥控股后，VLOC船队增至8艘。2018年经贸船务资产并表后，VLOC船队猛增至28艘。到2021年，VLOC船队达到37艘（含参股和代管），规模位居世界第一。这一成就的取得，关键在于公司与淡水河谷签订的长期COA合同。这些长期COA合同具有几个显著特征：第一，合同期限长，通常为20-25年，覆盖了船舶的大部分使用寿命；第二，运价相对稳定，通常采用"成本加成"或"固定运价+通胀调整"的定价机制，避免了市场大幅波动的影响；第三，货源有保障，淡水河谷承诺每年提供固定的货运量，公司无需为货源担忧。这种"长约锁定"的商业模式，使VLOC船队成为公司利润的"压舱石"。2025年，VLOC船队维持在34艘（其中100%权益14艘，30%权益20艘）。虽然绝对数量略有下降，但船队质量持续提升。公司与淡水河谷的合作不断深化，不仅保障了基础货源，还围绕其在国内的混矿业务展开内贸、近洋运输业务，形成了内外联动的业务格局。此外，公司还在积极拓展与其他矿商的合作，以降低对单一客户的依赖。从业绩表现看，干散货业务虽然也会受到市场周期影响，但波动幅度明显小于油运业务。这主要得益于VLOC长期合同的稳定贡献和公司优秀的运营能力。除VLOC外，公司的干散货船队还包括好望角型、巴拿马型、灵便型散货船。这些船舶主要服务于国内沿海运输和东南亚近洋运输，经营方式以程租为主，灵活性较高。LNG运输业务——未来增长极LNG（液化天然气）运输是公司最具战略意义的业务布局。在全球能源转型的大背景下，天然气作为最清洁的化石能源，需求持续增长。国际能源署（IEA）预测，到2030年全球LNG贸易量将达到6亿吨，较2024年的4.12亿吨增长46%。这一趋势为LNG运输业提供了长期增长动力。公司LNG业务的发展经历了三个阶段。2015-2019年是参股探索期，公司通过CLNG（持股50%，与中远海能合资）参与LNG运输，主要投资亚马尔项目、澳洲项目等。这一时期，公司对LNG运输业务进行了充分的学习和积累，培养了专业的管理和技术团队，但投资较为被动，收益以投资收益形式体现。具体来看，2015年公司参股LNG船队6艘，2016年保持6艘，2017年增至11艘，2018年增至14艘，2019年增至21艘。2020-2022年是主动布局期。2020年，亚马尔项目5艘ARC7级北极型LNG船投运，公司开始获得稳定的投资收益。2022年，公司组建招商气运（CMLNG）平台，标志着公司正式进入自主投资、自主运营的新阶段。这一决策的战略意义重大：一方面，公司从被动参股转向主动布局，能够自主选择投资项目和合作伙伴；另一方面，公司开始建立自主的船队管理和运营能力，为未来的扩张奠定基础。2023-2025年是战略突破期。2023年，公司成功获取卡塔尔能源LNG运输项目（卡气二期），这是公司历史上最大的单笔LNG运输项目。卡塔尔是全球最大的LNG出口国，卡塔尔能源是全球最大的LNG生产商，与其建立合作关系，标志着公司正式进入国际LNG运输的第一梯队。2024年，公司大规模下单，全年新签12艘LNG船。至此，公司累计投资LNG船舶64艘，其中61艘已锁定15-25年期长期租约，成为国际LNG运输市场不可忽视的重要力量。从商业模式看，公司LNG业务采用"长约锁定+自主运营"的策略。长约锁定确保了收益的稳定性，15-25年期租约的IRR约为8-10%，虽然不算高，但胜在稳定持久，能够为公司提供穿越周期的现金流。自主运营则使公司能够积累运营经验，培养专业团队，为未来进一步扩大市场份额奠定基础。这种商业模式的风险相对较低，因为LNG船舶的造价高昂、建造周期长，且技术要求严格，新进入者难以快速扩张。从技术角度看，公司投资的LNG船舶代表了行业最高水平。卡气二期项目涉及的Q-Max型LNG船，单船运力达27.1万立方米，是全球最大的LNG船型。这些船舶采用最新的薄膜型液货舱技术，蒸发率低于0.1%，能效水平处于行业领先。此外，公司还在探索氨燃料、氢燃料等零碳技术的应用，为未来的绿色转型做准备。另外公司也在探索非锁定的LNG船的运营，从海能的LNG项目船收入来看，基本上7-8年就能实现造船投入全回收。虽然轮船没有披露每一个项目情况，但是不会比海能的差。也就是说，新签订的LNG项目收益要比老项目高，船舶锁定期从15-25年不等，如果是15年的船后续项目不续签，公司依旧能享受近10年的运营收益。汽车滚装业务——新兴亮点汽车滚装运输是比较具有成长性的业务板块。这一业务的战略价值，在于它抓住了中国汽车工业崛起和汽车出口爆发式增长的历史性机遇。2021-2025年，中国汽车出口量从约200万辆激增至709.8万辆，年复合增长率超过35%。这一增长主要由新能源汽车出口驱动，新能源汽车出口占比从2021年的约30%提升至2025年的约37%。从历史沿革看，公司汽车滚装业务源于2018年收购的深圳滚装。最初，这项业务主要从事国内沿海和长江的汽车滚装运输，服务的客户主要是国内汽车厂商，航线覆盖上海-大连、上海-广州等沿海航线以及长江流域。这一时期的业务相对稳定，但增长空间有限，年运输量约100-150万辆。真正的转折点出现在2021-2022年。随着中国汽车出口量开始爆发式增长，公司敏锐地捕捉到这一趋势，开始将内贸船舶调整至外贸航线。2021年，公司外贸滚装船队仅2艘，主要服务于东南亚航线。2022年，外贸船队扩大至4艘，新增欧洲航线。2023年，外贸船队进一步扩大至5艘，新增地中海航线。2025年，公司汽车滚装外贸业务实现历史性突破。全年外贸运营船队达到8艘，开辟了墨西哥、巴西、欧洲、地中海等多条远洋航线。特别是墨西哥和巴西航线的开通，抓住了中国新能源汽车出口南美的热潮。墨西哥已成为中国新能源汽车出口的最大目的地之一，近年来中国对墨西哥汽车出口超过40万辆。巴西则是南美最大的汽车市场，中国新能源汽车品牌如比亚迪、奇瑞、长城等在巴西市场份额快速提升。从竞争格局看，汽车滚装运输市场呈现"中国需求驱动"的特征。传统的汽车滚装船东如日本川崎汽船、挪威华轮威尔森等，主要服务于日本、韩国、欧洲汽车厂商的出口需求。随着中国汽车出口崛起，中国船东获得了历史性机遇。公司作为中国最大的汽车滚装船东之一，具有明显的先发优势。展望未来，公司汽车滚装业务的增长空间仍然巨大。公司已下单6艘9300CEU甲醇双燃料PCTC（汽车运输船），预计2026-2027年陆续交付。这些新船将采用绿色甲醇作为燃料，不仅符合IMO的环保要求，更能满足国际大客户对供应链碳中和的要求。此外，这些新船的载车量达9300辆，是现有船舶的2-3倍，单船运营效率大幅提升。预计到2027年，公司外贸滚装船队将扩大至10-12艘，年运输能力突破100万辆。集装箱运输业务——稳定器集装箱运输业务在公司业务组合中扮演着"稳定器"的角色。虽然规模不大，但盈利稳定性强，在市场波动时能够起到平衡作用。这一业务的存在，使公司在油运和干散货市场低迷时，仍能保持整体盈利。公司集装箱运输业务源于2021年收购的中外运集运。中外运集运成立于1998年，曾经是覆盖干线、支线和内贸的全航线老牌班轮公司。在其鼎盛时期，曾拥有超过50艘集装箱船，航线覆盖全球主要港口。经历过多轮市场周期的洗礼后，公司将其重新定位为亚洲区域内精品航线运营商。这一定位的核心逻辑是避开与中远海控、马士基等巨头的正面竞争。干线集装箱运输市场集中度极高，前十大班轮公司占据约85%的市场份额，新进入者难以获得规模优势。而区域市场则相对分散，且客户需求更加多样化，有利于差异化竞争。公司聚焦于日本、韩国、东南亚、澳洲等区域市场，提供高频次、准班率高的精品服务。从航线网络看，公司目前经营约20条区域航线，覆盖东亚、东南亚、南亚、澳洲等地区。主要航线包括中国-日本航线（约8条）、中国-东南亚航线（约6条）、中国-澳洲航线（约3条）等。这些航线的特点是运距相对较短（通常在2000海里以内）、班次密集（通常每周1-2班）、客户粘性高。从业绩表现看，集装箱业务呈现高收益、低波动的特征。2021年，受益于疫情后集装箱运价暴涨，公司集装箱业务实现净利润13.90亿元，ROE超过30%。2022年，市场继续高位运行，净利润约21亿元。2023年，随着市场回归常态，净利润回落至约8.7亿元，但仍保持盈利。2025年，抓住红海危机带来的区域市场机会，净利润回升至约12亿元。从战略价值看，集装箱业务的意义不仅在于其自身的盈利贡献，更在于它与公司其他业务的协同效应。例如，集装箱船队的航线网络可以为汽车滚装业务提供支线转运服务，形成"干线滚装+支线集装箱"的联运模式；集装箱运输的客户资源（如汽车厂商、电子产品厂商）可以为干散货运输提供交叉销售机会。这种协同效应虽然难以量化，但对于提升公司整体竞争力具有重要意义。穿梭油轮——潜在增长点2025年是招商轮船正式进入穿梭油轮领域的元年，以签约1+1艘Suezmax级DPST为标志公司油运业务从远洋干线向深海油田服务延伸，形成了VLCC+Aframax+DPST的油轮矩阵。穿梭油轮（DPST）需要具备在海上油田浮仓旁精准定位、靠泊、装卸的能力，技术复杂度远超普通油轮。此次和巴西国油签署的长期期租，收入稳定性高，类似于LNG船的模式，但是预计IRR更高。依托于海宏香港50余年的大型油轮管理经验，穿梭油轮有望成为未来十年新的增长点。四、未来5年发展路径预测展望未来5年，招商轮船的发展将受到多重因素的影响：全球能源转型趋势、航运业绿色变革、地缘政治格局变化、以及公司自身的战略执行能力。将有以下几个特征第一：LNG船队进入集中交付期到2030年，公司LNG船订单将全部交付，运营船舶数量将从2024年的22艘提升至64艘，按照每艘LNG船年均贡献净利润约0.3-0.5亿元估算，到2027年，LNG业务净利润有望达到18-20亿元，成为公司很大的利润来源。第二：油运继续贡献主要利润来源从油运市场看，2026-2028年预计将处于上行周期。支撑这一判断因素很多，但是底层因素主要有三个：首先，OPEC+逐步退出减产，全球原油产量增加，将带动油运需求增长。其次，全球石油需求在2030年前仍将保持增长，特别是亚洲地区需求强劲。中国、印度等新兴经济体仍处于工业化和城市化进程中，石油需求仍有增长空间。最后，VLCC船队老龄化加剧，供给端约束日益明显。新船交付有限，而老旧船舶面临拆解压力，船队增长缓慢。基于以上因素，我们预测这一阶段VLCC TCE有望维持在较高的水平，TCE每增加1万美金，油运利润增厚13亿左右。每年70-100亿+的净利润可以期待。第三：其他业务处于中等景气周期从其他业务看，干散货业务预计将保持向上运行，随着西芒杜铁矿的稳产，到2030年有望出货量达到1.2万吨。轮船的VLOC长期合同的稳定贡献，新造船下水将支撑干散货初步走高，而且干散货市场船舶老龄化问题也非常突出，可能会造成较大的供需失衡。预计业务净利润维持在15-25亿元/年。汽车滚装业务将受益于中国汽车出口的持续增长，特别是新能源汽车出口的高速增长。公司已下单的6艘9300CEU甲醇双燃料PCTC将于2026-2027年陆续交付，外贸船队规模将扩大至10-12艘，净利润有望从2025年的约2.29亿元增长至2028年的6-8亿元。集装箱业务预计将保持稳健运行，净利润维持在8-12亿元/年。虽然区域集装箱市场也存在周期性，但公司的精品航线定位使其具有较好的抗风险能力。综合来看，公司在没有任何板块进入躁热周期的情况下，下限平均年利润将从22-24年的50亿左右，增长至未来的70-85亿。如果油运、干散两个核心板块进入大周期，年利润有望升至100-170亿。随着利润的提升，公司负债进一步降低，财务费用同比下行，会释放更多利润。所以我也不赞成用传统周期行业估值去算轮船，成长路径清晰，资本开支高峰期过后，股东回报上来，可以给更高的估值。也希望大家不要只局限于轮船的油运业务，虽然这个业务确实出彩，但是其他业务也不逊色。管中窥豹，不能知其全貌。未来公司也将从一个以油运为主的传统航运企业，转型为以清洁能源运输为核心的现代化航运集团。最后，需要再次提醒，本报告仅供参考，不构成投资建议。航运业具有周期性特征，业绩可能随市场波动。投资航运的第一要务：敬畏航运！就如同我们面对波涛汹涌的大海一样，如果你不敬畏它，那么终将会被吞噬。

- Peak Oil? Nope. Demand Keeps Growing - JLR's North American CEO Quits - Land Rover Relies on Chery For Freelander - Europe Needs to Save Its Auto Industry - Sweden Wants Changes to FSD - 7,000 Tesla Owners Join Class Action Lawsuit - Use Grok To Talk to FSD - Public Supports U.S. Military Right-To-Repair - Chery Launches Pickup Truck Division - Autoline Poll on Tariffs

- Peak Oil? Nope. Demand Keeps Growing - JLR's North American CEO Quits - Land Rover Relies on Chery For Freelander - Europe Needs to Save Its Auto Industry - Sweden Wants Changes to FSD - 7,000 Tesla Owners Join Class Action Lawsuit - Use Grok To Talk to FSD - Public Supports U.S. Military Right-To-Repair - Chery Launches Pickup Truck Division - Autoline Poll on Tariffs

Andy Burnham wins the Makerfield by-election, returning him to Parliament and setting up a leadership challenge against U.K. Prime Minister Keir Starmer. In geopolitics, U.S.-Iran talks today are called off after U.S. Vice President JD Vance cancels his trip to Switzerland, as the administration hits back at criticism of the deal from both sides of the aisle. Meanwhile, OPEC welcomes an interim agreement between the U.S. and Iran, pushing back on forecasts of a supply glut following the conflict. Secretary General Haitham Al Ghais tells CNBC exclusively that OPEC still has the power to manage the market.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ignore the surface level rage. Trump's Iran deal is a major victory in a longstanding plan to cut off Opec and China as well as secure regime change in iran   BUY CAST BREW COFFEE TO FIGHT BACK - https://castbrew.com/ Join The Discord Server - https://timcast.com/join-us/ Live Show - https://youtube.com/timcastirl News - http://youtube.com/timcastnews Daily Show - http://youtube.com/timcast X - https://x.com/Timcast Insta - http://instagram.com/timcast

The Fed held today. Rates stay at 3.5%-3.75%. But here's the thing — the hold was not the news. The news was in the dot plot. The median projection for where rates will end 2026. Core PCE inflation was revised up to 3.3%. And unemployment? Revised up to 4.3%. Rising inflation and rising unemployment in the same forecast. That is the stagflation signal, and if you've been in this business long enough, you know what that means: the Fed is in a corner.Now let me tell you why they're in that corner, because this is the part that almost nobody is saying out loud.Oil went from $53 a barrel at the start of the year to one hundred and twelve  because of the Iran conflict. It's retreating now — call it $76— on peace deal expectations. That move, from $53 to $112 and back down, had absolutely nothing to do with the federal funds rate. Rate hikes can slow down the economy. They can reduce demand for gasoline. What they cannot do — not even a little — is increase the supply of oil coming out of a war zone. They cannot reopen a blocked strait. They cannot convince OPEC to pump more barrels. In fact, here is the crazy part. We are at tank bottoms in Cushing Oklahoma. A lot of folks focus on the strategic petroleum reserve as an indicator of inventory. But the tank levels in Cushing Oklahoma are far more important. These levels need to be maintained at certain minimums in order for the refineries to operate. If the flow of oil were to stop even briefly, it would force refineries to shut down in a disorderly manner and restarting would take weeks. So prices this low combined with real inventory this low is unprecedented and is not an accurate reflection of the true supply and demand situation.-------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

In this week's Live from the Vault, Andrew Maguire outlines how recent market volatility has masked record central bank accumulation of gold and silver, as governments worldwide accelerate their conversion of dollar reserves into bullion.With Shanghai premiums hitting their highest level since 2008 and the Fed left as the only central bank still defending the dollar against gold, Andrew makes the case for why a sharp, physically driven rally in both metals is now firmly in place. Send your questions to Andy here: https://www.speakpipe.com/LFTVTimestamps: 00:00 Start02:01 Central banks capitalise on recent volatility to accumulate physical gold05:39 UAE exit from OPEC and what it means for the petrodollar09:47 Gold overtakes US Treasuries as the top central bank reserve asset14:04 Why the Fed is the only central bank still defending the dollar against gold20:34 Chart footprints: where unleveraged physical buying overran leveraged sellers27:08 Shanghai gold premium hits largest level since November 200832:07 How the Fed used borrowed gold to fuel momentum short selling36:18 No leveraged longs left - what that means for gold and silver Sign up for Kinesis on desktop:https://kinesis.money/mr-k-gold-savings/Download the Kinesis Mobile app - available App Store and Google Play:Apple: https://kms.kinesis.money/signupGoogle: https://play.google.com/store/apps/de...Also, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.X:   / kinesismonetary  Facebook:   / kinesismoney  Instagram:   / kinesismoney  Telegram: https://t.me/kinesismoneyTikTok:   / kinesismoney  The opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice.Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.

Today we were pleased to be joined by Steve Hilton, Republican candidate for Governor of California, for a wide-ranging discussion on California's economic competitiveness, energy policy, affordability challenges, and the future of opportunity in the state. In our conversation, Steve shared his perspective on the policies and reforms he believes are necessary to address California's rising cost of living, high energy prices, housing affordability concerns, and broader economic challenges. He discussed his campaign proposals to reduce gasoline and electricity costs, reform the state's tax structure, streamline government, and expand housing affordability. Steve outlined his views on California's climate, energy, and regulatory policies, arguing for a more pragmatic approach focused on affordability, domestic energy production, economic growth, and reducing bureaucratic complexity. Throughout the discussion, Steve emphasized that California's long-standing strengths, including its innovation ecosystem, entrepreneurial culture, natural resources, and deep talent base, position the state for renewed growth and competitiveness. We explore the role energy policy plays in economic development, affordability, and business investment, along with the broader challenges facing one of the nation's most influential economies. We appreciate Steve for sharing his time and look forward to staying in touch as the campaign continues. Mike Bradley opened by noting that a peace agreement to end the 15-week war with Iran appears within reach, with a Memorandum of Understanding (MOU) expected to be signed Friday that could lead to a full reopening of the Strait of Hormuz. While an MOU would represent an important milestone, the greater challenge will be ensuring both sides uphold their commitments. In oil markets, the prospect of a deal drove WTI down ~$8/bbl to ~$77/bbl, its lowest closing level since the first week of the conflict. Focus is now shifting to the post-war landscape, with oil strategists closely watching how quickly tanker traffic normalizes through the Strait of Hormuz and the pace at which OPEC restores supply. While traders appear increasingly bearish in the near term, Mike emphasized a more constructive intermediate-term outlook. From an energy equity standpoint, the sharp decline in oil prices has weighed on the sector, with energy equities pulling back ~4% this week, making it the worst-performing sector in the S&P 500. The energy sector has effectively round-tripped since the start of the war (down ~2%). Despite this, the forward oil curve remains supportive, with the 12-month WTI strip at ~$73/bbl (~$10/bbl higher than pre-war levels), underscoring a more constructive medium-term outlook. Energy's weighting in the S&P 500 has declined from ~3.5% (pre-war) to ~3.0%, even though recent events have reinforced the critical role of energy.  From a U.S. bond market standpoint, the 10-year bond yield (~4.45%) has drifted modestly lower this week. Consensus expects the Fed to leave interest rates unchanged at Wednesday's FOMC meeting, with attention focused on forward interest rate guidance and Chairman Warsh's tone and policy path going forward. From a broader equity market standpoint, the S&P 500 has gained ~1.0% this week, bringing it to within 1% of its all-time high. Several market leaders (Big Tech & Semis) pulled back on Tuesday and could signal an early crack in market leadership. He concluded by highlighting investor enthusiasm surrounding the recent SpaceX IPO (+20% on Day 1 and +45% since its debut), noting that the company is now the fifth-largest publicly traded company globally.

In this week's Live from the Vault, Andrew Maguire is joined by Lynette Zang to discuss the petrodollar's decline as global oil trade fragments away from the dollar, and the role of physical gold and silver through the monetary transition ahead.With bond yields hitting 2007 highs and consumer confidence at record lows, the two experts share why they believe the window to prepare is narrowing, and why community, sound money, and physical ownership matter more than ever. Check out Lynette Zang:https://www.zangintl.com/https://www.youtube.com/@ZangIntlSend your questions to Andy here: https://www.speakpipe.com/LFTVTimestamps: 00:00 Start01:44 UAE exits OPEC and what it means for the petrodollar08:32 Why gold may be the only asset capable of replacing oil-backed dollar demand14:41 Silver set to outperform gold as physical markets take control of pricing20:08 How to build a personal wealth strategy for the transition ahead32:14 Why the younger generation is turning away from the system39:21 Sound money in practice - the silver dime coin explained45:12 Community, barterability, and silver as the universal currencySign up for Kinesis on desktop:https://kinesis.money/kinesis-precious-metals/?utm_source=youtube&utm_medium=video&utm_campaign=lftv_274Download the Kinesis Mobile app - available App Store and Google Play:Apple: https://kms.kinesis.money/signupGoogle: https://play.google.com/store/apps/details?id=com.kinesis.kinesisappAlso, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.X: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Instagram: https://www.instagram.com/kinesismoney/Telegram: https://t.me/kinesismoneyTikTok: https://www.tiktok.com/@kinesismoneyThe opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice.Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.

In this week's Live from the Vault, Andrew Maguire explains how the UAE's exit from OPEC is accelerating the shift away from oil-backed dollar demand, and why he believes gold is the only asset capable of filling that role as the petrodollar weakens.With central banks quietly converting dollars into physical gold at every dip, and silver set to reflect real demand for the first time in decades, the London whistleblower warns the biggest transfer of gold and silver in history is already underway. Watch the latest episode of Vaultside: https://youtu.be/vXuA6XloR6YSend your questions to Andy here: https://www.speakpipe.com/LFTVTimestamps: 00:00 Start03:04 UAE exits OPEC and what it means for oil priced in dollars08:39 How much gold it would take to back the global oil market14:41 Why silver is set to outperform gold as de-dollarisation accelerates22:01 COMEX May silver deliveries and the growing gap between paper and physical31:15 Short-term market footprints - what the charts are showing right now45:11 India raises gold import duties and what it means for physical demand51:40 The largest transfer of physical gold and silver ever recordedSign up for Kinesis on desktop:https://kinesis.money/mr-k-gold-savings/Download the Kinesis Mobile app - available App Store and Google Play:Apple: https://kms.kinesis.money/signupGoogle: https://play.google.com/store/apps/details?id=com.kinesis.kinesisappAlso, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.X: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Instagram: https://www.instagram.com/kinesismoney/Telegram: https://t.me/kinesismoneyTikTok: https://www.tiktok.com/@kinesismoneyThe opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice.Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.

We open this stretch by centering on our local community during a devastating season. Anthony Giordano joins the show to discuss the heavy cloud hanging over South Philly following the horrific, senseless gunning down of 22-year-old Penn State senior Billy Schmidt Jr. The crew shines a spotlight on the grassroots response, including a massive neighborhood vigil organized by Stand Up South Philly and Take Our Streets Back to demand accountability from city leadership. We dig into the infuriating reality of juveniles roaming our streets in full hoodies and surgical face coverings during 92-degree weather, pointing out the absolute lack of criticism from city officials regarding criminal use of masks even as strict laws target local enforcement agents. We also look at how this rising tide of violence continues to choke enrollment at institutions like Temple University, forcing families to flee to the suburbs. Switching gears to the national stage, Kayal and Company breaks down Donald Trump's confident posturing at the G7 summit in Evian, France, where world leaders are reacting to the historic 60-day ceasefire deal with Iran. We analyze JD Vance's media blitz defending the agreement against hyper-partisan news outlets that are actively recirculating IRGC talking points. The crew evaluates how the opening of the Strait of Hormuz effectively dismantles OPEC, paving a prosperous highway for Pennsylvania energy sectors. We also examine Vance's rapid political rise, his deep faith-centered book, and the endless speculation surrounding a potential 2028 presidential run while he prepares for a highly anticipated, high-stakes panel confrontation. Finally, we track the immediate, chaotic fallout from that media appearance on ABC. We react to the audio of JD Vance completely dismantling biased narratives pushed by Whoopi Goldberg, Sunny Hostin, and Joy Behar. The discussion turns intensely local as we dissect Whoopi's incoherent rambling regarding a federal judge blocking Trump's order to revamp a worn-out slavery exhibit right here on Independence Mall. We cap off the morning reacting to Dom Giordano's fiery preview of local towns like Mount Holly completely surrendering to fear by canceling their historic July 4th festivities instead of implementing common-sense security.

Larry Kudlow and his guests discuss a trillion-dollar SpaceX IPO as a historic milestone that signifies a new era of American exceptionalism and an ongoing industrial revolution. The conversation highlights how this massive market event has captivated the public's imagination, overshadowing geopolitical conflicts and signaling a shift toward a technology-driven economy fueled by data centers and aerospace innovation. Beyond the hype of Elon Musk's ventures, the speakers find optimism in strong economic indicators, such as robust corporate profits and a surge in the Russell index, which they believe reflect a healthy domestic landscape. They further argue that disinflationary pressures, evidenced by falling commodity prices and the weakening of the OPEC cartel, will eventually allow for lower interest rates. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tony Arterburn of Wise Wolf Gold and David Knight walk through a 95% correlation between the current gold bull market and the 1973-1980 OPEC oil embargo cycle — and if the pattern holds, gold triples from here. The gold pullback driven by hot CPI data is, Arterburn argues, pure irrationality: inflation so bad central banks may raise rates is being treated as bearish for gold, when it's the very reason to own it. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

──────────────────────────────────────── [00:04:00] US Launched 'Self-Defense' Strikes on Iran After a Helicopter-Drone Collision — Trump Admitted the Drone Didn't Explode Trump: the drone hit between the two pilots and didn't explode — a collision, not an attack — but he's bombing Iranian water. Cover for his failed ceasefire lie. ──────────────────────────────────────── [00:18:00] JD Vance Says the Iran War Will Be Done in a Year — In March He Said Weeks; Then Eight Weeks; Now a Year Knight: the timeframe expanded from days to weeks to eight weeks to a year — same lying pattern as Vietnam body counts, and nobody in the MAGA press is calling them out. ──────────────────────────────────────── [00:30:00] US Struck Iranian Water Infrastructure — Tens of Thousands Lost Water as 'Self-Defense' for a Collision Hegseth attacked the questioner who asked. Knight: attacking water is a war crime; the same military that shoots shipwrecked non-combatants cut off civilian water as retaliation for an accident. ──────────────────────────────────────── [00:45:00] Tony Arterburn: Gold's Bull Market Has a 95% Correlation With the 1970s Oil Embargo Pattern — Gold Could Triple The 1970s bull ran 1976 to 1980 driven by OPEC. Arterburn: the tick-for-tick alignment is extraordinary — he backed the truck up when gold sold off on yesterday's CPI data. ──────────────────────────────────────── [01:00:00] Gold Sold Off Because CPI Was Worse Than Expected — Arterburn: That Makes No Sense, Worse Inflation Is the Argument for Gold Central banks pushed to raise rates because of inflation they can't control — if they do, the economy collapses and they'll have to print. Either way it's inflation. ──────────────────────────────────────── [01:12:00] US Debt Is 80 Times Larger Than When Volcker Raised Rates to 20% — the Fed Has No Leverage Left Arterburn: in 1980 debt was $500 billion; now closing in on $40 trillion — interest payments approach the defense budget. They cannot raise rates enough to control inflation, so they'll print. ──────────────────────────────────────── [01:28:00] AI Companies Must Double Revenue Every Year Until 2030 — the Only Justification Is Selling Mass Job Replacement Revolver: if AI is just a useful tool it can't justify hundreds of billions in capital — the 'AI will take everyone's job' narrative sustains the bubble. A sales pitch, not a warning. ──────────────────────────────────────── [01:40:00] AI Data Center Noise Is Destroying Wyoming Ranch Communities — Residents Call It a Trespass on Their Private Property A couple near a Meta data center said 24/7 construction has made their property unlivable — Knight: noise is a trespass, and that is the legal argument that works. ──────────────────────────────────────── [01:50:00] Man Spent 50 Days in Jail Because AI Said He Was an 85% Match — He Was 5 Hours Away When the Crime Happened At least 14 known wrongful arrests from facial recognition — a second man arrested for a carjacking whose suspect couldn't travel 5 miles in 23 seconds. Algorithm outranked all evidence. ──────────────────────────────────────── [01:58:00] Marsha Blackburn Is Steering the AI Preemption Package — Knight: She'll Be Tennessee's Governor Enforcing Biometric Surveillance Blackburn is spearheading Kids Online Safety, No Fakes Act, and age verification — all requiring face scans or government ID to use the internet, pre-empting states. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

──────────────────────────────────────── [00:04:00] US Launched 'Self-Defense' Strikes on Iran After a Helicopter-Drone Collision — Trump Admitted the Drone Didn't Explode Trump: the drone hit between the two pilots and didn't explode — a collision, not an attack — but he's bombing Iranian water. Cover for his failed ceasefire lie. ──────────────────────────────────────── [00:18:00] JD Vance Says the Iran War Will Be Done in a Year — In March He Said Weeks; Then Eight Weeks; Now a Year Knight: the timeframe expanded from days to weeks to eight weeks to a year — same lying pattern as Vietnam body counts, and nobody in the MAGA press is calling them out. ──────────────────────────────────────── [00:30:00] US Struck Iranian Water Infrastructure — Tens of Thousands Lost Water as 'Self-Defense' for a Collision Hegseth attacked the questioner who asked. Knight: attacking water is a war crime; the same military that shoots shipwrecked non-combatants cut off civilian water as retaliation for an accident. ──────────────────────────────────────── [00:45:00] Tony Arterburn: Gold's Bull Market Has a 95% Correlation With the 1970s Oil Embargo Pattern — Gold Could Triple The 1970s bull ran 1976 to 1980 driven by OPEC. Arterburn: the tick-for-tick alignment is extraordinary — he backed the truck up when gold sold off on yesterday's CPI data. ──────────────────────────────────────── [01:00:00] Gold Sold Off Because CPI Was Worse Than Expected — Arterburn: That Makes No Sense, Worse Inflation Is the Argument for Gold Central banks pushed to raise rates because of inflation they can't control — if they do, the economy collapses and they'll have to print. Either way it's inflation. ──────────────────────────────────────── [01:12:00] US Debt Is 80 Times Larger Than When Volcker Raised Rates to 20% — the Fed Has No Leverage Left Arterburn: in 1980 debt was $500 billion; now closing in on $40 trillion — interest payments approach the defense budget. They cannot raise rates enough to control inflation, so they'll print. ──────────────────────────────────────── [01:28:00] AI Companies Must Double Revenue Every Year Until 2030 — the Only Justification Is Selling Mass Job Replacement Revolver: if AI is just a useful tool it can't justify hundreds of billions in capital — the 'AI will take everyone's job' narrative sustains the bubble. A sales pitch, not a warning. ──────────────────────────────────────── [01:40:00] AI Data Center Noise Is Destroying Wyoming Ranch Communities — Residents Call It a Trespass on Their Private Property A couple near a Meta data center said 24/7 construction has made their property unlivable — Knight: noise is a trespass, and that is the legal argument that works. ──────────────────────────────────────── [01:50:00] Man Spent 50 Days in Jail Because AI Said He Was an 85% Match — He Was 5 Hours Away When the Crime Happened At least 14 known wrongful arrests from facial recognition — a second man arrested for a carjacking whose suspect couldn't travel 5 miles in 23 seconds. Algorithm outranked all evidence. ──────────────────────────────────────── [01:58:00] Marsha Blackburn Is Steering the AI Preemption Package — Knight: She'll Be Tennessee's Governor Enforcing Biometric Surveillance Blackburn is spearheading Kids Online Safety, No Fakes Act, and age verification — all requiring face scans or government ID to use the internet, pre-empting states. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Tony Arterburn of Wise Wolf Gold and David Knight walk through a 95% correlation between the current gold bull market and the 1973-1980 OPEC oil embargo cycle — and if the pattern holds, gold triples from here. The gold pullback driven by hot CPI data is, Arterburn argues, pure irrationality: inflation so bad central banks may raise rates is being treated as bearish for gold, when it's the very reason to own it. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

The Gulf has been a key target for Iranian missiles and drones. Iran has struck infrastructure, oil and gas installations, civilian areas, and US military bases. These attacks have struck at the heart of the Gulf's image as a safe and stable environment. While the region deals with Iranian attacks, Saudi Arabia and the UAE have been working out how to deal with each other. The Saudi-Emirati rivialry has been rumbling on for a number of years now, and during this conflict, they both have conflicting ideas about how to deal with Iran, who they should be allied with, and how they can protect their economies. This week, how have the Saudi and Emirati economies been impacted by the war? Why did the UAE leave OPEC? And what do these two competing regional powers what in Iran? Joining us to discuss the UAE and how it has been impacted by the war is Giorgio Cafiero (@GiorgioCafiero), CEO of Gulf State Analytics (@GulfStateAnalyt), and adjunct assistant professor at Georgetown University (@Georgetown). And to guide us through Saudi Arabia, we speak with Kristian Coates Ulrichsen (@Dr_Ulrichsen), Fellow for the Middle East at Rice University's Baker Institute for Public Policy (@BakerInstitute). This podcast is written and produced by Hugo Goodridge (@hugogoodridge). Theme music by Omar al-Fil with additional music from Audio Network. To get in touch with the producers, follow then tweet us at @TNAPodcasts or email podcast@newarab.com

──────────────────────────────────────── [00:04:00] Trump Told NBC He 'Had to Take a Turn' and Choose War Over His Good Economy — He Admits the Inflation Was His Decision Knight: he said the quiet part out loud — I could have kept the good economy but I decided to destroy it for the Iran war. It is purely a PR calculation. ──────────────────────────────────────── [00:18:00] 55% of Trump's Own 2024 Voters Want the Iran War to End — He Told the Farmer Who Can't Afford Fertilizer That They Still Love Him Knight: 70% of farmers can't afford fertilizer; Trump's response was loyalty — they still love me. Cognitive dissonance cultivated by the MAGA media for years. ──────────────────────────────────────── [00:30:00] Trump Said 'No New Wars' Over and Over — Tucker Carlson: He Also Shut Down His Own Butler Assassination Investigation Carlson: Trump installed loyalists in every key position yet shut down the investigation into his own attempted murder — no non-sinister explanation exists. ──────────────────────────────────────── [00:42:00] LA Election: Mail-In Ballots Moved the Socialist From Third to Second, Ousting the Strong Second-Place Candidate Knight: a candidate leading strongly on election night was moved out of the runoff as mail-in ballots were counted — the same corrupt vote-by-mail system Trump created in 2020. ──────────────────────────────────────── [00:55:00] SpaceX IPO Prices at Nearly $2 Trillion — It Would Need $1.1 Trillion in Revenue to Justify That, 60x What It Made Last Year SpaceX lost $4.9 billion in 2025 on $18.7 billion in revenue; Amazon's record is $742 billion. Knight: it is the doge of the stock market. ──────────────────────────────────────── [01:08:00] Iran War Costs $750 Per Household So Far — Airlines Are Paying $100 Billion More for Jet Fuel This Year Jet fuel is up 70% year over year, cutting global airline profits in half. The gas buddy analyst says even if ceasefire happened today, prices would not normalize for six to eight months. ──────────────────────────────────────── [01:20:00] Trump Says Oil Will Come Right Down When the War Ends — the Last Time We Were Cursed for Israel's Benefit, Prices Never Came Back The 1973 OPEC embargo quadrupled oil prices and they never came back — this time it is destruction of production infrastructure, not just disruption. ──────────────────────────────────────── [01:33:00] Jonathan Pollard and Mark Levin Are Pushing for a Nuclear Strike on Iran — Knight: They Are Worse Than the Ayatollah Knight: the ayatollah has not pushed for nuclear war — Pollard and Levin are. Levin's son arranged the Pollard-Huckabee meeting; they threaten nuclear war when they don't get what they want. ──────────────────────────────────────── [01:45:00] Housing: One of the Largest Buyer-Seller Gaps in History With Prices Still Elevated — Suggests Massive Institutional Buying Last time there was a gap this large was COVID — the Philadelphia Fed found owner-occupancy fraud is pervasive, with significant percentages of 'owner-occupied' housing vacant. ──────────────────────────────────────── [01:57:00] Barter Economy Preparedness: During the Sarajevo Siege, One Cigarette Bought Bread — Salt Was Literally Money for Most of History Jack Lawson: food, salt, alcohol, tobacco, medical supplies, and tools are the real currency in collapse — Romanian farmers under Communism were left alone because they had food. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

──────────────────────────────────────── [00:04:00] Trump Told NBC He 'Had to Take a Turn' and Choose War Over His Good Economy — He Admits the Inflation Was His Decision Knight: he said the quiet part out loud — I could have kept the good economy but I decided to destroy it for the Iran war. It is purely a PR calculation. ──────────────────────────────────────── [00:18:00] 55% of Trump's Own 2024 Voters Want the Iran War to End — He Told the Farmer Who Can't Afford Fertilizer That They Still Love Him Knight: 70% of farmers can't afford fertilizer; Trump's response was loyalty — they still love me. Cognitive dissonance cultivated by the MAGA media for years. ──────────────────────────────────────── [00:30:00] Trump Said 'No New Wars' Over and Over — Tucker Carlson: He Also Shut Down His Own Butler Assassination Investigation Carlson: Trump installed loyalists in every key position yet shut down the investigation into his own attempted murder — no non-sinister explanation exists. ──────────────────────────────────────── [00:42:00] LA Election: Mail-In Ballots Moved the Socialist From Third to Second, Ousting the Strong Second-Place Candidate Knight: a candidate leading strongly on election night was moved out of the runoff as mail-in ballots were counted — the same corrupt vote-by-mail system Trump created in 2020. ──────────────────────────────────────── [00:55:00] SpaceX IPO Prices at Nearly $2 Trillion — It Would Need $1.1 Trillion in Revenue to Justify That, 60x What It Made Last Year SpaceX lost $4.9 billion in 2025 on $18.7 billion in revenue; Amazon's record is $742 billion. Knight: it is the doge of the stock market. ──────────────────────────────────────── [01:08:00] Iran War Costs $750 Per Household So Far — Airlines Are Paying $100 Billion More for Jet Fuel This Year Jet fuel is up 70% year over year, cutting global airline profits in half. The gas buddy analyst says even if ceasefire happened today, prices would not normalize for six to eight months. ──────────────────────────────────────── [01:20:00] Trump Says Oil Will Come Right Down When the War Ends — the Last Time We Were Cursed for Israel's Benefit, Prices Never Came Back The 1973 OPEC embargo quadrupled oil prices and they never came back — this time it is destruction of production infrastructure, not just disruption. ──────────────────────────────────────── [01:33:00] Jonathan Pollard and Mark Levin Are Pushing for a Nuclear Strike on Iran — Knight: They Are Worse Than the Ayatollah Knight: the ayatollah has not pushed for nuclear war — Pollard and Levin are. Levin's son arranged the Pollard-Huckabee meeting; they threaten nuclear war when they don't get what they want. ──────────────────────────────────────── [01:45:00] Housing: One of the Largest Buyer-Seller Gaps in History With Prices Still Elevated — Suggests Massive Institutional Buying Last time there was a gap this large was COVID — the Philadelphia Fed found owner-occupancy fraud is pervasive, with significant percentages of 'owner-occupied' housing vacant. ──────────────────────────────────────── [01:57:00] Barter Economy Preparedness: During the Sarajevo Siege, One Cigarette Bought Bread — Salt Was Literally Money for Most of History Jack Lawson: food, salt, alcohol, tobacco, medical supplies, and tools are the real currency in collapse — Romanian farmers under Communism were left alone because they had food. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

The United Arab Emirates has announced that it is leaving OPEC (the Organization of the Petroleum Exporting Countries) after almost sixty years as a member. Why does this matter? Well, oil is still one of the most important resources in the world. The price of oil affects how much we pay for petrol, the cost of transporting food, airline tickets, electricity, and much more. When oil prices rise, the economy is also affected. OPEC is one of the most powerful organisations influencing oil prices. For decades, this group of oil-producing countries has worked together to control how much oil enters the global market. But now one of its main members is walking away. In today's episode, we're going to think about a few important questions. What is OPEC? Why is it often called an “oil cartel”? Why has the UAE decided to leave? And what could happen next? And we'll do all of this while learning come new vocabulary and practicing your English listening comprehension! Conversation Club - ⁠https://thinkinginenglish.blog/patreon/conversation-clubs/⁠⁠ TRANSCRIPT - https://thinkinginenglish.blog/2026/06/08/391-why-is-the-uae-leaving-opec-and-what-is-opec-anyway-english-vocabulary-lesson/ AD Free Episode - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/thinkinginenglish⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Patreon - ⁠https://www.patreon.com/thinkinginenglish⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ YouTube Channel -⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@thinkinginenglishpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ INSTAGRAM - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/thinkinginenglishpodcast/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠) $10 Free Credits on iTalki (Affiliate Link) - https://www.italki.com/affshare?ref=af17506448 ⁠⁠⁠⁠⁠⁠⁠ My Editing Software (50 % Discount Affiliate Link) - https://descript.cello.so/BgOK9XOfQdD Borough by Blue Dot Sessions Contact ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertising@airwavemedia.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to advertise on Thinking in English. Thinking in English is part of the ⁠⁠⁠⁠⁠Airwave Media podcast network.⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

The leaders of China and the DPRK have held talks in Pyongyang, vowing to achieve greater progress in bilateral ties (01:04). Analysts warned that global ocean surface temperatures are nearing record highs as the world marks World Ocean Day (19:10). OPEC+ has decided to raise its oil production target for the fourth time in four months (42:23).

WATCH the video on Substack by clicking the play button above or on YouTube (here).STREAM audio only on Apple Podcasts (here), Spotify (here), or your favorite podcast player app.DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below.A few oil macro oriented thoughts today following an interesting week that started at a fuels distribution conference in Las Vegas just prior to last weekend and ended in Vienna on Monday at the OPEC Secretariat where I moderated one of two non-OPEC supply outlook panels as part of OPEC's 19th Annual Technical Meeting of OPEC and Non-OPEC Countries. Our key message today is that the promise of the Strait of Hormuz re-opening following the ceasefire that was announced just about two months ago is giving way to an entrenched stalemate that suggests company executives and investors should brace for both the opportunity and turmoil that comes from big jumps in oil prices but also the inevitable pullbacks that follow as supply/demand clears. We expect that process of super volatility to be a repeatable feature of the current era. While high volatility is often thought of as depressing equity valuations, which is true, it also will depress the instinct by companies to spend capital, which in turn will prove supportive of profitability. How best to value volatile cash flows in publicly-traded equities is always a challenge and a theme we will continue to focus on.We are including the link to the ZeroHedge webinar Arjun did with Jeff Currie as discussed (here).0:00 Introduction 1:40 ZeroHege “Oil Debate” With Jeff Currie 5:56 Valuing Oil-Exposed Equities In A Super Vol Macro Backdrop 8:06 OPEC Meeting Takeaways 10:34 On A Personal Note

Andrew Harding of the Heritage Foundation joins Marc Cox to discuss Iran's military posture in the Strait of Hormuz, potential U.S. responses to escalation, the strategic importance of Kharg Island, shifting Middle East alliances, the future of OPEC, global energy markets, and what the next year could hold for U.S.-Iran relations.

Oil is up  but stocks shrugged it off. What's really going on in the markets right now?In this episode of The Futures Edge, Jim Iuorio and Bobby Iaccino break down the disconnect between crude oil prices and equity markets, the massive implications of the UAE leaving OPEC, and exactly what levels to watch on the Mag-7, Apple, and Nvidia going into earnings.◾️ Timestamp00:00 — Intro & sponsors01:30 — Stocks vs oil disconnect: why the market doesn't care03:00 — CME Trade Against the Pro challenge recap (NASDAQ trade)05:00 — Apple analysis: 7-8% from the 50MA = danger zone?08:00 — Has the market gotten numb to volatility?11:00 — Crude oil breakdown: grinding lower or supply shock ahead?13:30 — Goldman Sachs note: emergency oil reserves running out15:00 — UAE leaves OPEC — what happens to oil prices now?18:00 — Venezuela oil: the wildcard no one's talking about20:00 — Mag-7 ETF analysis (MAGS) — room to run?22:30 — IonQ vs Rigetti: which quantum computing stock?27:00 — Palo Alto (PANW) breakdown29:00 — Silver vs copper: the sulfuric acid connection32:00 — Tesla missed entry — Bobby explains the process35:00 — Unfiltered Investor newsletter trade of the week (Monster Beverage)39:00 — Spirit Airlines bankruptcy & airline deregulation

6 月，美伊战争进入新一轮谈判，和平似有一线希望。但与此同时，海湾地区一对曾经的兄弟国家——沙特与阿联酋——却似乎渐行渐远，这一切究竟是怎么发生的？ 4 月 28 日，阿联酋宣布退出由沙特主导的 OPEC（欧佩克），这场看似突然的分手，背后却是一场 50 余年的关系演变：他们曾以小弟与大哥的姿态相处，曾在战场上并肩出兵，但近十年来，经济上的竞争、外交上的分歧、甚至军事上的正面对抗，已经让这对盟友走到了完全不同的方向上。 这一期节目，我们从两国的国情背景说起，聊聊阿联酋与沙特是如何在过去的 50 多年中一步步走近，又一步步分道扬镳，以及这种国与国间的博弈对未来的世界可能又意味着什么。 本期人物 徐涛，声动活泼联合创始人 赛德，「声东击西」后期制作人 可宣，「声东击西」监制 主要话题 [01:10] 阿联酋与沙特，一个先富裕起来的大国和一个后起直追的务实小国 [13:56] 从霍梅尼到阿拉伯之春：共同的危机如何让两个国家走到了一起 [17:23] 两个穆罕默德，一段「导师与学徒」式的同盟 [27:12] 也门战场：共同出兵，各有算盘 [33:12] 当学生开始追赶老师：Vision 2030 与沙特的转型野心 [44:28] 分裂的朋友圈：两个国家如何寻找各自的新盟友 [52:54] 当中东开始重新洗牌：阿联酋退出欧佩克的那一天 延伸阅读 Mohammed bin Zayed's Dark Vision of the Middle East's Future 加入我们 声动活泼团队目前正在招聘内容监制、商业运营经理、商业发展经理和部分实习生，如果你也对播客行业的内容制作和商务运营感兴趣，欢迎投递！ 到详情点击招聘入口：加入声动活泼（在招职位速览） 给声东击西投稿 声东击西正在密切关注中东战局及其带来的影响，所以如果你所在的行业或公司，正在受到霍尔木兹海峡封锁的影响，欢迎向我们投稿，你的声音对我们非常重要。 投稿入口 你也可以直接通过邮箱直接联系节目组：kexuan@shengfm.cn 「Knock Knock 世界」 科技发达的今天，严重的山西煤矿事故为什么还会发生？https://sourl.co/74gY8M 在「Knock Knock 世界」里，听到全球新鲜事，还能成为「全球观察员」，报选题、参加选题会。2026 年的节目正在持续更新。 幕后制作 监制：可宣 后期：赛德 运营：George 设计：饭团 实习生：Jean 商务合作 声动活泼商业化小队，点击链接可直达商务会客厅（商务会客厅链接：https://sourl.cn/QDhnEc ），也可发送邮件至 business@shengfm.cn 联系我们。 关于声动活泼 「用声音碰撞世界」，声动活泼致力于为人们提供源源不断的思考养料。 我们还有这些播客：不止金钱、跳进兔子洞第三季、声东击西、声动早咖啡、What's Next｜科技早知道、反潮流俱乐部、泡腾 VC、商业WHY酱 欢迎在即刻、微博等社交媒体上与我们互动，搜索 声动活泼 即可找到我们。 也欢迎你写邮件和我们联系，邮箱地址是：ting@sheng.fm 获取更多和声动活泼有关的讯息，你也可以扫码添加声小音，在节目之外和我们保持联系！ Special Guest: 赛德.

If you've filled up your gas tank lately, you already know something big is happening in energy markets — and it doesn't look like it's going away anytime soon. The ongoing conflict in the Middle East has shut down roughly 14% of the world's oil supply through the Strait of Hormuz, sending oil and gas prices on a roller coaster ride that has the Federal Reserve worried about inflation, analysts predicting $3+ gas prices through the end of the decade, and even major OPEC members quietly making moves to protect their own interests. For mineral and royalty owners, higher oil prices are a double edged sword.  While it can mean stronger royalty checks in the short term, higher gas prices and the trickle down effect into higher prices for just about everything can offset those gains.  In this month's news episode, Justin and I break down what's actually happening, cut through the noise, and talk through what it all means for you as a mineral owner. As always, links to the articles discussed can be found in the show notes at mineralrightspodcast.com.

──────────────────────────────────────── [00:02:30] Two Courts Block Trump's $1.776 Billion Slush Fund — 35 Retired Federal Judges Say It's Collusion and a Fraud on the Court The statute of limitations had expired; Trump never submitted a settlement; DOJ never defended any IRS claims — 35 judges say no genuine adversarial controversy existed. ──────────────────────────────────────── [00:18:00] Todd Blanche Added a Secret Paragraph Giving the Trump Family Immunity From IRS Claims — Saving Them $100 Million or More The addendum bars the US from asserting claims against the Trump family — added by the attorney general who also works for the man he gave immunity to. ──────────────────────────────────────── [00:31:00] Georgia Tech Aerospace Professor: Interstellar Travel Is Physically Impossible — the Engineering Requirements Contradict Each Other At 10% of light speed, hydrogen atoms hit like .22-caliber bullets; fusion fuel must be 150 times the ship's mass; adding shielding makes the weight equation unsolvable. ──────────────────────────────────────── [00:42:00] The CIA Named Their Remote Viewing Program 'Stargate' — the Same Name Trump Used for His mRNA and AI Initiative on Day One Reason documents the Soviet/CIA paranormal arms race from 1924 Bolshevik seances through the Stanford parapsychology project — all classified, all occultic. ──────────────────────────────────────── [00:55:00] Oregon Initiative Would Ban All Hunting, Fishing, and Livestock Slaughter — Animal Breeding Redefined as Sexual Assault The measure has 120,000 signatures, more than the required 117,000; farmers would be offered job retraining while Oregon imports all meat from other states. ──────────────────────────────────────── [01:08:00] Washington State Plans Speed-Limiting Devices on Cars — 10 Miles Over the Limit in a 40 mph Zone Qualifies as Dangerous Knight: drunk semi-truck drivers can buy their way off the safety database through fake rehab programs while drivers who go 10 mph over get their car electronically throttled. ──────────────────────────────────────── [01:18:00] A Waymo Ran From the Police at Terrifying Speed Through a Construction Zone — Passengers Said 'We're Going to Die' The car veered off the highway and accelerated with sirens behind it; an operator in India came on the line and offered the traumatized couple $40 in free future rides. ──────────────────────────────────────── [01:28:00] Section 224 of the NDAA Would Merge US and Israeli Military Data, AI, Cyber, Autonomous Systems, and Biotech Responsible Statecraft: the provision creates deeper integration with Israel than the US has with any NATO partner, moving arms transfers into classified channels beyond public oversight. ──────────────────────────────────────── [01:38:00] Jonathan Pollard on Camera: Israel Parked a Nuclear-Armed Plane at Tel Nof and Told the US to Look — the Airlift Started the Next Day Pollard: Israel allegedly threatened nuclear weapons in 1973 to force the arms airlift; the OPEC embargo against only the US followed as payback. ──────────────────────────────────────── [01:52:00] 35 States Require Certifying You Don't Support a Boycott of Israel to Get a Government Contract or Hurricane Relief Glenn Greenwald: 35–36 states have enacted anti-boycott laws; hurricane disaster aid was conditioned on signing one; HHS research grants under RFK Jr. carried the same requirement. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

──────────────────────────────────────── [00:02:30] Two Courts Block Trump's $1.776 Billion Slush Fund — 35 Retired Federal Judges Say It's Collusion and a Fraud on the Court The statute of limitations had expired; Trump never submitted a settlement; DOJ never defended any IRS claims — 35 judges say no genuine adversarial controversy existed. ──────────────────────────────────────── [00:18:00] Todd Blanche Added a Secret Paragraph Giving the Trump Family Immunity From IRS Claims — Saving Them $100 Million or More The addendum bars the US from asserting claims against the Trump family — added by the attorney general who also works for the man he gave immunity to. ──────────────────────────────────────── [00:31:00] Georgia Tech Aerospace Professor: Interstellar Travel Is Physically Impossible — the Engineering Requirements Contradict Each Other At 10% of light speed, hydrogen atoms hit like .22-caliber bullets; fusion fuel must be 150 times the ship's mass; adding shielding makes the weight equation unsolvable. ──────────────────────────────────────── [00:42:00] The CIA Named Their Remote Viewing Program 'Stargate' — the Same Name Trump Used for His mRNA and AI Initiative on Day One Reason documents the Soviet/CIA paranormal arms race from 1924 Bolshevik seances through the Stanford parapsychology project — all classified, all occultic. ──────────────────────────────────────── [00:55:00] Oregon Initiative Would Ban All Hunting, Fishing, and Livestock Slaughter — Animal Breeding Redefined as Sexual Assault The measure has 120,000 signatures, more than the required 117,000; farmers would be offered job retraining while Oregon imports all meat from other states. ──────────────────────────────────────── [01:08:00] Washington State Plans Speed-Limiting Devices on Cars — 10 Miles Over the Limit in a 40 mph Zone Qualifies as Dangerous Knight: drunk semi-truck drivers can buy their way off the safety database through fake rehab programs while drivers who go 10 mph over get their car electronically throttled. ──────────────────────────────────────── [01:18:00] A Waymo Ran From the Police at Terrifying Speed Through a Construction Zone — Passengers Said 'We're Going to Die' The car veered off the highway and accelerated with sirens behind it; an operator in India came on the line and offered the traumatized couple $40 in free future rides. ──────────────────────────────────────── [01:28:00] Section 224 of the NDAA Would Merge US and Israeli Military Data, AI, Cyber, Autonomous Systems, and Biotech Responsible Statecraft: the provision creates deeper integration with Israel than the US has with any NATO partner, moving arms transfers into classified channels beyond public oversight. ──────────────────────────────────────── [01:38:00] Jonathan Pollard on Camera: Israel Parked a Nuclear-Armed Plane at Tel Nof and Told the US to Look — the Airlift Started the Next Day Pollard: Israel allegedly threatened nuclear weapons in 1973 to force the arms airlift; the OPEC embargo against only the US followed as payback. ──────────────────────────────────────── [01:52:00] 35 States Require Certifying You Don't Support a Boycott of Israel to Get a Government Contract or Hurricane Relief Glenn Greenwald: 35–36 states have enacted anti-boycott laws; hurricane disaster aid was conditioned on signing one; HHS research grants under RFK Jr. carried the same requirement. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

It may have taken a back seat among recent news headlines, but there has been a big shakeup within OPEC. Confluence Advisory Director of Market Strategy Bill O'Grady joins Phil Adler to discuss what this may mean for investors.

The National Security Hour with LTC Sargis Sangari – When American crude moves through a canal to refuel Asia, the balance shifts. When the United Arab Emirates leaves OPEC, that cartel loses its grip. When Russia sells trapped barrels on open markets, prices climb, and sanctions yield strange beneficiaries. Control of routes decides who can project strength. The Strait of Hormuz matters...

The National Security Hour with LTC Sargis Sangari – When American crude moves through a canal to refuel Asia, the balance shifts. When the United Arab Emirates leaves OPEC, that cartel loses its grip. When Russia sells trapped barrels on open markets, prices climb, and sanctions yield strange beneficiaries. Control of routes decides who can project strength. The Strait of Hormuz matters...

Find us at www.crisisinvesting.com Matt and Doug take subscriber questions for Crisis Investing while reacting to current events: a reported new $250 bill featuring Trump (and claims about a "gold note"), Trump imagery in passports, and the impact on Americans abroad. They discuss a raid on a CIA supervisor found with 303 kilos of gold, $20 million in cash, and luxury watches, raising concerns about CIA controls and corruption. The conversation turns to the Iran conflict and the Strait of Hormuz, arguing U.S. actions have repeatedly tightened shipping despite talk of wanting the strait open, with tolling, sanctions, and 1,500–1,700 ships reportedly stuck. They answer questions on inflation, Polymarket vs investing, how oil pricing works, what could invalidate their worldview, AI/robotics investing (favoring China/robots), OPEC weakening, skepticism on SpaceX/OpenAI/Anthropic IPOs, oil stocks and dividends, and preferred older vehicles to avoid surveillance tech. 00:00 Subscriber Q&A Setup 00:25 Trump 250 Dollar Bill 03:36 Passports and Global Backlash 05:15 Venezuela 51st State Post 07:00 CIA Gold Hoard Scandal 12:28 Iran War Fog and Losses 13:56 Hormuz Strait Toll and Sanctions 22:40 Energy Prices in Uruguay Argentina 25:38 Inflation Deficit and Collapse Risks 26:51 Betting Versus Investing 27:04 Polymarket And Market Corruption 29:03 Oil Futures Versus Physical 31:24 When The Worldview Breaks 38:12 AI Robots Real Edge 41:52 OPEC Control And Breakup 43:37 SpaceX IPO Bubble Bells 45:55 Why Own Oil Stocks 48:14 Cars Surveillance And Sweet Spot 51:09 Wrap Up And Next Week

George Papazov from TRADEPRO Academy joins Kyle for a wide-ranging conversation about trading, decision-making, market uncertainty, and the changes happening inside TradePro.George shares what's new at TradePro Academy, including the move away from Discord, the launch of a cleaner community platform on Circle, and a simplified one-price membership structure. He also talks about how the trading education space has changed, why traders often overload themselves with too much information, and why simplifying your process can make decision-making easier.Kyle and George also dig into order flow, the current market environment, the challenge of trading around geopolitical headlines, the role of AI in trading workflows, and the weird reality of trying to make decisions when every trade has an unknown outcome.And because it's George, the conversation also includes OnlyFans jokes, Florida iguanas, hockey, housing, Murphy's Law, and why saying “please” to AI might be a future-proofing strategy.Subscribe, share and join the trading conversations on Facebook, Twitter, LinkedIn and Discord!Chapters:00:00 — Cold Open & Introduction: Raining Iguanas02:01 — What's New at TRADEPRO Academy09:08 — Simplifying Trading & Avoiding Decision Fatigue15:22 — Trading Scars, Stops & Disqualifying Bad Trades20:05 — How George Trades Today: Portfolio Approach & Day Trading21:23 — Using Order Flow in a Headline-Driven Market25:04 — Bonds, Fed Policy, Housing & the Move to Florida33:52 — Florida Life and the Iguana Rain Story37:31 — AI in Trading, Automation & the Future of Intelligence45:28 — Where to Find TRADEPRO Academy & Closing ThoughtsSponsors and FriendsOur podcast is sponsored by Sue Maki at Fairway Independent Mortgage (MLS# 206048). Licensed in 38 states, if you need anything mortgage-related, reach out to her at SMaki@fairwaymc.com or give her a call at (520) 977-7904. Tell her 2 Bulls sent you to get the best rates available!If you are interested in signing up with TRADEPRO Academy, you can use our affiliate link here. We receive compensation for any purchases made when using this link, so it's a great way to support the show and learn at the same time! **Use code CHINASHOP15 to save 15%**To contact us, you can email us directly at bandoftraderspodcast@gmail.comCheck out our directory for other amazing interviews we've done in the past!If you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!George Papazov:George founded TradePro Academy in 2012 to inspire educate and empower at-home traders and investors. A self-made millionaire and entrepreneur, Papazov's self-published book Path to Profit: A Trader's Journal reached Amazon bestseller lists. With seven years of work for a major international bank, he is now an industry leader in trading currencies, stocks, options and futures. Papazov provides a daily Morning Market video update on YouTube, covering topics from OPEC and interest rates to stock updates and breaking market news. His popular video training tutorials include the TradingView Tutorial and How to Use Fibonacci Retracements.Follow George on TwitterFollow TRADEPRO on TwitterTRADEPRO YouTubeAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Kira Shishkin is the CEO and founder of Informed.now — a news-by-SMS service that sends you one text per day covering what actually changed the world in the last 24 hours. No ads. No bias. No storytelling. Just primary sources, direct quotes, and a link so you can read the original yourself. Kira grew up in Ukraine, came of age in Israel, and built this company after watching both countries get torn apart by information warfare. He knows what happens when people can't trust what they're reading — and he built something to fix it. We got into: why American news is designed to exhaust and trigger you; how Informed.now sources directly from government agencies; why they link to the actual PDF instead of a story about the PDF; what today's top stories were (OPEC output increases, China blocking US sanctions on Iran oil traders, Vietnam getting flagged for IP theft); how real humans — not bots — answer your follow-up texts; and why the only way to keep news unbiased is to make the reader the client, not the advertiser. Try it → informed.now TIMESTAMPS: 0:00 — Intro — who is Kira Shishkin and what is Informed.now? 1:45 — Why reading the news in America has become exhausting 3:10 — How it works: one SMS per day, primary sources only 5:20 — Why they link directly to the source — and why no one else does 7:30 — The UN, the White House, and healthy skepticism of primary sources 10:15 — Facts vs. storytelling — why Informed.now doesn't tell you what to think 13:40 — How they decide what makes the cut: the significance filter 16:55 — Today's top stories live: OPEC output, China-Iran oil, Vietnam IP 20:10 — The two-way SMS — real humans, not chatbots 24:30 — Lou suggests FOIA requests — Kira puts it on the roadmap 27:15 — What to do when there are no primary sources (war reporting) 30:40 — Growing up in Ukraine and Israel — information warfare up close 34:20 — AI-generated war images, radicalization, and the social media echo chamber 37:50 — Kira's background: think tanks, TurboTax, private equity, crypto 41:10 — The business model: reader-funded, no ads, no investors, profitable 44:00 — Outro and where to find Informed.now Watch full episodes on YouTube → https://www.youtube.com/watch?v=J4Vb53s4I0A&list=PLb5trMQQvT077-L1roE0iZyAgT4dD4EtJ Listen on Apple Podcasts → https://podcasts.apple.com/us/podcast/the-lou-perez-podcast/id1535032081 Listen on Spotify → https://open.spotify.com/show/2KAtC7eFS3NHWMZp2UgMVU  Lou's book — That Joke Isn't Funny Anymore: https://amzn.to/3VhFa1r  TheLouPerez.com |  info@thelouperez.com  Newsletter: https://substack.com/@louperez #MediaBias #UnbiasedNews #InformedNow #KiraShishkin #NewsLiteracy #FakeNews #MediaCriticism #LouPerezPodcast #LionsOfLiberty Learn more about your ad choices. Visit megaphone.fm/adchoices

The UAE left her, but she's still holding on... Come talk to us about the exciting world of

──────────────────────────────────────── [00:02:33] CRS Report: 42 US Aircraft Lost in Iran — Hegseth Refused to Provide Data, So Congress Built the List From News Reports The CRS compiled the list from news reports: 4 F-15Es, 1 F-35, 2 A-10s, 7 KC-135 tankers, 24 MQ-9 Reapers. Knight: if you're winning, you don't hide this information. ──────────────────────────────────────── [00:08:39] UN: The World Has Six Months to Avert a Major Food Crisis — Hormuz Closure Is a Systemic Shock, Not a Disruption The UN food agency says Hormuz is a systemic shock to global food prices. Knight: the 1973 OPEC embargo was 15% of US supply — this is 20% of the entire world's oil. ──────────────────────────────────────── [00:18:52] Lindsey Graham Calls for Bombing Iran's Civilian Energy Infrastructure to 'Hurt Them More' Graham said he would give up both houses of Congress for it — Knight: he asks South Carolina parents to send their sons and daughters to the Middle East, knowing he won't be among the Marines who land in Iran. ──────────────────────────────────────── [00:29:36] Knight: We Are Playing the Role of the Nazis — Attacking Countries That Did Not Attack Us for Israeli Living Space Graham invokes Churchill; Knight invokes Lebensraum. We are attacking a country that did not attack us, backing a state that bases its existence on the concept of a master race. ──────────────────────────────────────── [00:32:05] The School Strike Was a Double-Tap Tomahawk — First Missile to Flush Survivors, Second to Kill Them Scott Ritter identified it as a Tomahawk from day one. A loitering drone photographed the reaction, a second missile was sent when survivors emerged. A girls' gym was hit two hours later killing 21. ──────────────────────────────────────── [00:37:39] Tony Arderman: The Monetary System Since 1971 Is an Experiment Built on Trust — and the Trust Is Gone Arderman: everything since 1971 has been based entirely on trust, and trust is evaporating. The thunder from the Iran war hasn't reached us yet — the full economic shock is still coming. ──────────────────────────────────────── [01:24:28] Trump's Bunker Ballroom: Leaders Who Have Somewhere to Hide Think Differently About Starting Wars Knight: a leader with a bunker is more cavalier about foreign adventurism and dismisses rising prices as peanuts — gone from decadent extravagance to open preparation for domestic conflict. ──────────────────────────────────────── [01:48:59] Senate Republicans Won't Fund the Ballroom Bunker — Trump Says He'll Build the 250-Foot Arch Without Congressional Approval Senate Republicans refused to fund the bunker. Trump declared he will build it anyway using the same emergency framework he uses to bypass Congress on wars and tariffs. ──────────────────────────────────────── [01:52:41] Trump's $1.776 Billion Anti-Weaponization Fund Reports Only to Him — He Picks the Administrators and Can Fire Them at Will The fund gives Trump $1.776 billion, run by administrators he selects and can remove without cause, reporting only to him. Knight: the J-6ers will get none of it. ──────────────────────────────────────── [01:57:02] Trump Sued the IRS Then Settled With Himself to Get Billions — Even Soros Never Did That Trump filed a $10 billion lawsuit against the IRS, then dropped it for the anti-weaponization fund — on both sides of the table. Knight: even Soros never paid himself this way. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

──────────────────────────────────────── [00:02:33] CRS Report: 42 US Aircraft Lost in Iran — Hegseth Refused to Provide Data, So Congress Built the List From News Reports The CRS compiled the list from news reports: 4 F-15Es, 1 F-35, 2 A-10s, 7 KC-135 tankers, 24 MQ-9 Reapers. Knight: if you're winning, you don't hide this information. ──────────────────────────────────────── [00:08:39] UN: The World Has Six Months to Avert a Major Food Crisis — Hormuz Closure Is a Systemic Shock, Not a Disruption The UN food agency says Hormuz is a systemic shock to global food prices. Knight: the 1973 OPEC embargo was 15% of US supply — this is 20% of the entire world's oil. ──────────────────────────────────────── [00:18:52] Lindsey Graham Calls for Bombing Iran's Civilian Energy Infrastructure to 'Hurt Them More' Graham said he would give up both houses of Congress for it — Knight: he asks South Carolina parents to send their sons and daughters to the Middle East, knowing he won't be among the Marines who land in Iran. ──────────────────────────────────────── [00:29:36] Knight: We Are Playing the Role of the Nazis — Attacking Countries That Did Not Attack Us for Israeli Living Space Graham invokes Churchill; Knight invokes Lebensraum. We are attacking a country that did not attack us, backing a state that bases its existence on the concept of a master race. ──────────────────────────────────────── [00:32:05] The School Strike Was a Double-Tap Tomahawk — First Missile to Flush Survivors, Second to Kill Them Scott Ritter identified it as a Tomahawk from day one. A loitering drone photographed the reaction, a second missile was sent when survivors emerged. A girls' gym was hit two hours later killing 21. ──────────────────────────────────────── [00:37:39] Tony Arderman: The Monetary System Since 1971 Is an Experiment Built on Trust — and the Trust Is Gone Arderman: everything since 1971 has been based entirely on trust, and trust is evaporating. The thunder from the Iran war hasn't reached us yet — the full economic shock is still coming. ──────────────────────────────────────── [01:24:28] Trump's Bunker Ballroom: Leaders Who Have Somewhere to Hide Think Differently About Starting Wars Knight: a leader with a bunker is more cavalier about foreign adventurism and dismisses rising prices as peanuts — gone from decadent extravagance to open preparation for domestic conflict. ──────────────────────────────────────── [01:48:59] Senate Republicans Won't Fund the Ballroom Bunker — Trump Says He'll Build the 250-Foot Arch Without Congressional Approval Senate Republicans refused to fund the bunker. Trump declared he will build it anyway using the same emergency framework he uses to bypass Congress on wars and tariffs. ──────────────────────────────────────── [01:52:41] Trump's $1.776 Billion Anti-Weaponization Fund Reports Only to Him — He Picks the Administrators and Can Fire Them at Will The fund gives Trump $1.776 billion, run by administrators he selects and can remove without cause, reporting only to him. Knight: the J-6ers will get none of it. ──────────────────────────────────────── [01:57:02] Trump Sued the IRS Then Settled With Himself to Get Billions — Even Soros Never Did That Trump filed a $10 billion lawsuit against the IRS, then dropped it for the anti-weaponization fund — on both sides of the table. Knight: even Soros never paid himself this way. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

──────────────────────────────────────── [00:02:10] Massey Lost — Turnout Rose 356% While Massey's Votes Rose Only 19%; Knight: I Don't Believe the Results Massey led until Hegseth visited and everything flipped. His votes rose 19% but overall turnout rose 356%. Knight: are we supposed to believe boomers who never voted before all showed up for Galerine? ──────────────────────────────────────── [00:08:22] The Most Expensive House Primary in US History Cost $32 Million — Reagan Won the Presidency for $58 Million The Massey/Galerine primary cost $32 million for one House seat. Knight: Ronald Reagan defeated an incumbent president in 1980 for $58 million. That's how far the corruption has risen. ──────────────────────────────────────── [00:17:34] Massey's Last Speech: 'Hegseth Was Here Yesterday — and You Stopped the War for a Day' Massey told his final rally crowd: Hegseth came here to campaign against me, and you stopped the war for a day. Knight: that's the clearest summary of what this race was actually about. ──────────────────────────────────────── [00:25:14] Marjorie Taylor Greene: Only Four Republicans Signed the Epstein Petition — Trump Came After Each of Them Greene: Trump told Johnson to block the Epstein vote. Johnson shut Congress early and refused to seat a new member whose vote would have mattered. Knight: if that isn't a confession, nothing is. ──────────────────────────────────────── [00:38:42] Jonathan Pollard Boasted on Camera That Israel Threatened Nuclear Weapons to Force the 1973 US Arms Airlift Pollard: Israel parked a plane with 'unconventional weapons' at Tel Nof and told the US to look — the airlift started the next day. The OPEC embargo followed as payback. ──────────────────────────────────────── [01:24:37] Trump Is the Swampiest Swamp Creature Ever — Mona Charen Documents the $1.776 Billion Slush Fund Charen: Trump set up a $1.776 billion slush fund, arranged that the Trump family will never be IRS-audited, and makes daily trades using insider knowledge through a family trust — not a blind one. ──────────────────────────────────────── [01:32:47] Transparency International Dropped the US From 16th to 64th in Corruption Rankings Since 2015 The US ranked 16th on Transparency International's index in 2015 — now 64th and falling. Celente: this is fascism — the merger of state and corporate power. ──────────────────────────────────────── [01:44:01] The Iran Crisis Traces Back to 1953 — Churchill Telegraphed Roosevelt to Overthrow Iran's Government for Oil Celente: our history with Iran goes back 73 years. Declassified Churchill-Roosevelt telegrams confirm the CIA overthrow of Mosaddegh was about BP and Exxon's oil — not democracy. ──────────────────────────────────────── [01:48:34] IEA: Iran War Turned an Oil Glut Into a Deficit — Gas From $2.91 to $4.55 Since the War Started The IEA reports reserves dwindling at a record pace. Gas was $2.91 the day before the Iran war; now $4.55 nationally, diesel up 60%. Turkey and Russia are selling gold to cover their losses. ──────────────────────────────────────── [01:55:39] Trump Said 'Peace Deal,' 'Hit Much Harder,' and 'Major Attack Tomorrow' — All on the Same Day Celente: Monday Trump told Axios Iran would be hit harder, told the Post they know what's coming, said at the White House they're preparing 'a very major attack tomorrow' — then announced a ceasefire. Minute by minute. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Today’s headlines, as do most stories that the world deems important, remind us that we are just passing through this life. Whether it’s aliens, mass immigration and movements of populations of people, the economy or whatever we are all told is important, we as believers have to remember it’s all temporary.  A considerable amount of what occupies the headlines are mere “roadside attractions”. Now, when we talk about Israel and point to their redemption drawing nigh, that is something worth taking note of and we do regularly. Those are Mile Markers, things that show us how late the hour is. And truly we are just passing through – that’s also important as a mindset. And with the anniversary of the opening of Route 66 and how it transported so many Americans to “see the USA in your Chevrolet”, we’re thinking the only change of address we desire is our heavenly home. We talk about OPEC and why it is integral to the Middle East and will be for some time. We talk about the temple and the youth who want it rebuilt in their lifetimes; also about mass immigration and how it’s designed to erase the West and the Judeo-Christian worldview. A full hour on today’s edition of SUFTT.

*** ⁠⁠DONATE to Thomas's fundraising campaign!⁠⁠ *** *** ⁠⁠WATCH Thomas's documentary film!⁠⁠ *** Aimen is back with a huge amount of behind-the-scenes information on what's been happening in the Middle East in the past three weeks—especially on the real reasons the UAE withdrew from OPEC, and what's been going on inside Donald Trump's head as he tries to chart a course to victory in the Iran War. Aimen and Thomas discuss: The recent discovery of HUGE shale oil reserves in the UAE The Mar-a-Lago deal the UAE struck with Trump Why the recent OPEC shake-up had NOTHING to do with Saudi Arabia The truth about UAE and Saudi attacks on Iran Did the UAE, Saudi, and Qatar really beg Trump not to resume the war? How Iran's military capability remains STRONGER than people think The corruption behind Pakistan's mediation efforts in the Iran War The benefits and liability of Trump as a War Leader Join the Conflicted Community here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://conflicted.supportingcast.fm/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Find us on X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/MHconflicted⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ And Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.facebook.com/MHconflicted⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ And Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/conflictedpod⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Conflicted is a Message Heard production. Executive Producers: Jake Warren & Max Warren. Produced and edited by Thomas Small. Learn more about your ad choices. Visit podcastchoices.com/adchoices

──────────────────────────────────────── [00:02:10] Massey Lost — Turnout Rose 356% While Massey's Votes Rose Only 19%; Knight: I Don't Believe the Results Massey led until Hegseth visited and everything flipped. His votes rose 19% but overall turnout rose 356%. Knight: are we supposed to believe boomers who never voted before all showed up for Galerine? ──────────────────────────────────────── [00:08:22] The Most Expensive House Primary in US History Cost $32 Million — Reagan Won the Presidency for $58 Million The Massey/Galerine primary cost $32 million for one House seat. Knight: Ronald Reagan defeated an incumbent president in 1980 for $58 million. That's how far the corruption has risen. ──────────────────────────────────────── [00:17:34] Massey's Last Speech: 'Hegseth Was Here Yesterday — and You Stopped the War for a Day' Massey told his final rally crowd: Hegseth came here to campaign against me, and you stopped the war for a day. Knight: that's the clearest summary of what this race was actually about. ──────────────────────────────────────── [00:25:14] Marjorie Taylor Greene: Only Four Republicans Signed the Epstein Petition — Trump Came After Each of Them Greene: Trump told Johnson to block the Epstein vote. Johnson shut Congress early and refused to seat a new member whose vote would have mattered. Knight: if that isn't a confession, nothing is. ──────────────────────────────────────── [00:38:42] Jonathan Pollard Boasted on Camera That Israel Threatened Nuclear Weapons to Force the 1973 US Arms Airlift Pollard: Israel parked a plane with 'unconventional weapons' at Tel Nof and told the US to look — the airlift started the next day. The OPEC embargo followed as payback. ──────────────────────────────────────── [01:24:37] Trump Is the Swampiest Swamp Creature Ever — Mona Charen Documents the $1.776 Billion Slush Fund Charen: Trump set up a $1.776 billion slush fund, arranged that the Trump family will never be IRS-audited, and makes daily trades using insider knowledge through a family trust — not a blind one. ──────────────────────────────────────── [01:32:47] Transparency International Dropped the US From 16th to 64th in Corruption Rankings Since 2015 The US ranked 16th on Transparency International's index in 2015 — now 64th and falling. Celente: this is fascism — the merger of state and corporate power. ──────────────────────────────────────── [01:44:01] The Iran Crisis Traces Back to 1953 — Churchill Telegraphed Roosevelt to Overthrow Iran's Government for Oil Celente: our history with Iran goes back 73 years. Declassified Churchill-Roosevelt telegrams confirm the CIA overthrow of Mosaddegh was about BP and Exxon's oil — not democracy. ──────────────────────────────────────── [01:48:34] IEA: Iran War Turned an Oil Glut Into a Deficit — Gas From $2.91 to $4.55 Since the War Started The IEA reports reserves dwindling at a record pace. Gas was $2.91 the day before the Iran war; now $4.55 nationally, diesel up 60%. Turkey and Russia are selling gold to cover their losses. ──────────────────────────────────────── [01:55:39] Trump Said 'Peace Deal,' 'Hit Much Harder,' and 'Major Attack Tomorrow' — All on the Same Day Celente: Monday Trump told Axios Iran would be hit harder, told the Post they know what's coming, said at the White House they're preparing 'a very major attack tomorrow' — then announced a ceasefire. Minute by minute. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Recently, a listener wrote in with a question about OPEC and oil prices. She was prepping for a camping trip… thinking about how much it costs to fill up her diesel-guzzling camper van at the pump. “It would be so awesome if you guys could do an episode explaining OPEC to us,” she emailed us. She wanted to know: why does OPEC exist? Why does it limit the supply of oil? And now that the United Arab Emirates has dropped out, what will happen to gas prices?  We love when our listeners write in (and send us voice notes!). The simplest questions can reveal how the complicated web of the economy works.On our latest: we answer our listener's questions… and the questions behind those questions! Related episodes:• Chevron, Venezuela and the Paradox of Plenty  Book info. / Subscribe to Planet Money+Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Facebook / Instagram / TikTok / Our weekly Newsletter.This episode of Planet Money was produced by James Sneed with help from Willa Rubin. It was edited by Marianne McCune, fact-checked by Sierra Juarez, and engineered by Robert Rodriguez. Alex Goldmark is our executive producer. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

The Supreme Court handed down two major rulings on redistricting and pregnancy center donor rolls, Elon Musk and Sam Altman face off in court, and oil markets recalibrate after the United Arab Emirates pulls out of OPEC. Reporting by Megan Basham. Plus, we speak to Erin Hawley, Andrew Marantz & E.J. Antoni. Get the facts first with Morning Wire.- - -Ep. 2762- - -Wake up with new Morning Wire merch: https://bit.ly/4lIubt3- - -Today's Sponsors:Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.Goldbelly - Go to https://goldbelly.com and get 20% off your first order + free shipping with promo code WIRE.Comcast - Learn more about how Comcast is investing in a more connected America at https://ComcastCorporation.com/investment- - -Privacy Policy: https://www.dailywire.com/privacymorning wire,morning wire podcast,the morning wire podcast,Georgia Howe,John Bickley,daily wire podcast,podcast,news podcast Learn more about your ad choices. Visit podcastchoices.com/adchoices