The latest onshoring trend, spurred by President Donald Trump’s tariffs on Chinese imports, has led to a major announcement from Apple. The company has embraced “Make America Great Again” with plans to hire 20,000 US workers to manufacture high-tech AI servers in the Heartland and invest hundreds of billions of dollars in new factories. 

Bloomberg reports Apple plans to unleash a tsunami of investments in the US, upwards of $500 billion over the next four years, including a new AI server manufacturing plant in Houston, Texas, and a supplier academy in Michigan. 

This disclosure comes just days after President Trump announced that Apple CEO Tim Cook plans to relocate manufacturing operations from Mexico to the US. 

“He’s investing hundreds of billions of dollars,” Trump said after his meeting with Cook at the end of last week, adding that the executive is ramping up US investments because he wants to avoid tariffs. 

Earlier this month, Trump imposed a 10% US levy on Chinese imports, where Apple manufactures most of its iPhones, iPads, Macs, and other products. In a tit-for-tat effort, Beijing announced retaliatory tariffs on US goods shortly after. 

Apple’s $500 billion investment and promise to add 20,000 new US jobs over Trump’s second term is more evidence that corporate America is more willing to participate in onshoring efforts this time. 

Trump responded on Truth Social to the good news: 

APPLE HAS JUST ANNOUNCED A RECORD 500 BILLION DOLLAR INVESTMENT IN THE UNITED STATES OF AMERICA. THE REASON, FAITH IN WHAT WE ARE DOING, WITHOUT WITCH, THEY WOULD’NT BE INVESTING TEN CENTS. THANK YOU TIM COOK AND APPLE!!! 

CEO Cook released a statement: 

“We are bullish on the future of American innovation, and we’re proud to build on our long-standing US investments with this $500 billion commitment to our country’s future. We’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.”

Apple has already increased its reliance on domestic production by partnering with Taiwan Semiconductor Manufacturing. The chipmaker is building factories in Arizona to produce semiconductors, including ones for the iPad and iWatch. 

For context, Cook met with the president at the Mar-a-Lago Club in Palm Beach, Florida, shortly after the November election and attended his inauguration in Washington last month. 

Notably, Trump’s initial trade war, which started during his first term, sparked discussions among corporate America about “onshoring” trends during earnings calls.

Trump’s tariff war—now driving a revival of domestic manufacturing after more than half a century of deindustrialization—could very well be the inflection point that shifts the nation out of decades of crises and into a new so-called “turning” of success, lifting the middle class into an era of sustained prosperity.

Authored by Charles Hugh Smith via OfTwoMinds blog,

When Benoit Mandelbrot’s book The (Mis)behavior of Markets was published in 2004, it was a revelation for many of us. I remember sitting in my car in a parking lot, unwilling to tear myself away from reading it.

Here’s the super-short summary: from time to time markets crash for no visible reason. The internal dynamics of market structures are fractal, and one feature of this structure is that markets break down unpredictably. After the fact, we seek an external trigger–a Federal Reserve “policy error,” inflation fears, etc.–but these post-mortem explanations gloss over the cause, which is the inherent instability of market structures.

Markets can trundle along for years appearing to be stable and controllable. Any spot of bother can be corrected with a reduction in interest rates or quantitative easing. Everything is known and controllable.

But this control is illusory. Out of the blue, markets stop behaving. They misbehave, and possibly quite badly.

Nature offers many examples. The seas are relatively calm, and suddenly an enormous rogue wave appears.

At that point, the condition of the ship matters. A sound craft will survive the rogue wave, the leaky, rotten hulk won’t.

Human hubris also matters. If the passengers and crew of the hulk have been persuaded by each other’s happy talk that the ship is rock-solid, then its breaking apart will come as a nasty shock.

In the current zeitgeist, the consensus is the mighty ship of the stock market is a superliner. No matter how big the rogue wave, the ship will handle it easily.

But what if the consensus is wrong, and we’re all passengers on a rotting hulk gussied up with new paint? What if the consensus isn’t based on the soundness of the hull, but on the self-reinforcing happy-talk around the dessert cart and bar?

The consensus is convinced the ship is unsinkable, and so the guaranteed path to profit is to “buy the dip” after the rogue wave has passed. This guarantee is not actually causal; it’s recency bias, as “buy the dip” has worked like magic for 15 years.

Nobody’s interested in leaving the first class casino to get in a lifeboat when guaranteed profits beckon. The question is: how sound is the hull? Who’s actually checking, and who’s just parroting happy-talk? Can we even tell the difference?

In a euphoric speculative bubble, the answer is “no.” In a speculative bubble, “buy the dip” is all you need to know to win big, and continue winning big. So who cares about rogue waves and rotten hulls?

I often refer to this chart of the dot-com bubble because this happened not in some pre-technology era but in the technology-obsessed present. I attended Comdex in Las Vegas in the peak euphoria, and attendees were busy trading stocks online amidst the crowd. Every bubble is forever until it is no more.

Notice the numerous sharp spikes higher as the crowd “bought the dip.” The initial crash was bought with all four feet, which was followed by a secondary crash to a new low, which was immediately bought, generating a euphoric spike that signaled “all clear, buy buy buy!” until it too rolled over. This was followed by one last manic “buy the dip” which resulted in a double-top. Once that petered out, a multi-year stair-step down began. The index eventually bottomed after losing about 80% of its peak valuation.

Markets misbehave, sometimes when we least expect it. How badly they misbehave depends on the soundness of the hull and the level of self-reinforcing hubris.

The Department of Government Efficiency’s Elon Musk wrote on X early Monday that starting this week, federal workers who fail to return to the office will be placed on administrative leave. 

“Those who ignored President Trump’s executive order to return to work have now received over a month’s warning,” Musk wrote, adding, “Starting this week, those who still fail to return to office will be placed on administrative leave.” 

Musk is referring to the “Return To In-Person Work“ executive order Trump signed on day one of his second term, which states: 

“Heads of all departments and agencies in the executive branch of Government shall, as soon as practicable, take all necessary steps to terminate remote work arrangements and require employees to return to work in-person at their respective duty stations on a full-time basis, provided that the department and agency heads shall make exemptions they deem necessary.” 

Musk quoted a post by Ralph Norman, US Representative for South Carolina’s 5th Congressional District, who posted a video of his latest interview on Fox News, describing the direct insubordination of some federal workers still refusing to return to the office

Those who ignored President Trump’s executive order to return to work have now received over a month’s warning.

Starting this week, those who still fail to return to office will be placed on administrative leave. https://t.co/7XRj6W21eX

— Elon Musk (@elonmusk) February 24, 2025

On Saturday, Musk wrote on X that federal workers received an email “requesting to understand what they got done last week,” adding, “Failure to respond will be taken as a resignation.” The deadline is Monday. 

Consistent with President @realDonaldTrump’s instructions, all federal employees will shortly receive an email requesting to understand what they got done last week.

Failure to respond will be taken as a resignation.

— Elon Musk (@elonmusk) February 22, 2025

By late Sunday, there was pushback on the ‘accomplishments’ email from several federal agencies, including the Pentagon, FBI, State Department, and various parts of the Intelligence Community… 

FBI, DoD, State Dept. Push Back On Musk’s Monday Deadline For ‘Accomplishments’ Email https://t.co/tlEeEzfAlI

— zerohedge (@zerohedge) February 23, 2025

An insider at the Social Security Administration’s headquarters in Woodlawn, Maryland, said Monday will be chaotic as employees rush into the office, given the limited availability of parking spaces.

The Department of Government Efficiency’s latest move appears to create harsh working conditions that will make federal workers more inclined to quit voluntarily. As the old saying goes: “Welcome to Serbia.”

Though their name advertises a principal purpose, Health Savings Accounts can also be used to strengthen your retirement planning — thanks to their unique tax benefits and flexible withdrawal rules. Unlike other tax-favored accounts, HSAs offer the potential for a uniquely beneficial double-whammy: tax-free contributions and tax-free withdrawals — provided those withdrawals are used for health expenses. 

During your working years, withdrawals that aren’t used for health expenses are generally subject to ordinary income tax, plus a whopping 20% penalty tax. However, once you hit age 65, the penalty disappears, which means you can use the money for whatever you like and simply pay ordinary income tax.

Of course, health expenses figure heavily in most people’s retirement spending projections, which means you’ll likely have ample opportunity to make tax-free HSA withdrawals after you retire. That’s especially true when you consider that long-term care costs and Medicare Part B, Part D and Medicare Advantage premiums are among the many expenses that qualify for tax-free treatment. 

To contribute to an HSA, you must be enrolled in a high-deductible health plan. In 2025, that means a deductible of at least $1,650 for self-only coverage or $3,300 for family coverage. The plan must limit total out-of-pocket expenses to $8,300 for self-only or $16,000 for family coverage.  

For the 2024 tax year, you can contribute up to $4,150 if you’re single, or $8,300 if you have family coverage. For 2025, the limits are $4,300 and $8,550, respectively. If you’re 55 or older, you can contribute an additional $1,000. Like IRAs, the deadline for contributing to an HSA for the 2024 tax year is April 15. 

You can invest your HSA money in a variety of ways, from cash and money market accounts to mutual funds. If you expect to withdraw your money soon, you may not want to expose it to market volatility. However, if you’re funding an HSA with the intention of not tapping it until years later, you might take a more aggressive stance. The choice of an HSA custodian is an important one, with maintenance fees, investment options and interest rates varying widely. 

You can roll over an existing HSA to a different custodian without tax consequences. Even if you don’t want to invest your HSA in mutual funds, a rollover could still deliver a substantial boost to your returns, as some bank custodians are only paying 0.20% on HSA cash. A rollover to Fidelity’s HSA would let you use the Fidelity Government Money Market Fund, which has a 4.00% 7-day yield. 

Unlike traditional IRAs and 401k’s, HSA’s don’t have required minimum distributions. As for estate planning, spouses who are named as beneficiaries can inherit HSAs and treat them as if they were their own. In one disadvantage relative to IRAs, non-spouse beneficiaries have to immediately cash out the account and pay income tax on the balance — they don’t get to spread the withdrawals over 10 years.  

Americans had 38 million HSA accounts with $137 billion in assets as of mid-year 2024. Kentucky Sen. Rand Paul — an ophthalmologist who’s demonstrated a keen interest in lowering the cost of US health care — wants to pump those numbers up by killing the HSA eligibility requirements. In November, Paul introduced the Health Savings Accounts for All Act, which would let every American contribute to an HSA, regardless of insurance coverage or income. It would also increase HSA contribution limits, making them equal to the 401k limits — $23,500, with catch-up contributions for those over 50.

GameStop Corp. announced last week it will divest its Canadian and French operations, citing political correctness in both regions as part of a broader review of its international assets.

CEO Ryan Cohen criticized the “sociopolitical climates” of both countries and took to Twitter (“X”) to invite buyers, adding: “High taxes, Liberalism, Socialism, Progressivism, Wokeness and DEI included at no additional cost if you buy today!”

GameStop’s decision to exit Canada and France aligns with CEO Ryan Cohen’s strategy to streamline operations, cut costs, and boost long-term profitability. Since taking over in 2023, Cohen has focused on downsizing the company’s physical store presence, acknowledging the decline of physical game sales, much like the fate of VHS retailers such as Blockbuster, according to Western Standard.

Before the announcement, GameStop operated 203 stores in Canada and 647 across Europe.

The company’s financial performance remains under scrutiny. In its third quarter, it reported a $17.4 million net income, reversing a prior-year loss, but sales fell to $860.3 million, reflecting ongoing retail challenges.

Cohen’s remarks also echo a growing sentiment among business leaders who see progressive policies and DEI initiatives as harmful to corporate efficiency and shareholder value.

The Western Standard report says that Canada accounted for about 5% of GameStop’s revenue ($46.3 million), while Europe contributed around 20% ($173 million). The company has not disclosed the potential value of these operations or its asking price.

GameStop gained notoriety in early 2021 during the meme stock frenzy, when Reddit-driven retail investors sent its stock soaring past $500 per share, at one point doubling within 90 minutes.

By John Kemp, energy analyst and founder of JKempEnergy

Spot market gas prices around the world have doubled over the last twelve months as reported inventories in all the major consuming regions have fallen to multi-year lows, signalling the refill season will be much tougher in 2025.

Sharply higher prices will encourage electricity generators to switch to alternative fuels and force energy-intensive industries in Europe and price-sensitive utilities in South and Southeast Asia to cut use wherever possible.

Combined inventories across the European Union, the United Kingdom, Ukraine and the United States are 400 terawatt-hours (1,446 billion cubic feet or 32 million tonnes of LNG) lower than they were a year ago:

• EU and UK inventories were 266 TWh (961 bcf or 21 million tonnes) below prior-year levels on February 19.[1]  
• Ukraine’s inventories were 28 TWh (103 bcf or 2 million tonnes) below year-ago levels on the same date.[2]
• U.S. inventories were 106 TWh (386 bcf or 8 million tonnes) below prior-year levels on February 14.[3]

Japan’s inventories were also 6 TWh (22 bcf or 0.5 million tonnes) below prior-year levels at the end of October, the most recent data available, and have likely remained below year-ago levels since then.[4]

Since the second quarter of 2024, consumption has grown faster than production as a result of record gas-fired generation and lower drilling in the United States, a colder winter in North America and Northwest Europe, and sanctions on Russia.

As a result, surplus gas inventories carried over from a mild winter in North America and Northwest Europe in 2023/24 have been entirely used up over the course of winter 2024/25.

But the rapid emptying of storage has become unsustainable and prices have climbed steeply to rein in consumption and encourage more drilling to conserve the remaining stocks.

Front-month futures prices have doubled over the last year in North America and Northwest Europe and are up by 75% in Northeast Asia compared with the same point in 2024.

The biggest increases have come in near-dated futures contracts to conserve the remaining stocks as much as possible and curb consumption over the summer of 2025 to enable stocks to be rebuilt ahead of winter 2025/26.

With the United States, the European Union, Ukraine and Japan all needing to rebuild inventories faster-than-average over the summer of 2025 there will be fierce competition for gas over the eight months to October.

Energy-intensive industrial users in Europe and price-sensitive buyers in South and Southeast Asia are likely to be priced out, as they were during the first summer after Russia’s invasion of Ukraine in 2022.

In the event of a persistent summer heatwave over North America, Northwest Europe, Northeast or South and Southeast Asia driving higher-than-normal airconditioning loads, the scramble for gas could become intense.

Anticipating tight supplies and a tough refill season, portfolio investors have alreadyamassed exceptionally large bullish positions in futures and options based on gas prices in both North America and Northwest Europe.

In North America, hedge funds and other money managers have accumulated a net long position equivalent to 2,975 billion cubic feet, the highest for more than three years and in the 91st percentile for all weeks since 2010.

In Northwest Europe, investment funds had amassed a near-record bullish net long position equivalent to 292 TWh by the first week of February, before selling 34 TWh to realise some profits in the second week of the month.

Fund buying has anticipated, accelerated and amplified market tightness and price rises this summer, enforcing an early adjustment by encouraging fuel switching in favour of coal and fuel oil and compelling more industrial closures.

Europe’s policymakers, facing another year of painfully high prices for households and industry, will be tempted to blame hedge funds and other speculators (as is always the case when prices escalate rapidly).

But the reality is that the global market will be much tighter this summer than it was in 2024 and 2023 and prices have to rise to restore balance by curbing consumption and encouraging a return to production growth in the United States.

[1] Aggregated Gas Storage Inventory (Gas Infrastructure Europe, February 21, 2025).
[2] Aggregated Gas Storage Inventory (Gas Infrastructure Europe, February 21, 2025).
[3] Weekly Natural Gas Storage Report (U.S. Energy Information Administration, February 20, 2025).
[4] Trend of Natural Gas and LNG Prices (Japan Organization for Metals and Energy Security, January 30, 2025).

Cocoa futures in New York tumbled to a two-and-a-half-month low last week as demand destruction concerns continue to flourish this month, overshadowing concerns about poor output in West Africa. 

Bloomberg reported Thursday that the top bean growers in the Ivory Coast had a very slow start to next season’s harvest, which begins in October. The slow start has been blamed on pricier hedges for traders, with prices hovering over $10,000 a ton for the last few months. Higher bean prices and increased volatility also forced the exchange to raise margin costs. 

Executives from Hershey and Mondelez warned last week that bean prices could move higher amid emerging signs of demand destruction for their sugary products.

Earlier this month, Piper Sandler analyst Michael Lavery asked Hershey CEO Michele Buck about the consumer environment for chocolate…

Buck responded that higher bean prices have “created some demand destruction in the market.”

Mondelez CFO Luca Zaramella recently said, “We are seeing signs, particularly in parts of the world like North America, where cocoa consumption is coming down.”

To close the week, demand destruction fears drove cocoa futures in New York down to $8,934 per ton, a two-and-a-half-month low. However, prices remain extraordinarily elevated compared to early 2023 levels.

Judy Ganes, president of New York-based J. Ganes Consulting, explained to Bloomberg that traders were operating under the assumption that chocolate demand would hold up through the holiday season into the first quarter. Yet she pointed out that does not appear to be the case.

Traders were wrestling between structural output challenges in the West African cocoa market while weighing news concerns over demand destruction. 

We wonder if Goldman’s commodity derivatives analyst Hugo Fuentes is still “go long cocoa” based on “structural supply deficits, under-hedged consumers, and historically low warehouse stocks.” 

What about Pierre Andurand, founder of Andurand Capital Management LLP? Is he still cocoa’s biggest bull?

Authored by Vijay Jayaraj via RealClearEnergy,

President Donald. J. Trump’s seismic shift in energy policy will be felt far beyond U.S. borders. His withdrawing from the Paris Agreement, expanding American oil and gas exports, terminating the Green New Deal and eliminating the prospect of carbon tariffs offers a lifeline todeveloping nations grappling with chronic energy poverty.

When the United States pivots sharply, other nations reassess their positions. Nowhere will a change in the dynamics of energy policy be more welcome than in developing nations whose imperative to increase access to energy conflicts with pressures to submit to Western climate lords’ anti-growth, anti-humanistic, and dystopian Paris climate agreement.

Many developing nations have long expressed frustration with the climate agenda’s constraints on their economic growth. India and China, for instance, have consistently maintained that they need flexibility to determine their own domestic energy mix, emphasizing that access toaffordable fossil fuels is crucial for lifting millions out of poverty.

Similarly, nations across Africa have argued that their development priorities must include utilizing their natural resources – including coal, oil and natural gas – to meet people’s basic needs. 

Take Nigeria, for example. With its significant natural gas reserves, the country has been caught between international pressure to limit the use of hydrocarbons and the urgent need to provide electricity to its growing population. International financial markets friendlier to fossil fuels could accelerate Nigeria’s plans to monetize its natural gas resources and expand domestic power generation.

As Yemi Osinbajo, a former Nigerian vice president, said, “Africans need more than just lights at home. We want abundant energy at scale so as to create industrial and commercial jobs. To participate fully in the global economy, we will need reliable, low-cost power.” 

Global Implications of U.S. Energy Expansion

One of the most notable effects of Trump’s energy policy is an anticipated surge in exports of liquefied natural gas (LNG) from the U.S., which is to resume processing permit applications for new LNG projects interrupted by former President Biden. 

For developing countries, this means reliable energy at competitive prices – a stark contrast to the intermittent power of solar and wind projects that have been favored by climate-compliant financial institutions.

Energy poverty remains a crippling obstacle in many parts of sub-Saharan Africa, South Asia and Latin America. According to the InternationalEnergy Agency (IEA), nearly 800 million people worldwide are without electricity, while 3 billion rely on smoky biomass for cooking. 

By moving to increase the global supply of LNG, Trump offers an avenue for these nations to transition toward cleaner-burning natural gas. Benefits will include less deforestation, less indoor air pollution and a chance for more economic growth.

India has already invested in LNG terminals in the U.S. and will be increasing imports as demand grows from its population of 1.4 billion. 

Moreover, an increased supply of LNG will stabilize global reserves and reduce the vulnerability of energy-importing nations to geopolitical disruptions. Energy abundance is a prerequisite for stability and prosperity – a reality that developing countries know all too well and the climate obsessed seemingly undervalue.

No Carbon Tariffs: A Boon for Developing Economies

While many pundits harp on Trump’s proposed tariffs on imports, they don’t recognize – or at least fail to acknowledge – that many in the developing world are likely to be happy that carbon tariffs of the climate agenda won’t be part of Trump’s tax regime. 

Carbon tariffs, a darling of the climate crowd on both sides of the Atlantic, are designed to penalize the producers – and users – of carbon-intensive goods. In practice, however, they act as a regressive tax on developing nations, many of which lack the financial and technological means to “decarbonize” their industries.

For countries like India, which Foreign Minister S. Jaishankar has argued must prioritize economic growth over rigid climate targets, the carbon tax-free future represents a much-needed reprieve. It levels the playing field, allowing developing economies to compete in global markets without bearing the disproportionate burden of forced emissions reductions. Yes, Trump has threatened other tariffs, but those can be resolved through diplomacy.

Fossil fuels still account for over 80% of the world’s primary energy consumption, with countries like China, India and Indonesia expanding their infrastructures to produce, import and use hydrocarbons despite pledges to meet impossible climate goals.

With Trump’s bold move, these nations will no longer feel the need to hide behind the veneer of climate appeasement. 

Trump’s rejection of climate orthodoxy matches the aspirations of developing nations striving to ensure energy security and overcome poverty. Expect these countries to be emboldened to more openly pursue their preferred energy strategies and leave the Paris agreement themselves.

Vijay Jayaraj is a Science and Research Associate at the CO2 Coalition, Fairfax, Virginia. He holds an M.S. in environmental sciences from the University of East Anglia, U.K., a postgraduate degree in energy management from Robert Gordon University U.K., and a bachelor’s in engineering from Anna University, India. 

On Sunday evening, President Donald Trump announced that former Secret Service agent and conservative talk show host Dan Bongino will become the new deputy director of the FBI – the agency that helped Obama and Hillary Clinton set Donald Trump us with the Russia Collusion hoax – which included leaks to the press, fabricating evidence, and die-hard deep state servants who vowed to destroy our president.

And now – Bongino and newly minted FBI Director Kash Patel are in charge…

Thank you Mr. President, Attorney General Bondi, and Director Patel. pic.twitter.com/bJqIDbWLEE

— Dan Bongino (@dbongino) February 24, 2025

…which is not sitting well with current and former agency officials – or deep state journalists like NBC‘s Ken Dilanian, who reports that the FBI Agents Association struck out against Bongino’s selection. 

Without naming Bongino directly, the Association lashed out over the fact that the Deputy Director has typically been an active Special Agent.

“The FBI Deputy Director should continue to be an on-board, active Special Agent—as has been the case for 117 years for many compelling reasons, including operational expertise and experience, as well as the trust of our Special Agent population,” reads a memo obtained by WNBC‘s Jonathan Dienst.

As the WSJ notes,

The announcement sent shock waves through the FBI, whose new director Kash Patel had offered Republican senators private assurances that he would name a special agent with bureau experience to be his deputy, rather than a political outsider. Patel was sworn in at the White House on Friday.

Leaders of the FBI Agents Association, who met with Patel in January, said the new director had agreed that the deputy should be a current special agent…

Ken Dilanian echoed this sentiment, complaining on X that Bongino “has never spent a day working at the FBI, but he has spent many hours spouting baseless falsehoods about the bureau.”

A few minutes before Trump made his announcement, my colleague @jonathan4ny obtained a memo from the FBI agents association which said in part:

“The FBI Deputy Director should continue to be an on-board, active Special Agent—as has been the case for 117 years for many compelling… https://t.co/vnc80obNYs

— Ken Dilanian (@KenDilanianNBC) February 24, 2025

In other words, the right people are freaking out right now.

Ken is still furious that Kash looks different than every other FBI Director.

The “traditionally” argument is a call for the elites to stay in charge. https://t.co/f7QlLDHyHq

— Richard Grenell (@RichardGrenell) February 24, 2025

Bongino is part of the Russiagate corner—he knows this stuff from our side of the fence. No classified briefings, no peeking under redactions—just the hard grind of piecing it all together. Now he’s a co-keeper of the holy grail and we’re about to see it all. It’s all coming out.

— Hans Mahncke (@HansMahncke) February 24, 2025

Oh man they are so f’d https://t.co/QXKqQL7QZQ pic.twitter.com/L01po49seI

— David Steinberg (@realDSteinberg) February 24, 2025

*  *  *

You can support ZeroHedge and longtime reader and patriot John O. by purchasing one of these amazing wooden flags that look great on any wall. Shipping included in the price to the lower 48.

Apocalyptic environmentalism by Maryland’s far-left Democratic leadership in Annapolis has plunged the state into a severe energy crisis, with power bills doubling in some cases and 20% of households in Central Maryland now behind on payments.

The worsening power crisis was detailed at length in a note last year titled Maryland “Can’t Import Itself Out Of Energy Crisis” Amid Urgent Need To Boost In-State Power Generation …

Maryland “Can’t Import Itself Out Of Energy Crisis” Amid Urgent Need To Boost In-State Power Generation https://t.co/koca85kmfY

— zerohedge (@zerohedge) July 13, 2024

The takeaway is that Maryland’s far-left leadership is more focused on apocalyptic environmentalism—inherently de-growth and pro-inflation in nature—while also prioritizing illegal aliens over their citizens. This represents a major violation of their oath of office, which requires them to uphold the general welfare of citizens.

Marylanders are quickly learning that local elections matter. Electing far-left activists into positions of power who have no business being in managerial roles has severe consequences, and the most immediate one is the pocketbook. 

This comes from the local media outlet WMAR:

1.3 million BGE electric customers in Central Maryland, just over half of them also paying for natural gas, and more than 264,000 of them are behind on their bills

Last August, Goldman Sachs warned clients about Maryland’s deteriorating power grid situation: “After a series of auction delays and relatively low clears (see chart below), PJM capacity prices appear to have finally caught up with the generative AI data center load growth story that has been central to parts of PJM.”

Goldman Says Mid-Atlantic Power Prices “Finally Caught Up To AI Data Center Load Growth Story” https://t.co/6BInBek7Zz

— zerohedge (@zerohedge) August 4, 2024

The headlines from local media outlets capture the power crisis of exploding power bills, which is not just figuratively crushing pocketbooks but also resulting in anger and disgust for Democrats who have failed the state. 

If you search “Maryland power bill” on Facebook, you’ll find many frustrated residents voicing their outrage …

“Energy Bills are ballooning out of control due to EXTREMIST ENVIROMENTAL MANDATES!” Republican Delegate Brian Chisholm wrote on Facebook. 

Resident Ronald Coster said: “The reason why our electricity bills are going so high,Maryland has to buy 40%of the power needed from surrounding states. Gov. Moore and the Democrat politicians will not allow new power plants.” 

Marylanders must discuss with their neighbors whether Annapolis lawmakers are incompetent or deliberately sabotaging the state by bankrupting their residents with toxic green inflationary policies.

A recent conversation with a major asset management firm in the region revealed that Maryland’s financial situation is so dire that they no longer recommend the state’s municipal bonds to their clients—and have even advised some clients to leave due to fears of out-of-control tax hikes.

On top of this all, Democrats and Gov. Wes Moore have placed the state in a death spiral with a budget crisis that has arrived and risks a “deep recession.” 

Maryland’s Death Spiral: Reckless Democratic Lawmakers Spark Budget Crisis Fears As “Deep Recession” Looms https://t.co/reReKpxTsN

— zerohedge (@zerohedge) November 28, 2024

All you need to know about Wes Moore. Agent of Soros?

Here’s all you need to know about why Maryland is FORCING wind energy, EV mandates, higher taxes, @VinSchiraldi and illegal immigrants on us: pic.twitter.com/roCOI7RIeb

— Wes Moore’s Bronze Star (@Patrick88297358) January 25, 2025

Maryland’s financial troubles were festering under the surface well before Trump. The state’s economy doesn’t produce much but relies heavily on government services. Now, with DOGE draining the swamp and hundreds of thousands of federal workers being laid off, a perfect storm of pain has unfolded.

“Government Recession Begins”: DC Active Home Listings Soar, Jobless Claims Spike As DOGE Drains Swamp https://t.co/1vP15sKxff

— zerohedge (@zerohedge) February 16, 2025

Maryland’s conservatives in the House of Delegates have jumped into action to protect residents while Democrats are still focusing on making sure ICE doesn’t arrest illegal alien criminals.

Can’t make this up. Maryland Democrats are focusing on condoms for kindergarteners rather than tackling the power crisis. 

Condoms for Kindergarteners — this is the priority of @mddems. Rather than supplying the grid with more power and lowering electric bills, or giving children stuck in failed schools a better option, Annapolis Democrats want to put condoms in kindergarten classrooms. Sad. pic.twitter.com/rpBog5jkgd

— Mark Fisher (@fisher4maryland) February 21, 2025

Marylanders are in for a period of pain—but that may be just enough to fuel grassroots efforts over the next election cycle or two to elect common-sense lawmakers who put “Maryland First.”