Authored by Duggan Flanakin via WattsUpWithThat.com,

It has been more than seven years since President Donald Trump signed the Nuclear Energy Innovation and Modernization Act (NEIMA) into law – and it has taken all seven years (including four during the Biden Administration) for the Nuclear Regulatory Commission to issue a final rule implementing its provisions.

Even the Washington Post admits that the new Part 53 rules, intended to reduce review times from decades to 18 months or less, will make President Trump’s goal of revitalizing the U.S. nuclear energy industry more competitive – “to everyone’s benefit,” says the Post.

The old NRC permitting review process was built around light-water-cooled reactors (like the Westinghouse AP1000) and included prescriptive safety requirements specific to those designs – not the advanced reactors of all sizes being planned and built today.

Many nuclear companies are designing reactors that use liquid metals (like molten salt) or gases as coolants, enabling them to operate at higher temperatures. These reactors are ultimately safer than the (still very safe) water-cooled reactors, as they rely on natural forces like gravity or convection rather than pumps and motors to automatically stop the reactor in case of an incident.

The NRC says its final rule responds to NEIMA by creating an alternative, technology-inclusive regulatory framework that can accommodate licensing of future commercial nuclear plants, including advanced reactor designs that may not employ light-water technology. The new rules will hopefully expedite permitting of small modular reactors, microreactors, and even full-size reactors already under development.

The NRC says its alternative requirements and implementing guidance incorporate technology-inclusive approaches and risk-informed and performance-based techniques to ensure an equivalent level of safety to that of operating commercial nuclear plants. Part 53 is designed to provide optionality and flexibility for licensing and regulating a variety of technologies and designs for commercial nuclear reactors.

Not everyone is convinced that an agency with a lifelong track record of thwarting nuclear reactor permits has fully reformed. Noting that the real timeframe for the Part 53 rules is decades (not just 7 years), nuclear energy advocate Steven Curtis says “It’s hard to imagine the NRC being objective enough to lessen the burden for licensing, even for safer SMRs. The NRC sees its mortality in simplifying their process, so what is their incentive?”

NANO Nuclear Energy CEO James Walker calls the new Part 53 rules “a bridge to fleet deployment,” in that it does not fully eliminate site-specific licensing, environmental review installation review, or lifecycle issues around refurbishment, refueling, decommissioning, and relocation,” all needed for the microreactor industry. The NRC is reportedly developing guidance and another round of rulemaking – suggesting that Part 53 is foundational, not final.

The proof of a reformed NRC, if indeed it is now eager to move permits forward, will soon be made evident. Previous Presidents waited in vain. Trump waited 7 years for Part 53 regulations; the real microreactor rules have yet to be formally proposed.

More evidence that the Trump Administration is serious about a nuclear energy revival comes from the National Reactor Innovation Center (NRIC), which announced last week that its Demonstration of Microreactor Experiments (DOME) test bed is now complete. This first-of-its-kind facility, located at Idaho National Laboratory (INL), will enable the rapid development, testing, and demonstration of privately developed advanced nuclear reactors.

The Department of Energy says DOME is an actual 100-foot-tall dome that is 80 feet in diameter – large enough to provide a safe environment to test experimental reactor concepts and gather performance data for use in informing future commercial licensing applications. Its completion dovetails with the new Part 53 NRC rules – as the U.S. seeks to accelerate the development and demonstration of advanced nuclear technologies.

Built from the repurposed Experimental Breeder Reactor-II containment structure, DOME will help reactor developers accelerate testing timelines – saving money and reducing project risk – and hopefully deployment timelines.

These microreactors are designed to be factory-built and portable, able to be placed in remote communities or to respond to natural disasters but perhaps primarily to serve independent microgrids (such as data centers), field-level military operations, and even space travel.

DOME is the only test bed in the world specifically designed to host fueled microreactor experiments that can generate up to 20 megawatts of thermal energy that can be used as heat or converted to electric power. [This is comparable in size to the reactors that have powered America’s nuclear submarines ever since the USS Nautilus was deployed in 1954.]

DOE Deputy Assistant Secretary for Nuclear Reactors Dr. Rian Bahran says the DOME is a vital component of reestablishing U.S. leadership in advance nuclear technologies – yet one wonders how many decades ago such a facility could have been built. Nuclear submarines can operate for 20 to 30 years without refueling, whereas conventional subs need refueling several times a year.

Better late than never – the DOME has already started a scheduled year-long test of Radiant Industries’ Kaleidos Demonstration Unit, a microreactor that uses TRISO fuel and is cooled by helium to produce 1 MW of electrical power or 3.5 MWt of thermal power. The U.S. Air Force is but one entity awaiting authorization for deploying Kaleidos. Other companies are queuing up to test their designs in DOME.

With the DOE envisioning nuclear megacities for such activities as uranium enrichment and fuel fabrication, at least four states have announced their willingness to serve as hosts even if managing high-level nuclear waste is part of the commitment.

Idaho and Tennessee have long-term experience in nuclear energy, while Utah and Nebraska are looking at the jobs and revenues to be gleaned from joining the nuclear community.

By contrast, Nevada has fought against managing nuclear waste and Texas and New Mexico have also objected to private interim nuclear waste storage (despite Texas’ push for nuclear energy development). 

Meanwhile, the U.S. continues its ban on reusing nuclear waste to power reactors designed to burn (and thus dramatically reduce the volume of) nuclear waste by 95% and dramatically lower the cost of nuclear energy generation while virtually eliminating the controversial issue of nuclear waste storage.

Of course, a major increase in the number of nuclear powerplants in the U.S. will necessitate a major increase in the supply of nuclear fuel – and there is good news on that front as well. Newly launched FluxPoint Energy announced it is developing what would be the first new uranium conversion facility in the U.S. in 70 years.

FluxPoint says its mission is to “establish a fully American, vertically integrated nuclear fuel capability – supporting energy independence, enabling advanced reactor development, and strengthening national security.” Development of the facility, which will convert uranium oxide (U3O8) into gaseous uranium hexafluoride (UF6) that can be enriched in fissile uranium-235 for use as nuclear fuel, is “well under way.”

For that matter, these and other developments – and a reinvigorated nuclear energy industry – are signs that the U.S. is “well under way” to restoring its faith in a future and a renaissance already signified by the highly successful and warmly received Artemis II mission to the moon, another area of American excellence that was put into mothballs for decades.

Duggan Flanakin is a senior policy analyst at the Committee For A Constructive Tomorrow who writes on a wide variety of public policy issues.

A long-held investment by Alphabet Inc. in SpaceX could become one of its most valuable bets if the rocket company moves ahead with a public listing, according to Bloomberg.

Regulatory filings indicate Google owned about 6.11% of SpaceX at the end of 2025. At a projected $2 trillion IPO valuation, that stake would be worth roughly $122 billion. After SpaceX’s merger with xAI, the holding is estimated to have diluted to around 5%, or about $100 billion at the same valuation.

The figures offer a clearer picture of Google’s position in SpaceX, which had previously been acknowledged without precise detail. Only Google and Elon Musk — who controls roughly 40% — were required to disclose holdings above 5%.

Bloomberg writes that SpaceX is targeting a potential June IPO and could raise as much as $75 billion, which would make it one of the largest listings ever. At that valuation, even a small fraction of ownership would translate into significant dollar value.

Early investors are positioned for outsized returns. Some analysts estimate that backers who entered as recently as 2021 could see gains of around 20 times their original investment.

Founded in 2002, SpaceX reached a $1 billion valuation within eight years, a relatively fast climb for a capital-intensive aerospace company.

Google first invested in 2015, joining Fidelity in a $1 billion funding round that valued SpaceX at $10 billion and gave the firms a combined 10% stake.

Ownership stakes have shifted over time due to dilution and secondary share sales. In 2020, Google held about 7.64% while Musk’s stake was around 47%. Early investor Founders Fund has since dropped below the 5% disclosure threshold.

Alphabet does not separately report its SpaceX holdings in earnings, though it has recorded sizable unrealized gains tied to private investments, including an $8 billion increase in early 2025 linked to SpaceX.

The IPO is expected to create significant liquidity for employees and insiders, potentially prompting departures as some cash out or pursue new ventures.

Board members and long-time investors also stand to benefit, underscoring the scale of wealth that could be generated by SpaceX’s anticipated debut.

Authored by Jackson Richman & Joseph Lord via The Epoch Times (emphasis ours),

Despite the midterm season underway, the lines of congressional maps have not been finalized as redistricting battles continue nationwide.

Since Texas’s opening salvo, lawmakers in both parties from Florida to California have pushed for partisan redistricting in their states as a high-stakes midterm election season approaches.

Here is the latest on states redrawing their congressional maps.

Virginia

The Democratic-led General Assembly passed in February a new U.S. House map that will only go into effect if voters approve a referendum to allow the state to do mid-decade redistricting.

The state Supreme Court has yet to rule whether the effort is valid, but said the vote on the constitutional amendment can proceed. Before the court is an appeal of a county judge’s ruling that the amendment is illegal because lawmakers violated their own rules while passing it.

Florida

Gov. Ron DeSantis has called a special legislative session to begin Monday on redrawing the state’s congressional map. Republicans haven’t yet publicized what the lines would look like. However, the state constitution states that redistricting cannot favor or disfavor a political party or incumbent.

Texas

The Lone Star State last year added five congressional districts that favor Republicans after Trump urged the state to redistrict and after the Department of Justice suggested that several districts in the state unconstitutionally grouped minorities to make a majority. The U.S. Supreme Court has upheld the new map.

California

Voters in November approved a referendum that circumvents an independent commission by adding five congressional districts that favor Democrats.

The U.S. Supreme Court denied an appeal from Republicans, who claimed that the map favors Hispanics. The high court said the map could be used in this year’s election.

Missouri

Republican Gov. Mike Kehoe signed a revised House district map into law last September, a move that could give Republicans an additional seat.

A county judge ruled that the new map will remain in effect while election officials review whether a referendum petition meets constitutional requirements and includes enough valid signatures for a statewide vote.

The Missouri Supreme Court has already dismissed a lawsuit arguing that mid-decade redistricting is unlawful. The court is set to hear arguments in May over claims that the new districts fail to meet compactness standards and should be paused pending a possible referendum.

Ohio

A bipartisan panel, largely made up of Republicans, voted in October to approve a revised House map that could boost the party’s chances of gaining two additional seats. The redraw was required under the state constitution ahead of the 2026 election after Republicans enacted the previous map without enough Democratic backing following the last census.

North Carolina

The Republican-controlled General Assembly gave final approval in October to revised district lines that could help the party gain an additional seat. In November, a federal court panel declined to block the new map from being used in the midterm elections.

Utah

A judge in November ordered new House district boundaries that could give Democrats an opportunity to pick up a seat. The court found that lawmakers had sidestepped voter-approved anti-gerrymandering rules when drawing the previous map. In February, both a federal court panel and the state Supreme Court rejected Republican challenges to the court-imposed districts.

Maryland

While Maryland Gov. Wes Moore, a Democrat, has pushed the state legislature to redistrict the state’s single Republican seat, the push has so far failed to gain steam.

On April 13, the state legislature’s session ended without the passage of a bill to redistrict Maryland’s congressional map despite Moore’s encouragement. The state House had passed the bill, but it stalled in the state Senate.

New York

Though New York Gov. Kathy Hochul had pushed for the state to redraw its congressional boundaries, any such change has been blocked by the U.S. Supreme Court.

In March, the Supreme Court overturned a lower court order that had called on the state legislature to redraw Rep. Nicole Malliotakis’s (R-N.Y.) 11th congressional district seat.

Indiana

The Indiana legislature failed to pass redistricting legislation. The measure failed in December 2025 after 21 state Senate Republicans joined all 10 Democrats in the chamber to defeat the measure in a 31–19 vote.

It means the previous maps will remain in place for the upcoming elections.

Kansas

Though some Republicans in the GOP-dominated Kansas state legislature had pushed for the state to redraw its single Democrat-held seat, the push failed in late 2025 due to opposition from Gov. Laura Kelly.

Kelly vowed to veto any mid-decade map.

Illinois

While Illinois Gov. JB Pritzker indicated that the state was musing on redrawing maps to further favor Democrats, no push to that end has gained momentum. This year, Illinois is expected to use the same congressional maps it did in 2024.

A Bay Area dumpster company decided to skip collections and go straight to… lawn delivery.

Express Rental Dumpster said a San Pablo customer rented a bin while moving out, but the payment situation was, generously, fictional. The owner, Martin Perez, said the card kept getting declined while the customer kept promising “later”, according to Fox News.

So instead of eating the cost, the driver showed up and made a statement. Ring camera footage shows him briefly talking to someone off-screen, cracking open the truck so some trash spills out, then backing up and dumping the entire load onto the front lawn. 

At one point, someone from inside the house comes out and starts yelling, though it didn’t reverse the sudden landscaping change.

Perez told KTVU he’d already lost money on the job and would’ve had to pay extra dumping fees himself—apparently a line he wasn’t interested in crossing.

Police eventually showed up and told the driver to at least move debris off the sidewalk and back onto the property. A neighbor, meanwhile, claimed the homeowner insisted they had paid about $700, which only makes the whole situation murkier.

But thank God for America’s growing homeless population…because in the end, the trash pile was picked through by scavengers and later cleaned up with help from a neighbor—because nothing says neighborhood bonding like surprise garbage mountain.

Authored by Jonathan Turley via jonathanturley.org,

Various Democrats have been openly discussing their plans after retaking power to change the system so they never lose power again. Democratic strategist James Carville has been one of the most vocal and returned to the subject this week in laying out how they will make D.C. and Puerto Rico states and pack the Supreme Court with a liberal majority.

On his podcast with Al Hunt, Carville explained, “If the Democrats win the presidency and both houses of Congress, I think on day one, they should make Puerto Rico [and] D.C. a state, and they should expand the Supreme Court to 13. F— it. Eat our dust.”

Notably, this week, New Jersey just elected a radical new member, Analilia Mejia, who ran on packing the Court and other radical agenda items. While some of us have written about the expansion of the Court, these politicians and pundits are pushing for the packing, not just gradual expanding, of the Court.

However, Carville (curiously on a national podcast) seriously suggested that Democrats should keep the plan quiet: “Don’t run on it. Don’t talk about it. Just do it.”

Call it the Nike School of Constitutional Law.

The need of the left to pack the Supreme Court is obvious. Many of the proposals coming from the left are clearly unconstitutional. You will need a partisan majority to make the political changes that these figures hope will give the Democrats a lock on power for years to come.

Years ago, Harvard professor Michael Klarman laid out a radical agenda to change the system to guarantee Republicans “will never win another election.” However, he warned that “the Supreme Court could strike down everything I just described.” Therefore, the court must be packed in advance to allow these changes to occur.

Likewise, Carville previously explained how this process of how the pack-to-power plan would work:

“I’m going to tell you what’s going to happen. A Democrat is going to be elected in 2028. You know that. I know that. The Democratic president is going to announce a special transition advisory committee on the reform of the Supreme Court. They’re going to recommend that the number of Supreme Court justices go from nine to 13. That’s going to happen, people.”

The push for court packing and war chests on the left remains unchanged despite conservatives on the Court ruling against the Administration on major cases. Carville and others cannot claim that the conservative justices are robotically voting with the Administration, but it does not matter. They want a Court that will consistently uphold the changes being planned by Democratic strategists.

The fact that these changes would come after the 250th anniversary of the most successful democratic system in history is a crushing irony. However, it is notable that the Democrats want Congress and the courts to push through these changes, not the public. The public remains opposed to court packing and making D.C. a state. That is why Carville wants candidates to keep quiet on the plan and run, like Virginia’s Abigail Spanberger, as faux moderates. Then, as in Virginia, they can move to fundamentally change districts and rules to guarantee their hold on power.

It is a mentality summed up by NEA President Becky Pringle:

The question is whether rage politics can convince a people to destroy the very democratic system that has brought centuries of stability and prosperity.

Authored by James Howard Kunstler,

Showdown

“Everything that’s wrong is staring us right in the face, and half this country simply will not join us in fighting and fixing it. It’s infuriating and depressing and maddening.”

– James Woods on X

The closer this Iran war comes to a favorable resolution, the more garishly negative the puling Lefty-left gets, wishing fervently for the enemy to prevail. Why? Because the Lefty-left is also an enemy of our country. They want the operation to fail so they can reclaim power and resume wrecking and looting the USA.

By the way, what exactly would a favorable outcome of this war look like?

An Iran that doesn’t threaten nuclear jihad and doesn’t sponsor endless terror operations here, there, and everywhere. It looks like we are going to get to that. Iran’s choice is how deep do they want to take their own economic collapse before capitulating? If they’ll just stop now, they’ll still keep the lights on. They can be a normal, modern, developed nation without a death wish.

Anyway, the paradigm Iran was operating in as a rogue state is dead, especially the malign influence of Britain’s banking and MI6 intel matrix. Britain, proven by its actions to be not a friend of America. . . Britain, a wretched little has-been island empire with bad teeth, overrun by wrathful Islamists, and, alas, soon to be a caliphate.

President Donald Trump has rearranged the geopolitical landscape with startling speed and efficacy. Much of Europe, it turns out, are not our friends, either. They would not let us use the NATO bases we pay for to conduct air operations over Iran. Hence, NATO is four dead letters. They can go dangle while they figure out how to live without oil, possibly go back to their centuries-long condition as a nonstop slaughterhouse, besetting each other with stupid, age-old feuds. Not our problem anymore.

China?

Their Belt-and-Road isn’t what it was just six months ago. Mr. Trump has kicked them out of South America. Their oil supply is suddenly sketchy. Notice, they didn’t lend a hand helping to clear the Strait of Hormuz. Turned out that the radars and air defenses they gifted Iran didn’t work too well. Uncle Xi Pooh Bear will have to re-think situation.

Mr. Trump says he might travel to Pakistan this weekend if there are papers to sign with Iran.

Israel and Lebanon announced a ten-day truce to sort out where things stand. Both of them want Hezbollah expelled for good. Anyway, Hezbollah can no longer enjoy financial support from Iran, meaning no more munitions or salaries for Hezbollah warriors, meaning Hezbollah is out of business — a major regional irritant neutralized. Can you dare to imagine a peaceable Middle East?

So, things have changed-up greatly in this long-volatile corner of the world, and that will leave Mr. Trump freer to attend to the discord and animus at home, namely the psychopathic Democratic Party’s non-stop demolition of political norms, with assistance from the bureaucratic Deep State and the NGO underworld.

Just at hand this week, we have Director of National Intelligence Tulsi Gabbard sending criminal referrals to the DOJ on two key players (both liars) in Trump Impeachment No. 1: former Intel Inspector General Michael Atkinson and CIA agent “whistleblower” Eric Ciaramella — whose name the news media still fears to speak.

That impeachment, over the so-called “Ukraine phone call,” was from start to finish a complete fake, a criminal conspiracy. It involves a much larger cast-of-characters including then House Intel Committee Chair (now senator) Adam Schiff, then Secretary of State Mike Pompeo, CIA Director Gina Haspel, Chief Justice John Roberts, and virtually the whole Kiev US embassy staff at the time. Everybody involved was lying about one thing or another. The case is on Acting AG Todd Blanche’s desk now. Do you suppose it can just sit there?

It’s rumored that in the weeks ahead, Mr. Trump is fixing to conduct a declassification orgy of evidence unearthed by DNI Gabbard in the serial seditions run by US color revolutionists over the past decade. The presidential declass will obviate the usual tedious process of extracting declass permissions from every agency silo with a stake in the documents — meaning the evidence will go straight to US attorneys, including Jason Reding Quiñones, the United States Attorney for the Southern District of Florida, now running a grand jury out of Fort Pierce on the RussiaGate hoax.

Many of the players in that treasonous episode were involved in subsequent crimes against the nation: the 2020 election fraud; the Jan. 6 fed-provoked “insurrection” at the US Capitol; the fake House committee set up to pretend to investigate it; the Mar-a-Lago Raid; the multiple Trump prosecutions of 2024, the censorship campaign; and the manifold perfidious turpitudes of the “Joe Biden” administration, including the massive invasion of illegal immigrants.

It’s all going to come out now in one overwhelming puke-stream channeled into actual prosecutions. Only question is: will the massive revelation of truth prompt the millions of successfully brainwashed Americans to finally get their minds right over what has been perpetrated on our country?

Authored by Matt Margolis via PJMedia,com,

The midterm elections are coming up in November, and Democrats are generally favored to win the House, while the Senate is kind of a coin flip. While it would suck for Democrats to win the House because they’ll almost certainly find some bogus pretext to impeach President Donald Trump, there’s potentially more at stake regarding control of the Senate, including implications for confirming judges and potentially filling any potential Supreme Court vacancies.

No retirements have been announced, but speculation is mounting, and I’m starting to wonder if Trump knows vacancies are coming.

In a recent interview with Fox Business’ Maria Bartiromo, Trump confirmed he has a shortlist of potential nominees ready to go — and he’s prepared to fill as many as three seats if the opportunity arises.

“In theory, it’s two — you just read the statistics — it could be two, could be three, could be one,” Trump said.

“I don’t know. I’m prepared to do it. But when you mention Alito, he is a great justice.”

He added, “He does what’s right for the country. It’s the law, and he goes by it as much as anybody, but he gets to the point.”

High praise from a president who has been, let’s say, less enthusiastic about some of his own past nominees.

According to Fox News Digital, “Trump’s remarks sharpen the stakes around any potential vacancy, as the president has signaled he is ready to seize the opportunity to deepen the court’s conservative majority. With retirement speculation around Alito and Republicans eyeing the window before the 2026 midterms, the prospect of an opening is already putting fresh focus on succession politics.” 

Rumors about Alito, 76, potentially retiring have grown because of his age, his two-decade tenure on the bench and speculation that he may want to make sure a conservative successor is confirmed by the current Republican-led Senate, especially before the upcoming midterm elections in which Republicans are at risk of losing or seeing a diminished majority.

The rumors were further fueled when it was revealed Alito was treated last month for dehydration after becoming ill at a Federalist Society dinner. A Supreme Court spokesperson clarified at the time that the justice was “thoroughly checked” and returned to the bench the following Monday.

A source close to Alito insists he is not stepping down this term and is in the process of hiring the rest of his clerks for the next term. So at least for now, it sounds like he’s not going anywhere.

Yet, Trump is ready with a shortlist of replacements? Is that a tell that he knows something we don’t?

It could be. Or it’s just being prepared.

After watching some of his own nominees drift from his expectations on high-profile rulings, you can be certain he’ll be far more deliberate this time around. Whatever seats open up, expect Trump to treat the selection process with a level of scrutiny he may not have applied before.

The bigger picture here is worth appreciating.

No president since Ronald Reagan has reshaped the Supreme Court the way Trump has. His first three appointments — Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett — built the current 6-3 conservative majority. Trump may have an opportunity to secure a conservative majority for decades to come.

The question is, does he know that he will?

Mother Nature across the Mid-Atlantic can only be described by the Katy Perry lyric, “You’re hot, then you’re cold,” as a meteorologist warns that a “tropospheric polar vortex” will sweep across the Lower 48 this weekend into early next week, abruptly ending the summer-like conditions in Washington, D.C.

“A bulging lobe of the tropospheric ‘polar vortex’ will be tracking through the Lower 48, bringing a cold front and much cooler air to the Eastern U.S.,” meteorologist Ryan Maue wrote on X.

He added, “We’ll wave goodbye to the nearly unprecedented mid-April heat wave.”

A bulging lobe of the tropospheric “polar vortex” will be tracking through the Lower 48 bringing a cold front and much cooler air to the Eastern U.S.

We’ll wave goodbye to the nearly unprecedented mid-April heat wave. pic.twitter.com/gcgSX0Xwzo

— Ryan Maue (@RyanMaue) April 17, 2026

Folks in the Capitol Beltway will see a 40°F swing in high temperatures from yesterday’s 93°F to Monday’s 52°F, according to Bloomberg data.

Wild swing for DC high temps plus the forecast.

Average temperatures in Washington at this time of year typically run in the mid-50°Fs. Yet, like the Katy Perry lyric above, Mother Nature still cannot seem to settle on a steady rising temperature trend with Northern Hemisphere spring underway.

Related:

• Meteorologists Warn About Super El Nino Event

• Drought Engulfs 60% Of U.S. As Farmers Begin Spring Planting

Lefty MSM outlets would have us all believe that this schizophrenic weather is somehow because of cow farts and gasoline-powered cars and gas stoves, and we must be taxed to death to solve Al Gore’s global warming.

Authored by Tom Luongo via Gold, Goats, ‘n Guns blog,

This is the only chart that matters right now…not borrowing costs (@lukegromen).

It’s the weekly chart of Brent Crude.

I’ve been telling my patrons for three weeks in the Market Reports that the Brent Crude chart has all the earmarks of a market being manipulated UP to support a narrative…

That narrative is Donald Trump is a madman who broke the world and is losing in Iran.

Look at the chart carefully, you see big gaps between weekly closes and opens. Also, note the tails to the downside versus the wicks to the upside. Tails are much longer than wicks…. telltale signs of a market that has topped but someone is trying to keep reflating it.

Why? Many reasons, from speculations, positions, narrative control, etc. Markets are the sum total of all of these players.

But the reality is that you can only manipulate a market over a short period of time (H/T@armstrongeconomics) unless you control the total pricing system for that market… i.e. central banks and currencies…. and why the gold and silver markets have been manipulated for years.

Oil is a market of immense volatility, with 5-year moving average of its Range/Price topping 7% on a weekly basis, which is in bitcoin territory. It should be the most boring market on the planet, since everyone depends on it. But it isn’t.

It trades like a penny stock on a double espresso. (H/T Dennis Miller).

Someone profits from that volatility. Someone works with others to create that volatility. All Roads don’t lead to DeMoines, FYI.

Oil volatility is the enemy of certainty. It retards investment in some cases and redirects it to other less viable investments in others… c.f. Wind, solar, LED lights, and all this Watermelon (Green on the outside, Commie Red on the inside) nonsense.

If we want a world of predictability, which is the essential purpose of Human Action (H/T Mises, something most Miseseans have forgotten), then we have to accept that sometimes we have to defend our right to a predictable future.

And no amount of asking for it nicely is going to get us there. We were never voting our way out of this.

That’s why I’ve been in full-throated favor of this conflict with Iran. It’s why I allowed myself to see the world differently than I did previously.

The Federal Reserve is just a tool. It can (and has) been a tool for evil, but it can also be a tool for good, like all technology. This is why SOFR was the beginning of this war, and why this morning’s announcement by Iran is end of the current battle in it. It should still be deprecated in importance, removed from duties it was never designed nor been allowed to perform.

The same can be said for the US military, which has been a tool used to enforce the “tyranny of evil men” (H/T Roger Avery & Quentin Tarantino, Pulp Fiction) on Wall St., Bay Street, K Street, and 10 Downing Street. But, like the Fed, it can be used judiciously, to serve humanity with the right set of circumstances and the right mission.

It did so.

We’ve been blackmailed by evil people for generations to accept this lack of investment certainty to indulge our cynicism, or lack of faith in humanity.

We chuckled in “Collapsitarian” for too many years. And I, frankly, just got sick of it.

It’s pathetic and evil and we shouldn’t tolerate it in them or ourselves for another gods-damned minute. Period. It’s anathema to human life, common decency, and civilization itself.

This is the truth. And it all goes back to the intersection of selling narrative while hitting desperate people where they live and breathe… in their pocketbooks.

In the end, oil prices want to fall because the fundamentals are bearish (H/T @DoombergT). There is no Peak Oil. There is no Green New Deal.

There is only Zul…. okay, maybe not Zul. *grin*

This chart is your literal snapshot of a pricing control system being destroyed in real time… by one guy, Donald J. Trump, with support from his Treasury Sec. Scott Bessent, Sec. War Pete Hegseth and his merry band of warfighters, and his Sec. of State Marco Rubio.

He has both exposed and stolen London’s control over oil flows to support its centuries-old evil by the studious application of Gold (dollars), Goats (American Industrial Might) ‘n Guns (Brrrrrt!).

Stew all you want, haters. But, he’s done it. The Hormuz Blackmail is done.

Trump has his hand on the global oil spigot now… and he can turn the volatility up or down. The US is the global price setter now, like it or not.

… Why?

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

An armada of at least eight oil tankers set off toward the Strait of Hormuz immediately after Iran’s foreign minister said the vital waterway was fully open to shipping.

Five of the carriers, which had been anchored north of Dubai, were moving into the waterway on Friday afternoon, soon after Iran’s foreign minister said it was completely open, vessel tracking data compiled by Bloomberg show. Three more, which were waiting about 70 miles west, have also begun moving in the direction of the strait.

The tankers moved despite reports in Iranian media that suggested the country was still seeking to impose restrictions. Iran’s Tasnim news agency reported that ships and cargoes linked to “hostile” countries would not be allowed through (in other words, no change from before). Passage via Strait of Hormuz will be closed if US naval blockade continues as it will be considered a violation of the ceasefire, the country’s Fars news agency reported. At the same time, Trump said that Iran-aligned ships would be barred passage as per the recently announced blockade until a ceasefire is finalized. 

The U.S. naval blockade continues… pic.twitter.com/EBvglrf6FA

— U.S. Central Command (@CENTCOM) April 17, 2026

Hundreds of tankers have been stuck in the Persian Gulf as a result of the Middle East conflict, and the decision to transit depends on the owners, captains and crews. Several ship owners earlier told Bloomberg they were seeking more information before they would be ready to consider transiting.

Earlier in the day, before the news that the Strait had reopened, we learned that a Greek shipowner whose vessels have repeatedly braved the Strait of Hormuz during the Iran war, sent through its biggest oil supertanker since the start of the conflict. The Atokos, a VLCC with a transport capacity of about 2 million barrels, signaled its location in the Indian Ocean on Friday. That would suggest it navigated Hormuz, with its digital transponder off, over the past several days.

The closure of the strait caused a surge in oil, fuel and natural gas prices as it choked off a swath of shipments and caused the region’s top producers to cut output. 

It’s not just tankers: according to MarineTraffic, today also saw the first cruise ship transit the Strait since conflict began. The cruise ship Celestyal Discovery has become the first passenger vessel to transit the Strait of Hormuz since the start of the conflict. The Malta-flagged vessel departed Dubai on 17 April after remaining docked

First cruise ship transits Strait of Hormuz since conflict began

The cruise ship Celestyal Discovery has become the first passenger vessel to transit the Strait of Hormuz since the start of the conflict. The Malta-flagged vessel departed Dubai on 17 April after remaining docked… pic.twitter.com/3wR1P6Lc6G

— MarineTraffic (@MarineTraffic) April 17, 2026

And merchant ships are also rushing to cross the strait before Iran changes it mind. 

🚢 Several Merchant Vessels that were anchored near the UAE have now decided to cross the strait of Hormuz, right after the recent announcement from Iran. https://t.co/XVDFQim98Y pic.twitter.com/dBXWs8Mgoi

— MenchOsint (@MenchOsint) April 17, 2026

If all the ships ships headed for the strait are able to continue their voyages into the Gulf of Oman and the Arabian Sea beyond, their movements would be among the clearest signs yet that Hormuz might finally be opening up to shipping that isn’t connected to Iran since the war began on Feb. 28.

More importantly, amid the constant headline ping pong, there remains lots of confusion as to the actual state of affairs, although as we reported previously, the only thing that matters in this entire conflict is whether the Strait is reopened: in a few hours we will have the answer.