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Inpex Warns Of Looming LNG Crunch in Asia

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Inpex Warns Of Looming LNG Crunch in Asia

By Charles Kennedy of OilPrice.com,

Japan’s Inpex expects an LNG supply shortfall in the Pacific coastal region, including Asia, in 2035, as demand will nearly double from current levels, the oil and gas major said in its 2025 earnings report on Thursday. 

Global LNG demand is expected to increase to about 700 million tons per year in 2035, up from the current level of around 400 million tons annually, according to the Japanese company, which operates the Ichthys LNG project offshore Western Australia.  

“Demand will be concentrated in the Asia–Oceania region, accounting for about 60% of the total,” Inpex said in the outlook to 2035.  

“Supply shortfall is expected in the Pacific coastal region, including Asia,” the company noted in its LNG Supply and Demand Outlook in the report. 

While other regions look sufficiently supplied, the Pacific coastal region could see a supply shortfall of 231 million tons per year in 2035, according to Inpex. 

Despite warnings of a near-term global LNG glut, top exporters in the Middle East, including Qatar and the United Arab Emirates (UAE), see strong demand going forward and flag insufficient investment in supply in the medium to long term.

The UAE is growing its LNG exports to meet surging global demand that will outpace investment in supply, Energy Minister Suhail al Mazrouei told Reuters at the end of last year.

“I agree with his excellency, Minister of Qatar, that the demand is going to be much, much more than the projects that we are seeing,” the UAE official added. 

Saad Sherida Al-Kaabi, who is QatarEnergy’s CEO as well as the Minister of State for Energy Affairs of Qatar, said in December “I have no worry at all about demand in the future.”

“I have a worry about the lack of investment for additional supply in the future, which will cause prices to spike,” Al-Kaabi added. 

Tyler Durden
Thu, 02/12/2026 – 20:05

Two Israelis Arrested, Indicted After Using Classified Iran Info For Polymarket Bets

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Two Israelis Arrested, Indicted After Using Classified Iran Info For Polymarket Bets

The Israeli government has announced the arrest and indictment of an IDF military reservist and a civilian with classified clearances who placed bets regarding military operations on the popular Polymarket prediction market.

A joint statement by Shin Bet and the Israeli Police, which teamed up to conduct the investigation, said bets were made “based on classified information to which the reservists were exposed as part of their military duties.”

via AFP

Authorities have not confirmed details of the specific bets, but it follows Kan News first reporting suspicions that officials within the defense ministry had leveraged classified information to profit on Polymarket.

At least one of the accused reportedly bet on the timing of Israel’s opening strike on Iran in last June’s 12-day war. The indictments mention “serious security offenses” as well as bribery and obstruction of justice.

According to the Times of Israel, one of the men netted about $150,000 based on the insider knowledge:

Last month, Kan said a user who went by the name ricosuave666 placed several bets in June 2025 with suspicious accuracy regarding Israeli military operations in Iran, wagering tens of thousands of dollars and making a profit of around $150,000.

While not identifying the men, the defense ministry and Israel Defense Forces (IDF) issued a lengthy statement.

“The defense establishment emphasizes that engaging in such betting activities, based on secret and classified information, poses a substantial security risk to IDF operations and to the security of the state,” the statement indicated.

An IDF spokesperson continued, “The IDF views with utmost severity any act that endangers the security of the state, particularly the use of highly classified information for the purpose of personal gain.”

The IDF called it a “grave ethical failure and a clear crossing of a red line,” and indicated that “In response to the incident, measures have been taken and procedures will be reinforced across all IDF units to prevent similar cases from recurring.”

There have been several similar ‘insider betting’ scandals in the United States related to fast-moving geopolitical events, for example involving the timing of the Trump-ordered Venezuela military operation. Red flags have even been raised surrounding the Super Bowl halftime show:

Earlier this year, an anonymous bettor on Polymarket perfectly predicted the US invasion of Venezuela mere hours before over 150 US aircraft rocked the country’s capital of Caracas, netting them over $400,000.

The incident reignited a heated debate over insider trading on prediction market platforms like Polymarket and Kalshi. While the act is strictly forbidden on Wall Street, prediction markets are currently operating in a regulatory vacuum, allowing those who enjoy insider status to score big — while everyone else is left to pick up the bill.

And the evidence that prediction markets are rife with insider traders continues to grow. As one eagle-eyed Reddit user noticed, an anonymous day-old Polymarket account correctly guessed 17 out of around 20 bets about Sunday’s Super Bowl half-time show.

“All told, they made about $17,000 in profit,” the report observes, and points to the extreme unlikelihood, statistically-speaking, in getting 17 out of the 20 bets exactly right.

Tyler Durden
Thu, 02/12/2026 – 19:40

Half Of Gen Z Brings Parents To Job Interviews: Survey

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Half Of Gen Z Brings Parents To Job Interviews: Survey

Authored by Oscar Mackey via The College Fix,

80% said their parents have communicated with their manager at least once…

Over 50% of college-age job seekers had their parents sit with them at an in-person interview, a January survey by Resume Templates found.  What’s more, over 35% of surveyed individuals reported parents either writing a cover letter or performing a test assignment for them.  

Julia Toothacre, a career coach and chief career strategist at the survey group, said she had never seen parents this involved in their child’s job searches in the past. 

“When I was doing career development at the college level, we would see parents come in to talk about majors and sometimes career choices, but they weren’t sitting in on interviews or communicating with managers,” Toothacre told The College Fix in a recent interview via email.

When asked what she believed caused this trend, Toothacre replied, “I think COVID played a larger role in this parental involvement than many people want to admit.” 

She elaborated:

“Right now, one of the main factors is the unpredictable market. I think parents are seeing how difficult it’s been to get hired and how many entry-level and early-career positions are being replaced with AI or simply being limited. 

“Second, I believe this generation, while more emotionally aware, also experiences greater anxiety than previous generations. Couple that with living through COVID during formative years, and there is going to be a portion of this generation that feels like they need additional support,” Toothacre told The Fix.

The survey polled young adults ages 18-23.  

Parental involvement in this survey was defined as “the actions a parent took for their child during the job search process.”

The young adults surveyed reported parental involvement was often repeated.  They also said parents submitted applications (64%), completed test assignments (51%), and sat in on in-person interviews (51%). 

Additionally, 80% said their parents have communicated with their manager at least once, including 67% who reported multiple instances.  During these interactions, the most common topic was their schedule or hours (58%), and the second most common was workplace accommodations (38%).  

What’s more, young men were more likely to report repeated involvement by their parents than young women: 70% of men said their parents submitted an application for them compared to 59% of women.  Young men also reported a similar trend in parents writing emails (61% vs. 52%) and joining multiple in-person interviews (57% vs. 47%).

The career service group also polled 181 parents in a separate survey. A majority of the parents said their involvement was requested by their child, and their reasons for doing tasks on their child’s behalf included a difficult job market, inexperience, and anxiety.  

According to the parents surveyed, 71% reported their adult child requesting help, while 25% offered help.  

When asked about the survey, Lenore Skenazy, a journalist and founder of Let Grow, a movement advocating for child independence, said parents to step back and let their children learn more on their own. Speaking with The Fix in a recent phone interview, she said doing so encourages resilience and independence. 

“It’s a natural impulse, helping our kids,” Skenazy said. 

And while it’s good for young adults to ask for help, she said parents also need to let their children step up. The older children become, the more parents need to trust them to do things on their own, Skenazy said.

A 2024 survey by Resume Templates found similar results with one in four young adults saying they brought their parents to a job interview, The Fix reported previously.

“[I]t’s becoming clear that constant adult supervision and intervention are hurting young people. This over-assistance is undermining their self-confidence and competence,” Skenazy told The Fix at the time.

Tyler Durden
Thu, 02/12/2026 – 18:25

India’s Richest Man Sees Company Shares Dip After OFAC Request On Iranian LPG Allegations

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India’s Richest Man Sees Company Shares Dip After OFAC Request On Iranian LPG Allegations

Shares of Adani Enterprises Ltd fell as much as 3.5% in Mumbai earlier this week before trimming losses, after the company disclosed that a US agency has sought information over alleged imports of Iranian petroleum products.

In a stock exchange filing, the flagship of the Adani Group said it received a request on Feb. 4 from the US Treasury Department’s Office of Foreign Assets Control (OFAC), according to Telegraph India and Bloomberg.

The outreach followed voluntary discussions the company initiated after a June 2025 Wall Street Journal report that claimed Adani-linked firms may have brought Iranian liquefied petroleum gas (LPG) into India, potentially exposing transactions to US sanctions risk.

The company said OFAC is conducting a civil inquiry into certain transactions routed through US financial institutions that may have involved, directly or indirectly, Iran or sanctioned parties. It emphasized that the communication “does not contain any findings of aberrations/non-compliances” and that it is “voluntarily engaging and fully co-operating” with the US authority.

The Journal had reported that US prosecutors were examining whether companies controlled by billionaire Gautam Adani imported Iranian LPG through Mundra port in Gujarat. It also said some tankers operating between Mundra and the Persian Gulf displayed characteristics experts associate with sanctions evasion. Purchases of Iranian oil and related products are restricted under US sanctions tied to Tehran’s nuclear programme.

At the time, the conglomerate described the allegations as “baseless and mischievous” and said it “categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG.” The group added that it does not handle cargo from Iran at its ports or manage vessels owned by Iranian entities.

Adani Enterprises said the matter has no financial impact. LPG contributed 1.46% of the company’s revenue and about 0.5% of overall group revenue in the fiscal year ended March 2025. It added that it halted all LPG imports from June 2, 2025, out of “abundant caution.”

The inquiry comes as the group continues to face scrutiny in the US, including a separate bribery probe and earlier allegations of stock manipulation and accounting irregularities by short seller Hindenburg Research in 2023, claims the conglomerate has denied.

Tyler Durden
Thu, 02/12/2026 – 18:00

China’s Central Bank Keeps Buying Gold… And Dumping US Debt

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China’s Central Bank Keeps Buying Gold… And Dumping US Debt

Authored by Andrew Moran via The Epoch Times,

China’s ferocious appetite for gold is influencing the global metals market, and that demand is what will keep driving up metal prices, according to Michael Howell, founder of CrossBorder Capital.

The People’s Bank of China’s gold holdings totaled 74.19 million fine troy ounces by the end of January, up from 74.15 million in the previous month, according to recent central bank data.

Beijing’s value of gold reserves also surged to $369.58 billion, from $319.45 billion in December 2025.

Gold accounts for almost 9 percent of China’s total reserves, the World Gold Council estimates.

The metals market has been on a roller coaster ride over the past few months.

Gold prices are currently trading at about $5,000 per ounce—up by 17 percent this year—on the COMEX division of the New York Mercantile Exchange.

Silver, the sister commodity to gold, is hovering at about $80 per ounce. The white metal has fallen sharply since reaching an all-time high of $121.

The commodities boom will continue, with a focus on oil and gold, Howell said in a recent interview with Siyamak Khorrami, host of EpochTV’s “California Insider.”

Global financial markets are experiencing a commodities boom, particularly in industrials, which coincides with the buildout of artificial intelligence infrastructure. At the same time, Howell said, energy is also witnessing a dramatic increase.

“Stronger economic activity worldwide will elevate oil prices from their current subdued levels,” he said. “Gold has had a tremendous rally over the last 18 months. It’s defied most predictions, but it continues to go up.”

China is playing an outsized role in its meteoric ascent.

Although retail traders are fueling sizable inflows into gold investments, China has been on a gold-buying spree for years as part of the country’s de-dollarization efforts.

For more than a decade, Beijing has been diversifying its foreign exchange reserves to reduce its exposure to the U.S. dollar and American assets, particularly Treasury securities.

In October, China’s holdings of U.S. debt fell to $688.7 billion, down by nearly 10 percent from the previous year, according to Treasury Department data.

Reports have surfaced that Chinese regulators have advised banks to trim their holdings of U.S. government bonds because of market volatility. Whether this shows up in the data over the coming months could further cement China’s long-term plans to ditch the dollar and remain in gold.

Influential Force in Gold Markets

As China remains one of the world’s largest buyers, it will also maintain an immense influence in global gold markets, according to Howell.

“The reason gold is going up is because of what’s happening in China,” he said.

It is no secret that China has largely shaped the global metals market through physical demand, whether through industrial consumption or retail use.

But recent activity on the Shanghai Futures Exchange indicates that Beijing is also influencing prices, said Ewa Manthey, commodities strategist at ING.

“Rising turnover and open interest signal a greater role for speculative positioning in driving momentum, and notably, key price breaks in gold and silver have increasingly occurred during Asian hours, with Europe and the US following rather than leading,” Manthey said in a Feb. 6 research note.

Domestic investors are increasingly turning to commodity futures to express macro views and hedge risks, as property markets are weak, equities are uneven, and capital outflows face tighter controls, according to Manthey.

In this environment of economic and geopolitical uncertainty, metals—across the base and precious spectrum—have become a more prominent alternative investment channel.

Gold trading at a premium in China sends various signals to global markets, mainly the sign that domestic stockpiling is underway. This, Manthey said, sends the message that supplies are tightening and worldwide availability could be tightening.

Although fundamentals trump short-term speculative forces in precious metals, influential noise can trigger greater volatility and abrupt, sharper price corrections.

The Great Debasement

One long-term factor supporting the bullish case for gold is money printing.

Over the years, China has frequently engaged in monetary debasement through aggressive stimulus programs.

Howell estimates that officials have injected more than $1 trillion in liquidity into the financial system to prop up the world’s second-largest economy amid diminished household demand, trade strife, and slowing factory activity. At the same time, China is grappling with enormous debt.

“China’s probably got the biggest problem of the lot, because it’s still sitting on that huge real estate debt which has been saddling the economy,” Howell said.

Although Evergrande and Country Garden have not captured international attention lately, the fallout of China’s real estate bubble burst persists, featuring a mountain of red ink.

Today, China’s general government debt accounts for more than 100 percent of gross domestic product, reflecting the years-long dependence on credit-fueled growth.

The only solution for the authorities to prevent a debt-fueled crisis is to print money, according to Howell. Although defaults are one strategy, they would inevitably destroy the credit system.

“So what happens is central banks come in, and they print money, and that is the solution to every financial crisis you can think of going backwards, and that will be the solution to future financial crises,” Howell said.

“Given the fact that the debt levels are rising remorselessly year after year after year, politicians are kicking the can down the road,” he said. “They’ve got no appetite to control spending, and they just think the easy way out is either take on more debt or print money.”

At a time when assets have become the go-to investment for institutional investors and armchair traders, one of the most important strategies is to refrain from selling gold.

“You don’t want to be selling gold right now,” he said. “Strategically, you’ve got to hold gold.”

Good as Gold

In 10 years, gold could reach $10,000 per ounce, according to Howell—and he is not the only one presenting a bullish prognostication.

Yardeni Research forecasts $10,000 by the end of the decade.

“This is all happening because rising geopolitical tensions are driving a military arms race, and defense companies need metals to increase their output,” Yardeni Research said in a Jan. 25 research note.

“Also boosting metals prices is the geopolitical AI arms race, which is escalating capital spending on technology.”

Meanwhile, “deep currents” are supporting gold’s rally, such as U.S. deficit spending and central bank buying, said David Miller, senior portfolio manager at Catalyst Funds.

“These are very powerful forces and will likely drive gold significantly higher over the next three, five, or even [10] years,” Miller said in a note emailed to The Epoch Times.

Tyler Durden
Thu, 02/12/2026 – 17:40

US Forces Pull Out Of Syria’s Tanf Base, Hand Over To Jolani Regime

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US Forces Pull Out Of Syria’s Tanf Base, Hand Over To Jolani Regime

After many years of being there, American forces have withdrawn from the Al-Tanf Garrison, a base in southern Syria near the borders of Iraq and Jordan, according to fresh reporting in AFP.

US troops had long operated out of Tanf to pressure the Assad government as part of the long-running US-backed regime change project. The US primarily trained the Syrian Free Army (FSA) in that remote desert area – which was an umbrella group of various factions, likely among them jihadists, armed and funded by Washington.

Wiki Commons

A Syrian military source told AFP and other international outlets Wednesday that the “American forces withdrew entirely from Al-Tanf base today” and relocated to a Jordan base.

The report said that Syrian military personnel replaced the US forces – but that the Pentagon will “continue to coordinate with the base in Al-Tanf from Jordan.”

So after over a decade-long proxy war, the bearded ‘ISIS-lite’ jihadists of Jolani/Sharaa’s army were just handed an American base overnight. Perhaps that was the plan all alongAl Jazeera provides further confirmation:

Syrian ⁠forces ⁠have taken control of the strategic al-Tanf military base near the border with Iraq and Jordan, the Syrian defense ministry has said, amid the withdrawal of a longstanding United States troop presence at the base.

The ministry said in a statement on Thursday that Syrian Arab Army units had taken control of al-Tanf, securing the base and its surroundings, “through coordination between the Syrian and American sides”.

Army units had “begun deploying along the Syrian-Iraqi-Jordanian” border nearby, the ministry said, while border guards would be deployed in the coming days.

It was only in December that an insider attack took place in the central town of Palmyra, resulting two US soldiers and a civilian killed. Washington tried to pass it off as a “lone ISIS gunman” but the Syrian government itself admitted the attacker belonged to their security forces.

US officials have admitted to The Wall Street Journal that post-Assad Syrian Army is “riddled with jihadist sympathizers, including soldiers with ties to al-Qaeda and ISIS and others who have been involved in alleged war crimes against the Kurds and Druze.”

In northeastern Syria, a place where most US troops are based, there have been signs of large-scale withdrawal into Iraq over the last several weeks.

This has been extremely controversial as the US-backed Kurds and SDF forces have been attacked as Damascus forces move in. The Kurds are once again being thrown under the bus, with no support, after having been armed and trained by Washington for much of the last decade. Abandonment of the stateless Kurds has been a clear pattern over time.

Tyler Durden
Thu, 02/12/2026 – 17:20

Victor Hanson On Our Super Bowl Satyricon

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Victor Hanson On Our Super Bowl Satyricon

Authored by Victor Davis Hanson via American Greatness,

In recent years, Americans have known what to expect from our Neronian Super Bowl halftime shows: mediocre music veneered over with gaudy, flashily lit, but ultimately empty and meaningless sets.

As seen again this year, the usual array of supporting dancers twerk and simulate intercourse, in sync with the main singer, mindlessly grabbing his/her genitals—apparently to highlight the explicit sexual allusions of mostly nonsensical lyrics.

For some strange reason, this Roman orgiastic ritual is supposedly designed by the NFL each year to appeal to American families of all ages as they gather together around the living room TV on their festive cultural holiday.

But the script has now grown predictable and trite. This year’s mess jumped the shark and had a force-multiplying boring effect on one of the most tedious Super Bowl games in history.

The decision to have Bad Bunny as the main attraction to sing solely in Spanish—only 14 percent of the U.S. population is fluent in Spanish, while 90 percent is proficient in English—was apparently designed to grow the NFL’s global audience, particularly in the Western Hemisphere, or perhaps to shock America to get accustomed to its new official multilingual identity.

Yet of the anticipated 60 million Americans who likely watched this flat show, more than 50 million of them could neither read nor comprehend Spanish.

And they had previously been insulted by Bunny to hurry up and learn Spanish before the game—or else?

How odd that America provides translations of every conceivable language in its courts, hospitals, and schools for minorities of non-English-speaking residents. And yet at its annual signature sporting event, the marquee and main-event non-English speaker would not even provide translations for the vast majority of the viewing population.

Part of the hype of Bunny’s appearance was his supposedly edgy decision to perform entirely in Spanish. But was that really so avant-garde?

What would have been far more against-the-grain and bold for Bad Bunny would have been to find some way to reconnect with the millions of disenchanted families who simply wish a hiatus from the monotonously gross and politicized Super Bowl bacchanalias.

Most in the stadium had no idea what Bad Bunny was singing about, if we can call his nonstop talking and mumbling true music.

Fortunately for Bunny, that language barrier turned out to be about the only good thing about the entire Sunday disaster.

Most of Bunny’s lyrics were raunchy and demented, and likely out-Epsteined the imagination of the late Jeffrey Epstein.

In his vile, obscene “Safaera,” to avoid being censored, Bunny omitted a few of the song’s lyrics about his celebration of exploitative sodomy, fellatio, and anilingus—with misogynistic trashing of his compliant female sexual partners as “hoes.”

(Do woke intersectional feminists weigh in on the side of Bunny’s DEI credentials and sexual fluidity, or do they bristle at Bunny’s “objectification” of women, as he reduces them to mere mindless receptacles of violent and toxic masculinity?).

If Bunny’s purpose was to shock America, then he should have sung his full lyrics of “Safaera” in English, ensuring that his first-time listeners were forced to hear and react to his sick adolescent riffs on breasts, bottoms, phalluses, and vaginas.

Bunny had been previously instructed not to repeat his prior performance-art trashing of ICE and to keep his politicking subtle and coded.

Translated, that meant the NFL had greenlighted some of his obscene references as long as they were relegated to a Spanish-speaking audience only and toned down a bit. But he was not overtly to alienate over half of the NFL’s viewership, who not long ago had voted to stop illegal immigration and millions crashing the border.

Bunny mostly complied, albeit with empty platitudes about hate and love, and reducing the American flag to a status similar to that of the other South and Central American states.

Ricky Martin chimed in with his own incoherent Spanish-language harangue about the American rape of paradise in Hawaii (“They want to take my river and my beach too/They want my neighborhood and grandma to leave”).

If Martin’s point was the arrival of too many newcomers, then he might have first reflected on the 10-million uninvited illegal aliens who, during the Biden tenure, stormed America’s southern border.

A writer for the now-defunct sports section of the Washington Post had earlier and ludicrously boasted that the mostly forgotten Colin Kaepernick—the Dylan Mulvaney of the NFL—would be the most relevant figure at the 2026 Super Bowl.

Perhaps he was—if the writer meant by “relevant” the narcissistic Kaepernick’s past popularizing of taking-the-knee during the National Anthem.

That antic likely reduced NFL viewership by 25 percent in 2016-2017, and turned Sunday afternoons into racial psychodramas with two race-coded National Anthems.

In sum, last Sunday was the same old, same old Super Bowl Satyricon.

Tyler Durden
Thu, 02/12/2026 – 17:00

X Money ‘External Beta’ Will Go Live In 1-2 Months, Musk Says

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X Money ‘External Beta’ Will Go Live In 1-2 Months, Musk Says

Authored by Martin Young via CoinTelegraph.com,

X Money, an upcoming payments system that forms part of Elon Musk’s “everything app” plans, is scheduled to come out as a “limited beta” in the next two months before launching to X users worldwide. 

Musk gave the new timeline at his AI company’s “All Hands” presentation on Wednesday, during which he said that X Money was already live “in closed beta within the company.” 

“This is intended to be the place where all money is. The central source of all monetary transactions,” he said, calling it a “game changer.”

Elon Musk says X Money is coming soon. Source: xAI

Payments part of X’s “everything app”

The move is framed as a key upcoming feature to make X more essential, tied with its “everything app” vision, with payments a core driver of daily engagement. 

Musk noted that the platform has 1 billion installed users but said its average monthly users were around 600 million.

X Money, rumored to be launched last year, is expected to integrate directly into the X platform, which aims to become a single place for social networking, messaging, content, and financial services, similar to WeChat in China.

“As we give people more reasons to use the X app, whether it’s for communications, or for Grok, or for X Money […] we want it to be such that if you wanted to, you could live your life on the X app,” said Musk.

Elon Musk has been pushing for payments on X since shortly after acquiring Twitter in 2022. The idea ties back to his early career in 1999, when he co-founded X.com, an online bank that merged with Confinity to become PayPal, which was later acquired by eBay.

Crypto integration remains a mystery. Musk has previously shared enthusiasm for Dogecoin, but the initial focus is likely to be fiat since the company has partnered with Visa. According to the Blockchain Council, it will support crypto in the future. 

xAI expands Macrohard data center

Musk also highlighted the company’s AI growth, stating that xAI can “deploy more AI compute faster than anyone else.”

The tech billionaire showcased the firm’s “Macroharder” AI data center in Memphis, Tennessee — an expansion of the existing plant that adds 220,000 more graphics processing units.

“All this will be training the [AI] models that you experience. It’s absolutely fundamental to have large-scale training compute in order to get the best models,” he said. 

Tyler Durden
Thu, 02/12/2026 – 14:40

Trump Revokes Obama-Era Greenhouse Gas Finding In “Largest Deregulatory Action” In U.S. History

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Trump Revokes Obama-Era Greenhouse Gas Finding In “Largest Deregulatory Action” In U.S. History

Update (Thursday Afternoon):

President Trump told reporters that his administration has rescinded the 2009 Obama-era “Endangerment Finding,” a determination that greenhouse gases threaten public health and welfare, which he said has been used by the radical left to justify $1.3 trillion in regulatory costs that have hurt American households and sent consumer prices soaring, especially for automobiles.

The single largest deregulatory action in American history. That’s a big statement, in American history and I think we can add the words by far,” Trump told reporters.

The president said, “Under this process just completed by EPA, we are officially terminating [the] so-called endangerment finding—a disastrous Obama-era policy that severely damaged the American auto industry and massively drove up prices for American consumers. Prices went up incredibly, for a worse product.”

“This action will eliminate over 1.3 trillion dollars of regulatory costs that [will] help bring car prices tumbling down dramatically. You’re going to get a better car, you’re gonna get a car that starts easier, a car that works better. [Obama’s] EPA designated fossil fuels such as oil, gas, and other things that actually make factories rock and roll, and other things drive very nicely,” he noted.

The announcement was made with EPA head Lee Zeldin, and was framed by White House Press Secretary Karoline Leavitt as a historic deregulatory move.

Earlier this week, Zeldin told the Wall Street Journal that “this amounts to the largest act of deregulation in the history of the United States.”

The Democratic Party’s massive climate regulations helped fuel inflation and led to a degrowth trend in the US economy, while giving China room to catch up. That is alarming, and it raises a question: were these de-growth climate regulations intentional?

*   *   *  

The U.S. Environmental Protection Agency is about to pull the rug from underneath climate regulation…

The EPA, under Lee Zeldin, plans to revoke the 2009 “endangerment finding”, an Obama-era determination that six greenhouse gases “threaten the public health and welfare of current and future generations” and that has anchored federal climate regulation under the Clean Air Act, according to a new Wall Street Journal report.

Bloomberg reported that the repeal could be announced as soon as Wednesday, citing an unnamed source.

Repealing the Obama-era climate finding would strip away the legal foundation for federal greenhouse gas regulation, which has been nothing more than toxic and degrowth for the economy, while China and India expanded coal-fired generation to power manufacturing hubs.

This amounts to the largest act of deregulation in the history of the United States,” EPA head Zeldin said in an interview.

Officials say it does not directly apply to emissions rules for oil-and-gas power plants and other stationary sources, but repealing the finding could make it easier to challenge or roll back those regulations at a later date.

The rollback would be a major win for the economy, which has been burdened by years of Democrats’ “climate crisis” policies, which have epically backfired as electricity rates have soared amid terrible bets on unreliable solar and wind generation and the retirement of fossil-fuel plants.

This has all collided with grid strain in the data center era, triggering a power bill crisis across Maryland and other Mid-Atlantic states.

Also, this brutally cold winter has only underscored one very important point for ‘team fossil fuels’: coal and natural gas have helped keep the Mid-Atlantic and Northeast power grids from collapsing in recent weeks.

Related:

Since taking office, President Trump has pursued deregulation and pushed for reliable fossil fuels, telling supporters during the campaign trail, “drill, baby, drill.” The goal, the president has stated over and over, is to reverse the worst inflation storm in a generation, which he blames on Democrats and their nation-killing green agenda.

On President Trump’s first day of office last year, he signed an executive order directing the EPA to submit an assessment on the endangerment finding. Then by July, he received the proposal to rescind the finding.

Now, the rollback that would equal upwards of $1 trillion in cuts is set to be announced this week, along with several other energy- and climate-related announcements that will help drive down the cost of living.

More energy drives human flourishing,” Interior Secretary Doug Burgum said in an interview. “Energy abundance is the thing that we have to focus on, not regulating certain forms of energy out.”

The U.S. economy has spent two decades under “climate crisis” regulations, and it has backfired spectacularly. Time to get back to basics. 

Tyler Durden
Thu, 02/12/2026 – 14:30

Russia To Send Oil To Cuba Amid US-Imposed Blockade

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Russia To Send Oil To Cuba Amid US-Imposed Blockade

Russia is preparing to rush urgently needed oil to Cuba under what officials describe as a “humanitarian” arrangement, according to a report Thursday by the pro-government newspaper Izvestia.

The Russian Embassy in Havana told Izvestia that “as far as we know, Russia is expected to supply oil and petroleum products to Cuba as humanitarian aid in the near future” – amid the island’s worst energy crunch in years.

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After decades of already crippling sanctions, President Trump’s latest Executive Order “imposes a new tariff system that allows the United States to impose additional tariffs on imports from any country that directly or indirectly provides oil to Cuba.”

The most devastating move has been to block the ability of the post-Maduro Venezuelan government to send supplies to Cuba. Caracas was Cuba’s chief oil supplier.

Key airlines have stopped flights into Havana’s main international airport for lack of jet fuel. As we reported earlier, Russia is allowing its airlines to temporarily operate outbound flights only.

5,000 Russian tourists remain stranded in Cuba, amid an evacuation overseen by Moscow, according to AFP citing Russia’s Association of Tour Operators.

Earlier this month international reports said Cuba was merely days from running out of fuel, and widescale power outages across various districts of the country have only worsened. 

The last known delivery came via a tanker from Mexico in early January, but Mexico halted exports amid US pressure,” The Guardian notes. “At the same time, crude flows from Venezuela have dried up after a US operation in January that resulted in the capture of Nicolás Maduro, cutting off support from Cuba’s most trusted energy supplier.”

Havana’s lone primary international airport has seen drastic developments such as the following:

In recent hours, a video has gone viral on social media showing dozens of tourists disembarking from a plane on the tarmac in Moscow after their flight to Cuba was aborted just before takeoff.

The testimonies collected by the Russian outlet Mash on Telegram indicate that passengers on flight SU6849 had almost taken off when, “at the last moment, when the engines were already running, the pilot announced that there was no fuel in Havana,” forcing the flight to be canceled at the last minute.

Putin spokesman Dmitry Peskov said Monday that “the stranglehold imposed by the United States is already causing a lot of difficulties for Cuba” and this has resulted in the two allies discussing “possible ways to resolve these problems or at least provide all possible assistance.”

Tyler Durden
Thu, 02/12/2026 – 14:20