Discover more from Tugboat for Today
Favorites October 25th 2022
OPEC, Regulation, and Natural Gas Futures
Sorta rich coming from founders of OPEC. Turns out that these days, the United States is sorta the Saudi Arabia of Oil.
From the article: "Ironically, flattening regulation to a good or bad category is itself a Ronald Reagan-era propaganda strategy to lump in needed protectionist regulations with bureaucratic red tape that was widely understood to be corrupt or inefficient."
This tweet follows up with a reminder of the 40-20 rule of traffic safety: "If a person walking is struck by a vehicle traveling 40 mph, the pedestrian almost always dies. If a person walking is struck by a vehicle traveling 20 mph, the pedestrian almost always lives."
Yglesias: "Neil Armstrong acting with no regard for the existing character of the Moon"
• Thread investigating why Russia has repeatedly said they think Ukraine will try to frame them by detonating a 'dirty bomb' in their own territory. TL;DR: Russia thinks there's a good chance that if they use nukes they'll malfunction and want to try to then frame Ukraine, it won't work anyway because the signatures of a dirty bomb and a failed nuke are quite different.
• Thread of takeaways for NATO from the war in Ukraine on how to update military hardware going forward. Lots of photos.
• Thread about how European natural gas futures prices are near zero right now. TL;DR: Storage is full, tons of ships are waiting to offload LNG, and forecasts across Europe don't indicate cold weather coming up.