
Energy, geopolitics, and markets shaped by physical and economic reality. Written by an ex-big-law attorney (PhD). Stop getting it secondhand.
| Platform | Pricing | Only free issues | Publishes | Weekly | |
|---|---|---|---|---|---|
| Issues | 95 | Founded | 2 years ago | Last Issue | 9 days ago |
| Active | |||||

Arbitrage generally benefits consumers, since it closes the price gap and irons out the inefficiency behind it. Wind and solar generation make that gap unusually wide: oversupply pushes European power prices negative for hundreds of hours a...
The holy grail in trading is a bet that wins no matter what happens, regardless of whether the price goes up, down, or sideways. In the stock market, that’s usually a scam, since money is the only metric and bets in every direction cancel e...
Ukraine’s “firm commitment to the rule of law” does not stop it from violating the general protection of civilian objects under Article 52 of the First Additional Protocol to the Geneva Conventions. On Wednesday, Ukraine said it had struck...
Commenters on Russia’s war against Ukraine make one mistake with remarkable consistency: they bathe in the moral satisfaction produced by the policies adopted in response while ignoring the economic and commercial consequences that backfire...
Last November, I argued in “Entropy Wins Every Time” that the war in Ukraine would end abruptly, within the winter, because Ukraine’s energy, politics, and demographics were all suggesting rapid unraveling. At that point around half of Ukra...
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| Subscribers | Engagement | 82 | Monthly Web Visits | ||
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| Accepts Sponsors | Estimated Cost per Ad | ||||
The writers behind this newsletter.
Markets, energy, and the collision between regulation and reality.
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