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Prices can top $100 a barrel, some reasons why this is possible including depleted old field and lower production relative to demand. Important article by King and Chazan because of the experts from Aramco, IEA, and Schlumberger being all pretty much aligned in their view and reasoning that not much is happening in the way of oil exploration and production is happening to meet the extra demand from India, China and deveoping countries. Aramco expert cites older depleted oil fields with a 15 year production plateau, Saddad Al- Husseini estimates that price will go up by $12 for every million barrels a day in additional demand. Nobuo Tanaka the new executive director IEA thinks supply will not keep up with demand because many oilresource rich countries are not bringing in outside investors, and also because he is not sure there will be enough investment, skilled workers and technology to to get the oil out in a timely manner. Note there have been constraints in engineering and manpower shortages. And Andrew Gould CEO of Schlumberger says that 70% of the oil fields are over 30 years old, amd just in the last four years from 2003 the demand has increased by the production thats generated from North Sea and Mexico....

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Opening up of the Bystre and Sulina canals to get Ukraine wheat from the port of Odessa on the Black Sea to Romanian ports and to the Danube. This is one more step in getting grain out of Ukraine. Ukraine taking over Snake Island on the Romanian coast south of Odessa in July was a positive step for creating a route for ships getting to Romania and the Danube. Yet this route only adds about 500,000 tons of grain taken out. About 8 million tons normally leave in June from Ukraine ports only 25% or 2 million made it out.

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Micron Technology, GlobalFoundaries, Intel, Samsung are planning large investments with the assistance of governments in US, and Japan. Taiwan Semiconductor plans to build a chip plant in Japan. US has allocated $52 billion for domestic investments by chip companies. In recent decades bad policy has led to chip making demise in the US which the Biden administration is determined to reverse by boosting US chip production. Intel Corp has announced large investments in US and Europe, Micron is expected to follow in this direction.

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Israeli attack on South Pars Field and Iranian response with attack on Qatar North Field- this happens on March 18, 2026. About 10% of total global oil supplies are affected about 7 million barrels a day. Attacks on oil facilities and fields are a different order of magnitude compared to closure of Straits of Hormuz, as oil tankers can still deliver the oil when it is safe to cross the sea passage. Attacks on oil fields and facilities will take a long time to repair. The US president calls on Israel to stop such attacks. The Pars gas field supplies homes in Iran and is used for fertilizer production in Iran. It also supplies Turkey which would have to get alternative supplies from Russia or on the world market.Oil briefly hits $116 a barrel before settling at $96. The situation resembles the one in Ukraine when Ukraine grain production could not be sent from the Black Sea ports to Europe and Middle Eastern countries like Turkey, Egypt and Morocco, and fertilizer exports could not be sent to Asia. The Russian attacks on Ukraine ports led to global shortages of fertilizer and grain. ...

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Importance of hearing aids and using ear plugs near loud noises in avoiding early dementia. Other actions to prevent early dementia are wearing helmets to protect from brain injury, getting vision checked, engage your core when sitting and getting every 20 minutes, long walks or hikes, checking cholesterol, maintaining good sleep habits. The expression "use it or lose it" is key if vision, hearing, body movement is not used one loses it and with it the paths to social connections that the brain needs for stimulating its function. Maintaining good sleep and food, exercise habits shows that overall health has much to do with mental health.

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Germany to introduce questionairre for 18 year olds and mandatory physical exam for voluntary military service in 2026. Defense Ministe Pistorius said he was following the practice of making military service attractive and popular, with better pay and conditions, followed in Nordic countries.

"Other European countries, especially Nordic ones, have shown that the principle of voluntary service combined with attractiveness works — and I expect it to be the same here. The number of applicants is increasing, the recruitment figures are rising."  The aim is to recruit 20,000 new volunteers by 2026. They will receive €2,600 ($3,025) per month before tax.

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Eiji Toyoda, a cousin of Toyota founder, Kiichiro Toyoda, headed the company in a crucial period of its growth in the sixties and seventies. He was president for 1967-1982, was chairman till 1992 and honorary chairman till 1999. During this period going back to the 1950's he set the stage for Toyota to introduce its efficient production systems and rapid growth in the U.S. market following the success of the Corolla in 1968. He passed away in 2013 at the age of 100.

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Azaz Patel of New Zealand becomes only the third bowler in international cricket to take 10 wickets in one innings in the second Test India vs. New Zealand. He joins Jim Laker of England against Australia in 1956 and Anil Kumble India against Pakistan in 1999.

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Panera casual food restaurant chain plans to cut 150 artificial sweeteners, colors, flavors and preservatives from the menu items by the end of 2016. Panera has 1600 restaurants for sandwiches, salads and soups in the U.S. and Canada. This includes fat substitutes and propylene glycol. It has cut sucralose artificial sweeetener and titanium dioxide used to whiten mozzarella cheese.

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There are about the same number of borrowers 3.6 million instead of 3.4 million yet over 10 years Parent Plus Loans have grown by 61% or $44 billion to a whopping $115 billion burdening parents and students. Yet no one mentions that it is the colleges that are causing much of this increase with their failure to control costs. The government is now stepping in and it is up to parents to do their homework on school value so that this overburdening with debt that colleges take for granted becomes a thing of the past. If colleges cannot control costs they should feel public dissatisfaction and be ruled out. Colleges and Universities act as if they are not in a market system economy where costs cannot be simply passed on, costs have to be managed or consumers of a service will turn down that product.

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Delivering the mail by boat across Penobscot Bay, Maine in the northeast U.S. The mail has been delivered to six small and rugged islands here in Maine's coastal area by the same family since 1905. This could be the last year as Maine has a 14 day quarantine for visitors from outside. Maine has the largest median age in the country at 45. Known for its coastline it gets millions of visitors in the spring and summer months adding $6.5 billion to its economy. Depending on this tourism are thousands of small businesses. Coronavirus is changing the rhythm of life even here in a place which has known quieter rhythms.

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Omar Ashmawy was an Air Force officer and a war crimes prosecutor at Guantanamo Bay. He moans the fact that 10 years after 9/11 there is the same lack of knowledge and understanding of the Arab world, its language, culture and history. This showed in the surprise with which the movement for democracy and self-expression in Arab countries was received in the U.S. He points to the lack of language and cultural training in the military 10 years after America fought 2 wars in the Arab world and now finds itself thrust into the events of the Arab Spring. He says this is a weakness that really hurts America in coming up with productive interaction and partnership with people in the Arab and Muslim world. That productive interaction requires an insightful understanding of their needs and aspirations, and their own unique problems and history.

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 President DJT has several options after SC Tariffs decision -Sections 122 Trade Act of 1972 has 150 day limit and 15% maximum tariff rate, and Sections 232 and 301 of the Trade Expansion Act of 1962 is specifically designed for China and countries with high trade deficits. DJT pointed out at the press conference following the Supreme Court decision pointed out that he had these options at the beginning in April for tariffs. He chose IEEPA instead because the other options required work that would take several months showing the unfair treatment of the US by other nations. It is likely that the president used IEEPA for speed yet kept open the options to replace it with the option that would work best. The new studies will have been started much earlier in 2025 so that the president can introduce all his tariffs under new arrangements. Another aspect of this is that the president has negotiated Free Trade Agreements with most of the nations that are large trade partners from India, China, Vietnam, South Korea, Japan to UK, EU, Germany, France with the idea of boosting the US economy with tariffs of 10-15%. ...

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In Asia hardest hit are India for LPG gas used for cooking by most people in a country of 1.4 billion people. Australia is hardest hit for oil and gas with only a 32 day supply and Vietnam. Australia, Vietnam, Japan all three getting 90% of their oil supplies from the Middle East, an untenable situation. These three need to diversify out of the Middle East for their oil supplies. India has the option (now supported by the USA in a 180 degree U turn during the Iran War) of getting supplies from Russia for oil and gas with its good relationship with Russia. Japan has managed Middle East supply by keeping over 254 days of inventory but this looks to be very risky as Germany learned from its dependence on Russian oil which went in the wrong direction under Merkel. Japan has released about 18% of its total reserve amount of the 254 days inventory (146 days in national reserves and 101 days in private mandated reserves). It uses 3.14 million barrels a day in 2026 down from 5.8 million barrels a day in 1996, using about half today through conservation and using renewable energy showing the potential for the US and Europe. ...