Never too big to fail us

This week Phil challenges Steve on how the futures market handles terminal risk, pointing out that oil prices slope downward over time simply because traders blindly assume the Strait of Hormuz will reopen. Steve agrees and tears into the financial sector, explaining that modern ...  Show more

This week Phil and Steve dismantle the structural shift of the global economy toward a permanent state of debt dependence. Following a critique of Steve’s recent debate on the Piers Morgan show and a revisit to last week’s discussion on th link between energy and productivity, th ...  Show more

In April, Spain suffered a nationwide blackout that lasted nearly a full day. It was a traumatic event for one of Europe’s fastest adopters of solar power, tripling capacity in just five years. The outage sparked a big question: Was solar to blame? And what will it take to avoid ...  Show more

How do we cope when the tech we rely on stops working? This week we look at different types of blackouts . We explore the Bangladesh internet shutdown, which affected up to 170 million people for 10 days. We turn to South Africa, which experienced 15 years of daily power outages ...  Show more

You might be glad to know today was not all about OpenAI. Instead, we took on a bunch of news from the weekend that had to do with other companies: It’s a big earnings week for software companies, which means we’re about to get a bushel of information on how things are shaping u ...  Show more

Hydrogen has been called the Swiss Army knife of energy, because it has so many potential applications, from home heating to heavy industry. But so far, deployment around the world has been slow. And in recent months there has been a series of setbacks for plans to use clean h ...