We know what’s coming and we are prepared.
⚓️ 🇺🇸 🇨🇳 2023 EOY review of commissioned surface combatants by both numbers & tonnage of USN vs. PLA/N.
🔶️ The USN numbers in the past 5 years are 2/3 LCS. Based on decommissioning rate of LCS, some of these won't be in the 2024 EOY review
🔶️ Avg age of surface combatants still in commission by year, USN v. PLA/N. We're twice as old.
🔶️ PLA/N has built nearly 3x the number of USN surface combatants in the past decade.
🔶️ Population pyramid of the two fleet's surface combatants by year commissioned (of those that haven't been decommissioned)
🔶️ Total tonnage of USN Surface Combatants commissioned 1987-2023 by class (still active)
🔶️ This will look worse next year as more CGs and LCSs are decommissioned.
🔶️ Total tonnage of PLA/N commissioned surface combatants since 1987, still in commission.
🔶️ Comparative tonnage of surface combatants commissioned since 1985 that are still active.
🔶️ Comparative total tonnage of commissioned surface combatants since 1985, still active.
🔶️ comparative of total tonnes of surface combatants commissioned in past 10 years that are still active.
📎 Claude Berube
🇺🇸🛢 US oil inventory model excluding SPR fair value showed ~$95/bbl WTI last week.
This week’s commercial oil inventory draw excluding propane/propylene is 8-9million bbls.
It would put fair value at $98-$99.
By the end of July, another 65-70 million bbls will be gone.
🔗 HFI Research
❄️🌊 Mysterious ‘cold blob’ in the Atlantic suggests the AMOC is weakening
A patch of ocean south-east of Greenland is the only place on Earth that is cooling, and it could be a sign that the warm water "conveyor belt" in the Atlantic is slowing down
Over the past 150 years, Earth’s entire surface has been warming, except for one patch of the north Atlantic. Located south-east of Greenland, this area has cooled by as much as 1°C and is known as the “warming hole” or the “cold blob”.
Scientists have been split over why this cold blob exists, but the latest evidence backs up the idea that it is caused by a weakening of the Atlantic Meridional Overturning Circulation (AMOC), the system of currents that transports warmth from the tropics to Europe.
The AMOC carries warm, salty water from the Gulf of Mexico towards the north Atlantic, where it cools and sinks, flowing back south along the ocean floor. Scientists are concerned that the surge of freshwater from Greenland’s ...
🇮🇷🇮🇷❌🇮🇱🇺🇸🌞- Summary of today's events in Israel, Iran, Lebanon, and Iraq:
➡️ Earlier today, Israel struck an apartment building in Dahieh, southern Beirut, despite Iranian threats of retaliation on northern Israel if they carried out such attacks. At least 2 people were killed.
➡️ In response, Iran carried out their threat and attacked northern Israel with at least 26 ballistic missiles and multiple drones. At least 2 impacts were confirmed near Tiberias and southwest Haifa, along with 3 impacts allegedly of debris in other areas of northern Israel.
➡️ Missiles were launched from Kermanshah (5), Tabriz (3), Urmia (2), Isfahan (7), Kashan (3), Qom (3), and Andimeshk (3), all towards northern Israel.
➡️ After the attack, Israeli officials are pushing for a response; Donald Trump and Israeli PM Netanyahu spoke on the phone, where according to Israeli media, Netanyahu "Kind of agreed" not to retaliate.
➡️ A U.S. Army MQ-1C "Gray Eagle" ...
