📝 Lomez on X:
"Zoomers are the first cohort to be fully immersed in the reality of generational downward mobility. While millenials will also earn less than their parents, they were formed under the expectations of America ascending to a kind of Post-History stasis where at worst their status and wealth was permanently locked in.
Zoomers have none of these illusions and rightfully reject the obsolete and facile narratives they’re expected to swallow and obey to make sense of their lives and ambitions. Those are dead narratives. They do not reflect reality at all. They do not reflect the deranged cultural and political circumstances they’re expected to navigate from a position of negative expected value for pretty much any career path outside of genius tech outlier.
Scolding them is a stupid and pointless exercise that will only drive them further into despair and resentment.
Yes. Don’t be resentful. Don’t give in to despair. Be resourceful and lay a claim on your own life. But it’s also going to require offering Zoomers much better and updated narratives and opportunities for how to accrue status and wealth and the basic conditions for living a dignified life for the average guy who is not an outlier tech genius.
There are short, medium, and long term fixes for this. Some straightforwardly political. Some more complex cultural questions. But the implicit promise of boomer America, even Gen X America, is no longer viable, and that broken promise has absolutely nothing to do with Zoomers themselves."
📎 Lomez
MASSIVE 110-MILE-WIDE RINGS JUST APPEARED OVER OKLAHOMA
For nearly three hours, something unusual was showing up over Oklahoma.
Not in one location.
Not on a small scale.
These circular pulses stretched more than 110 miles wide and appeared repeatedly as storms developed across the state.
The rings were so large they could be seen spanning huge sections of Oklahoma at a time.
Perfect circles.
Expanding bands.
🛢 Cushing stocks drop below 19 million barrels, at tank bottoms and lowest since 2014
🔗 Zerohedge
🛢 Crude -6.088MM, Exp. -3.6MM
Gasoline +2.064MM
Distillates +3.064MM
Cushing -1.077MM
Production +13kb/d to 13.819MM
SPR drops 9.1MM barrels to 331.2MM, lowest since 1983
🔗 Zerohedge
🇺🇦⚔️🇷🇺 Russia’s Gasoline Crunch Spreads After Refinery Attacks
Russia’s gasoline crunch is worsening, with at least two-thirds of the country’s regions introducing fuel rationing or suffering supply disruptions following relentless Ukrainian drone attacks on refineries.
On an almost daily basis, regional governors from areas bordering Ukraine to the Amur region near China are being forced to limit sales at filling stations and to try to deter panic buying. The scale of disruptions vary across Russia, but are intensifying and risk getting even worse if drone strikes increase.
Kiev targeted the oil-processing sector in recent months to curb fuel supplies and bring “the war home to Russia.” That has halted operations at several key refineries, pushed up pump prices for drivers, and even led to Russia banning jet fuel exports. On Tuesday, the government said it’s considering a full ban on diesel sales overseas. The inflationary impact could also be a further worry for the ...