We know what’s coming and we are prepared.
🇺🇸📚 Why college freshmen are heading south
This shift, it goes without saying, can’t be explained by a single new pool, even one as magical as LSU’s lazy river. Even so, the new waterway does speak to a fundamental shift in how young people conceive of what college involves. The diploma, increasingly, is a product, and colleges sell experiences, credentials — and joy. And if that offers vast opportunities for “football schools” like LSU, with their sororities and their laidback Southern charm, their more po-faced Northern cousins look set to suffer, especially if they continue to dismiss the white middle classes that used to fill their halls.
Another piece of the puzzle here is comparing how universities on either side of the Mason-Dixon Line have dealt with DEI. Right across the North, students were forced to listen to fatuous lectures on white supremacy and anti-racism. They were told to read Robin DiAngelo and Ta-Nehisi Coates. They were told to “do better” and to “do the work” and to “be a good ally”. These students were told, in short, that they were the problem, no matter what they had individually done. The privilege they enjoyed was systemic, wicked, total. Talking with several of my former students, they describe “cultural bingo” games designed to raise “awareness”. As one of my more thick-skinned former students put it: “Starting off the year being among the worst of the worst was pretty hilarious.”
Generally speaking, the South avoided such manias, even pushing back in law. In 2022, for instance, Governor Ron DeSantis signed a bill banning DEI across all public Florida colleges. It’s a cultural fork in the road that endures to this day. While many prestigious Northern schools featured tarp-blue “tent cities” in support of Palestinians last year, their Southern counterparts were too busy with the college football season. That’s exactly the kind of “experience” many kids dream of, with their circus-like atmosphere and kegs. Having the former, at any rate, codes weird and alienating — while the latter codes normal.
https://unherd.com/2025/02/why-college-freshmen-are-heading-south/
🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇨🇳🛢 How much strategic oil does the world actually have in reserve?
Global strategic crude oil inventories stood at ~2.5 BILLION barrels as of December 2025, according to the US Energy Information Administration.
China holds by far the largest stockpile at 1,397 million barrels, more than 3 times the US Strategic Petroleum Reserve of 413 million barrels, which itself sits at only 58% of its full storage capacity of 714 million barrels.
China added an average of 1.1 million barrels per day to its strategic inventories throughout 2025, with preliminary data suggesting it continued building stockpiles in early 2026 ahead of the Iran War.
Japan holds the 3rd-largest reserve at 263 million barrels, followed by OECD European countries at 179 million barrels.
Meanwhile, the US is releasing 172 million barrels from its Strategic Petroleum Reserve to suppress oil prices, part of a broader 400 million barrel coordinated release agreed by 32 IEA member nations in March.
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🛢 JP Morgan Warns Oil Market Out of Balance, Prices Must Rise
🔸The closure of the Strait of Hormuz, through which roughly 20% of the world’s oil flows, has removed 13.7 million barrels per day from global supply in April alone. A JP Morgan research note warns the market has no good way to replace it.
🔸Normally, spare production capacity in Saudi Arabia and the UAE acts as the market’s shock absorber. But that buffer has effectively been removed, eliminating the system’s first line of defense.
🔸With spare capacity unavailable, markets turned to inventories
➤ Global stockpiles are now being drained at ~7.1 mbd in April, an extraordinary pace, according to the note.
🔸Meanwhile, demand is collapsing because supply simply isn’t reaching users — “forced demand destruction.”The hardest hit sectors include:
▪️ Petrochemical plants across Asia are shutting down or slashing output as LPG, ethane, and naphtha flows from the Gulf collapse
▪️ Airline jet fuel ...
🛢⛽️ Global oil inventories are heading toward RECORD LOWS:
Global visible oil inventories have fallen -255 million barrels since the start of the conflict on February 27, to 7,864 million barrels.
Total estimated oil draws, including non-OECD refined products storage, have accelerated to 10.9 million barrels per day in April, the largest monthly draws on record since 2017.
Cumulative estimated draws since the start of the war now stand at 474 million barrels, with Hormuz flows holding at ~10% of normal, or 2.0 million barrels per day.
Meanwhile, even in an optimistic scenario where Strait of Hormuz flows begin recovering by late April, it is unlikely to prevent global visible inventories from reaching all-time lows, according to Goldman Sachs.
As inventories keep falling, physical oil markets are likely to require sharply higher prices for immediate delivery, since buyers cannot wait months for cheaper futures delivery when stocks are running critically low.
Goldman also warns...
