not the monty python....



In last week's heatwave, wind and solar generation were excellent, as they typically are on extreme demand days - certainly doing more than just 'fuel saving'.

The first stage of Australia's biggest battery has commenced commercial operations, in the shadow of the country's biggest coal generator.
The fourth wind farm to reach financial close in a late 2025 flurry of activity will feature the most powerful turbines to be installed in Australia to date.
The US military intervention in Venezuela to kidnap President Maduro was a gross violation of the UN Charter. Nothing justifies this blatant flouting of international law. The arguments given by the US to justify its aggression do not stand up to scrutiny.

Donald Trump’s anarcho-imperialism has given DXY a new leg as snowflake EUR melts in the new world order. AUD is at critical support. CNY is still supportive. Gold is unstoppable. Oil trying again. Metals did better, but DXY up means they are going down. EM too. Junk rejection. US curve keeps steepening. Stocks liked weak
Dancing, dancing, dancing! There is no stopping the iron-ore-crazy man. Except for one small problem. Steel mill margins are being obliterated. These developments will weaken the start of 2026 steel production, especially because steel product inventories are higher than last year. And there is another problem. The iron-ore-crazy man is dancing on top of the