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Degens Deteriorating
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With the U.S. oil reserve at a 43-year low, the Energy Department now claims it can drain FAR deeper than the industry ever assumed.

-A DOE spokesperson tells MarketWatch the SPR's true operational floor, set by "cavern mechanics," is roughly 70 million barrels, far below the 250-300 million the oil industry has treated as the practical limit

-By that math, officials say about 246 million barrels remain available for emergencies

-The reserve has shed more than 104 MILLION barrels since the war began in late February, falling 5.1 million last week alone to 311.4 million, the lowest since 1983, as Washington releases crude to offset Hormuz losses

-The counterweight is the government's own audit: a July GAO report found the SPR can only draw down at 61% of its intended rate and refill at 56% of design after a delayed $1.4 billion overhaul, warning "the SPR's operational capability to meet mission demands is at risk"

The redefinition arrives exactly when the old definition became a problem.

Wall Street's alarm is priced on the industry's floor, and the government's answer is to move the floor, tripling the theoretical emergency cushion by press statement.

But the GAO numbers cut the other way: whatever the caverns theoretically hold, the pumps move it at barely half design speed.

A reserve draining 5 million barrels a week, refilling at 56% capacity, backstopping a strait running three ships a day, is the actual math under $4 gas.

The floor matters less than the flow.

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Trump: "Effective August 1st, 2026, all Generic Drugs being brought into the United States will continue to have a TARIFF of ZERO PERCENT for a two year period of time, after which the TARIFF will be raised to 100% for a one year period of time, and 200% thereafter."

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Fighting with thieves (pickpockets) in Rome, Italy.

A group of foreign YouTubers clashed with an alleged gang of pickpockets. The situation quickly escalated into a violent brawl between passengers, during which pepper spray was used, which caused panic among passengers.

Pepper spray in a subway car, that is a smart move..

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To people against BIP 110

can you help me understand why someone running a bitcoin node should have to download 1.46 GB of data for 10,000 monkey pictures?

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NOW: Bronx River Parkway is turning into a river, Fully Flooded and cars seen submerged under water

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BREAKING: Trump says he will be imposing a 100% tariff on generic drugs being brought into the US beginning August 2028.

This tariff will increase to 200% beginning in August 2029.

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The missing American soldier in Jordan is believed dead, and the Pentagon has named him: Sgt. Angel S. Rampersad, 28, of Ozone Park, New York.

-The Pentagon says Rampersad is "believed to have been killed in action on July 17, 2026, during an enemy attack at Muwaffaq Salti Air Base," days after CENTCOM listed him as missing, with the incident under investigation

-He served with the 1st Battalion, 57th Air Defense Artillery Regiment out of Ansbach, Germany, the same air defense community as the two soldiers killed beside him: Sgt. Tyler James Feehan, 25, of Hawaii, and Pfc. Isabella Gonzales, 19, of Texas

-All three were air defenders, killed by the ballistic missile their branch exists to stop, when the salvo beat the interceptors and found their housing units

-The war's total U.S. service member death toll now stands at 18

The war's most painful open question closed in the worst direction.

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