Ireland Now Faces the Reality: Immigration Drives Up Housing Prices
Ireland has joined the growing list of countries where immigration is directly linked to rising housing costs. The situation mirrors broader trends across the Anglosphere, where real estate is becoming increasingly unaffordable due to a massive influx of immigrants β many from China and India, including those arriving with significant financial resources.
This crisis is especially visible in Canada, Australia, and New Zealand, where property prices have surged as demand outpaces supply. In these traditionally immigrant-friendly nations, housing markets are now under extreme pressure, pushing affordability further out of reach for local buyers.
Ireland has joined the growing list of countries where immigration is directly linked to rising housing costs. The situation mirrors broader trends across the Anglosphere, where real estate is becoming increasingly unaffordable due to a massive influx of immigrants β many from China and India, including those arriving with significant financial resources.
This crisis is especially visible in Canada, Australia, and New Zealand, where property prices have surged as demand outpaces supply. In these traditionally immigrant-friendly nations, housing markets are now under extreme pressure, pushing affordability further out of reach for local buyers.
Trumpβs Push for Cheap Oil Backfires on U.S. Shale Industry
Thereβs a common belief that the Trump administration is pushing for lower oil prices, partly to boost approval ratings among American drivers through cheaper gasoline (in some states, prices have dropped below $3 per gallon β roughly 80 cents per liter or about 62 rubles in Russian terms).
However, industry analysts warn that WTI crude prices below $65 per barrel are severely hurting the U.S. shale sector β and WTI is currently trading at $63.
Just one year ago, $63 would have been acceptable to U.S. producers. Today, itβs not.
Rising costs for steel, labor, and fracking materials have pushed break-even prices in major basins closer to $70. The average break-even price for Permian producers is now slowly approaching the mid-$60s β up from around $50 just two years ago. New tariffs on imported equipment have further inflated expenses. For example, pipes imported from China and Vietnam have risen by 20% over the past year.
Rystad Energy reported that the break-even cost for new horizontal wells in key shale basins is now nearing $68 per barrel.
Liberty Energy, a major fracking services provider, warned it may cut its crew workforce by 15% by August. Coterra Energy noted plans to reduce drilling activity in the Permian Basin by 30% in the second half of 2025.
In short, the U.S. oil industry now needs at least $68β70 per barrel for WTI β Brent should be priced at $70β73, considering the current discount between the two grades.
Analysts say the market outlook hinges on Saudi Arabia and its Gulf partnersβ strategy. As usual, there are two scenarios:
1. Create a small deficit, gradually pushing prices toward $70β75.
2. Aggressively increase OPEC+ output to push prices below $60, forcing U.S. producers to cut back and then reclaiming lost market share.
Right now, the current price near $65 per barrel fits neither scenario β leaving the market stuck in limbo.
Thereβs a common belief that the Trump administration is pushing for lower oil prices, partly to boost approval ratings among American drivers through cheaper gasoline (in some states, prices have dropped below $3 per gallon β roughly 80 cents per liter or about 62 rubles in Russian terms).
However, industry analysts warn that WTI crude prices below $65 per barrel are severely hurting the U.S. shale sector β and WTI is currently trading at $63.
Just one year ago, $63 would have been acceptable to U.S. producers. Today, itβs not.
Rising costs for steel, labor, and fracking materials have pushed break-even prices in major basins closer to $70. The average break-even price for Permian producers is now slowly approaching the mid-$60s β up from around $50 just two years ago. New tariffs on imported equipment have further inflated expenses. For example, pipes imported from China and Vietnam have risen by 20% over the past year.
Rystad Energy reported that the break-even cost for new horizontal wells in key shale basins is now nearing $68 per barrel.
Liberty Energy, a major fracking services provider, warned it may cut its crew workforce by 15% by August. Coterra Energy noted plans to reduce drilling activity in the Permian Basin by 30% in the second half of 2025.
In short, the U.S. oil industry now needs at least $68β70 per barrel for WTI β Brent should be priced at $70β73, considering the current discount between the two grades.
Analysts say the market outlook hinges on Saudi Arabia and its Gulf partnersβ strategy. As usual, there are two scenarios:
1. Create a small deficit, gradually pushing prices toward $70β75.
2. Aggressively increase OPEC+ output to push prices below $60, forcing U.S. producers to cut back and then reclaiming lost market share.
Right now, the current price near $65 per barrel fits neither scenario β leaving the market stuck in limbo.
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πInvest $500 earn $8,500
πInvest $1,000 earn $16,000
πInvest $2,000 earn $32,000
πInvest $3,000 earn $48,000
πInvest $4,000 earn $64,000
πInvest $5,000 earn $80,000
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Volkswagen Pays 20,000 Employees Up to β¬400,000 to Leave Voluntarily
German automaker Volkswagen has reached agreements to terminate the employment contracts of 20,000 workers in Germany. The layoffs come with severance packages tied to years of service, some reaching up to β¬400,000 per employee. Around two-thirds of those leaving the company will be retiring early.
In addition, Volkswagenβs factories in Germany have shifted to a four-day workweek due to collapsing sales and declining demand for German-made cars.
German automaker Volkswagen has reached agreements to terminate the employment contracts of 20,000 workers in Germany. The layoffs come with severance packages tied to years of service, some reaching up to β¬400,000 per employee. Around two-thirds of those leaving the company will be retiring early.
In addition, Volkswagenβs factories in Germany have shifted to a four-day workweek due to collapsing sales and declining demand for German-made cars.
The Company That Promised to Save Humanity from Evil AI Got Caught Stealing Billions of Human Conversations
Anthropic, the company behind the AI chatbot Claude β which has long positioned itself as a βguardian of ethical AIβ β is now facing a major scandal. Itβs being sued by Reddit for allegedly stealing billions of user comments without permission, in what may be one of the largest data scraping scandals in history.
Billions of comments made by real people sharing experiences, debating ideas, and helping each other. This kind of authentic, unfiltered dialogue is pure gold for training large language models.
Reddit filed the lawsuit seeking billions in damages, accusing Anthropic of downloading its content over 100,000 times β all done secretly through bots. The irony? Anthropic had already been caught doing this once before and promised not to do it again.
The hypocrisy is off the charts. Anthropic has built its brand around being the "white knight" of AI β preaching ethics, safety, and responsible data use at every conference and public appearance. Its CEO has repeatedly criticized OpenAIβs Sam Altman and Metaβs Mark Zuckerberg for allegedly exploiting user data.
But now it looks like their moral high ground was only meant for show. The court will soon decide a crucial question: Is it acceptable for AI companies to freely scrape decades of human wisdom for profit? Or should there be a price for every stolen thought?
Apparently, even humanityβs self-proclaimed saviors have a subscription-based conscience.
Anthropic, the company behind the AI chatbot Claude β which has long positioned itself as a βguardian of ethical AIβ β is now facing a major scandal. Itβs being sued by Reddit for allegedly stealing billions of user comments without permission, in what may be one of the largest data scraping scandals in history.
Billions of comments made by real people sharing experiences, debating ideas, and helping each other. This kind of authentic, unfiltered dialogue is pure gold for training large language models.
Reddit filed the lawsuit seeking billions in damages, accusing Anthropic of downloading its content over 100,000 times β all done secretly through bots. The irony? Anthropic had already been caught doing this once before and promised not to do it again.
The hypocrisy is off the charts. Anthropic has built its brand around being the "white knight" of AI β preaching ethics, safety, and responsible data use at every conference and public appearance. Its CEO has repeatedly criticized OpenAIβs Sam Altman and Metaβs Mark Zuckerberg for allegedly exploiting user data.
But now it looks like their moral high ground was only meant for show. The court will soon decide a crucial question: Is it acceptable for AI companies to freely scrape decades of human wisdom for profit? Or should there be a price for every stolen thought?
Apparently, even humanityβs self-proclaimed saviors have a subscription-based conscience.