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Pleased to announce 10 top teams will compete in Laguna Beach BEST IN THE WEST. APRIL 4-6
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Blair Applegate retweeted
DEVELOPING: #NorteFire has burned more than 450 acres in #sanjuancapistrano ... at least 5 homes have been lost #orangecountycalifornia
Blair Applegate retweeted
In case anyone is wondering like me, these are the beginning stages of the #NorteFire
Everything you see in this video is now burned down
RIP my favorite MTB trails 💔
Blair Applegate retweeted
Replying to @CommodMkt @jam_croissant
The $86 price on 2027 WTI is arguably more consequential than whatever happens to front-month crude tomorrow.
Think about what happens to corporate capital allocation when the entire expected cost of energy shifts higher.
An oil producer can hedge future production at more attractive prices, improving project economics and potentially unlocking financing. An airline, chemical manufacturer, or logistics company faces the opposite problem: higher forward input costs, tighter expected margins, and greater pressure to pass those costs downstream.
The implications extend to inflation expectations, corporate earnings revisions, and ultimately the discount rates applied to long-duration assets.
There is also a crucial distinction between a spot supply shock and a repricing of deferred barrels. The latter changes the economics of investment decisions being made today for cash flows years into the future.
One thing I’d watch closely is the calendar spread. A rising 2027 contract alongside a flattening backwardation structure would tell a very different story from an outright rally driven by increasingly severe near-term scarcity.
The forward curve is where an energy shock starts becoming a capital allocation problem.
Blair Applegate retweeted
The macro repricing of energy is now underway. Check out today's move in long dated oil - that's calendar 2027 WTI. When long dated oil moves this strongly in tandem with energy equities making new ATHs, financial markets need to listen. This is not a transient spike in prompt oil. It's far more structural. Get long, buckle your seat belt, and hang on for the ride.
Blair Applegate retweeted
When the US Navy fired its biggest guns in the Second World War, the gunpowder went into the breech in a bag of pure silk, and nothing invented since has been allowed to replace it.
A battleship's 16-inch gun does not use a brass cartridge. The shell goes in first, and behind it the crew load several bags of powder, each the size of a sack of flour. The bag has one job. It must hold the charge together until the moment of firing and then disappear entirely, leaving nothing behind in the barrel.
Any scrap that survives the blast is a smouldering ember in a chamber about to receive the next charge. A fragment of cloth left in the breech has killed gun crews.
Silk burns clean. It is a protein, like hair, and in the flash of the charge it turns to a puff of ash and gas and is gone. Nothing else did that. Cotton left residue. The new nylon melted into a sticky bead that stayed in the chamber.
So in 1941, when Japan cut off the silk, the Navy claimed every ounce in the country for its powder bags and parachutes, and silk stockings vanished from the shops overnight. When the women of America handed in their old stockings in the great collection drives of 1942, the silk ones went to the fleet to be sewn into powder bags.
The battleships are museums now. But the guns on today's warships still fire charges in bags, and the bag is still spun by a caterpillar, because 80 years of chemistry has not produced a fabric that burns to nothing.
The same fibre that could not be trusted to hold a plastic bead in a gun barrel is the one that was melting into sailors' skin on the Sheffield. The Navy had the answer in its own magazine.
Blair Applegate retweeted
Dodgers Announce Purchase Of Milwaukee Brewers buff.ly/jsFEx7V
Blair Applegate retweeted
In 1893 a Norwegian scientist deliberately froze his ship into the Arctic ice, let it drift for three years, and lost not a single man to scurvy or anything else. Then he walked off it and spent nine months in a hole in the ground eating bear.
Fridtjof Nansen was thirty-two, a zoologist with a doctorate on the nervous system of a worm. His theory was that the polar current would carry a ship across the top of the world if the ship was built not to be crushed. He built one. He called it the Fram, took twelve men, and sailed into the pack.
For three years they lived in the dark and the cold with no fresh food arriving from anywhere. On every previous expedition that had meant scurvy, the disease that had killed more sailors than the sea. Nansen's crew had none. They shot polar bear and seal, and ate the meat fresh and barely cooked, as the Inuit did. The doctor on board had almost nothing to do.
In 1895 Nansen and one companion left the ship on skis to make for the Pole. They got further north than any human had been, turned back, and were caught by winter on an empty island. They built a hut of stones and walrus hide, and for nine months they ate bear meat and walrus blubber and nothing else. No vegetable, no grain, no fruit. They came out in the spring fatter than they went in.
Then they walked home.
Nansen went on to win the Nobel Peace Prize, and lived to 68.
Every schoolchild is taught that a diet without vegetables will rot you from the inside. Two men spent a winter underground on nothing but fat and meat and came out fit to walk across the Arctic, and that was 130 years ago.
Blair Applegate retweeted
BREAKING: Ansarallah have struck the Saudi-backed Presidential Palace in Aden, southern Yemen, with ballistic missiles.
Blair Applegate retweeted
Price changes over last year (September CPI report)
Fuel Oil: +74.0%
Gasoline: +34.2%
Gas Utilities: +5.0%
Electricity: +4.4%
Overall CPI: +3.7%
Food away from home: +3.5%
Apparel: +3.4%
Shelter: +3.2%
Transportation: +2.7%
Medical Care: +2.5%
Food at home: +1.8%
New Cars: +0.6%
Used Cars: -1.5%
Blair Applegate retweeted
🇺🇸🇸🇦 The hacked supertanker that lost its engines off Texas was carrying oil for Saudi Aramco's American refinery
Bloomberg customs data shows about half the 2 million barrels on the VL Prosperity were bought by Motiva, Aramco's wholly owned Port Arthur refinery and one of the biggest in the country.
The tanker loaded at Egypt's Sidi Kerir, routed through Gibraltar because Hormuz is a war zone, and was hit in early August.
Coast Guard and FBI cyber teams boarded in the Atlantic on Aug. 21 and spent four days aboard, and investigators determined the hackers reached the propulsion system.
Iran's IRGC-tied Mehr News broke the story on Aug. 20, weeks before Washington confirmed anything, describing how the attackers cut engine cooling, raised engine speed and tampered with fuel systems during a 30-hour blackout.
Tasnim followed with "No American vessel is safe anymore."
Attributing it to "unnamed crew" while publishing the playbook is how Tehran takes credit without signing its name, and US investigators are focused on Iran-linked hackers.
A second Texas-bound tanker, the LPG carrier Kohaku, was boarded three days later over a related attack, and nearly 20 ships are now under watch.
Two months on, the Houthis are hitting Aramco in Dhahran while Iran shows it can reach Aramco's cargo on the way to Texas.
Source: Bloomberg, CBS News / Writer: Daniel
Blair Applegate retweeted
A Broncos-Chargers late slot game from San Diego was seemingly always the realm for NBC Sports legend Charlie Jones during the 1980s.
Here, Charlie and Jimmy Cefalo break down the quarterback matchup between Hall of Famers John Elway and Dan Fouts in 1987.
Blair Applegate retweeted
The jacket that kept the pilots of the Battle of Britain alive was designed by a Hollywood stuntman, and it was a sheep turned inside out.
Leslie Irvin grew up in Los Angeles jumping out of balloons for the cameras. In 1919 he became the first man to leap from an aeroplane and open a parachute by hand in free fall. He broke his ankle on landing and started a company on the strength of it. In 1926 he opened a factory in Letchworth, in Hertfordshire.
His parachutes were silk. Anyone whose life was saved by one was sent a small gold pin in the shape of a caterpillar, after the creature that had spun the canopy.
Then he turned to the other thing that was killing airmen. Aircraft were climbing higher every year, and the cockpits had no heating. At 30,000 feet it is 45 degrees below zero. A pilot's hands stopped working. He could not think.
Irvin's answer was approved by the Air Ministry in 1932. Whole sheepskins, the fleece left on and turned inwards, the leather out to the wind. He insisted on the most supple skins, because a man in a Spitfire can barely move his shoulders as it is.
In the summer of 1940 that jacket was hanging on a hook at every fighter station in the south of England. The bell went, the pilot pulled it on and ran. Twenty minutes later he was five miles up with no heater, fighting for his country in a sheep.
By 1945 more than 34,000 airmen were wearing the caterpillar pin.
So the Few went up wrapped in a fleece and came down under a silkworm. The Spitfire gets the statues.
Blair Applegate retweeted
🚨 THE WORLD IS RUNNING OUT OF SHIPS TO TRANSPORT OIL.
JPMorgan warns that the global oil market is facing another major supply shock, but this time the problem isn't a shortage of oil.
It's a shortage of tankers needed to transport it.
Oil flows through the Strait of Hormuz jumped from 7.5 million to 12 million barrels per day in September, putting massive pressure on the global tanker fleet.
Of the world's 923 supertankers, 766 are already in use, while another 124 Iranian tankers remain largely unavailable due to US sanctions.
And the situation is getting worse.
Longer shipping routes, delays and rising demand mean even more tankers are needed to transport the same amount of oil.
The Middle East alone now needs 35 additional supertankers compared with the 2025 average.
And this shortage is starting to affect shipping markets far beyond the Middle East.
The biggest concern is that oil could become much more expensive to transport, even if there is enough crude available.
If shipping costs keep rising, fuel prices and inflation worldwide could come under even more pressure.
Blair Applegate retweeted
BREAKING: New onboard footage shows the oil tanker that hit an Iranian naval mine earlier today off the UAE coast during the fire. It's a VLCC carrying 2 million barrels of Saudi crude oil.





























