Michael Dance

@RachelReevesMP 😂 😂 😂 😂 😂 😂 Not unless you do so about energy prices

Unfortunately, Miliband hasn’t managed to grasp this yet

@TrisOsborneMP So what's the plan when there's no wind?

Every kWh generated by renewables means less use of gas and fossil fuels. The transition to a more energy secure future must be a priority if we are to reduce price / market volatility.

@amlivemon 👍

Geopolitics in 60 seconds

@TerryMac999 @DaleVince The UK has the highest energy prices because the cost of subsidising renewables, paying for backup capacity, balancing an intermittent grid, and transmitting power long distances is loaded directly into the unit price every consumer pays

@MichaelGDance @DaleVince So you explain why the countries with no indigenous fossil fuels have the lowest energy prices.

Ratcliffe is incoherent - all of the oil and gas we produce here in Britain is sold at the global market price. No amount of oil produced here can in that case save us a single penny. Importing fossil fuels does not mean we pay more. Drilling in the north sea will take years to deliver globally priced fossil fuels and Rosebank will cost nearly £3 Bn in tax payer subsidies to it’s Norwegian owners - and….none of the oil will land here in Britain. So what sense is Ratcliffe making here, other than to shareholders in Rosebank and other oil companies. This is another fossil fuel crisis and we can’t solve it or help ourselves at all - by pouring more oil onto it. telegraph.co.uk/business/2026/…

@markfny @Albertagarbage Please mark

I've seen some really terrible takes about the fertilizer markets, and I decided to put together a quick report for it. Reach out if you'd like a copy

@s8mb Sad to see this once great institution brought so low & by the Tories (no excuse they are meant to understand how markets work).

@s8mb And we wonder why it’s in steep decline

Publicly traded companies in Britain must have, or “explain to the regulator” why they do not have: - A minimum of 40% women on their board of directors - A woman CEO, chairman of the board, CFO and/or Senior Independent Director - A board member who is an ethnic minority Why is anybody confused about why so few companies want to list here and so few promising startups scale up here? Would you agree to put people in charge of your company on the basis of their sex or race in order to meet a diversity quota? These rules were brought in by the Conservative Party in 2022, BTW.

@amlivemon 💯 this also happened in the UK. Not easy to fix

The fundamental disconnect between the United States government and the public regarding the social contract lies in the transition from a "rule-of-law" framework to a "rule-of-experts" bureaucracy. This began with Obama, weaponized during Biden and not corrected by Trump. Historically, the American social contract was predicated on a set of stable, predictable rules that applied equally to all, allowing individuals to pursue their own interests within a known framework. However, the modern political class increasingly views the social contract not as a guarantee of process, but as a mandate for specific social outcomes. This shift empowers unelected officials to bypass the constitutional constraints that were originally intended to protect the citizenry from the whims of those in power. When the government treats the law as a flexible instrument for achieving "social justice" or economic engineering, it effectively discards the consent of the governed in favor of the visions of the anointed. This erosion of the traditional contract creates a profound sense of betrayal among the public, who find themselves subject to costs and consequences they never authorized. While the intelligentsia in Washington operates on the "constrained vision", believing they possess the superior knowledge to manage the lives of millions, the average citizen deals with the "unconstrained" reality of rising inflation, failing schools, and a legal system that often prioritizes the rights of those who break the law over those who abide by it. The disconnect is not merely a policy disagreement; it is a fundamental difference in how the two groups perceive the role of the state. For the public, the contract is broken when the government stops being a referee and starts trying to be the director of the play, especially when its direction leads to a series of predictable, yet unacknowledged, disasters.

@KathrynPorter26 Guarantee Ed was not one of them

I'm now at 3 MPs who have taken me up on my offer of a free personal seminar on how energy markets work My offer remains open to any MP, MSP or peer that wants this training It covers the physical gas and electricity markets... Upstream (production, generation), midstream (pipelines, wires, storage, trading) and downstream (retail) Who are the key players in each segment and how the physical properties of gas and electricity define the trading arrangements And of course, what goes into our bills!

@Architectolder But do believe Iranian regime have vast amounts of cash & assets in UK - maybe that explains Starmer’s “vacillations” in supporting US & Labour’s reliance on the Islamic vote?

This is the best political analysis on the web. Intelligently and carefully laid out so you can understand what is really going on. There is lots going on **

@Architectolder Enjoy your post by IMO you overestimate UK influence. I believe Lloyds stopped cover as it couldn’t price risk; historically UK/MI6 got intel via from US but that stopped since Labour won & anti US

@hkuppy Unless you can find a legal impediment eg the fraudulent conveyance in Lyondell (2008?) where I believe the PIK holders got most of their money back. BTW so did Phones4U in UK where the legacy mobile contacts meant the PIK did eventually get close to full recovery

Just curious, but when you have an 11% PIK, cov-lite bond on a corporate that’s 9x levered, who’s the logical buyer when there is forced selling?? Like can this go from 99 offered to 10 bid in a single trade…??

@thealepalombo @cryptoitalia_io Have cycled Lucca’s city walls twice. Fantastic

@cryptoitalia_io The idea of this list was to pick some "hidden cities" that are not on the radar of most people. I couldn't include Florence, Milan, Venice, and many others. :) Considering this criterion, which other city would you add to the list?

I'm Italian. I just got back from Rome. Over dinner, old friends and I started arguing about the same thing we always argue about: which cities in Italy are genuinely incredible but nobody ever talks about? We went back and forth for hours. By the end of the night, we had a list. 7 hidden cities that most people, including most Italians, will never think to visit, let alone move to. No crowds. No tourist markup. Insane quality of life. Thread 🧵

@realJeremyCarl 😂😂😂

Those of us who are Gen X and older will recognize Thomas Friedman is the Jim Cramer of Middle East political analysis. So this is an incredibly bullish signal that Trump has a pretty good idea of how to end the war with Iran.

@jonburkeUK Only when the wind blows ….. what happens on windless nights ????

The London Array is one of the world’s largest offshore wind farms. It generates enough electricity to power 584,000 British homes. Only clean, renewable energy can deliver true British energy sovereignty and free us from the ruinous influence of the fossil fuel industry.

@grey4626 Perhaps the best Sec of the Treasury in US history?

The most dangerous motherfucker in President Trump’s entire cabinet: Scott Kenneth Homer Bessent, our 79th Secretary of the Treasury. This absolute fucking savage is no political hack or talking head. He’s a Yale-honed global macro predator who spent years inside the belly of the Soros beast....Soros Fund Management, where he ran the London office and helped engineer the legendary Black Wednesday raid that cracked the Bank of England like an egg for a clean $1 billion profit in a single day. As CIO years later, he turned another $1.2 billion betting against the yen while the rest of the world blinked. The man doesn’t trade markets...he breaks them with surgical precision and ice-cold psychology. And now? He’s weaponized the U.S. Treasury itself. While the rest of the cabinet draws headlines, Bessent operates in the shadows where real power lives: the global dollar system, sanctions architecture, SWIFT chokeholds, and shadow-banking kill switches. This is financial warfare at the highest level...no boots, no bombs required at first strike. Just engineered dollar starvation, currency collapse, and the slow-motion psychological evisceration of an enemy’s elite. He learned reflexivity from Soros, then flipped the script for America First. He understands fear cascades, confidence evaporation, and how one well-placed macro strike turns street protests into regime-ending firestorms. Especially lethal to the Iranian regime. The ayatollahs are already tasting it. Bessent has orchestrated the maximum-pressure strangulation: sanctioning every layer of their oil smuggling networks, freezing their shadow banks, starving them of hard currency until the rial hemorrhages and the mullahs’ luxury villas start feeling the heat. He’s publicly owned the economic chaos... “dollar shortage, no shots fired”...while their ballistic dreams rust in the desert and their people take to the streets screaming for bread and freedom. This isn’t diplomacy. This is a hedge-fund assassin in a government suit, turning the Iranian economy into his personal short position. In a cabinet full of warriors and deal-makers, Bessent is the quiet apex predator...the one man who can collapse an adversary’s will without ever raising his voice above a whisper. He’s the lethal weapon Trump kept in the vault until the moment the regime needed to feel true, existential dread. George Soros trained the dragon. Trump unleashed him on America’s enemies. And right now, Tehran is learning the hard way what happens when a fucking savage who once broke empires decides your regime is next. 🗡️💀🗡️

@zriboua 🙏 Your insights and analysis are excellent

I just don’t think everything about the Middle East exclusively revolves around Israel. It’s a complicated region, a lot of intra-Arab competition and intra-Islamic rivalry, with on top another layer of great power competition given the geography, the resources, chokepoints, mastery of the Middle East has always been key for any aspiring power. Early 19th century Middle East gives a good perspective in that regard. That’s my working premise.

Magnificent.