The US Navy is burning through missiles in the Middle East that it would need in a war with China

“US Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats.
The Standard Missile-3 (SM-3), a key air-defense interceptor made by RTX and, for some variants, Mitsubishi Heavy Industries, was first used in combat in April to shield Israel from an unprecedented attack, and then it saw combat again in October when Iran attacked a second time. The weapons, which can cost between $10 million and almost $30 million depending on the variant, were fired by American destroyers in the area.

Navy leadership has said that it needs many more SM-3s to counter threats in the Pacific, like China, but it’s burning through these weapons in conflicts in the Middle East without sufficient plans to replace them.

Archer Macy, a retired Navy admiral, told Business Insider that the SM-3 is particularly important in a fight with China because the interceptor is designed to counter China’s “apparent preference for long-range theater weapons.””

https://www.yahoo.com/news/us-navy-burning-missiles-middle-080001046.html

BPEA Fall 2024 Session 6 – The Economics of Sanctions: From Theory Into Practice

Sanctions against Russia made their ability to wage war weaker than it otherwise would have been, but only had limited effectiveness due to poor execution and other powers not going along.

https://www.youtube.com/watch?v=74hq_0BLxf4

Defining Success: Does the U.S. Need an ‘End State’ for its China Policy?

The U.S. needs to pull together its different resources in different domains to successfully compete against China, including not just militarily, but taking an active diplomatic and economic role in Asia.

https://www.youtube.com/watch?v=1shff8rVn-k

China’s weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says

Surely, Trump won’t dishonestly take credit for this.

“The oil market could see a major supply glut in 2025 thanks to booming production from non-OPEC states like the US and sagging demand in China, according to the International Energy Agency.
The IEA said in its November Oil Market Report that the world’s oil market is on track for a one-million barrel-a-day surplus next year.

The excess is largely being driven by a weakening economy in China. Demand for oil in the world’s second-largest economy contracted for six straight months in a row as of September, IEA data shows. This accounted for the “main drag” on demand this year, the report said.

Meanwhile, the agency is predicting strong oil production among non-OPEC producers led by countries like US, Guyana, Argentina, and Brazil.

Altogether, non-OPEC producers are on track to expand oil production by 1.5 million barrels a day, it estimated. That amount is more than the agency’s forecast for world oil consumption to grow by 990,000 barrels a day next year.”

“The US has become the largest oil producer in the world, pumping out more crude than any other country in history for the last six years in a row, according to the US Energy Information Administration. Domestic production hit a record 13.4 million barrels a day in August, according to data from the Energy Information Administration.”

https://www.yahoo.com/finance/news/chinas-weak-economy-record-us-042533492.html

UN officials plan to charm Stefanik

“Stefanik is a onetime moderate Republican who has transformed herself into a pro-Trump loyalist. She stood up for Trump relentlessly when he faced impeachment.”

https://www.politico.com/news/2024/11/11/un-officials-charm-stefanik-trump-00188868

Robert Reich Is Wrong About Billionaires—and Almost Everything Else

“Capitalists create new wealth. They don’t take a big slice of the pie and leave us a sliver. If they get rich, it’s because they find ways to bake lots of new pies.
That’s what’s happened in America. Its why today, even poor Americans have access to things European kings only dreamed about.

Capitalists can get rich only by making all of us better off.

Actual economist Dan Mitchell explains, “Billionaires only kept 2.2 percent of the additional wealth they generated….The rest of us captured almost 98 percent of the benefits.””

https://reason.com/2024/09/25/robert-reich-is-wrong-about-billionaires-and-almost-everything-else/

North American Energy Preeminence Forum

In a series of panels about promoting North American gas, oil, and uranium energy in ways that will boost the economy and make North America strong and independent vis-a-vis world challenges, people are worried about the effects of Trump’s proposed tariffs which will hurt both countries’ economies and make energy more costly.

https://www.youtube.com/watch?v=xkoFy1itP9I

Russia’s campaign against the West is getting more aggressive

“Two days before the election, the Wall Street Journal reported that Western security services believed two incendiary devices seized on board planes in Europe over the summer were a test run for a Russian operation to start fires on US-bound planes. The devices detonated without injuries at logistics hubs in Germany and the UK, but the head of Poland’s intelligence agency said, “I’m not sure the political leaders of Russia are aware of the consequences if one of these packages exploded, causing a mass casualty event.” The Russian government has denied involvement.”

“Russian leaders reacted with open jubilation to Trump’s victory in 2016 but were largely disappointed with his administration, which, for all his kind words for Putin, also saw a raft of new sanctions against Moscow and the sale of anti-tank weapons to Ukraine.
Moscow is being much more cautious this time around. In a statement Wednesday responding to Trump’s victory, the Russian foreign ministry credited him with countering the “globalist” course of America’s current administration. It also added, “We have no illusions about the president-elect, who is well known in Russia … the US ruling political elite adheres to anti-Russia principles and the policy of ‘containing Moscow.’ This line does not depend on changes in America’s domestic political barometer.”

One of the risks of engaging in gray zone tactics is that you can’t always be sure how your opponent will react, and it’s difficult to know when a red line is finally crossed. Trump, for one, has prided himself on his unpredictability. Like everyone else after what happened on Tuesday, Putin is likely waiting to see what comes next.”

https://www.vox.com/world-politics/383330/russia-georgia-bomb-threats-gray-zone

The US Navy is battling ‘the best Iranian technology’ in the Red Sea and changing how it fights to beat it, admiral says

“The US Navy has been battling the Houthis and some of Iran’s best weaponry in the Red Sea and changing some of the ways it fights to defeat them, America’s top naval officer said this week.
Adm. Lisa Franchetti, the chief of naval operations, said this week that the Navy is taking away many lessons from its almost yearlong fight against the Houthis, including the fact that drones are fundamentally changing warfare.

The Houthis, a Yemen-based rebel group that Iran has armed and supported for years, have used aerial and surface drones to attack key merchant shipping lanes in the Red Sea and Gulf of Aden and threaten US Navy ships since last fall. The militants have also fired anti-ship ballistic and cruise missiles at vessels.

US warships and aircraft, in partnership with allies, have been intercepting these threats. Just last week, American forces engaged a number of Houthi drones and missiles.

“We’re continuing to learn,” Franchetti responded to questions at a Wednesday Defense Writers Group event. “And again, I’ll just go back to the changing tactics, techniques and procedures based on adversaries.”

“The Houthis are using the best Iranian technology, and we know that we need to be able to defeat that,” she added. “And again, our ships are doing an amazing job. And our aircraft.””

“In this fight, the Navy has fired well over $1.1 billion worth of munitions fighting the Houthis, a figure that covers hundreds of air-launched weapons and ship-fired missiles that have been used to take out rebel weaponry, both missiles and drones.

The increasing use of unmanned systems, such as aerial strike platforms and naval drones, has been seen in other conflicts, most notably the war in Ukraine.

Ukraine, for instance, has built up a formidable arsenal of domestically produced naval drones and has used these systems to target Russian warships and ports around the Black Sea. Even though Kyiv lacks a proper navy, it has demonstrated it can still cause problems through this asymmetrical style of warfare.

“I think Ukraine has shown us that you can innovate on the battlefield,” Franchetti said. “I want to innovate before the battlefield so we can stay ahead of any adversary any time.””

https://www.yahoo.com/news/us-navy-battling-best-iranian-144356571.html