Disaster

Following a swarm of over 1100 earthquakes recorded in the Yellowstone caldera over the past month, prompting scientists to voice concerns about a dormant Yellowstone "Supervolcano" slowly waking up, overnight these concerns escalated after a strong M5.8 earthquake hit western Montana early on Thursday morning - the strongest quake to hit the area in the past 20 years - the U.S. Geological Survey reported, with Reuters adding that the tremor was felt hundreds of miles away, from Missoula to Billings and some surrounding states. 

Authored by Tsvetana Paraskova via OilPrice.com,

Every now and then, an oil supermajor comes up with what they tout as a breakthrough in scientific research of renewable energy sources.

This month, it was ExxonMobil’s turn to report a breakthrough in advanced biofuels. Exxon said that it had found a way to make algae ‘fatter’, and those algae could become part of the (distant) future energy mix, could cut carbon dioxide emissions, and would not compete with food crops like other biofuel sources.

Two weeks ago, when discussing the self-reinforcing dynamics among systemic vol-sellers, JPM's head quant had a dramatic warning: in a nutshell, he said contrary to the assumption that the market will always rebound in a BTD kneejerk response, days like May 17th and similar events "bring substantial risk for short volatility strategies."

More than 800 earthquakes have now been recorded at the Yellowstone Caldera, a long-dormant supervolcano located in Yellowstone National Park, over the last two weeks - an ominous sign that a potentially catastrophic eruption could be brewing. However, despite earthquakes occurring at a frequency unseen during any period in the past five years, the US Geological Survey says the risk level remains in the “green,” unchanged from its normal levels, according to Newsweek.

Tesla stock price is extending its declines from yesterday's tumble after reports that Tesla’s first generation self-driving cars may not be safe on public roads, the German central vehicle inspection agency said, according to a report in Handelsblatt.