u/ceph2apod

The Federal Reserve reported an operating loss of -$18.7 billion in 2025, marking its 3rd consecutive annual loss.

This brings the total 3-year loss to -$210.3 billion after the -$77.6 billion recorded in 2024 and -$114.0 billion in 2023.

The losses are primarily driven by the Fed paying out more in interest to banks and money market funds than it earns from its bond and MBS holdings.

Since the losses began in September 2022, the Fed has stopped remitting income to the Treasury Department, ending a streak that totaled +$1.36 trillion since 2008.

However, the Fed cannot become insolvent because it quite literally creates its own money.

Truly incredible.

Data from https://wolfstreet.com/2026/04/15/the-largest-foreign-holders-of-us-treasury-securities-and-the-basis-trade-april-2026-update/

2025 data now in:

>231,100 electric heavy trucks sold (+182% YoY)
>Dec 2025 Market Share: 53.9% (EVs outsold diesel)
>Fleet owners saving $170k per truck over a 10-year cycle

https://www.electrive.com/2026/01/23/year-end-surge-electric-trucks-outsell-diesel-for-the-first-time-in-china/

In fact, coal generation fell 1% year on year, while gas fell 4%.

The wind and solar capacity added in 2025 alone is generating roughly twice as much electricity as all the LNG that passed through the Strait of Hormuz before the closure.

And this is why a widespread return to coal is not a thing.

https://www.linkedin.com/posts/gavinmooney_many-expected-the-lng-shock-to-push-countries-activity-7450433643765727232-x_Sl

NEW | Cheap battery storage means solar can now economically meet up to 90% of India’s electricity demand

Battery energy storage systems (BESS) can turn solar into round-the-clock power by storing excess daytime generation for use after sunset. The main challenge is no longer battery capacity to bring solar into the night but extended periods of low solar output, especially during the monsoon.

🇮🇳 Ember’s modelling shows that solar paired with batteries could deliver electricity at a levelised cost of INR 5.06/kWh – lower than the average power purchase cost in most Indian states and “even rivalling coal in terms of availability” notes Ember’s Duttatreya Das.

“From here, the economics only becomes more compelling,” adds Duttatreya.

“For solar-rich countries like India, this makes the case for becoming a global solar superpower. The question is no longer whether solar can power India’s electricity system, but how quickly it can scale,” says report author Kostantsa Rangelova.

https://ember-energy.org/latest-insights/battery-storage-is-now-cheap-enough-to-unleash-indias-full-solar-potential/