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Prices Already Spiking at Trump’s Mysterious Gas Stations That Promised Cheap Fuel

16 July 2026 at 14:49

Liberty-loving patriots who got themselves amped up about president Trump’s new gas stations are in for a rude surprise.

When the White House announced the β€œFreedom Fuel” network last week, it bragged that the price at the pump would be just $3.47 per gallon β€” in honor, of course, of β€œour 47th president.”

But using data on the gas price tracking platform GasBuddy, The Hill found that the locations had prices that were at least $3.57 per gallon, with multiple videos on social media reflecting the same.

Unless Trump is planning to be president again four decades from now, we’d say this attempt to glorify himself has missed the mark.

Though some Freedom Fuel prices are lower than the national average β€” which is hovering around $3.80, according to the AAA β€” they’re still fluctuating as much as what you’d see at a typical gas station. One location in New Jersey climbed past the national average to $3.89 on Wednesday, before falling again to $3.57. Some had prices as high as $4.49.

A White House representative acknowledged that Freedom Fuel wasn’t immune to the routine fluctuations of a volatile market, not to mention local pricing.

β€œThe prices at the gas stations will fluctuate β€” possibly coming down even further β€” depending on the market and the location,” the representative told CBS News.

Experts have needled the stunt, convinced that it won’t work out in the long-term.

β€œStations selling at this price, it’s not sustainable,” GasBuddy’s head of petroleum analysis Patrick De Haan told the Philadelphia Inquirer last week, noting rising crude oil prices after Trump rekindled aggressions with Iran. β€œGenerally, when losses happen, somebody’s got to pay for it.”

How Freedom Fuel is subsidizing the cost of its cheap gas is unclear. What company is running the locations is equally opaque. Some customers said that the Freedom Fuel stations were simply existing gas stations that were rebranded.

If nothing else, it speaks to the chintziness of Trump’s self-aggrandizing projects during his second term in office. In his first year, he heavily promoted a meme coin owned by his family, the value of which immediately plummeted. He also tried to hype the launch his own β€œTrump Mobile” network by teasing a new purportedly made-in-the-US smartphone, which turned out to be a repackaged Chinese device.

More on finance: Trump Fans Confused by How Their Investments in His Crypto and Stock Are Now Worth a Tiny Fraction While He’s Getting Richer

The post Prices Already Spiking at Trump’s Mysterious Gas Stations That Promised Cheap Fuel appeared first on Futurism.

OpenAI Strikes Bold Deal With Kalshi to Mix Together the Most Hated Technologies in Existence: AI and Prediction Markets

15 July 2026 at 20:33

Is it not enough to simply watch the beautiful game, unadorned?

These days you might use an AI chatbot to keep abreast of what’s happening in the World Cup. And that AI chatbot, in a sign of the times, might try to shove prediction market odds in your face as another way of ostensibly keeping you up to speed. Because are you really getting the full picture if you don’t know where a bunch of gamblers fall on the outcome?

This is exactly what OpenAI is doing. The Sam Altman-led company quietly struck a deal with Kalshi, which lets you bet on outcomes far beyond sports, to show its prediction market data in ChatGPT, the New York Times reported.

It’s perhaps the inevitable melding of two of the most divisive innovations to come out of the tech industry in recent years.

Searching France and Spain on ChatGPT ahead of their quarterfinal clash on Tuesday returned a graphic that showed that Les Bleus had a 60 percent chance of winning, according to the reporting. (We hope no one acted on that information.) Asking about the England and Argentina game on Wednesday showed that the Three Lions had a 54 percent chance of coming out on top.

Neither side promoted the deal, and the graphic is tellingly light on branding. There are no logos and no outbound links. The only sign of the collab is a small notice in the bottom left corner stating, β€œSource: Kalshi.”

This is the first partnership of its kind for OpenAI. The company recently updated its help page to stress that users β€œcannot place bets through ChatGPT,” with the Kalshi data being limited to β€œqueries related to the 2026 World Cup,” according to the NYT.

Zooming out, it’s another sign of prediction markets laundering their image by glomming themselves onto other, more credible brands. In January, Kalshi partnered with CNN to provide its real-time prediction data on the news network’s broadcasts. Its rival Polymarket entered into a similar partnership with Dow Jones, the publisher of The Wall Street Journal, that same month. Both have also partnered with Google to show their data in search results.

Unlike traditional betting platforms, prediction markets don’t frame what they provide as gambling: they provide markets, not bets. They allow you to wager on all kinds of real-life events, ranging from the geopolitical outcomes to the completely trivial. Polymarket lets you bet on the destruction caused by wildfires and the use of nuclear weapons, for example, while also giving you the chance to make a buck on whether Cristiano Ronaldo will cry at the World Cup. (He did.)

Their fuzzy legal framework, plus their Wild West approach to gambling, has led to numerous controversies. Suspiciously timed bets on massive events like the US’s capture of ousted Venezuelan president NicolΓ‘s Maduro have raised concerns of rampant insider trading and put pressure on lawmakers to crackdown on the platforms. Arrests have been made in some cases, but these have been rare.

Put simply, for OpenAI, it may be somewhat risky to associate itself with all this baggage, which might be why the Kalshi collaboration is very limited β€” at least for now.

More on: Grim New Prediction Market Lets Gamblers Bet on Raging Wildfires

The post OpenAI Strikes Bold Deal With Kalshi to Mix Together the Most Hated Technologies in Existence: AI and Prediction Markets appeared first on Futurism.

The Economics of Data Centers Creating Jobs Are So Bad That They Sound Like a Joke

13 July 2026 at 19:49

Whenever big data center developers roll into town, their pitch ends up sounding something like this: hand over your land and your resources, throw in a decade of government subsidies, and we’ll give your ailing little burg some jobs, tax revenue, and a shiny new facility to boost the local economy.

Sounds like a no-brainer, right? Not so fast, cowboy.

In theory, more tax revenue means money for schools, roads, and first responders. In practice, states and counties are waving those taxes in order to entice tech companies to set up shop β€” while existing campuses put major strain on local communities. One analysis found that Georgia, Virginia, and Texas each lose over $1 billion a year to state data center incentives, while at least fourteen states don’t even disclose data center tax breaks in the first place.

The down-stream impacts don’t really materialize either. Researchers at Georgia Tech found that in rural areas, data centers typically employ fewer than 100 permanent workers and are likely to import specialized services from outside the community.

While this can temporarily boost unemployment numbers, any broader, long-term impacts are not guaranteed and are highly dependent on local conditions. As the Georgia Tech researchers explain, β€œthe sweeping job and wage growth often promised during local recruitment efforts is unlikely to arrive on its own.”

But the jobs creation claim is where the pitch really falls apart. In Iowa, the Cedar Rapids Economic Development Center recently disclosed that two ongoing data center projects β€” one for Google carrying a price tag of at least $576 million and another for Blackstone firm QTS starting at $750 million β€” are contractually required to create a combined minimum of just 61 permanent jobs.

In other words, for $1.3 billion in combined capital coming into the city, Cedar Rapids is only guaranteed 61 permanent positions, a spend of $21.3 million per job. That’s even worse than the $136 million Ark Data Center going up in Northeastern Ohio, which is projected to create a whopping ten full-time jobs when all is said and done.

And while Cedar Rapids brags that these developments will bring β€œthousands of construction and trade jobs,” that may not be to the city’s benefit. Not only are data center construction jobs temporary β€” and therefore highly dependent on the whims of notoriously unreliable data center developers β€” they’re also putting quite the squeeze on the construction market.

As a recent analysis by the firm Turner & Townsend found, the rush to build so many data centers has created a β€œtwo-speed construction market,” where top-dollar AI projects drive up costs for other developments like housing, while sucking up the skilled labor needed in other sectors.

That report found that 87 percent of global construction markets are experiencing shortages of mechanical, electrical, and plumbing (MEP) specialists, while the cost and lead-time of acquiring MEP components rises. That’s great news for MEP contractors, but the trade-off is higher costs for everything else we might want to build.

That’s before we even mention how disastrous data centers are for the environmentΒ β€” making it all the more insulting that taxpayers are forced to foot the bill for the tech industry’s vastly exaggerated promises.

More on data centers: The Pollution Being Churned Out by AI Data Centers Is So Severe That It’s Almost Incomprehensible

The post The Economics of Data Centers Creating Jobs Are So Bad That They Sound Like a Joke appeared first on Futurism.

CEO Pleads With AI Industry to Stop Charging So Much to Replace Human Labor

11 July 2026 at 14:01

With each passing day without an AI labor revolution, the tech industry’s pricing scheme for AI is becoming more and more disconnected from reality β€” so much so that even its biggest clients are starting to revolt.

Speaking during an interview on CNBCβ€˜s β€œSquawk on the Street” segment earlier this week, CEO of cybersecurity giant Palo Alto Networks Nikesh Arora implored the tech industry to lower the cost of AI.

During the segment, the chief executive argued that the cost to use large language models (LLMs) has to drop by 20 percent by 2027 β€” and 90 percent by 2028 β€” for the tech to be useful to enterprises.

β€œWe need to see the pricing for AI come down,” Arora said.

Zooming out, Arora’s pleas for cheaper AI are instructive. For your average CEO, the ostensible value of any AI tool is in its ability to automate human workers and either slash payroll costs or keep them low β€” hence the trillions of dollars capitalists have poured into the industry.

There’s just one problem: AI, or more specifically, LLMs, can’t seem to make automation happen in an effective way, and some argue they never will. Instead, AI has largely become a tool to discipline labor, to squeeze more work out of every worker and keep margins high.

Unfortunately for the CEOs of the world, the rising cost of AI threatens to disrupt even this less-than-optimal arrangement.

Approaching the issue from the opposite end β€” though without the drama of a CEO experiencing buyer’s remorse β€” is tech critic Ed Zitron. In a separate interview with the same CNBC panel, Zitron argued that the AI industry is a β€œ$10 to $30 billion [total addressable market] industry pretending to be a $1 trillion one.”

The critic’s diagnosis is essentially the same: the tech industry’s pricing assumes a level of AI demand and value creation that doesn’t exist. The difference between the two is that Arora needs that to change in order to justify his outrageous AI bill, forcing a confession in line with one of the tech industry’s fiercest critics.

More on AI: Companies That Embraced AI Are Now Rotting Away in a Very Specific Way

The post CEO Pleads With AI Industry to Stop Charging So Much to Replace Human Labor appeared first on Futurism.

Energy Transition Impacts: Sector and Country Impacts from a Demand-Driven Model

25 June 2026 at 14:23
The global economy has reached the β€œmessy middle” of the energy transition where renewable energy and electric vehicles are prevalent enough to affect the demand for fossil fuels without entirely displacing them. This introduces new tensions and volatilities to established industries from energy to transport and countries from Canada to Indonesia.

Competitiveness, Cost and Climate: Five Themes From the BNEF Summit Amsterdam

19 June 2026 at 13:27
The US energy landscape is changing quickly. Demand for artificial intelligence is driving up power demand while electric vehicle (EV) adoption slows down and enters a more complex phase. Together, these trends are reshaping how utilities, policymakers, financiers and automakers respond to emerging challenges in the energy sector.

β€˜Mega-consumers’ of food and energy cost environment $5.7tn a year, study finds

Top 10% generate climate and biodiversity damage bill that exceeds economies of most countries, say researchers

The environmental damage bill racked up by the highest-consuming 10% of the world’s population has reached up to $5.7tn a year – larger than the economy of every country except the US and China, a study has found.

Mega-consumers in this group are concentrated in the global north, accounting for more than half the population of the US and 40-45% of people in the EU.

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Β© Photograph: Francis R Malasig/EPA

Β© Photograph: Francis R Malasig/EPA

Β© Photograph: Francis R Malasig/EPA

International Banksters Are Desperate: Want to Ban Gold and Silver in Israel

24 September 2024 at 05:43
The Rothschild-controlled financial system faces challenges as Israel contemplates banning gold and silver ownership amidst ongoing wars. This move, perceived as part of totalitarian monetary control efforts, raises concerns about economic stability and reflects deep state conflicts amid wartime distractions.

How NextEra Energy Wielded Political Power in Florida

29 May 2026 at 21:29
NextEra, which is seeking to buy Dominion Energy, has often butted heads with consumer groups, residents and journalists in its home state.

Β© Ulysse Bellier/Agence France-Presse β€” Getty Images

A Dominion Energy power plant near Davis, W.Va. NextEra Energy’s political activities are expected to be scrutinized as it seeks approval of its purchase of Dominion.

A Clean Energy PAC Helped Beat Chip Roy, and Now It Has New Targets

29 May 2026 at 20:47
A PAC representing wind and solar energy interests spent $1.1 million to boost the Republican primary opponent of Chip Roy, an opponent of renewables. Now they are trying to save a Republican ally in Iowa.

Β© Michael A. McCoy for The New York Times

A group of renewable energy investors paid for this projection on the side of the Energy Department building in Washington gloating over Representative Chip Roy’s defeat in a Republican primary for Texas attorney general.

Energy Transition Bank Financing Struggles to Pull Ahead of Fossil Fuels in Asia

14 May 2026 at 02:00
Financial institutions have taken different approaches toward disclosing climate transition plans. The world’s largest banks and investment managers remain active in defining complete transition plans and even updating them – while complete disclosure among smaller institutions is lagging.

AI Data Centers, Energy and Finance: Dispatch from the BNEF Summit New York 2026

5 May 2026 at 13:27
The US energy landscape is changing quickly. Demand for artificial intelligence is driving up power demand while electric vehicle (EV) adoption slows down and enters a more complex phase. Together, these trends are reshaping how utilities, policymakers, financiers and automakers respond to emerging challenges in the energy sector.
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