TotalEnergies Profit Jumps 68% as War Upends Energy Markets
Original Report
TotalEnergies SE said second-quarter profit surged as the Iran war boosted prices of crude and refined products, offsetting a drop in profits in its gas business.
Glass House Analysis
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Houthis claim strikes on Saudi Arabian oil tankers in Red Sea as Iran conflict expands
Yemen's Houthis said they had targeted two Saudi Arabian oil tankers with drones and missiles for allegedly violating its maritime blockade.
What should I ask Gita Gopinath?
Yes I will be doing a Conversation with her. From Wikipedia: Gita Gopinath…is an Indian-American economist who is currently serving as the Gregory and Ania Coffey professor of Economics at Harvard...
UniCredit CEO tells CNBC full acquisition of Commerzbank could happen in fourth quarter
UniCredit CEO Andrea Orcel told CNBC Thursday that the Italian bank could "potentially" acquire Commerzbank in the fourth quarter.
Oil jumps to $96 after Houthis attack two Saudi Arabian oil tankers
Yemeni rebels say they used missiles and drones to target the vessels Encelia and Layla