marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
oil prices
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
05/15/2022
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By Mary Villareal
Biden administration cancels gas lease opportunities despite soaring fuel prices
The Biden administration has canceled major oil and gas lease opportunities in the Gulf of Mexico and off the coast of Alaska, blocking the opportunity to drill for oil in over a million acres despite the soaring gas prices in the United States. The Department of the Interior cited a “lack of industry interest in leasing […]
05/12/2022
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By Mary Villareal
Americans blame Democrats, Biden’s leadership as gas prices hit record highs
Surveys have shown that Americans blame Democrats and President Joe Biden’s leadership as gas prices reached record high levels. Inflation also hit a 40-year high and the U.S. Gross Domestic Product shrunk 1.4 percent in the first quarter of the year. As voters admit that rising gas prices are touching every aspect of their lives, the economy […]
05/05/2022
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By Mary Villareal
Supply chain on the brink of COLLAPSE as diesel price surge hits trucking industry hard
The price of diesel has reached an all-time high of $5.321 a gallon, leaving the trucking industry reeling and the supply chain on the brink of collapse. Oil and gas prices have also increased, now standing at $4.187 a gallon, just a smidge down from the all-time high of $4.331 set on March 11. The trucking industry relies […]
05/01/2022
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By Mary Villareal
No signs of slowing down: Diesel price jumps 42.8% from beginning of the year, way ahead of gasoline’s 25% increase
The increase in diesel price has raced past that of gasoline. Data from the Department of Energy‘s Energy Information Administration (EIA) showed that diesel price has jumped a staggering 42.8 percent while the price of gasoline has increased 25 percent from the beginning of the year. Given the enormous role of Russia as a supplier of […]
04/22/2022
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By News Editors
David Stockman on inflationary hell that’s about to break loose
It is only a matter of time before Kiev surrenders to the Russians, with or without their clown-car president signing the armistice. But that deal will be so onerous from Washington’s perspective that it will not mark the end of the sanctions war, but will be an excuse for its actual intensification and indefinite prolongation. […]
04/19/2022
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By Mary Villareal
Meat producers react as Biden issues emergency waiver that allows selling gasoline with 15% ethanol
President Joe Biden issued an emergency waiver that allows gasoline stations nationwide to sell gasoline with 15 percent ethanol. With the record-high prices and soaring levels not seen since 1981, Biden effectively paused a federal environmental regulation that prohibits this biofuel mixture in the summer to limit smog. Biden’s action, however, could lead to higher meat […]
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
03/30/2022
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By Mary Villareal
The REAL price of fuel: Reports of deaths and violence plague Sri Lanka as people queue to buy expensive fuel
The Russian invasion of Ukraine has increased protests in Sri Lanka as the country falls into its worst economic crisis since its independence in 1948. The fuel crisis in Sri Lanka has led to at least three deaths due to the long hours of waiting that proved too much for people. Numerous others have also […]
03/25/2022
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By JD Heyes
Newsom wants to spend $11 billion to give Californians $400 gas cards, throwing more incendiary money into an already inflationary economy
In another example about how Democrats either legitimately don’t understand market economics or simply don’t care because they would rather risk tanking the economy in order to make more citizens dependent upon government largess, California Gov. Gavin Newsom’s plan to help state residents cope with the highest average gas prices in the country is sure […]
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