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oil prices
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 […]
04/20/2022
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By Arsenio Toledo
In sudden turnaround, Biden administration allows oil and gas companies to drill on federal lands… but it will take YEARS for the oil to flow
The Biden administration announced on April 15 that it would allow oil and and gas companies to drill on federal lands, albeit in limited areas. At the start of President Joe Biden’s term last year, he suspended the approval of new oil and gas drilling permits on federal land to fulfill one of his campaign promises. […]
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 […]
03/31/2022
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By Ramon Tomey
Saudi Arabia may increase oil prices amid Russia-Ukraine war
Saudi Arabia may increase the price of its crude oil as the repercussions of the Russia-Ukraine war are felt throughout global markets. An assessment by Bloomberg found that state-owned petroleum company Saudi Aramco may raise the selling price of its flagship Arab Light crude to $5 a barrel in Asia. The news outlet added that the price increase […]
03/31/2022
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By Ethan Huff
Saudi Arabia says it can’t ensure oil supply stability amid “jittery period” of global instability
Prince Abdulaziz bin Salman, Saudi Arabia’s energy minister, said his country can no longer ensure energy security due to a “jittery period” in the world’s markets. What was once a sure and steady supplier of oil has become another casualty, or so we are told, of an escalating world war, which is conveniently collapsing just about […]
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 […]
03/25/2022
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By Arsenio Toledo
Price of crude oil shoots above $120 per barrel during short squeeze; experts warn of even higher oil prices in coming months
During a short squeeze on Wednesday, March 23, the price of crude oil futures shot up to a record-breaking price of $120 per barrel. Financial experts warn that this is just the beginning, and oil prices will one day stay above $120 per barrel for a long time. Brent crude futures, one of several internationally […]
03/24/2022
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By JD Heyes
CLIMATE LOCKDOWN: Globalists are exploiting oil price spikes to push for greater population control with “10-point plan” that includes bans on travel
The globalists, like the Democrat Party in the U.S., never lets a good crisis go to waste, using each one to push their agenda of suppression and population control just a little further down the field. In a “10-Point Plan to Cut Oil Use” – a long-held objective of the globalists is to get rid […]
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