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“Sanctions don’t do much until they target Putin’s oil” Friday afternoon news dumps are always revealing, and that includes last week’s Treasury Department clarification of US sanctions on Russian banks. Don’t buy the Biden administration’s line that it’s pulling out the stops against Russia. The president continues to insist he’s “enforcing the most significant package…
“Inflation is Biden’s fault, and only Biden’s fault” If you break it you own it,” is pretty much what Joe Biden should be thinking right now, but he isn’t, of course. Yes, it’s inconceivable that the president who so deservedly owns his moniker “Sleepy Joe” has enough self-awareness to own up to his role in…
“Venezuela frees Americans Gustavo Cárdenas and Jorge Alberto Fernández after talks with US” Venezuela released at least two jailed American citizens on Tuesday following a weekend trip by US diplomats to the country, a report said. The apparent goodwill gesture by Venezuela – an oil-rich country – came the same day that President Biden announced…
“Stephen Colbert blasted for saying he’s willing to pay more for gas” Stephen Colbert was roasted on social media for saying he would be willing to pay more for gas because he can afford an all-electric Tesla. The CBS “Late Show” host gave a monologue on Monday in which he urged Americans to endure higher…
“If the Ukraine war hasn’t scared the West straight on energy, nothing will” There are forgivable intellectual and policy errors, and then there’s the self-delusion that has driven the West into its dependence on Russian President Vladimir Putin’s oil and gas. Russia has long been a major supplier of energy to Europe. The depletion of…
“How Biden can help lower gas prices” For the first time in nearly 14 years, the national average price for gasoline surpassed $4 per gallon. The price at the pump is up more than 40 cents per gallon from just a week ago and $1.30 per gallon higher from one year ago. In a matter…
“Elon Musk calls for nuclear power over Russian oil— and pledges to eat food grown near reactors” Elon Musk says that nuclear energy is the key to breaking Europe’s dependence on Russian oil as crude prices continued to surge to near-record levels amid the ongoing invasion of Ukraine. Musk is so certain that there is…
“#How Ukraine war could make it worse” A key indicator of inflation showed another increase in prices for January as Americans gird for more economic turbulence exacerbated by Russia’s invasion of Ukraine. The personal consumption expenditures index — or PCE — which is put out by the Department of Commerce and is considered the preferred…
“#US gas prices could hit $5 per gallon after Russia’s Ukraine invasion” Soaring US gas prices are likely to get even worse after Russia launched a full-fledged invasion of Ukraine — with some experts warning that costs could climb to $5 per gallon or higher in the coming months. As crude oil prices continue to…
“#To make Putin pay, Biden must ramp up US energy production” Despite the constant media drumbeat to what seems like an inevitable war, Russian President Vladimir Putin understands one thing: He can’t make Russia great again by launching a full-scale invasion of Ukraine. If Moscow made a full-out ground assault and annexed Ukraine in its…