During my vice presidential debate against Biden in 2008, he had no solutions to the problem of high gas prices then; and 13 years later, he remains as clueless.
Biden tries to pass the buck for inflation to gas stations. The data do not support his claim.
Oil prices rose above $82 a barrel on Tuesday morning after the Biden administration announced the U.S. and other nations would release tens of millions of barrels of oil from reserves in a ploy to lower prices.
A cold winter would send natural gas prices up 46 percent and heating oil prices up 54 percent, according to the Department of Energy.
A recent report from CNBC indicated Americans are paying the highest prices for gas in the last seven years, and some cities have gas prices as high as $5 per gallon.
His Fraudulency Joe Biden is blaming high energy prices on people of color instead of himself, even though he’s worked overtime to increase prices on everything, most especially energy.
K.T. McFarland noted how the Biden administration’s energy policies benefit Russia by driving up the price of oil in an interview on Friday’s edition of SiriusXM’s Breitbart News Daily with special guest host Joel Pollak.
The Suez Canal blockage, affecting global oil shipping, is a reminder of how important U.S. energy independence remains.
The MV Ever Given clogged one of the most vital shipping routes in the world, after its route traced a familiar shape in the Red Sea.
Venezuelan dictator Nicolás Maduro appointed senior official Tareck El Aissami – wanted by ICE for drug trafficking and widely believed to be Maduro’s primary link to Hezbollah – the country’s oil minister on Monday.
Many nations in Africa face potential devastation by the recent collapse of oil prices due to the Chinese coronavirus pandemic, and reports this week indicate the damage has already begun.
President Donald Trump should impose tariffs on Saudi Arabia’s oil exports to the U.S. in response to the kingdom’s dumping of oil during record-low global prices of the commodity caused by coronavirus-related economic shutdowns, said Spencer McGowan, founder of McGowan Group Asset Management and host of NetWorth Radio.
The global oil price collapse is a historic “opportunity” to “bottom out” Chinese energy assets and increase reserves, the communist country’s state media reported on Tuesday.
Gov. Jim Justice praised President Donald Trump’s handling of the coronavirus outbreak while warning of a looming “full-fledged depression.”
The June futures contract price for WTI has plunged below $12.
The lowest prices and steepest decline ever recorded.
Prices for futures contracts expiring tomorow are down nearly 40 percent Monday mornning.
Gasoline prices in the U.S. are at the lowest level in decades.
U.S. Secretary of State Mike Pompeo, in a call with Saudi Crown Prince Mohammed bin Salman (MBS) on Tuesday, called on the Sunni kingdom to “reassure global energy and financial markets” amid the economic downturn caused by the coronavirus pandemic.
Saudi Arabia is evidently very serious about the oil price war it launched this week, signaling that its national oil company Saudi Aramco will hit a record high production level of 12.3 million barrels per day in April.
The moves in stocks, energy, and bonds show no signs of acute concern following the news of the killing of Iran’s top military leader.
Ali Saeedi, a hardline Iranian cleric close to Supreme Leader Ayatollah Ali Khamenei, admitted on Wednesday that top officials were surprised by the intensity of protests against the recent gasoline tax hike.
The Iranian government published a report on Sunday showing the national Gross Domestic Product (GDP) contracted by 4.9 percent over the fiscal year ending March 21. The announcement revealed Iran’s economy contracted much more sharply than anticipated after U.S. sanctions were reimposed by President Donald Trump.
“Oil prices getting too high. OPEC, please relax and take it easy,” he wrote on Twitter. “World cannot take a price hike – fragile!”
Economic data released by Iran this week indicated oil exports are sharply down and the export of products other than oil has been cut in half by U.S. sanctions.
Contents: Qatar withdraws from Saudi Arabia-led OPEC; The split deepens between Saudi Arabia and Qatar
The Iranian Supreme Court on Tuesday upheld death sentences against financial traders Vahid Mazloumin and Mohammad Esmail Ghasemi on charges of “spreading corruption on earth” because their currency trades were allegedly intended to “disrupt the economy” at a time of “enemy pressure” on Iran, that enemy being the United States.
The New York Times gave President Donald Trump credit for oil sanctions on Iran, which it said had been successful in pressuring the regime without raising oil prices.
The Wall Street Journal noted on Tuesday that the Trump administration’s plan to pressure Iran with renewed sanctions might have one big flaw: China. The Chinese are in a position to buy so much Iranian oil that the effect of isolating Iran from U.S. and European markets will be greatly diminished.
Iranian Vice President Eshaq Jahangiri vowed on Tuesday that the Islamic Republic will “sell as much oil as we can” to protect its banking system, the financial lifeblood of the regime’s Islamic Revolutionary Guard Corps (IRGC), while acknowledging that America-imposed sanctions would hurt Iran’s economy.
Iran’s representative to the Organization of the Petroleum Exporting Countries (OPEC), Hossein Kazempour Ardebili, reportedly pled on Thursday for President Donald Trump to “please stop” tweeting because his doing so has raised oil prices by at least $10.
Donald Trump took to Twitter on Wednesday morning in an apparent attempt to talk down the price of oil.
In advance of President Trump’s statement about the future of the Iran nuclear deal at 2:00 PM Eastern time on Tuesday, most observers believe he will withdraw from the agreement or demand such extensive revisions that it is effectively wiped out.
Saudi oil executives inked multi-billion dollar deals with companies to explore building petrochemical facilities along the Texas Gulf Coast. Essentially, they hope to capitalize on the U.S. oil and gas boom, largely fueled by shale drilling in the Permian Basin.
The average gasoline price nationwide is the cheapest it has been at this point in the year since 2005, according to GasBuddy, a site that monitors gas prices.
Cuba is about to receive its first major Russian oil shipment of the 21st Century, because the collapsing socialist government of Venezuela can no longer meet Cuba’s needs.
CNN Money made no bones about crediting the incredible post-election surge in the stock market to a “Trump rally,” as Wall Street hit the rare “superfecta”: all four major indexes closing at record highs on the same day.
A western Texas oil and natural gas shale formation was labeled the “largest” of its kind by the U.S. Geological Survey on Tuesday.
Saudi Arabia has a “very comfortable” level of foreign reserves, the central bank chairman said on Monday, despite a drawdown in assets to help cover a fall in oil revenue.
The United Nations Economic and Social Commission for Western Asia (ESCWA) has concluded that the 2011 “Arab Spring” uprisings cost the affected countries a total of $614 billion, amounting to 6% of their combined Gross Domestic Product.
