Remember when gasoline prices cratered about 26% after hitting their peak of $5.01 in early June, and the White House took all the credit for this decline? Well, despite draining the Strategic Petroleum Reserve (SPR) and the war in Ukraine still … [Continue reading] about Gasoline prices targeting $4, diesel about to hit $5 again
#BREAKING: OPEC to slash production by two million barrels per day, defying Biden pressure
Is it time to prepare for $100 oil again? What about $4 gas? Well, consumers may need to endure higher energy costs this winter after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ slashed production by two … [Continue reading] about #BREAKING: OPEC to slash production by two million barrels per day, defying Biden pressure
WATCH: Jeffrey Sachs angers Bloomberg hosts by suggesting U.S. involvement in Nord Stream destruction
Economist Jeffrey Sachs got in trouble at Bloomberg on Monday after suggesting that the U.S. was behind the deliberate sabotage event on the Nord Stream pipeline. Despite sharing various facts that point to U.S. involvement in the attack, … [Continue reading] about WATCH: Jeffrey Sachs angers Bloomberg hosts by suggesting U.S. involvement in Nord Stream destruction
U.S. coal prices top $200 per ton as energy commodities start rallying again
Amazing. For the first time in history, U.S. coal prices have rallied past $200 per ton. Although U.S. natural gas output is the highest on record, the energy industry will need to sustain its production efforts to ensure there is enough … [Continue reading] about U.S. coal prices top $200 per ton as energy commodities start rallying again
Central banks were net buyers of gold, World Gold Council data show
Gold prices have tanked since March, driven by the Federal Reserve's tightening crusade that has lifted the US dollar. Central banks took advantage of the discounts by adding more than 20 tons of gold to their reserves in August, according to the … [Continue reading] about Central banks were net buyers of gold, World Gold Council data show