Millions of Barrels of Oil from Strategic Reserve Sold to Foreign Nations as Americans Suffer Record Gas Prices
The oil, which was ordered to be released throughout the year from the Strategic Petroleum Reserve by President Joe Biden, was meant to relieve the pressure on pump prices. Instead,…
Biden Advisor Invokes the ‘Liberal World Order’ to Defend High Gas Prices
White House economic advisor Brian Deese said the quiet part out loud when he insisted struggling Americans should be glad to pay record high gas prices because they will secure…
Biden Says Recession is Not ‘Inevitable’, but Casts Blame Elsewhere as Ratings Plummet
The President again blamed the pandemic and Russia for everything from inflation to his poor approval ratings, but says he’s “confident” in the direction of the country and that Americans…
Yellen Says White House is Considering Reducing China Tariffs to Ease Inflation
Treasury Secretary Janet Yellen said the Biden administration is looking at ways to ease tariffs on imports from China as a way to ease soaring inflation. Yellen made the comments…
Average National Gas Price Hits New Record High
The new record has been set just two months after the last bleak milestone. Despite the Biden administration’s multiple moves to get gas prices under control, including draining the country’s strategic…
Politicians’ answer to high gas prices: send voters checks
High gasoline prices have a tendency to make politicians worried about their re-election chances do the darndest things. Consider the wave of pols who think the best way to help…
Blaming all the wrong things for inflation’s rise
The Biden administration’s search for an inflation scapegoat has taken a number of turns as the data have continued to worsen. The most recent inflationary cause: Vladimir Putin, who is…
Inflation could become a long-term problem
Even as the Federal Reserve begins its long overdue effort to raise interests rates and attempt to get inflation under control, one former central banker, Charles Goodhart, says the inflation…
End the ethanol boondoggle
Soon after Putin launched his invasion of Ukraine, global commodity prices for staples like wheat and sunflower oil (both major Ukrainian exports) began to rise and the possibility of global…
America’s Strategic Petroleum Reserve has become a political piggybank
There have bene a number of references to the nation’s Strategic Petroleum Reserve (SPR) in recent weeks. The most recent was Joe Biden’s declaration that 30 million barrels of SPR…
