It grew by $2.1 TRILLION — yes, that’s trillion with a capital T — over just the last fiscal year. You should be tickled that the “G” reached a debt ceiling increase. Obviously a default would have been an economic disaster… but how much longer can things really go on like this? The disturbing answer…
Because we don’t have enough on our plates, the US Defense Department is strategizing how it can control the flow of energy to China in case conflicts intensify. Their attempt would be to block China’s imports by shutting down the shipment infrastructure. In terms of foreign policy, this isn’t the World War II era we’re…
The market started off a bit slow yesterday morning as it broadly braced for the jobless claims report numbers to be delivered at 0830. Claims surged to October 2021 highs, reaching a whooping 261,000. This could be a leading indicator that the jobs market is softening. While it will be painful for many, it shouldn’t…
The kingpin of Middle East energy recently slashed output big time when it comes to oil production. Yet prices the following day retreated, dropping by approximately 1%. Many analysts argue that Saudi Arabia alone will not be able to drive oil prices to between $80 and $90 a barrel. Overall economic weakness, including a possible…
Why? MONEY. It’s always about the money! It’s par for the course — the USA merges with our global competitor. Once upon a time the United States was a contender in the Global Energy market. It no longer is, due to the current administration’s decisions. The United States, once an economic powerhouse, again allows another…
Saudi Arabia said it would voluntarily cut its oil production by another 1 million barrels daily next month in a bid to prop up global oil prices. Benchmark oil prices rallied before falling back. One other member of the cartel, the UAE, was allowed to actually increase its output by about 200,000 BPD, while several…
Decades of emphasizing higher level academics has created a Grand Canyon-sized skill gap in many industries needing workers. But the tide may be turning. More and more high schoolers are foregoing traditional four-year universities and colleges for quicker and often much less expensive alternatives — many of which are aimed at teaching highly in-demand skills.…
The bill aims to raise the debt limit for two years and cap government spending, as the U.S. barrels towards a June 5 debt default deadline. In order to fast-track a bill through the chamber and vote on it before Monday, all 100 senators must agree to the plan, and give their “unanimous consent” for…
Some recent statements from OPEC+ producers have been contradictory, creating uncertainty about the outcome of the next meeting. Last week, oil prices were propped up when the Saudi energy minister cautioned investors against betting on lower oil prices. This led some to speculate that OPEC+ might consider implementing more output cuts in their June meeting. …
It looks like the Speaker of the House and our barely coherent President have cut a deal to avoid a default and once again raised the “G’s” debt limit. The Republicans get a few benefits, including more work requirements for welfare and some spending cuts. But the Dems yet again walk away with significantly more…
