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U.S. Energy Production Saw Steepest Drop On Record In 2020

U.S. Energy Production Saw Steepest Drop On Record In 2020 Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record, the U.S. Energy Information Administration (EIA) said on Thursday. Last year, energy production in the United States fell to just below 96 quadrillion British […]

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Nearly 2,000 Gas Stations Out Of Fuel As Panic-Hoarding Hammers Southeast

Nearly 2,000 Gas Stations Out Of Fuel As Panic-Hoarding Hammers Southeast Gas stations from Florida to Virginia ran dry, and prices at the pump skyrocketed late Tuesday, as the hack attack on the biggest U.S. fuel pipeline extends into the fifth day. On Tuesday evening, 17 states and Washington, DC declared emergency declarations to address fuel shortages. […]

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Rabo: Please Don’t Make Us Look At The Inflation

Rabo: Please Don’t Make Us Look At The Inflation Markets continue to reel: “Risk crumbles”, says Bloomberg. Why? Because there is a plaintive plea from everyone from the Fed and the Treasury down to simple peddlers of exotic derivatives: please don’t make us look at the inflation! Yes, it’s US inflation-data day – and nobody wants to see […]

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Worse Than the Dreyfuss Affair: the Persecution of Julian Assange

Worse Than the Dreyfuss Affair: the Persecution of Julian Assange It may appear unnecessary to repeat the truism that democracy depends on transparency and accountability, and yet, how often has the democratic order been betrayed by our leaders in the recent past? How often have the media abandoned their watchdog function, how often have they […]

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Confronted with a Nightmare Scenario – John Rubino 5.8.2021

Confronted with a Nightmare Scenario – John Rubino 5.8.2021 Financial writer John Rubino says there is no easy way out for the financial and political mess the United States has created for itself.  Rubino starts with the economic problems and explains, “Now, inflation is starting to spread. . . . Look at lumber.  If you […]

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Spending More on Nukes: STRATCOM’s Nuclear Death Wish

Spending More on Nukes: STRATCOM’s Nuclear Death Wish Photograph Source: Sgt Samuel Rogers (USAF/Barksdale Air Force Base) – CC BY 2.0 Being sufficiently able at your job is a good thing.  But beware the trappings of zeal.  When it comes to the business of retaining an inventory for humanity’s annihilation, the zealous should be kept away.  […]

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Free Speech Inc.: How Democrats Have Found A New But Shaky Faith In Corporate Speech

Free Speech Inc.: How Democrats Have Found A New But Shaky Faith In Corporate Speech Below is an updated version of my column in The Hill on Facebook’s decision to uphold the ban on former president Donald Trump. Notably, this weekend, Twitter took it upon itself to add a gratuitous response to an observation made by Donald […]

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Antony Blinken Continues to Lecture the World on Values His Administration Aggressively Violates

Antony Blinken Continues to Lecture the World on Values His Administration Aggressively Violates How can you feign anger over others’ attacks on a free press when you imprison Assange as punishment for his vital revelations about U.S. officials? U.S. Secretary of State Antony Blinken speaks on the importance of independent journalism, May 6, 2021 (Radio […]

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Cyberattack Forces Shutdown Of Largest Gasoline Pipeline In United States

Cyberattack Forces Shutdown Of Largest Gasoline Pipeline In United States The largest gasoline pipeline on the East Coast, and the US in general, was shut down on Friday after its operator struggled to contain a cyberattack which threatened its systems. The 5,500-mile Colonial Pipeline, which is the single largest refined-products pipeline in the United States, halted transit […]

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Would the Last Market Bull With the Last Dollar Please Turn Off the Music?

Would the Last Market Bull With the Last Dollar Please Turn Off the Music? Photo by Pablo Heimplatz on Unsplash Reality always wins in the end. It doesn’t matter if you’re excited about the economy or its outlook. Unless some economic scam is being perpetuated (unlikely), fundamentals always play a factor, and guide the U.S. economy through peaks and […]

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Trade Deficit Again Growing, Now It’s Bigger Than Ever

Trade Deficit Again Growing, Now It’s Bigger Than Ever The trade deficit with China continues to weaken America and strengthen our rival. For all the ruckus it created, the trade war failed to bring down the trade deficit. Even while unusual circumstances continue to cloud the picture it appears that America’s trade picture is in […]

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Inflation Jumped by 3.8% in Q1, “Real GDP” Rose 1.6%, Dragged Down by Record Trade Deficit and Drop in Inventories

Inflation Jumped by 3.8% in Q1, “Real GDP” Rose 1.6%, Dragged Down by Record Trade Deficit and Drop in Inventories Even the Fed’s repressed inflation measure without food and energy rose 2.3% annual rate in Q1. The US economy, as measured by inflation-adjusted GDP, grew by 1.6% in the first quarter from Q4 2020, according […]

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Biden’s Climate Plan: It’s Too Late for Gradualism

Biden’s Climate Plan: It’s Too Late for Gradualism Photograph by Nathaniel St. Clair President Biden gave us his climate plan on March 31. It was buried inside his American Jobs Plan. The 12,000-word Fact Sheet about it released by the White House hardly acknowledges the climate emergency. The plan is presented as a jobs through infrastructure program. […]

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America’s Political System Leaves Libertarians Homeless

America’s Political System Leaves Libertarians Homeless Sadly, in America’s two-party political system Libertarians are left Homeless. The libertarian philosophy or ideology has many facets. Running through all of them is the idea that less government is generally a good thing. This reminds me of what President Ronald Reagan, famously said: The nine most terrifying words […]

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New Study: Cross-Border Energy Infrastructure Critical To U.S.-Canada Energy Trade, Benefits Consumers On Both Sides Of The Border

New Study: Cross-Border Energy Infrastructure Critical To U.S.-Canada Energy Trade, Benefits Consumers On Both Sides Of The Border WASHINGTON, April 6, 2021 – The American Petroleum Institute (API) today released a new report examining how growth in cross-border petroleum trade between the United States and Canada has led to the further integration of North American […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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