In a recent interview with Bloomberg Surveillance, U.S. Energy Secretary Jennifer Granholm, laughed at the very idea of increasing oil production in America to ease the rampant inflation Americans are facing for gasoline, heating oil, natural gas, and propane. In her words, the idea of using America’s massive oil reserves to fight the rising inflation […]
“Worried” – Inflation Will Get Worse
Following Treasury Secretary Janet Yellen’s recent discussion on CNN of President Biden’s economic plans, former Treasury Secretary Larry Summers tweeted: I began my career when Paul Volker [sic] was taking over at the Fed and not since then have I been more worried. I am curious at what point in the last forty years Treasury […]
Biden, Unable to Manage the Present Wants to “Own the Future”
Joe Biden can barely manage a minute or two of unscripted dialogue, but he wants to “own the future.” His plan for that, of course, is spending a lot of your money. Alexander Nazaryan reports: Cleaner sources of energy, harvested by machinery made in the United States. Early childhood education subsidized by the federal government. […]
The Romans Were the Masters of Inflation
Bill Sardi explains in LewRockwell.com how the Roman used debasement of their currency to control conquered lands. He writes (abridged): The Roman Emperor was to be worshiped. He ruled by executive orders. Conquer other lands, then issue a new currency, in this case a silver denarius, said to be worth a day’s wages at the […]
Americans Freeze Under Biden’s Green Orders While China Burns More Coal
One of the first things Joe Biden did after his inauguration was to begin writing executive orders making it more difficult to drill for oil and natural gas in America. Since that time, Americans have seen skyrocketing prices for gasoline, natural gas, and propane. All this in the name of preventing carbon emissions. Meanwhile, in […]
The Winter of Our Discontent
30% Higher Prices The warning is out there: Expect higher heating prices this winter. The Energy Information Administration warns that nearly half U.S. households that heat their homes with mainly natural gas will spend an average 30% more on bills compared to last year. The agency added that bills would be 50% higher if the […]
Ghost Ships Abandoned by Great Reset, Global Owners?
“Why is this happening?” You ask yourself. “Why is our supply chain broken? Why are there ghost ships rotting away in global ports and off the shores of California?” When one of these ships loaded with volatile ammonia sat for years in Lebanon, and then they finally unloaded it onshore, it blew up, killing hundreds […]
A Washington Standoff on How to Fix the Debt Ceiling
Senate Minority Leader Mitch McConnell is engaged in a public, and at times heated, standoff with President Biden over who is to blame for the stalemate over the debt ceiling. From Mitch McConnell: Democrats need to tackle the debt limit. We gave them a road map and three months’ notice. I suggest that our colleagues […]
Freezing in the Dark
The Death of Fossil Fuels? The Left’s prediction of the death of fossil fuels is perhaps a little premature. As the Organization of the Petroleum Exporting Countries (OPEC) recently warned, without increased investment in new production, oil could skyrocket. Crude prices hit $80/bbl on Tuesday. Why the World Needs More Oil and Gas Europe’s climate […]
THE CUPBOARD IS BARE: Blue States Can’t Keep Up the Free Food Gambit
What happened when the Soviets promised free food and equal wages for all no matter what their level of productivity? Shortages of food, of course. Once the pricing mechanism of the market was destroyed, the outcome was predictable. Now, big blue states in America can’t keep the “free” food on the table at schools. The […]
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