...And The Cost Of Diesel Has Soared To Absurd Heights. Needless to say, the soaring cost of diesel is really bad news for our economy, because most of our trains, most of our tractors and most of our trucks run on diesel.
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Goldman explained this week that Gulf oil exports had recovered to between 15 million and 16 million barrels per day, roughly two-thirds of prewar levels, with the rise of dark tanker transits obscuring some flows from conventional tracking via the A
You have already heard about Trump's allowing foreign slaughterhouse floor leavings – he styles these "lean trimmings" – to be fed into the hamburger supply for the next 90 days, sans tariffs...
Argentina's President Milei has announced plans to sign a decree sanctioning companies working on oil exploration of the Falkland Islands, coming a mere days after President Trump indicated that the US position on the archipelago was "under review".
Chevron Corporation (NYSE: CVX) today announced agreements with Venezuela that establish updated terms for its joint ventures, supporting future investment, project development and production growth in the country.
Unwinding the American Empire should be done voluntarily and rationally. Reality should be faced and accepted. But alas, the power centers that benefit from the Empire want to keep their gravy train going as long as possible. Let future generations d
The US government is exploring an unusual legal route for dealing with Iranian oil and ships captured as part of its blockade: bringing back a wartime maritime system that has barely been used for generations, according to Bloomberg.
Despite Treasury Secretary Scott Bessent's promise of "Economic D-Day" for Iran, China is still importing about the same amount of oil from Iran as it did last year. Without China, the US embargo is just a pipe dream. Also today: Media Spin on CIA C
Focus on the Strait of Hormuz is shifting to South America late in the week as the Trump administration moves to secure new long-term crude supplies in Venezuela.
Alberta's Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration's tariff salvo against Ottawa, saying they would be damaging to Canada.
While another lull in direct combat between the United States and Iran has come into effect, other fronts begin to expand and threaten to drown the region in a much broader conflict.