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05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
05/12/2022
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By Ethan Huff
The media is mentally preparing the American public for mass fuel shortages and rolling blackouts
The latest commodity to start mysteriously running dry is diesel, without which trains, trucks and the entire economy cannot function. According to media reports, fuel in general is somehow magically disappearing at the same time that inflation is reaching a point of no return, meaning hyperinflation. Report after report, in fact, is crafting a narrative […]
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
04/04/2022
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By JD Heyes
IT BEGINS: Russian gas giant halts shipments to Europe through key pipeline after German CEO warns of impending economic “catastrophe”
Economic fallout between Russia and the rest of Europe worsened on Saturday after a Russian energy giant decided to cut off natural gas to the continent that flowed through a major pipeline. The action by Gazprom to shut down the Yamal-Europe pipeline, a crucial artery for energy flows, came just a day after European countries […]
03/25/2022
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By Arsenio Toledo
Price of crude oil shoots above $120 per barrel during short squeeze; experts warn of even higher oil prices in coming months
During a short squeeze on Wednesday, March 23, the price of crude oil futures shot up to a record-breaking price of $120 per barrel. Financial experts warn that this is just the beginning, and oil prices will one day stay above $120 per barrel for a long time. Brent crude futures, one of several internationally […]
03/23/2022
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By Arsenio Toledo
Los Angeles first major city in the country to reach average gas price of $6 per gallon
Los Angeles on Tuesday, March 22, became the first major city in the United States to have an average gas price of over $6 per gallon. Patrick De Haan, head of petroleum analysis for Boston-based fuel price assessment company GasBuddy, broke the story that Los Angeles was the first big city in America to breach […]
03/23/2022
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By Arsenio Toledo
Production costs in Germany rise by record-breaking 25.9% due to ongoing energy crisis
German producers reported a record-breaking rise in factory gate costs of 25.9 percent year-on-year for February, pushed upward mainly due to the ongoing energy crisis caused by Germany’s green policies and the war in Ukraine. This data is according to the Federal Statistics Office, a German federal authority responsible for collecting statistical information. The office added that […]
03/08/2022
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By Arsenio Toledo
US crude oil surges to 13-year high of $130 a barrel as Russia-Ukraine war escalates
As oil buyers and investors race to replace Russian crude oil, its price has surged to a 13-year high of $130 a barrel. Right around when the Russian invasion of Ukraine began, the price of oil went above $100 a barrel for the first time since 2014. Since then, the price of oil has skyrocketed even […]
03/04/2022
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By Arsenio Toledo
Oil prices surge to multi-year highs as Ukraine conflict causes ripple effect in global oil supplies
Oil prices are climbing to multi-year highs as the ongoing conflict Russia has embroiled itself in is preventing it from exporting a vast supply of crude, causing a ripple effect on global oil supplies. Russia is the second-largest producer of oil in the world. According to 2020 data from the Energy Information Administration, Russia produced over […]
02/27/2022
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By Arsenio Toledo
Russia selling crude oil at massive discounts as regional conflict turns away regular trading partners
Russia is selling its crude oil at record discount rates as the country prepares for the possibility of tough sanctions from Western nations following the beginning of its war with Ukraine. The crude oil from the oil-rich Ural Mountains region was offered at $11.60 a barrel below Dated Brent, which is one of several internationally […]
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