ENERGY

Trump Says US Oil Companies Are Making a ‘Fortune’ Due to the Iran War

(Dave DeCamp, Antiwar.com) President Trump on Saturday boasted that US oil and gas companies are making a “fortune” due to the shipping disruptions in the Strait of Hormuz caused by his war with Iran, and dismissed the high gas prices that Americans are facing at the pump. “While oil prices are...

Poll: Majority of Voters Say Their Household Finances Worse Off Than Year Ago

(Brett Rowland, The Center Square) Seven in 10 American voters say their household financial situation is worse off than a year ago, a new national poll found. Just one in 10 said their income outpaced their expenses. The Center Square Voters’ Voice Poll found 15% of registered voters said their...

Trump’s Russia Sanctions Waiver Infuriates Congress

(Headline USA)  President Donald Trump's abrupt decision to waive sanctions on Russia days before they were to take effect drew outrage Saturday from members of Congress, which had overwhelmingly passed the legislation in a bipartisan display of American support for Ukraine in the war with Russia. Lawmakers from both parties...

Iran War Hits American Wallets Hard

(Headline USA) More than seven months into the U.S. war with Iran, sharply higher fuel prices are making it more expensive to drive and fly and adding to the cost of some goods, prolonging the strain on American households as the midterm elections approach. Motorists and airline passengers have borne...

Trump Puts Russia Sanctions on Ice

(Headline USA) President Donald Trump on Friday signed an executive order that puts on hold a sweeping new sanctions package targeting the Russian economy, telling Congress the pause was in the national interest. Trump personally signed the legislation just last month and his move came just two days before a...

U.S. Inflation Rises to 3.7% in September Report

(Andrew Rice, The Center Square) U.S. inflation rose 0.6% in September for an annual rate of 3.7%, according to a new report from the U.S. Bureau of Labor Statistics.  The September rate marks a significant increase from the overall 3.4% inflation in July and August. The price index for gasoline...

SpaceX Plans Massive Wharf, Road Network on Louisiana Coast

(Nolan Mckendry, The Center Square) SpaceX is planning to build a massive maritime shipping complex on Louisiana's Gulf Coast, complete with docking facilities, access roads and extensive cargo-handling areas, according to state records detailing the company's expanding plans in Vermilion Parish. The project would establish a major new industrial shipping...

Six Senators Call for Trump Administration to ‘Immediately Reverse Course’ on Russian Diesel Plan

(Headline USA) A bipartisan group of six senators on Sunday called for President Donald Trump's administration to “immediately reverse course” on a plan to purchase diesel from Russia as part of an effort to lower high fuel prices. Trump shocked lawmakers when he announced on social media Friday that he...

Hurricane Sweeping Florida Kills 2, Wreaks Havoc

(Headline USA) Isaias roared onto the Florida Panhandle, ripping roofs off homes and condominiums, before it moved north Saturday, bringing torrential rain and the threat of flash floods and tornadoes across the Southeast. Two people were killed by fallen trees and about 800,000 customers were without power, mostly in Florida and...

Report: Trump Might Bomb Iran Before Midterms

(Dave DeCamp, Antiwar.com) The White House has asked the Pentagon to develop plans for attacks on Iran that could be carried out before midterm elections are held on November 3, according to a report from The Atlantic. Unnamed Trump administration officials told the outlet that the planning underscores how much...

Oil Surge, Tech Selloff Rattle Wall Street

(Headline USA) Some sharp reversals kept financial markets unsteady on Thursday, as oil prices rose and U.S. stock indexes finished mixed. The S&P 500 fell 0.5% for a second straight loss after setting its all-time high. The Dow Jones Industrial Average added 51 points, or 0.1%, and the Nasdaq composite...

Republicans Mull Federal Gas Tax Holiday with Price Tag of Millions

(Thérèse Boudreaux, The Center Square) With the national average gas price hovering around $4.37 per gallon, some Republicans are pushing for a temporary suspension of the federal gas tax. Doing so would provide Americans some savings at the pump, but it would also cost billions each month and potentially hasten...
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