America’s Strategic Petroleum Reserve has fallen to 293.4mn barrels as Washington draws down emergency stocks Read Article HERE Photo: Wikimedia Commons
The Iran war has pushed the global oil refining industry to the brink, signalling that diesel and gasoline prices may remain elevated for years. Deal or no deal, the global energy inflation shock is far […]
The chipmakers are making money hand over fist, the energy providers are doing okay, the hyperscalers have less to show, and the AI companies are losing bucks bigtime. Dean Baker is a Senior Economist at […]
Treasury Secretary Scott Bessent had a schizophrenic Thursday. Asked on CNBC why oil had jumped on the administration’s latest Iran threats, he professed bewilderment: “I’m not sure why oil has popped up on this.” In […]
Finland abandoned it’s socialist policies to embrace Russiphobia, join NATO and give billions of Euros to US and Israeli arms companies, thus furthering the interests of neo-liberalism and the Epstein Class Nate Bear is a journalist, […]
In my previous piece — The Walls Have Doors Now — I argued that Treasury Secretary Scott Bessent’s promised “measures like have never been seen in the history of the economic isolation of a country” […]
The entire pacific and cosmopolitan spirit if the nineties is exposed as an ideological cover to service interests of the rich Branko Milanović is an economist specialised in development and inequality. His latest book, The […]
Having lost the military war against Iran, the US is about to lose the economic war with its “Operation Economic Fury” offensive Larry C. Johnson is a former CIA officer and intelligence analyst, and former […]
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