Donald Trump has repeatedly claimed that the United States is producing more oil than Russia and Saudi Arabia combined. He has made this statement multiple times in 2026, often emphasizing it as a result of his “Drill, Baby, Drill” policies. Only one little problem… It ain’t exactly true.
EU politics
Politico – Brussels approves Germany’s mega spending plan
EU spending limits are only for nurses and hospitals, not bombs, and only for countries like Greece and Portugal, not Germany. Read the article HERE.
EU politics
Vila Web: Council of Europe says Spain must free Catalan political prisoners and withdraw extradition requests
Committee on Legal Affairs of human rights organization calls out Spanish authorities on independence issue. On the other hand the European Parliament withdrew the immunity of its three Catalan MEPs. Read here
Economics
Bill Mitchell: Deliberately creating mass unemployment now would be the work of vandals and New Keynesians
So there is an inflationary episode under way being driven largely by oil prices, which are fixed by an uncompetitive international cartel. Read Here Photo: Ben Lunsford licensed under the Creative Commons Attribution-Share Alike 3.0
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