Taken from TPM as written by Josh Marshall about the Strait of Hormuz. If you are not aware, the strait is a short cut to the oil fields beyond it. If it is closed, shipping will not be able to transport oil. This will add additional costs of fuel. Pipelines will not make up the […]

Increasing the takings by influencing the public and policy or economic conditions. The money from a takings a business or speculator gets from selling goods or services during a particular period. Is there really a shortage so soon? Oil and gasoline industry are a bunch of pirates, Taken from “Gas prices climb in U.S., Southwest […]

I have listened (tolerantly) to our Pres, pontificating, taking up large sums of my time. It really is a waste of time. The truth of his accomplishments are in the numbers and not in what he claims. A couple of phrases which turn up most of the time when he is jabber-jawing to the nation […]

 – by New Deal democrat If Monday’s ISM manufacturing report was good (but with a dose of inflation), today’s ISM services report for February was even better (but also with a dose of inflation). Together they negative the likelihood of an economic downturn in the next several months (geopolitical idiocy aside).  Let’s take a look. […]

“War Is Expensive for the Little People” – Paul Krugman March 3, 2026 On Sunday, according to the U.S. military, Kuwaiti forces shot down three U.S. F-15s in a “friendly fire” incident. Fortunately, the crews were able to safely eject and survived. The sad truth is that such incidents are common in modern war. One of the […]

New Deal democrat’s commentary earlier today. “What is the effect of Oil and Gasoline Prices on the US economy?” Angry Bear. I guess I am not surprised to see gasoline market prices and oil prices start to increase. That is expected even if there is no reason for it to jump today or even months […]

If you have been reading and earlier commentary Oil Prices are Up, you will get a pretty idea of what is happening with Oil Prices since Trump decided to bomb Iran. Just to point out, here are the top three countries by oil reserves. Top 3 Breakdown:  1. Venezuela ($\sim$303 billion barrels), 2. Saudi Arabia […]

Gasoline around us is still high and about $3.25. What are you seeing for price per gallon of gasoline? They keep talking about a drop. We have not seen it. Charts and graphs emphasizing what is happening with oil, where US oil comes from (imports) and goes to (exports). See the first chart for the […]

 – by New Deal democrat Most official data series remain about one month behind their normal schedule, despite the government shutdown having ended over three months ago. Thus the ISM manufacturing and services reports, as well as the regional Fed manufacturing and services reports, remain the most timely overall barometers of the economy. In the past […]

Commentary by Erica York at the Tax Foundation addressing tariffs and President Trump’s use of them with his intent of protecting the US economy. They don’t . . . ~~~~~~~ “Another paper finds tariffs depress economic activity” After the Supreme Court ruled President Trump’s emergency tariffs unlawful, he immediately implemented a 150-day 10 percent tariff under […]