…U.S. in huge quantities, if at all. Some of the best beer and wine, cheese, and olive oil available at your supermarket is not produced here. All will cost more…

…governments, sometimes in the midst of war. They facilitated a secret Iran-Israel oil pipeline to get around trade sanctions after the Ayatollah took power, later also used to move oil…

…immediate cause was the Arab oil embargo, which sent oil prices soaring. The economy at that time was far more dependent on oil than is the case today. Soaring oil…

…for scale) and for the period predating that statistic, the price of oil (orange, /20 for scale): [To be supplied] The oil price shocks stand out, as the YoY change…

…of Minnesota environment is not something “we” should allow to be destroyed for corporate profits. ~~~~~~~ Earlier I had posted on oil and gas exploration in Alaska. Trump revived what…

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…

AB: In the past attacks in the Middle East did result in oil and gasoline shortages., I expect the same to happen. Also expect higher oil prices even if no…

…do Trump’s dirty work. There is no “we” in this. Oh and so now that the United States has attacked Iran, oil is being cut off. Gasoline prices are artificially…

…Sunday as oil prices rose above $100 per barrel for the first time since 2022, Trump sought to assure anxious Americans that it was a temporary problem. “Short term oil…

I have not seen the latest inflation rate since Trump decided to take the nation to war in Iran. Oil jumped in cost and has not really settled back to…