Report on Oil coming out of the middle east as Trump and Iran try to find common ground. This is way out of the ordinary and pretty much did not have to occur except for an oversized ego in the western hemisphere trying to make his mark globally. I am sure people will remember this […]
Newsweek piece detailing how Republicans are going to solve the issue of expensive gasoline. The U.S. military operations against Iran initiated on February 28, 2026, After all of this, Iran still has the capability to disrupt shipping passing through the Strait of Hormuz. Iraq does not need much to disrupt shipping. Seriously, the disruption is […]
Brief review on the Oil Situation created by Trump and the US. Another week of consequential developments, including a potential new chair at the Fed and more war delivering higher prices. “Who’d a Thunk It? We’re Bogged Down In a Middle-East War,” Jared Berstein substack It has long been clear to me that Trump views […]
Pres. Trump has found a way to impact the global economy. And he did it by attacking Iran. His attack will also have a huge impact on the United States and every other country using oil or its byproducts. Looking for a recessional economy in the near term even with secure oil resources. Paul Krugman […]
This showed up as a comment in the “Loss of Confidence” commentary. The author (John) admits he was off topic. And he is off topic to the topic of that post. Rather than trash a good comment, there is enough of it to make a post out of John Hofer’s comment. Read on . . […]
Self-sufficiency does not mean stable pricing in the United States as Paul Krugman explains in his earlier March commentary. There is no allegiance to US citizens by oil companies. Give the tax breaks and citizens still pay. “The Impotence of Drill, Baby, Drill,” Paul Krugman, March 10, 2026 America produces a lot of oil. It […]
If the Strait stays closed, look out above. – Paul Krugman March 13, 2026 Source: FRED I did not have time yesterday to do a full post for today, but wanted to say something I suspect many economists are thinking, but which I haven’t seen clearly expressed: the world economy’s very robustness to oil price […]
Summing it up as to what our current president is doing to make the United States and the rest of the world safer and economically better. Nothing, just worse, “Double Standard at the Top, When One Tremor Ripples Across the Globe, & The Quiet Crisis in America’s Living Rooms,” Kareem Takes on the News Summary: […]
With Trump’s attacks on the Middle East (Iran, we can expect higher prices for oil and more than likely lower inventory. Trump has signaled that the war in Iran could last four to five weeks—or go “far longer.” If tensions in the region continue, it could cause major disruptions to global energy markets and trigger widespread inflation. As […]
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 […]