shtf
populationcollapse
debtcollapse
starvation
disaster
chaos
foodcollapse
oil prices
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
05/16/2022
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By Arsenio Toledo
US sets new record for gasoline prices as average national price nears $5 per gallon
The average retail cost of a gallon of gas in the United States hit a record-high of $4.374 on Tuesday, May 10, according to the American Automobile Association (AAA). The previous record of $4.331 was set in March. The increase has been mostly attributed to the rising price of crude oil, which last week was […]
05/12/2022
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By Mary Villareal
Americans blame Democrats, Biden’s leadership as gas prices hit record highs
Surveys have shown that Americans blame Democrats and President Joe Biden’s leadership as gas prices reached record high levels. Inflation also hit a 40-year high and the U.S. Gross Domestic Product shrunk 1.4 percent in the first quarter of the year. As voters admit that rising gas prices are touching every aspect of their lives, the economy […]
05/05/2022
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By Mary Villareal
Supply chain on the brink of COLLAPSE as diesel price surge hits trucking industry hard
The price of diesel has reached an all-time high of $5.321 a gallon, leaving the trucking industry reeling and the supply chain on the brink of collapse. Oil and gas prices have also increased, now standing at $4.187 a gallon, just a smidge down from the all-time high of $4.331 set on March 11. The trucking industry relies […]
05/01/2022
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By Mary Villareal
No signs of slowing down: Diesel price jumps 42.8% from beginning of the year, way ahead of gasoline’s 25% increase
The increase in diesel price has raced past that of gasoline. Data from the Department of Energy‘s Energy Information Administration (EIA) showed that diesel price has jumped a staggering 42.8 percent while the price of gasoline has increased 25 percent from the beginning of the year. Given the enormous role of Russia as a supplier of […]
04/22/2022
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By News Editors
David Stockman on inflationary hell that’s about to break loose
It is only a matter of time before Kiev surrenders to the Russians, with or without their clown-car president signing the armistice. But that deal will be so onerous from Washington’s perspective that it will not mark the end of the sanctions war, but will be an excuse for its actual intensification and indefinite prolongation. […]
04/19/2022
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By Mary Villareal
Meat producers react as Biden issues emergency waiver that allows selling gasoline with 15% ethanol
President Joe Biden issued an emergency waiver that allows gasoline stations nationwide to sell gasoline with 15 percent ethanol. With the record-high prices and soaring levels not seen since 1981, Biden effectively paused a federal environmental regulation that prohibits this biofuel mixture in the summer to limit smog. Biden’s action, however, could lead to higher meat […]
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
03/31/2022
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By Ramon Tomey
Saudi Arabia may increase oil prices amid Russia-Ukraine war
Saudi Arabia may increase the price of its crude oil as the repercussions of the Russia-Ukraine war are felt throughout global markets. An assessment by Bloomberg found that state-owned petroleum company Saudi Aramco may raise the selling price of its flagship Arab Light crude to $5 a barrel in Asia. The news outlet added that the price increase […]
03/31/2022
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By Ethan Huff
Saudi Arabia says it can’t ensure oil supply stability amid “jittery period” of global instability
Prince Abdulaziz bin Salman, Saudi Arabia’s energy minister, said his country can no longer ensure energy security due to a “jittery period” in the world’s markets. What was once a sure and steady supplier of oil has become another casualty, or so we are told, of an escalating world war, which is conveniently collapsing just about […]
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