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Tag: Oil

Crisis in Cuba – Sanctions, Starvation, and Blackouts

???? CUBA'S POWER GRID COLLAPSES UNDER STRAIN Cuba is dealing with a brutal blackout crisis, with power outages lasting up to 20 hours a day. The island’s...

Saudi Arabia Is Playing the Long Game

  Saudi Arabia is doing precisely what governments do when they understand that the world is no longer stable: buying protection, influence, and time....

Price Controls Never Solve a Crisis

Governments never seem to learn from history. Every time energy prices surge, politicians rush to impose price controls as if markets can be commanded to obey...

China Loses Access to Venezuelan Oil

China became Venezuela’s largest oil purchaser through oil-for-debt deals. Socialism failed, and the nation was desperate for funds, especially after being...

The EU to End All Russian Gas Imports by 2027

The European Union will phase out all Russian oil imports by January 1, 2028. New contracts will be prohibited after January 2026; existing short-term contracts...

Exxon Announces Mass Layoffs

Recent data from the Chicago Fed and ADP indicate new hires at a 16-year low. The ADP offered a bit of promising news for large corporations as they managed to...

US Secures $15B Energy Deal with Italy

Italy has finalized a major energy deal with the United States, which will reform energy trade between the two nations. Unlike other European countries that are...

The Strait of Hormuz – Incoming Global Energy Crisis?

Supply chain constraints are inevitable during wartime. Shippers are actively avoiding the Strait of Hormuz that connects the Persian Gulf to the Arabian Sea amid...

Saudi Arabia to Fund Ukraine?

Зеленський перебуває з неоголошеним візитом у Саудівській Аравії. Поговорив із принцом....

Does China Control America’s Strategic Petroleum Reserves?

Sen. Eric Schmitt, R-Mo. Reminded the US Energy Secretary, Jennifer Granholm, “We are not governed by a world government – yet!” The Biden Administration...