Biden versus Bastiat

As the war in the Middle East escalates to attacks on energy infrastructure, the White House is taking extensive measures to put downward pressure on oil prices.  Treasury Secretary Scott Bessent told Fox Business’s Maria Bartiromo on Thursday that the US had lifted some oil sanctions on Russia and could also remove some Iranian tankers […]

Trump's Venezuela Oil Plan Runs Into Hard Reality Authored by Andrew Topf via oilprice.com, Last week US President Donald Trump announced that Venezuela’s interim authorities will turn over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela's oil sales “indefinitely”. Decrying the state of Venezuela’s oil sector, including that the South American country now pumps a fraction of what it used to, Trump said, “We’re going to have our very large United States oil companies — the biggest anywhere in the world — go...