China's Teapot Refiners Slash Output As Hormuz Crisis Crushes Margins

Court Rejects DOE Order To Delay Michigan Coal Plant Retirement By Ethan Howland of UtilityDive A federal appeals court on Friday vacated the Department of Energy’s emergency order requiring the owners of a coal-fired power plant in Michigan to delay its planned retirement, saying the move usurped state authority over generating resources. “The federal government has, until now, issued stopgap generation orders in response only to transitory emergencies caused by war, extreme weather events, market manipulation, or unplanned, short-term unavailability of specific generation units,” the U.S. Appeals Court for the District of...

How Capitalism Reduces Poverty And Creates Wealth Authored by James T. Moodey via American Thinker, The word capitalism was coined in the 1700s. The definition was vague. It generally meant "private property traded freely" or "free markets." However, most non-totalitarian countries had free markets, and these countries in Europe and elsewhere were not particularly wealthy. Their rural people were paupers living off the land, even in England, France, and the U.S. at our founding. We generally regard capitalism as creating wealth, but free markets are not what created the enormous wealth that...

President Trump said in a post on Truth Social on Tuesday that the US was not engaged in talks with Iran and that none were scheduled, a reversal of his earlier claims that there were ongoing negotiations despite Iranian denials. “There are no talks or conversations going on, or scheduled, with the Islamic Republic of […]