WTI Extends Gains As Crude Exports Slide, SPR Drain Continues, 'Tank Bottoms' Hit

Even Dems Are Questioning Rep. Swalwell's Eligibility To Run For Governor Authored by Luis Cornelio via HeadlineUSA, Rep. Eric Swalwell has long maintained his primary residence in Washington, D.C., despite representing large portions of California in Congress. Now that he is running for California governor, his apparent on-paper-only California residency is under scrutiny - even from fellow Democrats.  Eric Swalwell / IMAGE: Evening Standard via YouTube Tom Steyer, a left-wing billionaire donor who is also running for the Democratic nomination for governor, called on California Secretary of State Shirley Weber to enforce the state’s...

Zero Sum: Cities Have Little To Show For Big Spending Authored by Jeremy Portnoy via RealClearInvestigations, America’s largest cities are increasing their spending at almost unprecedented rates. A RealClearInvestigations (RCI) analysis of cities with at least 500,000 residents found they cumulatively raised their per-person spending by 18 percent over the last 10 budget cycles, accounting for inflation. The only equivalents on record are the spending surges ignited by the Great Society programs of the 1960s and Franklin D. Roosevelt’s New Deal during the 1930s. But unlike those past eras, today’s cities do not have...

First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires" Rep. Ro Khanna (D-CA) - fresh off endorsing California's November ballot measure to seize 5% of billionaire wealth - published a Substack essay Wednesday titled, no really, "Why I Support a Billionaire Wealth Tax." He makes it roughly a dozen paragraphs before explaining that it isn't one. "The tax should not stop at billionaires, it must reach centimillionaires," Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a...