By Robert Romano Home heating prices are soaring this coming winter, especially in New York and the northeast, where heating oil shortages are looming before the winter has even begun. On Oct. 13, there was a 26-day supply of home heating oil left for the northeast U.S. By Oct. 24, it was down to a 25-day supply , the lowest since 1993, as calls to release the Northeast Home Heating Oil Reserve have already begun , […]

By Robert Romano President Joe Biden is still reeling from the decision earlier this month by OPEC to curtail global oil production as the world prepares for another recession after Covid, induced by inflation levels not seen since the 1970s and 1980s as the post-Covid supply crunch […]

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By Rick Manning The Biden administration’s latest excuse for high gasoline prices is priceless, it’s Trump’s fault. Current Labor Secretary Marty Walsh came out with this astonishing claim in an interview on CNN Newsroom where he said, “if the last administration made investments in refineries, we wouldn’t be where we are […]

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By Robert Romano Germany has reduced overall electricity production from traditional sources by 38 percent, or 198.1 million Megawatt Hours (MWh) since 2002, according to data from the Federal Statistical Office of Germany . Coal and nuclear led the collapse of Germany’s electric grid, from 121 million MWh for coal and 164.8 million MWh for nuclear a […]

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By Robert Romano The Nord Stream natural gas pipelines, which until the war in Ukraine had supplied 1.9 trillion cubic feet a year to Europe, and 55 percent of Germany’s gas alone , appears to have been sabotaged after two recorded blasts resulted in massive gas leaks into the Baltic Sea. Owned and […]

By Robert Romano As global oil prices somewhat ease as Europe’s economy overheats into recession , falling prices will eventually bring along another unfortunate aspect of the business cycle: the impact on labor markets. Inflation and unemployment are said to have an inverse relationship. When prices are generally rising, unemployment is usually […]

Dear Senators and Representatives, We, the undersigned organizations representing a broad spectrum of Americans, write to provide our insight on recent proposals in both the House and Senate regarding “Windfall Profits Taxes” on the oil and gas industry. It is no secret that in the […]