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The Biden administration is seizing on huge earnings calls from oil companies as it seeks to give voters a response to relatively high gasoline prices ahead of next week’s midterms. President Biden has repeatedly sought to place blame on the industry for the high prices, but has ramped up its rhetoric in the wake of massive earnings. And while analysts say that large parts of the price are set by the global oil market, not by individual companies, the optics of massive profits while Americans struggle with inflation gives the administration something to cling to. In total, seven of the...

Republicans have the edge over Democrats with one week to go before the midterm elections — boosted by a major swing toward the GOP among white suburban women, a new poll released on Tuesday found.​ The Wall Street Journal survey shows 46% of registered voters would support the Republican candidate in their congressional district, while 44% would support the Democrat. While the GOP’s edge is within the poll’s margin of error, the survey shows Republicans erasing Democrats’ three-percentage-point lead on the generic ballot from August (47%-44%). The poll also shows white suburban women — who the Journal’s pollsters say make...

Joe Biden and his administration’s extreme energy policies have predictably resulted in sky-high costs for American families. Biden has become increasingly desperate to shift blame and he is reportedly considering a new plan: raise energy taxes. ... Biden’s solution for high prices is raise taxes on energy producers, who will then pass that cost onto American consumers. Higher taxes do not bring prices down. Daniel Turner, our founder, and executive director was quick to blast the president’s plan. “Out of time and answers, the Biden Administration is trotting out another policy straight out of the 1970s in a transparent attempt...

Driving up prices are supply troubles with natural gas, used in New England’s gas distribution and electric systems. November is here, and so are higher utility rates for Massachusetts customers. The Massachusetts Department of Public Utilities has approved suppliers’ new gas and electric rates, WCVB reported, with bills expected to rise after new rates went into effect Tuesday. National Grid previously warned residential heating customers that they could see their bills increase 22% or 24% from last winter, depending on whether they fall under Boston Gas or Colonial Gas. Massachusetts’ other major utility company, Eversource, similarly predicted that average residential...

mericans experienced the impact of labor and product shortages in earnest during the COVID-19 pandemic. More than two years later, shortages continue to arise and impact Americans. Earlier this month, Americans learned there was less than a month of diesel supply left in storage. It is the lowest storage supply since 2008 and has led to skyrocketing prices as U.S. refineries struggle to keep up with demand. But it doesn't stop there. Dozens of other sectors are struggling to meet demand––and the U.S. has experienced shortages ranging from employees to medications to parts needed for U.S. defense contractors' weapons.

The voter panel aired on Fox News on 10/29/22

The United States' declining diesel fuel reserves will worsen the fallout from Russian President Vladimir Putin's decision to end participation in a grain deal with Ukraine, retired Air Force Brigadier Gen. Blaine Holt warned Monday. In an interview on Newsmax's "Wake Up America," Holt said the dwindling reserves are akin to throwing "a few more logs on this fire," and will have a wide effect in the United States. "We are down to somewhere between 20 and 25 days of strategic reserves in diesel fuel," he said.

How bad is inflation under Biden? Consumer credit outstanding soared by 8.1% YoY in August as the inflation rate soared to 8.2%. Meanwhile, the personal savings rate YoY cratered to -59.3%. Of course, Biden is his tone-deaf manner told Americans to buy a cheaper brand of bran cereal. What a complete and utter mess under Inflation Joe and Foul Powell (on the prowl).

Things are getting more interesting in the U.S. Senate race between that barnacle-encrusted boat anchor, Sen. Patty Murray (D-Wash.), and veterans’ activist and nurse Tiffany Smiley, the Republican. RealClearPolitics has moved the race from “leans Democrat” to “toss-up.” One poll predicts that “right now, the Washington Senate race has become ground zero for a wave election upset.” Smiley has been ascendant in recent weeks and has received key aid from Mitch McConnell and his Senate PAC money. She has acquitted herself well on the campaign trail and during debates. A recent poll put Murray up by eight points, but she’s...

President Joe Biden on Monday will raise the possibility of imposing a ‘windfall tax’ on energy companies, as his administration aims to combat high gas prices just days before the midterm elections. The White House said Biden will deliver remarks to respond ”to reports over recent days of major oil companies making record-setting profits even as they refuse to help lower prices at the pump for the American people." A person familiar with the matter said Biden will float imposing a tax on the profits of energy companies, as he seeks to pressure them to lower prices for consumers. The...

A perfect storm is taking place in the diesel market, with dwindling diesel reserves, a drought on the Mississippi River pushing more product to rail and truck, and a possible rail strike leading to a surge in prices that is expected to continue. Diesel prices have increased by 33% for November deliveries. “The national average price for diesel today is $5.30 per gallon and is expected to go up 15 to 20 cents in the next few weeks,” said Andy Lipow, president of Lipow Oil Associates, LLC. Reserves for diesel this time of year have not been this low since...

Environmentalists and trucking industry groups sparred with clean air regulators today over a contentious proposal to phase out California’s big rigs and other trucks with internal combustion engines, and force manufacturers to speed mass-production of electric trucks. The California Air Resources Board held its first public hearing on rules that would ban manufacturers from selling any new fossil-fueled medium-duty and heavy-duty trucks by 2040. The new rules would also require large trucking companies to convert their fleets to electric models, buying more over time until all are zero-emission by 2042. The move is part of the state’s wider strategy to...

“I’m with a pretty good company and they take care of us pretty good,” he said. Over the years, he’s seen diesel prices go up and down, but lately, he’s noticing an uptick in certain cities. Not only that, but he also is concerned about supply. “It’s going up and going up... when you can find it,” said Mullis. His concerns are warranted. Mansfield Energy Corporation issued a supply alert, saying poor pipeline shipping economics and historically low diesel inventories are all combining to cause a shortage in parts of the southeast. Some gas stations have already increased diesel prices...

Q (Martha Raddatz): "The economy, inflation — that's a big issue with you. Why?" VOTER: "Because the prices have gone so high!" Q: "So are you hoping for a red wave?" VOTER: "Yes. Things seemed better before."

As an internationally renowned scholar and expert on energy markets and geopolitics, Daniel Fine helped shape the thoughts and decisions of policy makers and industry leaders over decades in Washington, D.C., and in New Mexico. A lifelong Harvard fellow and research associate with the Massachusetts Institute of Technology, Fine had a direct influence on government affairs, frequently providing expert guidance on energy issues and international relations among the top echelons of public and private agencies.

Thursday, during an appearance on FNC’s “The Faulkner Focus,” House Minority Leader Kevin McCarthy (R-CA) responded to reports that only 25 days of diesel supply is left in the United States. McCarthy said the only possible justification for President Joe Biden’s use of the strategic petroleum reserve was political. “This doesn’t have to be,” he said. “Two years ago, we were energy-independent. On the very first day that this president came in, where Democrats took total control of the House and the Senate, the first thing they did was to cut domestic ability to produce oil and gas.”

Things haven’t looked this bad for the U.S. economy since 2008. We are in the midst of the worst inflation crisis in decades, the housing market has started to collapse, some of the largest companies in America have begun laying off workers, and economic activity is slowing down all around us. Of course Joe Biden is telling us that our economy is “strong as hell”, but that is just because he wants his party to do well in the upcoming elections. Ultimately, anyone that takes a truly objective view of things is forced to admit that the outlook for the...

Tuesday on FBN’s “Varney & Company,” former House Speaker Paul Ryan (R-WI) predicted Republicans would not nominate former President Donald Trump to be the party’s 2024 nominee. According to Ryan, “anybody not named Trump” was the GOP’s best opportunity for success. “Is Donald Trump electable in 2024, bearing in mind that you have a history with Mr. Trump?” host Stuart Varney asked.

WASHINGTON (Reuters) - Under pressure over his handling of inflation, U.S. President Joe Biden took aim on Monday at opposition Republicans, warning their economic plans would cause chaos in the world's largest economy if they won control of Congress in Nov. 8 elections. Biden appeared before a young, energetic crowd of Democratic National Committee workers at DNC headquarters, who greeted him with chants of "Let's go Joe!" That enthusiasm is not reflected in his nationwide approval ratings, which remain below 50%. With 15 days before the midterm elections that will determine the course of the final two years of Biden's...

After releasing the most oil ever from the U.S. emergency petroleum reserve, the Biden administration is signaling it will refill soon, a multibillion-dollar undertaking that it hopes will rouse sluggish domestic drilling activity. The pitch is likely to be a hard sell for many domestic producers, say industry executives and analysts. “It’s a little bit more [complex] than this,” said Olivier Le Peuch, chief executive of oil-field services company Schlumberger Ltd. On Wednesday, President Biden said for the first time that the Energy Department would begin purchasing oil to refill the U.S. Strategic Petroleum Reserve when oil prices are $67...