Author: Author1

Assessment: The president has repeated his promise to do “everything” he can to reduce gas prices EXCEPT produce domestic oil.

President Joe Biden announced his decision to ban oil imports from Russia at the White House on Tuesday, just days after his administration argued against the idea.

“We will not be part of subsidizing Putin’s war,” Biden said, painting the decision as a moral one after Russian president Vladimir Putin escalated his war in Ukraine.

Biden’s ban was announced as he faced growing pressure from a bipartisan coalition of members of Congress to pass their own bill to ban Russian oil imports.

White House press secretary Jen Psaki and other Biden officials spent days defending their decision not to ban oil imports from Russia, warning it would only enrich Putin by raising gas prices.

“If a ruler pays attention to lies,
All his servants become wicked.” Proverbs 29:12

“It also has the potential to pad the pockets of President Putin, which is exactly what we are not trying to do,” Psaki said during a press briefing Thursday when asked why Biden had not announced a ban on oil imports from Russia.

In recent days, many oil companies already announced plans to eliminate Russian oil from their portfolios. Even Shell announced their decision to stop purchasing crude oil on Tuesday after purchasing a significant amount of discounted Russian crude oil days earlier.

But Biden described his announcement as “another powerful blow to Putin’s war machine.”

News of Biden’s ban caused the price of oil to jump on Tuesday.

Read More @ Breitbart HERE

Assessment: Does ‘pot hole’ Pete’ know that electricity is not free? Does he know that the cost of an EV can be significantly more expensive than a gas powered car? I don’t think he does.

When will we ever learn not to fret over what’s going on in the world? Our Democrat party overlords know what’s best for us, and all we have to do is simply follow their suggestions. After all, their solutions are so simple.

Take high gas prices for example. So many of us peons worry about the skyrocketing price of gas at the pump, but America’s brilliant Secretary of Transportation Pete Buttigieg has a fix for gas prices that’s so easy it’s almost ridiculous. Why, you just need to buy an electric vehicle, you silly goose.

“A fool takes no pleasure in understanding, but only in expressing his opinion.” Proverbs 18:2 ESV

(South Bend Indiana potholes )

“Clean transportation can bring significant cost savings for the American people as well,” Buttigieg said in a speech. “Last month, we announced a $5 billion investment to build out a nationwide electric vehicle charging network so that people from rural to suburban to urban communities can all benefit from the gas savings of driving an EV.”

Pete Buttigieg wants people to simply buy an electric car so they don't have to worry about rising gas prices. pic.twitter.com/VBcIfRotvE

— TheBlaze (@theblaze) March 7, 2022

Why worry about high gas prices when Mayor Pete comes to the rescue with a big ol’ fistful of taxpayer money? Those EV charging stations will be ready to go when you are … eventually, that is.

Read More @ PJ Media  HERE

Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy while raising inflation.

The Dow Jones Industrial Average lost about 720 points, or 2.1%. The S&P 500 declined 2.6%, falling deeper into correction territory. The 500-stock average sits nearly 12% from its record close. The Nasdaq Composite lost 3%, and not sits 19% from its all-time close.

As the Russia- Ukraine war continues, investors are monitoring the potential economic ramifications of disruptions in the global supply of energy.

“Consequently, ‘stagflation’ is rapidly becoming the central focus in portfolio strategies,” said Jim Paulsen, chief investment strategist for the Leuthold Group. “Preparing for slower growth and more persistent inflation is driving investor fears and actions.”

Read More @ CNBC HERE

Assessment:  “Wheat futures have surged by more than 40% over the last five days, on track for the biggest weekly rise since at least 1959,” reported the outlet. High prices are only a part of the problem. Some countries might soon be brought to starvation 

The war in Ukraine will most likely disrupt the global food supply chains, which will drastically undermine food security worldwide. Hunger will likely become a reality for some 474 million people living in Northern Africa and Middle East (MENA) countries in the near future, warn economists.

Some of the Ukrainian cities, such as Kiev, the capital, and Kharkov, the country’s second largest city, are already seeing severe food shortages due to the ongoing Russian attack, but it is only a tip of the iceberg.

““You have sown much, and bring in little; You eat, but do not have enough;
You drink, but you are not filled with drink; You clothe yourselves, but no one is warm; And he who earns wages, Earns wages to put into a bag with holes.” Haggai 1:6

“The bullets and bombs in Ukraine could take the global hunger crisis to levels beyond anything we’ve seen before,” said World Food Programme’s (WFP) Executive Director David Beasley on Friday. He added, “This is not just a crisis inside Ukraine. This is going to affect supply chains, and particularly the cost of food.”

The WFP, an agency of the United Nations, is warning, “The Russian Federation and Ukraine are responsible for 29% of the global wheat trade. Any serious disruption of production and exports from the region could push food prices beyond their current 10-year highs.”

The WFP said that before the war, it was purchasing around half of its wheat from Ukraine to feed hungry people in countries such as Yemen, Ethiopia, and Syria. The agency added that the conflict will drive the operation costs by $15 million per month, meaning “less people are going to get food, which means more people are going to go to bed hungry,” per the agency.

The price of wheat is soaring globally. “The Russia-Ukraine war is fueling the ‘biggest supply shock to global grain markets’ in living memory,”

‘Read More @ New American HERE