President Orders Lower Gas Prices
The president just called for gas station owners to lower prices at the pumps. This proves that he is either and idiot and doesn’t that gas prices and inflation are…
Currency and Oil Price, a Double Whammy
By Antonio Graceffo, PhD. The Financial Times reported that “Italian and Greek borrowing costs jump on eurozone rate fears". These countries not only have high debt, but because they are…
China and EU Consumption of Russian Oil and Gas
China consumes 12,791,553 barrels per day. Russia produces an average of 11,262,746 barrels per day, roughly 12% of the world's oil. Russia uses 3,631,287 barrels, imports 15,047 barrels, and has…
Gas Prices and Inflation
According to Federal Reserve Chair Jerome Powell, every $10 increase in the cost of a barrel of oil raises inflation by .2%, which reduces economic growth by .1%. Brent crude…