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While “Drill Baby Drill” is the mantra, crying in their beer may be the reality. OPEC has recently reopened the spigots boosting supply, pushing down oil prices. Moreover, the tariff announcement has triggered fears of trade wars which would reduce…

Tariff totals Trump 1.0 boosted tariffs from 1.2% to 3.2%. Yesterday, he boosted the average tariff on US imported goods to 24%, higher than the disastrous 1930 Smoot-Hawley Tariff Act, and international trade is proportionally 3x larger than then. The…

The Friday File: Last week astronaut Frank Rubio returned to Earth after having spent a US record-breaking 371 days in space. He was to return to Earth in March, but a micrometeorite poked a hole in his Russian-made return ship.…

While releases from the Strategic Petroleum Reserve totaling 180 million barrels will soon end, the benefits may not. The releases, intended to lower pump prices and which came under political pressure, were sold for an average price of $96.25/bbl. With…

Looking at all World Cup winners from 1962 through 2018, economic analysis suggests winning the WC boosts domestic GDP by at least 0.25% in the two subsequent quarters primarily due to export growth. For example, 1.12 billion people watched the…