Energy in America

President Trump in his remarks at a new Shell plant took aim at New York State and its pipeline and fracking policies.

'If you had not had the shale boom, the hydraulic fracturing drilling, technology that’s came to the marketplace, you would see well over $100 barrel of oil,' said Rick Perry.

What a difference a year makes. The price is 18 cents lower than what it was a year ago.

"President Trump doesn't want a very good economy, he wants a great economy," White House trade adviser Peter Navarro said.

If American companies are forced to withdraw and forfeit their assets in the embattled nation, China and Russia will swoop into the region - as they are already attempting to do.

Where could gas prices drop below $2 per gallon?

One thing to remember about all of this predicted doom and gloom is the last time Brent crude dipped into bear market territory, it was a lot closer to the bottom than the top.

The United States also responded to a decline in China's yuan on Monday by branding the country a currency manipulator.

The news agency reported the ship was seized near Farsi Island, where a Revolutionary Guard naval base is located. The island sits in the Persian Gulf between Saudi Arabia and Iran, north of the Strait of Hormuz.