category

Inflation

Biden oil lease program giving away 50K jobs, 500K barrels

American Petroleum Institute Senior Vice President Frank Macchiarola details a study that found Biden’s five-year offshore oil and gas lease programs cost the U.S. the same amount of oil imported from Russia before its invasion of Ukraine.

John Lonski on when a recession could be expected

Thru the Cycle President John Lonski argues as ‘stimulus is taken away,’ the U.S. economy will slow down and ‘with that the unemployment rate rises,’ which could lead to a recession based on historical patterns.