From WSJopinion: If you suspect $5 gas is due to the U.S. and the world keeping Russian energy off the market, think again: The U.S and its allies have largely failed to keep Russian oil off the market, writes Holman W. Jenkins
Journal Editorial Report: The president says prices aren't his fault. Images: AFP/Getty Images Composite: Mark KellyActually, today’s oil price isn’t that high. The recent peak of $128, after inflation, is still $33 lower than the price in April 2011. For all the talk of Ukraine, 55% of the current increase since last December occurred prior to the Russian invasion.
So something else is going on and that something is a normal adjustment to an abnormal event: a two-year global pandemic that knocked gasoline demand for a loop. It caused dozens of refineries to be idled, some of which were so creaky that it made no sense to
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Russia blames Ukraine for food crisis created by Russian invasionAs Russian warships blockade Ukrainian ports, Russian officials have begun accusing the government in Kyiv of creating a global food crisis.
Consulte Mais informação »
Opinion: California lawmakers choose month-long recess over enacting relief from gasoline costYou can't make this up department: Legislators' vacation begins the same day another state gasoline tax hike takes effect.
Consulte Mais informação »
Why A Gas Tax Holiday Probably Won’t WorkThe gasoline tax holiday being proposed is unlikely to provide any noticeable relief to high gasoline prices.
Consulte Mais informação »
Gas prices trigger Pavlovian political promisesCall it, for lack of a better phrase, the “Gas Price Derangement Syndrome.”
Consulte Mais informação »
Condition of Chicago's Walking Man upgraded after suffering burns in attack near Trump TowerSurveillance video allegedly shows a man pour gasoline over Joseph Kromelis' uncovered head and ignite it.
Consulte Mais informação »