(Natural News) A billionaire oil refiner has warned that America’s economic crisis could get worse, especially if the Federal Reserve keeps increasing interest rates and President Joe Biden doesn’t increase oil production. John Catsimatidis, CEO of supermarket chain Gristedes and chairman of the Pennsylvania-based oil company, the United Refining Company, warned that the Federal Reserve’s […]

(Natural News) The European Union (EU) has just agreed to a partial ban on Russian oil imports. This ban, once fully implemented, is expected to cause oil prices to skyrocket. But Russian officials say the embargo will leave them relatively unscathed. The EU relies on Russia for more than 25 percent of its oil and 40 […]

(Natural News) The European Union (EU) has recently decided to expand its economic sanctions on Russia for the invasion of Ukraine with an embargo on Russian oil. This decision is expected to make record-high global oil prices surge even higher. On May 30, EU leaders agreed to embargo around 90 percent of Russian oil imports to the […]

(Natural News) As more Americans take to the skies for the summer travel season, they are forced to deal with airfares that are surging due to demand, elevated operational costs and inflating oil prices. Airfares at America’s three largest domestic carriers – American Airlines, Delta Air Lines and United Airlines – are up by nearly […]

(Natural News) Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will […]

(Natural News) Truckers continue to struggle as diesel prices in the United States hit record levels. On Thursday, May 12, the average price of diesel in the U.S. hit a record-high of $5.62 a gallon, an increase of nearly 20 cents from a week ago. This also represents an increase of more than $1.50 a gallon from […]

(Natural News) The average retail cost of a gallon of gas in the United States hit a record-high of $4.374 on Tuesday, May 10, according to the American Automobile Association (AAA). The previous record of $4.331 was set in March. The increase has been mostly attributed to the rising price of crude oil, which last […]

(Natural News) Widespread diesel shortages will affect everything in America from the food supply to manufacturing and services. Refiners in the United States are now receiving an average of over $150 per barrel from the sale of gasoline and diesel at wholesale prices, while paying only around $100 to purchase crude. It suggests a margin of around $50 […]

(Natural News) As Russia is an exporter of energy and minerals, higher prices result in more export earnings. It is Americans and Europeans hit with the high prices who are experiencing the sanctions. (Article by Paul Craig Roberts republished from FreeWestMedia.com) Ask yourself why with supply shortages, disrupted supply chains from the mindless lockdown policy, and […]

(Natural News) An oil company owned by the Chinese government announced plans to drop its assets in Western countries for fear of sanctions that may be imposed on it. Industry sources confirmed to Reuters in late March that China National Offshore Oil Corporation (CNOOC) is preparing to divest its operations in the U.S., U.K. and Canada due […]