ENERGY

Oil plunged again today, on pace for its longest weekly losing streak since 2018, after inflation data prompted some fears that The Fed will not be cutting rates as soon as many hoped.

Traders are worried that the Fed does not have inflation under control and will have to keep the foot on the accelerator when it comes to interest rates, said Phil Flynn, an analyst with the Price Futures Group.

The oil market shrugged off reports from The BBC that Yemeni's Iran-backed Houthi rebels (more…)

Oil prices are rebounding modestly today after yesterday's puke (though WTI is still on pace for its longest weekly losing streak since 2018), as OPEC forecast a significant shortfall in global oil supplies next quarter.

It even raised forecasts for the (more…)

Democrat lawmakers in Washington State want to jail residents for using gas-powered landscaping tools such as leaf blowers and edgers.

State Rep. Amy Walen (D-Kirkland) has pre-filed legislation which would radically alter the state's Clean Air Act, according to Jason Rantz of MyNorthwest, who reports that HB 1868 would ban "gasoline-powered and diesel-powered landscaping and other outdoor power equipment" for "contributing to climate change."

As (more…)