As US Drivers Suffer High Gas Prices, Big Oil Celebrates and Plans Big Payouts for Shareholders

As US Drivers Suffer High Gas Prices, Big Oil Celebrates and Plans Big Payouts for Shareholders

  “These companies want Americans to believe price spikes are simply the unavoidable result of global events, but their own executives are openly telling investors that volatility, conflict, and supply disruptions are good for business.” A Tuesday report from Groundwork Collaborative reveals how fossil fuel companies are not merely scoring windfall profits from President Donald Trump’s illegal war […]

Trump Economic Adviser Boasts That US Consumers Are ‘Spending More on Gasoline’ and ‘Everything Else’

Trump Economic Adviser Boasts That US Consumers Are ‘Spending More on Gasoline’ and ‘Everything Else’

  “Is this supposed to be a brag?” said US Rep. Mark Pocan. National Economic Council Director Kevin Hassett on Wednesday tried to put a rosy spin on President Donald Trump’s economy by highlighting the large credit card bills being racked up by US consumers. During an interview on Fox Business, Hassett cited credit card […]

Trump Invokes Wartime Law to Fulfill ‘Wish List for Oil, Gas, and Coal Industries’

Trump Invokes Wartime Law to Fulfill ‘Wish List for Oil, Gas, and Coal Industries’

  “Trump is abusing emergency authorities and wasting taxpayer resources through unprecedented abuse of the Defense Production Act to promote his politically favored fossil fuel projects.” US President Donald Trump on Monday invoked wartime authority in an effort to boost domestic fossil fuel production—with the help of taxpayer funding—as his administration faces growing political backlash over gas price spikes, […]

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