News

US Gasoline Demand Fell Further Amid Long-Term Structural Shift: Plunging Per-Capita Consumption Authored by Wolf Richter via Wolf Street, Gasoline consumption in the US, in terms of product supplied to gas stations, declined by about 1% in 2025, to 8.91 million barrels per day, according to EIA data, below where consumption had first been in 2003, even though the US population increased by 52 million people, or by 18%, over the same period. Compared to the peak in 2018, gasoline consumption in 2025 fell by 4.5%. Compared to the prior peak in 2007, gasoline consumption is down […]

Dems To Keep Blocking DHS Funds Despite Noem Firing On Thursday, President Donald Trump fired Department of Homeland Security Secretary Kristi Noem and tapped Sen. Markwayne Mullin of Oklahoma as her replacement, marking the first administration shake-up of Trump’s second term. Democrats had been demanding her ouster for months, but they’ve made it quite clear that the move changed nothing in their eyes, and the standoff over DHS funding continues. The DHS partial shutdown - now stretching into its third week - was already the product of Democratic demands for sweeping […]

Today one of the greats in the business discussed gold and oil supply shocks.

4 Takeaways From Top Minnesota Officials' Testimony On State's Massive Fraud Authored by Janice Hisle via The Epoch Times (emphasis ours), Two of Minnesota’s top officials, Gov. Tim Walz and Attorney General Keith Ellison, testified before Congress for more than four hours on March 4 about their state’s multibillion-dollar fraud controversies. (L-R) Minnesota Gov. Tim Walz, Minnesota Attorney General Keith Ellison, and Rev. Mariah Tollgaard, are sworn in ahead of their testimony before the House Committee on Oversight and Government Reform on Capitol Hill in Washington on […]

"We Have An Emergency": Newsom's Climate Obsession Could Wreak Havoc California's Oil Industry The oil-and-gas industry is sounding the alarm over a tightening of California's cap-and-invest program, warning that stricter emissions caps could drive up gasoline prices and jeopardize the viability of in-state refining. The California Air Resources Board is advancing amendments to the cap-and-invest framework, a market-based mechanism requiring major emitters to purchase allowances for greenhouse-gas emissions, that would significantly reduce the supply of available credits and […]

Bad Faith Noncompliance: Virginia Schools Flout Supreme Court And Trump With DEI 'Rebrand' Authored by Teresa R. Manning via American Greatness, Just over a year ago, President Trump issued two executive orders banning destructive diversity ideology (a.k.a. “DEI” or “diversity, equity, and inclusion”) from the federal government and its contractors, including colleges and universities. The EOs sought to restore merit as the basis of hiring, advancement, and college admissions. Both EOs reinforced prior actions by the president as well as by the Supreme Court: In his […]

Mills: Trump Admin "Reveling In The Carnage" As Tehran Burns Last night, Bret Weinstein joined ZeroHedge to moderate a debate on the Iran war featuring Curt Mills, executive director of The American Conservative (magazine founded by Pat Buchanan), and Max Abrahms, Northeastern University professor and terrorism expert. The discussion went far and wide. From Chabad to whether the war has strengthened Iranian hardliners to the question of Israeli influence over U.S. policy to how this war affects Russia-Ukraine. Below are some of the most notable exchanges for those who missed […]

USPS Could Run Out Of Funds Within A Year Without Congressional Action: Postmaster General Authored by Kimberly Hayek via The Epoch Times (emphasis ours), U.S. Postal Service Postmaster General David Steiner said on March 4 that the service could run out of cash reserves within a year unless Congress removes a decades-old cap and allows the agency to borrow more money. A USPS van driver parks the car on a street in Manhattan, New York City, on August 24, 2020. Chung I Ho/The Epoch Times If it doesn’t, the service risks not being able to pay employees and vendors as early as […]

AIPAC-Targeted 'AK Guy' Set To Take GOP House Seat After Sex-Suicide Scandal His reputation shredded by a sex scandal involving a staffer who committed suicide, incumbent Texas Republican Congressman Tony Gonzales said he was no longer seeking re-election, handing the GOP nomination to YouTube gun personality Brandon Herrera. If his last bid for office is any indication, the self-nicknamed "AK Guy" could soon find himself in the crosshairs of AIPAC and other pro-Israel organizations. If he prevails in November, Congress could gain a Republican who feels no need to pander to the […]

The Fog Of Oil Authored by Matthew Piepenburg via VonGreyerz.gold, War, oil and gold are making headlines of late for overlapping and independent reasons. Below, we avoid the guesswork, finger-pointing or sensationalism attendant to current headlines concerning Iran and stick to a theme which offers some clarity, namely the interplay of oil and gold. The Fundamentals Stay the Same For years, of course, we have tracked the fundamental drivers which impact the gold price (from DXY debates, inflation signals, and de-dollarization headlines to COMEX outflows). All of these […]

Oracle & OpenAI Scrap Texas Data Center Expansion Plan, Sending AI Stocks Lower AI-related stocks are sliding late in the New York cash session after Bloomberg News reported that Oracle and OpenAI have scrapped plans to expand the Stargate AI data center in Abilene, Texas, from about 1.2 GW to 2.0 GW. Sources said the expansion was canceled after talks stalled over financing issues and OpenAI's changing demand forecasts. However, the collapse of the Oracle-OpenAI plans has opened the door for Meta, which is now in talks to lease the space instead. Nvidia is reportedly […]

Trump Ready To Continue Operations Until Iranians "Can't Fight Any Longer" Summary: Trump sticking to surrender demand, freshly telling Axios, but tweaking the messaging a bit compared to earlier: "Unconditional surrender could be that [the Iranians] announce it. But it could also be when they can't fight any longer because they don't have anyone or anything to fight with."  Trump's expected timeline on Operation Epic Fury: WH Press Secretary Leavitt: "Four to six weeks." And Leavitt further tweaks Trump's message... ops to continue till "Iran can no longer pose a […]

Nearly 20,000 Americans Have Safely Returned Home From The Mid-East: State Dept Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Nearly 20,000 U.S. citizens have returned safely from the Middle East since Feb. 28, when the Iran conflict broke out, Dylan Johnson, assistant secretary at the Bureau of Global Public Affairs, said in a March 5 statement. Smoke rises from a reported Iranian strike in the industrial district of Doha, Qatar, on March 1, 2026. Mahmud Hams/AFP via Getty Images “These figures do not include the many Americans who have safely relocated […]

ASP Isotopes Signs MOU With Major Nuclear Operator ASP Isotopes announced Thursday that its Quantum Leap Energy (QLE) subsidiary has entered “a non-binding Memorandum of Understanding (MOU) with a large publicly traded U.S. energy company that operates nuclear power stations”. Under the agreement, the utility will evaluate options to provide support and potential financing for QLE’s planned U.S. facilities focused on High Assay Low Enriched Uranium (HALEU), LEU+, uranium conversion and deconversion services. Discussions could also lead to long-term enriched uranium supply […]

Did Trump Force China's Hand? Beijing Nears 500-Jet Boeing Deal Ahead Of Xi Summit Boeing shares moved higher in late-afternoon trading in New York after Bloomberg News reported that the planemaker may be nearing one of the largest sales in its history, potentially to be unveiled during President Trump's trip to China later this month. People familiar with the potential Boeing-China jet deal said it could be announced during President Trump's trip to Beijing from March 31 to April 2. They said the deal includes a 500-plane order for 737 Max jets, with additional talks covering […]

It Was All A Mirage: 2.5 Million Native-Born US Workers Were Just Revised Away One of Donald Trump's core pre-election promises (along with cracking down on immigration and no more foreign wars) was to boost employment for local-born Americans at the expense of the record employment for foreign-born, mostly illegal, workers. And for a while it worked: four months ago, when discussing the September jobs report, we said that while the broader report was generally mixed, it was "indisputably strong when it comes to one thing: the rotation from foreign born workers to domestic […]

"Most Dangerous Geopolitical Blitz Since Bretton Woods": Trump Says Cuba's Communist Regime Is Next To Fall "We've got plenty of time, but Cuba's ready," President Trump told CNN in an interview on Friday morning. The president told CNN reporter Dana Bash that Havana will "fall pretty soon" and that he will "place Marco over there."  2/7 ON CUBA: President Trump said, "Cuba is gonna fall pretty soon." He said he's going to "put Marco over there" and "we've got plenty of time, but Cuba's ready." — Dana Bash (@DanaBashCNN) March 6, 2026 The Trump administration has […]

Virginia Democrats Move To Require Teaching Jan. 6th As An "Insurrection" Authored by Jonathan Turley, Virginia Democrats are moving to require teachers to tell students that Jan. 6th was an “insurrection” and effectively bar them from referencing “peaceful protests” or election irregularities. The characterization of the riot as an insurrection is historically and legally false. However, any parents who want to send their children to Virginia public schools would have to accept this form of indoctrination as part of their children’s education. In the last election, […]

Anthropic CEO Apologizes For 'Dictator Trump' Meltdown Memo, Downplays 'Supply Chain Risk' Designation, And Is Going To Sue As Anthropic attempts to salvage their relationship with the Trump administration, CEO Dario Amodei publicly apologized Thursday for the inflammatory tone of his leaked internal memo that accused the White House of targeting his company because it hadn't offered "dictator-style praise" to President Trump. The apology came in his first major interview since the Pentagon's Department of War (DoW) formally designated Anthropic a supply chain risk to national […]

What If The Automatic Stock Buying Just...Stops?  Submitted by QTR's Fringe Finance My readers know that for the last couple of years I’ve repeatedly warned about the “passive bid” in markets. By that I mean the constant, automatic buying of stocks driven by retirement plans, ETFs, and other systematic investment programs. This bid isn’t discretionary. It doesn’t ask whether valuations are reasonable and it doesn’t care whether earnings justify prices. It simply asks one question: did money flow in? If the answer is yes, it buys. It buys regardless of valuation, […]

Trump Says He's "Not Concerned" About Biggest Gas Pump Price Spike In Years Americans are experiencing a sharp rise in gas prices this week, with the national average gasoline price posting its largest weekly jump since the early days of the Russia-Ukraine war. If fuel prices continue to climb as the U.S.-Israeli Operation Epic Fury intensifies against Iran, the fallout for consumer sentiment may weigh on the broader economy and affect voting polls in the near term. The surge in gasoline and diesel prices at pumps nationwide doesn't appear to be a concern for President Trump (at […]

Appeals Court Rules Trump Can Suspend Refugee Admissions Authored by Matthew Vadum via The Epoch Times, President Donald Trump has legal authority to indefinitely suspend the admission of foreign nationals who are trying to enter the United States through its refugee resettlement program, a federal appeals court ruled on March 5. Trump froze refugee resettlement programs as he took office in January 2025. A three-judge panel of the U.S. Court of Appeals for the Ninth Circuit issued the new opinion in the case known as Pacito v. Trump. The panel overturned most of the […]

Kuwait Cuts Oil Output As Qatar Warns Hormuz Chokepoint Chaos Risks Global Shock Update (1126ET): Kuwait began cutting crude oil output after storage tank farms began filling up, as crude could no longer be loaded onto very large crude carriers and transported through the Strait of Hormuz, according to The Wall Street Journal. Sources say the OPEC founding member is now weighing broader reductions in crude production and refining, potentially limiting operations to only domestic demand, with a decision expected within days. UBS analyst Nana Antiedu noted that Brent crude […]

For those who have been noticing the wide spreads in gold and silver pricing between China and the West, it now appears that China is seeing physical gold shortages.

Jobs Shock: US Lost 92K Payrolls In February, Far Below Lowest Estimate, As Unemployment Rate Rises In our nonfarm payrolls preview, we quoted JPMorgan's Market Intel desk which said that "for this print, the stronger the better", which by implication means that a poor number would be bad. By that logic, the actual number couldn't be any worse, because moments ago the BLS reported that in February, the US lost 92,000 jobs, a huge drop from the downward revised (of course) 126K in January, and the second worst print since 2020 (only October's shock -140K was worse), and this […]

Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes The United Arab Emirates is pissed after Iran targeted Dubai and other US allies with over 1,000 drones and missiles in retaliation for US-Israeli attacks over the last week - and is now weighing freezing billions of dollars in Iranian assets held in the Gulf state, according to the WSJ, citing people familiar with the discussions. If that happens, it could sever one of Tehran's most vital economic lifelines.  A black plume of smoke rises from a warehouse at the industrial area of Sharjah […]

From 'Model Migrant' To Wife-Chopper: Integration Poster-Boy Accused Of Grisly Murder Via Remix News, The Eritrean migrant accused of dismembering his partner and the mother of his daughter was once held up as a “model migrant” 10 years ago in a variety of German newspapers. These papers reported that he was an example of how “integration” could work. Today, 41-year-old Asmerom G. is accused of butchering his own wife. In fact, authorities have still not found her head. German media were still singing his praises in 2016. The man from Eritrea had landed a job as an […]

Apparently once people figure it out oil and gold will be trading much higher.

The middle class has already been systematically destroyed, but another massive wave of inflation is coming at the worst possible time. This is similar but much worse than what was seen in the 1970s.

One of the greats in the business just warned that big money is preparing for a stock market crash.

Today one of the greats in the business said the next big bull market is already underway.

Expect historic moves in oil as the war with Iran continues, plus a look at what to expect from gold and silver.

Today one of the greats in the business said, despite volatility, the price of silver is headed to a new all-time high.

After the attack on Iran it appears consumer need to get ready for more "transitory" inflation.

Today the top trends forecaster in the world warned King World News that if the US attacks Iran this weekend a global collapse worse than the Great Depression will be unleashed.