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The Biden administration has sold nearly 6 million barrels of oil from the U.S. Strategic Petroleum Reserve to an entity tied to the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the U.S. trading arm of Chinese state-owned oil company Sinopec, according to a review by The Epoch Times of the DOE documents. A Chinese firm with ties to Hunter Biden had invested in the national oil giant. The sale would tap 5.9 million barrels in...

Concerning shortages: Michael Snyder, editor of economiccollapseblog.com, recently reported: Greece has had rationing of sunflower oil and sugar in 2022. Spain has had sporadic shortages of eggs, milk, and dairy products. Italy may soon start rationing natural gas to some large industrial users. Germany may soon start rationing natural gas to industrial users, and that could put large numbers of employees out of work. America had a recent survey that found about 60% of Americans are living from paycheck to paycheck, and layoffs are beginning to increase. The UN has warned that the world may be facing an “unprecedented global...

Apparently the world’s supply of a favorite hot dog condiment doesn’t cut the … err … mustard. And, as a result, we may be looking at an international mustard shortage sooner than we think. According to Business Insider, a year of poor mustard seed production is the cause of what may result in a lack of mustard on American grocery store shelves in the near future. Experts say you can thank climate change for the large drop in mustard seed production, with Canada (the world’s second largest producer) and France watching the most recent growing season’s yields fall 28 percent...

A plan proposed by U.S. President Joe Biden to see grain exported from Ukraine has received scrutiny from Poland, which has raised the alarm. Poland has pointed out a number of problems with a plan presented by U.S. President Joe Biden to finally enable grain to be exported out of Ukraine, in peacetime a major exporter of agricultural products. With tens of millions of tons currently stuck in the country as a result of an ongoing Russian blockade of the Black Sea, President Biden has suggested building a host of silos on the Ukrainian-Polish border to help move the globally...

BERLIN (AP) – Germany’s economy minister said Sunday that the country will limit the use of gas for electricity production amid concerns about possible shortages caused by a reduction in supplies from Russia. Germany has been trying to fill its gas storage facilities to capacity ahead of the winter months, when gas is more urgently needed as a heating fuel.

Rep. Adam Kinzinger (R-Ill.), a vocal critic of former President Trump, said that some churches have changed from institutions that worshiped God to institutions that worshipped Trump. Kinzinger, who is one of only two Republicans sitting on the House select committee investigating the events of Jan. 6, 2021, tweeted a video clip of remarks that he made at a conference in April on Friday, stating that the U.S. is in a “leadership crisis.”

The British government is launching a ‘Grow for Britain’ initiative to try and boost domestic food production, a leaked document has revealed. Seen by The Telegraph, a notionally right-leaning newspaper close to Britain’s governing Conservative Party, warns that “the cost of food has real consequences for people across the country” and that members of the Boris Johnson administration are going to be working “to address poverty in the round as we learn to live with recent events and manage the impact of cost of living pressures”. The food strategy — the first developed by a British government in 75 years,...

Inflation is not a new problem in the US; there has been a steady expansion of price inflation and a devaluation of the dollar ever since the Federal Reserve was officially made operational in 1916. This inflation is easily observed by comparing the prices of commodities and necessities from a few decades ago to today. The median cost of a home in 1960 was around $11,900, which is the equivalent of $98,000 today. In the year 2000, the median home price rose to $170,000. Today, the average sale price for a home is over $400,000 dollars. Inflation apologists will argue...

The City of Oakland, California, declared racism to be a “public health crisis” in a unanimous vote of the city council on Tuesday, allocating $350,000 to hire a consultant and data analyst in the Department of Race and Equity. The ordinance was introduced by the city attorney, Barbara Parker, City Administrator Ed Reiskin,and Darlene Flynn, the director of the department of race and equity. It was also cosponsored by Council Members Sheng Thao, Loren Taylor and Treva Reid — all of whom are running for mayor. “The link between racism and disparate health outcomes is well-established and indisputable, and the...

Argentina is home to one of the world’s largest shale gas deposits, but a lack of investment and political will means it is still an importer of natural gas. ◾The Vaca Muerta shale play, which is Spanish for ‘Dead Cow’, is estimated to hold 16 billion barrels of oil and 308 trillion cubic feet of natural gas. ◾In recent weeks, Argentinian authorities have kick-started efforts to boost Vaca Muerta’s development, but it won’t be of any use in the current crisis. Argentina, home to the world’s second-largest shale gas deposit, cannot help gas-starved Europe, which is scrambling to obtain non-Russian...

Pakistan faces potential economic collapse as inflation jumps and widespread civil unrest could be nearing. The latest sign the South Asian country is spiraling into the abyss is rising electricity costs that threaten to close tens of thousands of businesses. Bloomberg reports that as many as 40,000 factories in Karachi, the country’s commercial capital, are being slapped with high power costs that make operating near impossible. Rising power costs are so severe that nine business groups in Karachi told the government that an immediate plan needs to be formulated to lower power costs or face economic disaster. Any shuttering of...

“Enough is enough,” declared former U.N. Ambassador Nikki Haley, as she called to secure the border and warned that if all illegal immigrants were currently gathered into a new city, it would be the fourth largest in the country. In a roughly one minute clip provided in advance to Breitbart News, Haley begins by quoting former U.S. President Ronald Reagan as saying, “A nation that cannot control its borders is not a nation.”

On Wednesday’s broadcast of MSNBC’s “Way Too Early,” Rep. Debbie Dingell (D-MI) stated that one issue contributing to the national baby formula shortage is that “we’ve got a hiring crisis in this country.” And as a result, “FDA is having a difficult time hiring some of the people that they need.” Dingell said, “Well, some of us are introducing a bill that is going to invoke the Defense [Production] Act. Because we do believe that this is a crisis and we need to move everything we can to get going. As that Abbott plant reopens, there [are] some disturbing reports…so...

Andrew Bailey said he has “run out of horsemen” when counting the shocks facing Britain, with runaway energy and food costs driven by global market forces beyond his control. Prices are rising at the fastest rate in 30 years, creating a “very big income shock” that is expected to intensify in coming months with a risk of double-digit inflation before the end of the year. Mr Bailey told MPs on the Treasury Select Committee that he is increasingly concerned about a further surge in food costs if Ukraine, a major crop grower, is unable to ship wheat and cooking oils...

President Biden insisted Friday that only “better mind-readers” could have effectively dealt with a nationwide shortage of baby formula, despite his administration knowing about the crisis for months. “Republicans have said that your administration should have anticipated this baby formula shortage,” CNN reporter Jeremy Diamond said at a Rose Garden event where Biden urged cities to spend COVID-19 stimulus funds on cops.

Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge in prices refiners receive for selling fuels compared with prices they pay for buying crude and other feedstocks, boosting their profitability significantly. In the United States, refiners currently receive roughly an average of more than $150 per barrel from the sale of gasoline and diesel at wholesale prices, while paying only around $100 to purchase crude. The indicative 3-2-1 margin of...

Food planting in Ukraine is down between 25-30 per cent as the country struggles to export already harvested produce. Russia’s war in Ukraine continues to cause havoc for the country’s vital agricultural sector, with crop sowing falling by 25-30 per cent thanks to the ongoing conflict. The war-torn country is also struggling to export crops that have already been harvested, an issue that has already prompted fears of famine across the world due to the nation traditionally being responsible for a major share of the world’s wheat trade. According to a report by Reuters, the country only managed to export...

We noted Tuesday evening, D (for Diesel)-Day quickly approaches, though it might already be here as U.S. East Coast distillate inventories plunge to a record low, according to new government data. Weekly petroleum data from Energy Information Administration’s (EIA) Crude Oil Inventories show East Coast distillate inventories are at their lowest ever, dropping to just 22.4 million barrels. Total U.S. distillate inventories have sunk to levels not seen since the last financial crisis. One of the reasons for the drop is East Coast refinery capacity has plunged over the last decade, “leaving the region vulnerable to squeezes,” according to Bloomberg’s...

“Never let a crisis go to waste,” those were the words of the U.S. Agency for International Development (USAID) Chief Samantha Power on “This Week” Sunday. She explained the emerging global food crisis would transition farmers toward a green new world. “We’re working with farmers to also increase their production so you actually have more supply brought on the market. “Fertilizer shortages are real now because Russia’s a big exporter of fertilizer, and even though fertilizer is not sanctioned, less fertilizer is coming out of Russia. “As a result, we’re working with countries to think about natural solutions like manure...

The words edible and eatable are often used interchangeably but embedded within their respective definitions is a distinction that makes an important difference. Edible means “safe to eat,” whereas eatable means “pleasant to eat.” A variant of the word eatable is delicious, commonly defined as “highly pleasant to eat.” Delicious certainly sounds more enticing than highly eatable, a phrase nobody would use to compliment an exquisite meal crafted by a professional chef. We find such linguistic nuances pleasing. Whether the balance of calories a person consumes is edible, eatable, or delicious depends on where they sit on Maslow’s hierarchy of...