Thanks to increasing production in the Permian Basin in West Texas, Texas is set to pass Iraq and Iran to become the world’s third-largest producer of oil by next year.
Trump the negotiator most likely welcomes Chinese difficulties as leverage to get a fairer trade deal for the United States.
In the first nine months of the present fiscal year, total federal revenues were $2.54 trillion, while total federal spending was $3.15 trillion, leaving a deficit of $607 billion. That’s 16-percent higher than it was at the same time a year ago.
The jobs report from the Bureau of Labor Statistics (BLS) released on Friday showed more than 600,000 people entering or re-entering the workforce.
The U.S. economy continues to hum along, according a report by the human services company ADP, and likely to be confirmed by the Bureau of Labor Statistics (BLS) on Friday.
Tuesday’s sharp drop of two dollars per barrel for crude will, within weeks, push gas prices back down, perhaps to as low as $2.50 a gallon by the end of July.