Responding to record-high gas prices and a potential for further disruptions in supply, Sen. Chuck Schumer (D-NY) on Monday requested that the State Department pressure Saudi Arabia to increase its oil production. The senator’s concerns are twofold: “Schumer called on the State Department to press the Saudis to publicly commit to meet their capacity potential […]
The cost of gasoline today is at its highest point ever during winter, an ominous sign of what might be on the horizon in the months to come. According to government data from the U.S. Energy Information Administration, the average price of regular unleaded is $3.34 over the three-month period of December, January and February. […]
Its not even summer yet and gasoline prices have risen above $5 for a gallon of premium gas at a Shell station in Los Angeles, California. Wholesale gasoline traded 13 cents higher in the market last Tuesday due to a Friday fire that idled BP Plc’s Cherry Point, Washington, refinery. The uncertainly in Iran is […]
While the Obama administration and the mainstream media attempt to paint Americans enjoying a current economic recovery – the facts tell a very different story. After some 5 TRILLION dollars in deficit spending, job growth remains as stagnant as ever under the yoke of the Obama presidency: There are a couple of interesting observations to be made from […]
During a speech on gas prices Thursday in Miami, the President tried to dodge responsibility for the pain Americans are feeling at the pump. Recognizing the trouble these higher prices are causing Americans, the President tried hard to demonstrate his concern over higher prices. But as the video above shows, the President and his Administration […]
Thanks to the office of Senator Jeff Sessions (R-Ala), ranking member on the Senate Budget Committee, sends along this shocking chart, showing that ‘America’s Per Capita Government Debt is Worse off Than Greece,’ as well as Ireland, Italy, France, Portugal, and Spain: Under Obama’s new budget plan, the gross Federal debt alone would reach $75,000 […]
Finance Minister Yuval Steinitz met with representatives of Moody’s Investors Service over the weekend and asked them to raise Israel’s credit rating, the financial newspaper Calcalist reported on Sunday. The report noted that the representatives are currently visiting Israel. In September, the world’s largest credit rating agency, Standard Poor’s (SP), raised Israel’s credit rating from […]
One year ago all eyes were on Wisconsin as labor unions stormed the Capitol building in Madison to protest Republican Gov. Scott Walker’s budget reforms. Heritage sent a team to cover the demonstrations. We’re showcasing our myth vs. fact video again today, one year later, given the ongoing debate over Walker’s plan. While there’s not […]
The efforts to parcel off and sell out entire sectors of America’s infrastructure to foreign interest continues daily. HR 7, the bill at issue here would put tolls on roads American taxpayers funded and paid for and which they continue to fund through gasoline taxes diverted to the Transportation and Highway Trust account at the […]
NEW YORK (AP) — Gasoline prices have never been higher this time of the year. At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April. “You’re going to see a lot more staycations this year,” says Michael Lynch, […]
