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This month’s Beschloss Perspective weighs in on the Biden administration’s rejection of attempts to expand U.S. oil and gas production, the economic power of corporate dividends, the use of digital currency, and the Russia/China alliance.
As we begin the last month of the first quarter of 2022, WTI (as of this writing) is at $91.35/barrel, Brent is at $ 92.72/barrel, and the Biden administration continues its campaign to limit oil and gas exploration.
Although the booming impact of surging prices will hit the pockets of America’s individual and group buyers, this will have the opposite effect on the thousands of companies with brands in the stock markets.
While President Biden and other world leaders met again to discuss clean air progress, all major nations, especially Europe, applauded America in its progress.
A number of trucking groups led by the American Trucking Associations filed a lawsuit Nov. 9 against the Biden administration over its vaccine mandate for large employers.