A legal battle between oil companies and the city and county of Honolulu is coming to a head as a state judge allowed a lawsuit to proceed. 

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 the bombing of Ukraine by Russian forces continues, about 3 million barrels of oil a day are removed from global markets. 

The DOE is looking at heat pump water heaters in its effort to reduce greenhouse gases and dependence on fossil fuels.

Despite the clean air hullaballoo, U.S. oil production will average 11.8 million barrels/day in 2022.

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.

With the holiday season behind us and Congress back session, we are entering the second month of the first quarter of 2022 with continued uncertainty. 

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.