What's Affecting Oil Prices This Week? (March 20, 2023)
The price of Brent crude ended last week at $72.97 and the price of WTI ended the week at $66.74 in reaction...
The price of Brent crude ended last week at $72.97 and the price of WTI ended the week at $66.74 in reaction to the collapse of Silicon Valley Bank (SVB) and concerns about the stability of the financial sector.
EPA contends Oklahoma cannot block waste shipments from Ohio
Another fight with the EPA is in the making for Oklahoma Gov. Kevin Stitt and other governors who have...
Another fight with the EPA is in the making for Oklahoma Gov. Kevin Stitt and other governors who have blocked shipments of waste from the fiery train derailment in Ohio.
After Stitt blocked rail shipments of contaminated soil to a waste site in northwestern Oklahoma, EPA Administrator Michael Regan responded by stating there was no reason for states like Oklahoma to block the shipments.
“This is impermissible and this is unacceptable,” said Regan in a letter to the governors who took the action against the shipments reported the Associated Press.
Regan informed the governors they are likely violating a federal law that deals with the interstate transport of waste and of the Commerce Clause of the U.S. Constitution.
While many Fed meetings are ho-hum, the one on Wednesday will pack the drama of a prime-time Oprah interview....
While many Fed meetings are ho-hum, the one on Wednesday will pack the drama of a prime-time Oprah interview. The central bank’s plan to continue raising interest rates has been upended by the banking turmoil, and experts now say there’s a chance the Fed will pause its rate hikes to shield the banking sector from further chaos.
At least four US lawmakers—two from each side of the aisle—said they would support ...
At least four US lawmakers—two from each side of the aisle—said they would support raising the cap on FDIC-insured deposits in order to reassure frazzled bank customers that their deposits are safe. The current cap is $250,000 (up from $100k pre-financial crisis), but Democratic Sen. Elizabeth Warren said bumping it up “is a good move.” Opponents of raising the cap say it would only increase risk-taking and bad behavior by banks. Some even argue we should lower it.