"Censorship is telling a man he can't have a steak just because a baby can't chew it." -- Mark Twain
 

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By John Kemp, senior energy analyst at Reuters

Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over the next few months.

U.S. gasoline has emerged as the most attractive part of the petroleum complex for investors betting prices will rise further this year in the run up to presidential and congressional elections in November.

Turkey’s ban on some exports to Israel is poised to hit Israel’s construction industry hard at a time when the sector has already been badly damaged by the war with the Hamas terror group.

The imposed trade restrictions, mostly affecting goods upon which Israeli builders are dependent, will force importers to seek alternative suppliers from other countries, thereby incurring additional costs that will mean higher prices for consumers and businesses.

U.S. Defense Secretary Lloyd Austin warned that recent Ukrainian attacks targeting Russian oil refineries could have a "knock-on effect" on the global energy market, Bloomberg reported on April 9.

Pakistan has started construction of an 80-kilometre section of a gas pipeline with Iran despite receiving sanction threats from the US. Working against US interests, though, the threat of sanctions only pushes Pakistan not only closer to Iran but also to China and Russia.

Construction for the pipeline from Gwadar in southwest Pakistan to a junction where it can join the Iranian gas pipeline finally started after years-long delays and Washington’s recent threat of sanctions.

Due to the sanctions, Russia cannot access spare parts from Western engineering companies that have provided refinery equipment in the past, leaving Russian refiners struggling to repair damaged units, multiple industry sources in Russia have told Reuters.

President Biden has been quoted as saying that the U.S. economy is “strong as hell.” He even claimed during his SOTU that America’s economy is the “envy of the world.” His administration has been trying to convince Americans that things are going great—they just don’t know it.

But despite this level of gaslighting from the White House, Americans continue to struggle. Wages are down, employment is low, and illegal aliens are forcing Americans to compete for housing, food, and jobs.

The Bide administration has finalized energy efficiency regulations for distribution transformers, a key component of managing the flow of electricity between power stations and consumers.

During a meeting in January, top European Union diplomats were left dumbfounded when Israel’s Foreign Minister Israel Katz proposed a futuristic artificial island to distribute aid to war-ravaged Gaza.

Months later, US naval ships are steaming towards the Eastern Mediterranean to construct a "floating pier" that is set to receive aid from a real island, Cyprus, and send it onward to Gaza.

“There are similarities between the two ideas,” Shira Efron, director of research at the Israeli Policy Forum, told Middle East Eye.