According to a letter obtained by The Wall Street Journal from Exxon CEO Darren Woods to the Energy Department, Exxon warned refiners to not stop exporting to put more gas and oil in reserve. This is what the Biden administration had asked seven major U.S. refiners to do in August, the Journal reported. In a letter the outlet obtained…
There have always been creators, producers, and builders. They have always been opposed by thieves, swindlers, and destroyers. It could be argued that how much people choose to build or destroy determines their decency or depravity. Good and decent people know, or soon learn, that they need to work in order to satisfy their needs…
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The final September results from the University of Michigan Surveys of Consumers show overall consumer sentiment was little changed from August and remains at historically low levels (see first chart). The composite consumer sentiment increased to 58.6 in September, up from 58.2 in August. The index hit a record low of 50.0 in June down…
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In his classic 1850 essay “What is Seen and What is Not Seen,” Frédéric Bastiat taught more than the timeless lesson of what separates a good economist from a bad one. From the beginning of the essay, Bastiat applies his insights to our habits. Consequences follow from our habits. Bastiat observed, “[I]t almost always happens…