Secretary Scott Bessent has levers he can still pull to keep oil prices stable for a few weeks – Key Points from his Interview on Fox

As the U.S.-Israel conflict with Iran roils global energy markets and pushes benchmark crude above $100 per barrel at times, Treasury Secretary Scott Bessent is wielding sanctions policy like a supply-side tool. With the Strait of Hormuz under pressure and Iranian exports partially disrupted, Bessent has already pulled several levers — temporary Russian oil sanctions […]

Continue Reading

The Energy Tale of Two States: One of Independence, Dominance, and the Other of Collapse and Failure

In the vast landscape of American energy, few contrasts are as stark as that between Texas and California. One state embodies self-reliance and global leadership, producing far more energy than it consumes while bolstering the nation\’s security and economy. The other grapples with policy-driven shortages, relying heavily on imports to meet basic needs—often from unstable […]

Continue Reading

How soon will the US impose Venezuelan Style Controls on Iran? – This could reshape the global energy market.

  In the midst of escalating tensions in the Middle East, the ongoing Iran War—marked by U.S. and Israeli strikes on Iranian targets—presents a pivotal moment for global energy markets. As of March 2026, the conflict has already disrupted regional oil flows, with Iran\’s key export hub, Kharg Island, targeted in U.S. operations. This island, […]

Continue Reading

If the Strait of Hormuz is Shipping Oil and Kharg Island is Still Operational, Are We Really in an Oil Crisis Yet?

In the midst of escalating tensions in the Middle East, with U.S. and Israeli strikes on Iran and retaliatory actions disrupting global energy flows, the question looms large: Are we truly in the throes of an oil crisis? As of March 15, 2026, the Strait of Hormuz—a vital chokepoint carrying roughly 20% of the world\’s […]

Continue Reading

Two Oil Tankers Seen at Kharg after U.S. Strikes, Satellite Firm Confirms

By Stuart Turley, Energy News Beat In a development that underscores the resilience of Iran\’s oil infrastructure amid escalating geopolitical tensions, satellite imagery has confirmed the presence of two oil tankers at Kharg Island, Iran\’s primary oil export terminal in the Persian Gulf. This sighting comes just hours after U.S. precision strikes targeted military installations […]

Continue Reading

U.S. Strikes Kharg Island: Trump\’s Claim of Precision Targeting Amid Conflicting Damage Reports

In a late-night post on Truth Social dated March 13, 2026, President Donald Trump announced that U.S. forces had conducted a major bombing raid on Iran\’s Kharg Island, describing it as \”one of the most powerful bombing raids in the History of the Middle East.\” He emphasized that the strikes \”totally obliterated every MILITARY target\” […]

Continue Reading

How Much Diesel, Gasoline, Jet Fuel, and Other Oil Products Are Actually Imported to California?

As California\’s push toward a zero-emissions future accelerates, the state\’s petroleum refining sector is undergoing a dramatic transformation. With refinery closures already underway and more potentially on the horizon, California is increasingly dependent on imported refined products to meet its massive fuel demand. This shift raises critical questions about supply stability, price volatility, and broader […]

Continue Reading