Category: Tax

HF Sinclair posts a profit and closes its only Canadian lubricant (base oil) refinery. Not because of no profits, but it is not worth doing business with Net Zero Leadership.

Clark Savage179

HF Sinclair Corporation (NYSE: DINO) just delivered its strongest quarterly results in years while simultaneously announcing it will retire the base oil refining assets at its Mississauga, Ontario facility—Canada’s largest (and essentially only significant) producer of Group II and Group III base oils. The decision comes amid a highly profitable lubricants segment, not losses. The […]

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California’s Tire Tyranny: Newsom’s Latest Tour de Force in How to Make Everything Worse

Clark Savage218

Governor Gavin Newsom’s California has perfected a special skill: taking ordinary life and making it more expensive, less reliable, and more bureaucratic—all in the name of climate virtue. The latest exhibit is the California Energy Commission’s unanimous approval of the nation’s first efficiency standards for replacement tires. These rules, effective in phases starting in 2029 […]

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A new electricity consumption tax on data centers in Virginia passes into law on July 1, 2026

Clark Savage1046

On June 22, 2026, Virginia’s General Assembly approved its two-year biennial budget (HB 30), which includes a first-of-its-kind electricity consumption tax on qualifying data centers. The tax took effect July 1, 2026, and runs through June 30, 2028. The measure levies $0.011 per kWh (1.1 cents) on all electricity consumed at covered data centers each […]

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Fuel Tax Changes Hit Six States As Energy Inflation Accelerates

Clark Savage668

Six U.S. states are implementing fuel tax adjustments effective primarily on July 1, 2026, even as national gasoline prices hover around $4.08–$4.11 per gallon amid ongoing energy inflation pressures and geopolitical uncertainties in global oil markets. These changes—ranging from inflation-linked increases to restructuring and temporary suspensions—aim to sustain transportation infrastructure funding but come at a […]

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Jamie Dimon Warns of Serious Risks: US Economic Vulnerabilities, Fed Rates, Debt Refinancing Crunch, and Real Estate Implications

Clark Savage832

Jamie Dimon, CEO of JPMorgan Chase, has once again sounded alarms about mounting pressures on the US economy. In a recent Bloomberg Television interview and his April 2026 annual letter to shareholders, he highlighted vulnerabilities in leveraged corporate debt, the challenges of refinancing at elevated rates, geopolitical shocks from the Iran conflict, and risks of […]

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