Daily Mail: America’s energy revolution goes from boom to bust after Trump’s tariffs and sneaky move by Saudi Arabia

Oil bosses have warned that America’s energy boom is over, as Trump’s tariffs raise production costs and crude prices fall thanks to an increase in production from Saudi Arabia.  

The shale revolution of the last few years delivered huge volumes of cheap oil and gas that powered the US economy and broke dependence on foreign imports from places such as Iran, Russia and Venezuela.  

Production hit record highs under President Joe Biden, but is now falling under Trump.

The situation presents a direct contradiction to the President’s pledges to ‘drill baby drill’ and assert America’s ‘energy dominance.’ 

‘Saudi is trying to regain market share and they’ll probably get it over the next five years,’ Sheffield explained. 

https://www.dailymail.co.uk/yourmoney/article-14757637/america-shale-boom-bust-trump-tariffs-opec.html

Newsweek: Proposal may ban some green card holders from owning land throughout state

King told Newsweek that “this is about protecting our obligation to keep our power stations, water treatment plants, and gas lines safe from surveillance and espionage.” It seeks to do so byprohibiting noncitizens from designated “foreign adversaries,” including China, Russia, and Iran, among others, from owning land within 25 miles of “critical infrastructure.”

Designating “foreign adversaries” would seem to be a federal power, not permitted to individual states.

The bill exempts American citizens or those with dual citizenship from the ban. The Senate counterpart bill notes that impacted individuals would have to sell and divest their property within two years.

Under the bills, county sheriffs would be responsible for enforcing the new restrictions. If the legislation passes, individuals subject to the prohibition would be required to sell restricted property within two years.

Xiang Zhang, a professor of genomics at the University of Cincinnati, said at a hearing on Tuesday, as reported by the South China Morning Post: “I never thought that one day, I would have to stand here in front of you to defend myself solely because of my nationality. I never thought that one day, I would lose my house in Ohio solely because of my nationality.”

https://www.newsweek.com/proposal-may-ban-some-green-card-holders-owning-land-2076488

Money Talks News: 26 Social Security Offices Expected to Close Down by This Fall

The Associated Press (AP) recently obtained an internal planning document from the General Services Administration, which manages federal real estate, that includes the dates on which some of those leases are expected to end. The AP also searched publicly available data to find additional information on these leases.

The publication identified 26 SSA offices that will close in 2025.

This news comes just after the SSA implemented stronger identity verification practices. Beneficiaries must now verify their identity in person before they can change their direct deposit information or claim benefits. Closing SSA locations will make it more difficult for beneficiaries in certain areas to do that.

26 Social Security Offices Expected to Close Down by This Fall