The Senate Reports Oil and Gas Prices Are Not Impacted by Corporate Greed – These Experts Say Otherwise
Petroleum, petrodollar and crude oil concept, Oil pump on background of US dollar, Dollars and oil pumps.
A new report by the Joint Economic Committee Republicans contends that gas prices — which have increased exponentially over the past few months and are a major contributing factor to the four-decade high inflation — are due to supply and demand imbalances, with the Russia-Ukraine war playing a minimal part.
The report also argues that there is no price gouging by oil and gas companies.
However, some experts disagree with the premise, saying that gas and oil companies are using market disruptions, caused by the pandemic recovery and the Russian invasion of Ukraine, to raise prices above competitive levels.
“These claims are not supported by the evidence,” ranking member Sen. Mike Lee wrote in the July 26 report.
The report finds that the price per gallon of gasoline increased from $2.34 in January 2021 to a peak of $5.11 in June 2022, the highest level on record and that prices remain elevated at more than $4.50 per gallon in July.
“We estimate that the Russian invasion of Ukraine explains 30% of the increase in gasoline prices from January 2021 through June 2022. The remaining 70% of the increase is due to pre-existing price trends arising from suppressed supply of oil production and surging demand,” reads the report.
“There is no evidence of oil and gas firms engaging in collusion or price gouging to raise prices during the current crisis. U.S. oil and gas producers, refiners, and retailers operate in competitive markets that preclude this possibility,” it continued.
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KTFA
Saturday Night Video
FRANK26….11-7-26…BUDGET HAS NOTHING TO DO WITH EXCHANGE RATE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Dollar Ticks Up In Baghdad, Erbil
2026-11-08 02:45 Shafaq News- Baghdad/ Erbil The US dollar opened Sunday’s trading higher in Baghdad and Erbil, hovering around 169,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 168,600 dinars per 100 dollars, up from the previous session’s 168,300 dinars.
Good Morning Dinar Recaps,
GULF SECURITY ALERT: MISSILE INTERCEPTIONS DAMAGE SAUDI ARAMCO BUILDING AS SHIPPING RISKS GROW
Rising military threats and commercial vessel incidents are increasing uncertainty around critical energy infrastructure and the trade routes connecting the Gulf to global markets.
Bank Failures are Coming, the Financial System is Overleveraged
AI Bubble Bursting, Banks in Trouble, Another 2008 Coming? | Todd "Bubba" Horwitz
Liberty and Finance: 11-6-2026
A brutal sell-off has Wall Street flashing warning signs, and Todd "Bubba" Horwitz believes this could be the beginning of a much deeper market collapse.
He warns that stocks could fall another 40% to 60%, with AI valuations, a weakening housing market, and mounting banking risks creating a dangerous combination.
Stern Drew: Japan’s Banking System Goes Dark
11-7-2026
JAPAN’S BANKING SYSTEM GOES DARK: THE BANKING BLACKOUT IS HERE
128 banak across western Japan just went dark at the same time.
ATMs, Teller counters at 3,430 branches, Internet banking, Transfers to other banks: all went dark.
MilitiaMan & Crew: Digital Files Reveal New Iraqi Dinar Oversight: What You Need to Know
11-7-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Iraqi Dinar news update for November 7. We are analyzing the latest coordination between state banks and new digital files. This update focuses on the shift toward formal channels for financial oversight.
We examine recent documentation regarding how state banks are coordinating to improve operational efficiency across the sector.
Source: Kurdistan Share Dispute Delays Iraqi Budget Vote
2026-11-07 / 01:57 Shafaq News- Baghdad Disputes over provisions on the Kurdistan Region's share of Iraq's 2027 federal budget remain unresolved, a government source told Shafaq News on Saturday, after the Council of Ministers did not meet to vote on the bill.
Prime Minister Ali Al-Zaidi's office confirmed to Shafaq News that no cabinet session was held on Saturday.
Good Afternoon Dinar Recaps,
GLOBAL SECURITY AND TRADE RESET WATCH: U.S. LAUNCHES TASK FORCE IRON GATE TO RESTRICT IRANIAN LAND ROUTES
The new U.S. military initiative expands economic and security pressure on Iran beyond the naval blockade, targeting weapons, restricted technology and revenue moving through land borders and the Caspian Sea.
TNT:
Tishwash: Barak after meeting Zidane: The rule of law and strong institutions are the foundation of stability and prosperity in Iraq
US Presidential Envoy to Iraq, Ambassador Tom Barrack, linked the consolidation of the rule of law with the promotion of trust, investment, and stability, stressing that strong institutions are the foundation for lasting peace and prosperity, following his meeting with the head of the Supreme Judicial Council, Faiq Zaidan, in Baghdad on Friday.
Barak said in a post published on the “X” platform, which was followed by “Baghdad Today”, that he met with Zaidan in the presence of the official for democratic cooperation, Steve Fagin, to discuss strengthening judicial cooperation between the United States and Iraq.
Ariel: The XRP Connection and Iraqi Dinar Trigger
11-6-2026
Here is what you will not find on any blog, any forum, any intelligence newsletter, anywhere:
The XRP Connection:
The reset is not purely metallic. The gold peg is the anchor. The distribution mechanism is distributed ledger technology and the SEC’s settlement with Ripple in 2025 was not a legal conclusion. It was a systems integration.
MilitiaMan & Crew: Is This the Breakthrough? State Banks and Digital Files
11-6-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Iraqi Dinar news update for November 6. We are analyzing the latest coordination between state banks and new digital files.
This update focuses on the ongoing shift toward formal channels for financial oversight. We examine recent documentation regarding state banks and how these institutions are coordinating to improve transparency and operational efficiency across the sector.
Turkiye: Kirkuk-Baniyas Pipeline Poses No Threat
2026-11-06 Shafaq News- Ankara The possible reopening of the Kirkuk-Baniyas oil pipeline between Iraq and Syria would not pose a threat to Turkiye's economy, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday, adding that Ankara and Damascus could conduct joint offshore exploration in the future.
Good Morning Dinar Recaps,
GLOBAL MONETARY RESET WATCH: U.S. JOBS SURGE TO 165,000 AS STRONG LABOR MARKET PUTS FED RATE CUTS IN QUESTION
U.S. employers added far more jobs than expected in October, while unemployment edged lower, giving the Federal Reserve another reason to remain cautious about reducing interest rates.
KTFA
Friday Night Video
FRANK26….11-6-26…..THE GAP
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
GP Q: US Treasury Signals Possible Shift in Debt Financing Strategy for 2027
11-6-2026
U.S. Treasury Signals Possible Shift in Debt Financing Strategy for 2027
In Washington today, the United States Treasury has kept its near-term bond auctions steady, yet a quiet change in official language has opened the door to a different way of financing America’s growing debt as early as 2027.
In its November 4 quarterly refunding statement, the Treasury said it anticipates maintaining current auction sizes for nominal coupon securities and floating-rate notes for the next several quarters.
Stern Drew: The Banking and Digital Lockdown has Started
11-6-2026
The Banking And Digital Lockdown Has Started
Riots in Paraguay as 3 million customers locked out of their own money due to AI cyberattack.
A French bank(Crédit Mutuel Arkéa) has been HACKED, with €118 million reportedly stolen in the process…
Bruce’s Big Call Dinar Intel Thursday Night 11-5-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
(Political Comments not included in transcription)
Welcome, everybody, to the big call tonight. It is Thursday, November 5, and you're listening to the big call. Thanks for tuning in, everybody. I hope you had fun with our pre-recording trivia tonight. I sure did. I think Sue and Bob did. I hope so.
All righty, let's get into the intel segment now. (Political Comments not transcribed for posting)
The other thing is, if you think about it, we are transitioning to the restored republic. Everything that's happened with the Starlink satellite system, with the quantum financial system, with blockchain technology, with the cross-border international payment system, the SIP system, everything's been interconnected to flow and work together really well, and I believe that as a result, we're going to see a new a new restored republic as our form of government, which means this elections in and of itself could be a moot point. We'll see how it all goes.
Good Afternoon Dinar Recaps,
GLOBAL TECHNOLOGY AND ASSETS RESET WATCH: $2.5 TRILLION ERASED FROM NASDAQ AS AI INVESTMENT CONCERNS SHAKE MARKETS
Investor concerns about the cost and profitability of artificial intelligence investments triggered a sharp technology-stock selloff, raising questions about valuations, corporate borrowing, and the financial risks surrounding the global AI expansion.
Coffee with MarkZ, joined by Mr. Cottrell. 11/06/2026
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: It is Codeman Friday. Developments and confusion. We talk about the news and try to make it make sense. Mr. Cottrell joins us to take your questions then Lucas pops in.
Trump’s Major Iraq Call, EO 13848, and Iraqi Uprising Next?
Jon Dowling and Chris Real World: 11-6-2026
As nations grapple with systemic changes, understanding these diverse elements offers valuable perspective on where our global economy and society are heading.
At the forefront of these international developments is Iraq’s ongoing political and economic journey.
Recent diplomatic engagements and administrative efforts are heavily focused on establishing long-term stability and strengthening national sovereignty. By working closely with international partners, including the U.S. administration, the region aims to foster a secure environment for growth and reform.