The Senate Reports Oil and Gas Prices Are Not Impacted by Corporate Greed
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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Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
TIER 4B – ISO 20022: The First 72 Hours After the Appointment
TIER 4B – ISO 20022
Telegram 10/17/2026
https://t.me/Tier4B_ISO20022
YOUR FIRST 72 HOURS AFTER THE APPOINTMENT, WHAT TO DO AND WHAT NOT TO DO
CBI Launches Digital Damaged Note Swaps
2026-10-18 05:27Shafaq News- Baghdad Iraqis can now apply online to replace damaged banknotes under a new Central Bank of Iraq (CBI) service designed to make the process faster and easier. The system allows citizens to submit replacement requests through the Ur electronic platform by entering the required information and confirming their applications. The CBI will then process the requests through its relevant departments, according to a statement.
Good Afternoon Dinar Recaps,
GLOBAL FINANCIAL SECURITY RESET WATCH: AI CYBER THREATS PUSH FINANCIAL LEADERS TOWARD GREATER COOPERATION
G7 finance leaders are planning cybersecurity simulations as the IMF warns that increasingly sophisticated AI-driven attacks could threaten confidence in banks, payment networks and the wider financial system.
TNT:
Tishwash: The US Treasury lifts restrictions on a number of Iraqi exchange companies - Breaking News
The US Treasury lifts restrictions on Iraqi exchange companies
The US Treasury Department has lifted restrictions on a number of Iraqi exchange companies, after verifying that they meet the compliance standards approved by the Central Bank of Iraq, allowing them to return to participating in dollar sales to travelers.
This step comes as part of strengthening compliance with regulatory controls and organizing foreign currency sales operations in accordance with approved frameworks.
KTFA:
Clare: Iraq Budget Bill Sent Back to Finance Ministry for Revisions
The 2027 draft budget bill has been returned to the Ministry of Finance to conduct necessary modifications and revisions
Good Morning Dinar Recaps,
GLOBAL FINANCIAL RESET WATCH: IMF AND WORLD BANK MEETINGS EXPOSE GROWING DEBT AND COOPERATION CHALLENGES
The IMF and World Bank's October meetings highlighted how rising borrowing costs, geopolitical conflict and uncertainty surrounding artificial intelligence are complicating the search for sustainable global economic growth.
A Good Week To Be On A Government Payroll
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 16, 2026
It was a good week to be on a government payroll and a bad one to be paying for it. Here are a few of the most absurd stories from the last several days in case you missed them.
Too tired to go to work? The Australian government has your back!
Source: Over $11M Missing From Iraqi State Bank
2026-10-17 Shafaq News- Baghdad
More than 17 billion Iraqi dinars ($11.18 million) in collected revenues and funds held in electronic accounts have reportedly gone missing from a state-owned bank, a source familiar with the matter told Shafaq News on Saturday.
KTFA
Saturday Night Video
FRANK26…10-17-26….”REQUIRED LOAN
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#
Ariel: What is Not Feasible for Iraq
10-17-2026
In My Opinion- What Is Not Feasible For Iraq
Iraq cannot formally submit a credible, WTO-compliant 2027 budget using a phantom program rate (1,310) that nobody not the IMF, not the World Bank, not their own central bank governors believes reflects economic reality.
A budget denominated in a currency that has no operational international Forex rate is a fiscal fiction. It cannot be audited. It cannot be stress-tested.
TNT:
Tishwash: President Al-Zaydi: The cabinet formation is complete and we have filled the vacant portfolios.
Prime Minister Ali Faleh al-Zaidi confirmed on Thursday that the cabinet formation is complete five months after the government was formed, stressing the commitment to implementing the government program's priorities and responding to the aspirations of Iraqis.
Al-Zaydi said in a statement received by Iraq Observer that the government has worked diligently and persistently over the past months under extremely complex internal and external circumstances, explaining that the war in the region has imposed, and continues to impose, exceptional economic challenges on Iraq, in addition to security challenges that require the highest levels of responsibility and vigilance.
Why Are Central Banks Buying So Much Gold in 2026?
Published: 10-05-2026 De-dollarization is the gradual shift by central banks away from holding the US dollar as their dominant reserve asset. In practice, that usually means adding gold and other currencies instead. In 2026, this shift stopped being a theory investors had to take on faith.
Specifically, it is now a documented pattern, visible in the World Gold Council’s own survey data and in the IMF’s own reserve statistics.
Good Afternoon Dinar Recaps,
GLOBAL DEBT RESET WATCH: DEVELOPING NATIONS FACE RECORD DEBT AS NEW FINANCING MODELS EMERGE
Record external debt, shrinking foreign aid and rising financing costs are pushing developing nations to seek new ways to fund growth and reshape their relationships with global financial institutions.
You Could Earn 6% On Your ‘Plan B’ Home Abroad
Note From the Field By James Hickman (Simon Black / Sovereign Man) October 15, 2026
For a lot of Americans, the beachfront condo has become unattainable. In Naples, Florida, the median beachfront condo on the market is listed at about $2 million. And that’s before factoring in condo fees and skyrocketing insurance costs.
Now compare that to an apartment we found during research for members of our flagship service, Plan B Confidential, in João Pessoa, a midsize beach city on Brazil's northeast coast.
Part 2: A Secret Global Monetary Reset Has Started (Watch Before This Video Is Banned)
George Gammon: 10-17-2026
Chapter 4: Bank creation of money
I'm going to show you how these banks create the dollars, create the money supply, and how that in and of itself creates a tremendous amount of demand for dollars and treasuries.
What we have is a debt based monetary system. I'm sure you guys have heard that term before. And essentially what that means, whether we like it or not, is money or currency, whichever term you want to use, is really debt.
A Secret Global Monetary Reset Has Started (Watch Before This Video Is Banned) Part 1
George Gammon: 10-17-2026
Chapter 1: The global monetary reset
A global monetary reset is happening right now. And I can assure you it is nothing like what you've been told. You think it's about oil and the petro dollar, but it's not. It's about debt.
It's about trillions and possibly quadrillions of dollars in debt. This is the biggest monetary reset in the history of the world. It might even be the biggest event the world has ever seen. And it's happening in secret.
MilitiaMan & Crew: The Bank File They Don't Want You To See
10-1702926
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
The International Monetary Fund pledges financial and economic support to Iraq; a forthcoming loan program opens the door to reforms.
Last updated: October 17, 2026 The Independent / Baghdad – The Managing Director of the International Monetary Fund, Kristalina Georgieva, announced on Saturday, October 17, 2026, the Fund’s intention to provide strong support to Iraq through a loan program requested by the Iraqi authorities, in addition to supporting economic and financial policies, in a move that may represent a new phase of cooperation between Baghdad and international financial institutions.
Good Morning Dinar Recaps,
GLOBAL DEBT RESET WATCH: IMF MEMBERS CALL FOR MORE SUPPORT AS WAR AND ENERGY COSTS PRESSURE ECONOMIES
International financial leaders are calling for greater support for vulnerable economies as conflict, rising energy costs, mounting debt and rapid technological change test the resilience of the global financial system.
Fiat Dollar Purchase Power Down 87 Percent since 1971, Gold up More than 9000 Percent
And We Know: 10-18-2026
In today’s rapidly changing economic landscape, understanding the health of our global monetary system is more important than ever.
A recent insightful discussion from the And We Know Official YouTube channel delves deep into the historical shifts that have shaped modern finance, focusing specifically on the dramatic loss in purchasing power experienced by fiat currencies worldwide since 1971.