The fiscal fantasy of fossil fuels

Hormuz: China Oil Demand Tapped out, Heavy Truck EVs Rise

If the country stops needing to use diesel for trucks, that is game over for petroleum

Subsidi diesel bersasar: Jimat sehingga RM2 bilion setahun

PUTRAJAYA: Pelaksanaan pembaharuan penyasaran subsidi diesel yang mula berkuat kuasa pada 1 Julai ini dijangka mampu menjimatkan perbelanjaan negara sehingga RM2 bilion setahun. Menteri Kewangan II, Datuk Seri Amir Hamzah Azizan berkata, hasil daripada penjimatan tersebut seterusnya akan dipulangkan semula kepada rakyat menerusi penyasaran subsidi diesel daripada RM2.15 kepada RM2.10 seliter. “Hanya warganegara Malaysia yang ... Read more The post Subsidi diesel bersasar: Jimat sehingga RM2 bilion setahun appeared first on Utusan Malaysia.

La fidélité de Trump envers les entreprises du secteur des énergies fossiles fait grimper l’inflation

Plus vite nous abandonnerons les énergies fossiles, mieux nous nous porterons ainsi que notre portefeuille. Source : Basav Sen, TruthoutTraduit par les lecteurs du site Les-Crises Devant le Capitole américain à Washington, le 20 mai 2026, une pancarte qui fait référence aux prix élevés de l’essence est visible lors d’un événement organisé par VoteVets pour []

Up to one billion litres of diesel to be saved every year by MyKad subsidy plan, says finance minister II

KOTA KINABALU, June 23 — The federal government’s new MyKad-based targeted diesel subsidy system is expected...

Guyana’s Oil Boom, The President’s Farm And The Case For Transparency

Commentary By Felicia J. Persaud News Americas, NEW YORK, NY, Mon. July 6, 2026: A country can post spectacular GDP growth while ordinary households still struggle to make the numbers work. It can export billions of dollars in oil while wages lag behind the cost of food, housing, transport and daily survival. It can celebrate []

General : Reduction In Diesel Price To Bring Direct Benefits To The People - Mustapha

KOTA KINABALU, June 22 (Bernama) -- The reduction in the subsidised diesel price to RM2.10 per litre from July proves that the economic reforms and targeted subsidy measures implemented by the MADANI Government are beginning to deliver direct benefits to the people.

New Report: Pennsylvania’s Carbon Taxes Hurt Ratepayers, Slowed Innovation

New Report: Pennsylvania’s Carbon Taxes Hurt Ratepayers, Slowed Innovation

I saw British soldiers killed due to spending failures. More money isn’t the answer

Without radical change, simply 'spending more' will be a catastrophic waste we can't afford

WA’s fossil fuel exports could drop by $28 billion under net-zero future: report

Under one scenario modelled in a new report from the Bankwest Curtin Economics Centre, fossil fuel exports could decline to about 11 billion by 2050.

How Florida's Dream of Ever-Lower Taxes Flew Too Close to the Sun...

How Florida's Dream of Ever-Lower Taxes Flew Too Close to the Sun... (First column, 8th story, link) Drudge Report Feed needs your support! Become a Patron

Fossil Fuel Subsidies to Hit $1 Trillion in War’s Energy Price Shock, UN Says

Fossil fuel subsidies are projected to reach 1.1 trillion in 2026 as governments spend more to shield consumers from high energy prices triggered by the war in Iran.

VIDEO: Assemblyman Inganamort rips Governor Sherrill’s broken budget promises

By Matt Rooney The FY 2027 budget is a hot mess, Save Jerseyans. All but two legislative Republicans opposed it, and many did so eloquently. [...]

Democrats Try To Grave-Rob Jimmy Carter’s Oil Tax

Democrats are trying to revive a Carter-era redistribution tax targeting oil producers. Democratic Rhode Island Sen. Sheldon Whitehouse and Democratic California Rep. Ro Khanna reintroduced the Big Oil Windfall Profits

दुई पालिका जोड्ने निर्माणाधीन पुललाई दुई करोड बजेट

तनहुँ। दुई पालिका जोड्ने निर्माणाधीन मोटरवेल पुलका लागि गण्डकी प्रदेश सरकारबाट रु दुई करोड बजेट विनियोजन भएको छ। व्यास नगरपालिका र ऋषिङ गाउँपालिका जोड्ने सेती नदीमाथि निर्माणाधीन पुलका लागि प्रदेश सरकारले आर्थिक वर्ष २०८३/८४ का लागि रु दुई करोड बजेट विनियोजन गरेको हो। विसं २०७७ चैत २३ गतेदेखि निर्माण सुरु भएको उक्त पुल निर्माण व्यवसायीको []

Opinion: Tired of the Familiar Rhetoric, Familiar Empty Answers of the PFD Debate

By Shelley Hughes, former State Senator and 2026 Candidate for Governor I have heard the same promises about the Permanent Fund Dividend for years. Every election cycle brings bold declarations, sweeping guarantees, and applause lines about “full PFDs” or “a final payment.” We are hearing it again this cycle, more of the same rhetoric, but [] The post Opinion: Tired of the Familiar Rhetoric, Familiar Empty Answers of the PFD Debate appeared first on Must Read Alaska.

This Week In Waste – July 10, 2026

Welcome to This Week in Waste, a series by Citizens Against Government Waste (CAGW) that highlights how taxpayer dollars are being wasted in the federal, state, and local levels of government and efforts to fight back against this spendthrift behavior. New Report: Center for Medicare and Medicaid Innovation Has Yet to Deliver Any Meaningful Savings for []

Santa Marta Conference: outcome report calls for human rights and justice to shape fossil fuel phaseout plans

The outcome report of the 1st International Conference to Transition Away From Fossil Fuels was published at the London Action Climate Week. It makes strong calls for fossil fuel phaseout plans that advance all human rights, redress economic injustices and protect environmental defenders – fully reflecting the International Federation for Human Rights (FIDH)'s contributions to the process. 25 June 2026. It is a long-known, scientifically backed fact that the dependence on and use of () - Business, Human Rights Environment / News

A Short Economic History of the United States

From a slave economy to a global empire in 250 years.

$37B Leak: Florida Lawmakers New Bill Forces Nationwide Crackdown On Medicaid Waste, Fraud

A new legislative push in Washington is targeting billions of dollars in improper government spending by tightening rules on how states track Medicaid funds. Senate Committee on Aging Chairman Rick Scott and U.S. Representative Gus Bilirakis introduced the Medicaid RAC Improvement Act of 2026, a bicameral bill designed to force all states to participate in [] 37B Leak: Florida Lawmakers New Bill Forces Nationwide Crackdown On Medicaid Waste, Fraud

Election 2026: David Seymour attacks Green Party’s new inheritance, income tax plan

Election 2026: David Seymour attacks Green Party’s new inheritance, income tax plan

This Deadly Heat Wave Has a Culprit

As people die in this heat, it’s time to kick the fossil fuel industry out of our politics. The post This Deadly Heat Wave Has a Culprit appeared first on Institute for Policy Studies.

Tell Congress: Stop Making it Hotter

The U.S. Congress has always given dramatically larger subsidies to fossil fuels than to solar or wind. Yet, just now, in the middle of a heat wave, with renewables having just become the world's largest source of electricity, not to mention the most affordable, the Energy Secretary has announced an end to all subsidies for solar and wind and the removal of energy efficiency rules for home appliances, risking disastrous power outages.

‘It isn’t reform’: Labor’s bill labelled a ‘great, big tax grab’

Former Queensland premier Campbell Newman claims Labor’s tax bill is not reform, but rather a “great, big tax grab”. “It isn’t reform… they label it as reform, but it’s not,” Mr Newman told Sky News host Steve Price. “It is a great, big tax grab, the largest tax grab that I can recall in my lifetime."

Major bills loom as Delaware lawmakers face final day of session

As the final day of the 2026 legislative session approaches on Tuesday, several bills face uncertain futures, including a slate of property tax reforms and legislation that seeks to rein in healthcare costs. Also pending is the state’s perennially contentious capital budget that would distribute nearly 1.26 billion dollars to state building projects. The post Major bills loom as Delaware lawmakers face final day of session appeared first on Spotlight Delaware.

Report: Carbon policies put Alberta’s energy sector at major disadvantage to Texas and New Mexico

A new Fraser Institute report released Thursday finds that federal and provincial carbon policies are eroding Alberta’s competitive position in oil, natural gas and electric power production compared with key U.S. states.

The people going hungry to pay for (a small fraction of) Trump’s wars and upper-class tax cuts

Republican priorities cannot be laid out more starkly than this: As spring hit Maine and the lobstermen prepared for the summer season by repairing their traps and replacing their rope, state lawmakers set out to mend a widening hole in the American social-safety net. Last year’s passage of the massive federal tax-and-spending One Big Beautiful [] The post The people going hungry to pay for (a small fraction of) Trump’s wars and upper-class tax cuts appeared first on Lawyers, Guns Money.

Americans for Prosperity-North Carolina Applauds Passage of State Budget

RALEIGH, NC – Today, Governor Josh Stein signed into law North Carolina’s first comprehensive state budget since 2023, a budget crafted by the General Assembly that will further reduce individual income taxes, increase teacher and law enforcement pay, and offer additional funding to communities still recovering from the lingering impacts of Hurricane Helene. Americans for [] The post Americans for Prosperity-North Carolina Applauds Passage of State Budget appeared first on Americans for Prosperity.

Russell Vought’s Latest Plan to Gut the Government Should Terrify You

Gregg Gonsalves A proposed new rule changing the way the federal government hands out money could be absolutely devastating for every single person in this country. The post Russell Vought’s Latest Plan to Gut the Government Should Terrify You appeared first on The Nation.

WATCH: Burnham’s First Major Speech on Economy

No questions

95 percent say US in affordability crisis: Survey 

A vast majority of Americans cast a negative view of living costs in the U.S. in a new poll released on Wednesday. The survey, which was conducted by Harris Poll for The Guardian, found that 95 percent of U.S. adults believe the country is facing an affordability crisis. This report was conducted before the U.S....

How BUILD America 250 Act would create massive risk and costs to the public

Why would Congress consider a bill that massively tilts shipping methods toward trucking — the deadliest, most polluting, congestion-causing, and heavily publicly subsidized mode, while punishing rail, the cleaner, safer, and financially self-sufficient mode? That is what the bill the House Transportation and Infrastructure Committee passed last month does. The Building Unrivaled Infrastructure and Long-term []

Alexandria Ocasio-Cortez drops blistering warning on ‘political albatross’ Trump is facing

Rep. Alexandria Ocasio-Cortez (D-N.Y.) argued this week that the rising cost of living has become a genuine crisis for ordinary Americans — and a serious political liability for President Donald Trump heading into the November midterms. Her comments were highlighted by CBS News correspondent Scott MacFarlane, who framed the affordability crunch as “a political albatross []

4 Midsummer Tax Moves That Could Pay Off Big Before Year's End

Put these on your July to-do list ASAP.

Labor-Greens tax deal on negative gearing and CGT reforms sparks Coalition backlash

The Government’s deal with the Greens to pass sweeping tax reforms has sparked outrage, with the Coalition declaring war on what it calls Labor’s ‘toxic taxes’.

Building A Lifetime Income Stream From Day One

Building A Lifetime Income Stream From Day One

If productivity can’t be measured (and it can’t, not really), how can we improve it?

When politicians and economists bang on about the need to increase productivity, they’re arguing about a concept that is nothing more than a puff of smoke.

Industrial firms warn EU carbon overhaul could benefit polluters

Now policymakers are facing a dilemma over whether to hold the line on carbon pricing or yield to political pressure and help heavy polluters.

Indonesia carbon trading reforms restore investor trust

A non-profit organisation The Reform Initiatives (TRI) stated the Ministry of Forestry's carbon trading ...

Breaking: Tax Shelters [Ironic]

[link] [2 comments]

America at 250: The 3 Economic Headaches That Haven't Changed Since 1976

America at 250: The 3 Economic Headaches That Haven't Changed Since 1976

America’s 250-Year-Old Dream Transcends Political Rancor

But will America survive to see its tricentennial?

Global oil demand is falling, and crude prices are down. But here’s why gasoline, diesel and other refined products are still costly

The main exception to the global slump in oil usage was in the U.S., where gasoline use increased in the second quarter of 2026.