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Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
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Exxon CEO Warns Biden Administration Against Limiting Fuel Exports

Exxon Mobil Corp. is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump prices at home. Exxon told the Energy Department this week that the oil industry shouldn’t slow fuel shipments in favor of putting more in...

The Best Way to Combat Putin’s Nuclear Threats
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The Best Way to Combat Putin’s Nuclear Threats

Vladimir Putin has again threatened to use nuclear weapons to protect Russia and its people. In his remarks Friday, he extended that nuclear deterrence over the 15% of Ukraine’s territory that Russia annexed after sham referendums that ended on Wednesday. That even includes some lands already liberated by the Ukrainian army. Mr. Putin’s threats constitute...

Gavin Newsom’s Gas Price Premium
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Gavin Newsom’s Gas Price Premium

Cash-strapped Americans have received relief from falling gas prices in recent weeks, but not Californians. The average gas price in the Golden State this week surged to $6.29 a gallon—$2.50 more than the national average—and the reasons are worth distilling since Gov. Gavin Newsom wants to export the state’s energy policies nationwide. California gas prices...

The Bad Inflation News Continues
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The Bad Inflation News Continues

Anyone looking for inflation relief in the Federal Reserve’s preferred measure didn’t find it on Friday, and that probably means more financial trouble ahead as the Fed tightens further. The personal-consumption expenditure price index, which the Fed uses when it assesses price pressures in the economy, rose 6.2% in August from a year earlier. That’s...

A Supreme Court Watershed – WSJ
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A Supreme Court Watershed – WSJ

The Supreme Court kicks off its new term on Monday, and the welcome back isn’t universal. “Supreme Court term begins amid questions about its legitimacy,” says a headline over a news story in the Washington Post. We could cite a dozen similar takes. These articles offer no explanation for this pique other than that the...

Covid Fraud Hits $45.6 Billion
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Covid Fraud Hits $45.6 Billion

The Labor Department’s Inspector General has updated its estimates of fraud in pandemic-era unemployment benefits, and it’s hard to know what’s worse: the shoddy systems that allowed crooks to bilk taxpayers, or the Biden Administration’s refusal to do anything about it. The IG first alerted Labor to the scope of the problem with reports in...

The Supreme Court Can Restrain the IRS
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The Supreme Court Can Restrain the IRS

The Internal Revenue Code is riddled with excessive penalties for what are often honest mistakes. This year, taxpayers must prepare to deal with a newly emboldened Internal Revenue Service, to which Congress allocated an additional $46 billion for enforcement. The Supreme Court has the opportunity to protect taxpayers by hearing one of three cases that...

Elon Musk and Twitter Argue Over Unresolved Pretrial Information Requests
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Elon Musk and Twitter Argue Over Unresolved Pretrial Information Requests

Updated Sept. 27, 2022 5:59 pm ET Listen to article (2 minutes) Lawyers for Elon Musk and Twitter debated several pending requests for information in their continuing legal fight, with less than three weeks to go before a scheduled trial over Mr. Musk’s soured $44 billion takeover. Among the issues discussed were whether Mr. Musk’s...