the destruction of the east wing of the White House. It was demolished to make space, of course, for President Trump's ballroom. It's a move that has sparked some backlash uh from Democrats, even from some Republicans.Former Republican Congressman Joe Walsh said this. I'm going to read you part of it. Quote, I will repeat this every single day for the next three years.Any Democrat running for president in 2028 must pledge to immediately tear down, bulldoze, demolish Trump's ballroom and fully restore the Ea ...

When tariff wars hit you from behind as you're breaking resistance. https://t.co/sgXuLUzpXC ...

Oil Market Outlook - The report indicates that large OPEC+ inventories and increased production are contributing to a forecast of crude oil prices around $51 per barrel by early 2026 [1] - Predictions suggest that rising natural gas prices and falling oil prices will lead to crude oil trading at its lowest premium to natural gas since 2005 [1] - The U.S. Energy Information Administration warns of a significant decline in Brent crude oil production and prices, projecting a drop from $68 per barrel in August to approximately $50 per barrel early next year [1] Company Layoffs and Financial Performance - ConocoPhillips announced layoffs that will reduce its workforce by 20% to 25% before the end of the year, reflecting broader challenges in the oil industry [4] - Other major oil companies, including BP, Chevron, Halliburton, and SLB, are also experiencing layoffs as earnings decline to their lowest levels since the COVID-19 pandemic [2] - ConocoPhillips reported second-quarter earnings of $1.97 billion, down from $2.33 billion year-over-year, with CEO Ryan Lance attributing this to prioritizing acquisitions over cost management [2][3] Industry Challenges - The oil industry is facing a slowdown in production and demand, with projections indicating this slump may extend into 2026 [5] - Inflation and ongoing tariff wars have negatively impacted oil prices, which were around $80 before the current administration took office [5] - Experts believe that if oil prices fall into the lower $60s or upper $50s per barrel, public independents will need to cut budgets and rigs, potentially leading to job losses and economic impacts in local communities [6][7]

Policy & Regulation Impact - Biofuel policies, including tariff wars and blending requirements, pose a threat to increase costs for refineries [1] - Increased refinery costs could ultimately lead to higher gas prices for American consumers [1] Industry Concerns - Oil trade group expresses concerns to congressional leaders regarding the potential cost spikes [1]