<p>Americans have had fairly stable energy prices for the past few years, and fairly low ones, in part due to the tremendous increase in energy production in the United States – both natural gas and oil. In 2018,  the U.S. produced <a href="https://www.eia.gov/energyexplained/us-energy-facts/">95% of its domestic energy requirements</a>, the largest share since 1967. Stability is also owed to a mainly-steady oil supply emanating from OPEC countries and Russia, making up for decreased supplies from Iran and Venezuela. Gas prices, the marker Americans watch almost to the exclusion of everything else, <a href="https://www.eia.gov/todayinenergy/detail.php?id=42435">averaged $2.60/gal in 2019 </a>, 4% lower than in 2018.</p>
<p>But while much of American energy is domestic, oil is a commodity with a single world-wide market. The choices other countries make ultimately affect our industry. In December 2016, Russia concluded an agreement with OPEC to balance output and stabilize price at an agreed-upon level – then at about <a href="https://www.csis.org/analysis/russia-and-saudi-arabia-new-oil-bromance">$60/bbl</a>. As expected, everybody cheated a little bit, but by the end of 2017, stability emerged. Saudi King Salmon paid his first ever state visit to Russia, where Russian President Vladimir Putin talked about major investments in the kingdom. In June of last year, <a href="https://www.theguardian.com/business/2019/jun/30/russia-saudi-arabia-extend-deal-opec-oil-output">the deal was extended</a> for six to nine months. “Demand is softening a little bit, but I think it’s still healthy,” said Saudi energy minister, Khalid al-Falih.</p>

BRYEN: Trump Fills The Reserve

CONTINUE READING

BRYEN: Germany Ends Its Relationship With Hezbollah Proving Money Matters

BRYEN: The Arabs And Europeans React To Trump’s Middle East ‘Vision’

BRYEN: Donald Trump’s Vision For The Middle East

BRYEN: Running Up To The Peace Process

BRYEN: Trump Tweets For Liberty In Iran

BRYEN: The Dispatch Of Soleimani And The Escalation Of The War

News and Commentary

Donald Trump

Oil and Gas

Russia

Saudi Arabia

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News and Commentary —

BRYEN: Trump Fills The Reserve