U.S. Bureau of Labor Statistics reported that the unemployment rate was unchanged at 3.7 percent in November and has been in a narrow range of 3.5 percent to 3.7 percent since March. The number of unemployed persons was essentially unchanged at 6.0 million in November.

Democratic and Republican leaders in Congress vowed on Tuesday to pass legislation averting a nationwide rail strike, saying they agree with President Biden that a work stoppage during the winter holidays would disrupt shipping and deal a devastating blow to the nation’s economy.

Chevron Corp. has won U.S. approval to resume and expand its oil operations in Venezuela, the U.S. government announced on Saturday.

Blocking pipelines, refusing to hold federal lease auctions for exploration and production, canceling the Keystone XL oil pipeline, and looking to block oil and gas exports are just a few of the destructive energy policies that the Biden administration has adopted. 

Federal data is painting a very clear picture of the next three decades. The key takeaway? Oil and natural gas aren’t going anywhere as leading fuel sources to meet our demand as Americans recover from the pandemic and increased economic activity re-emerges.

The Fed has ratcheted up interest rates this year, but that’s only half of its approach to fighting inflation and taming frothy markets.