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Government Shutdown: The Sequel

Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives.

The U.S. is again facing a government shutdown at the end of September. Lawmakers are returning to Washington to debate another short-term funding bill. They are calling this a “continuing resolution” because it is by no means a permanent solution.

If no resolution is made, the U.S. will run out of money on September 30. Yet U.S. Secretary of State Antony Blinken is expected to commit another $1 billion of aid to Ukraine today.

Consumers are feeling the effects of politics. Gas prices are at their highest seasonal level in more than a decade with an average of $3.811 per gallon. This was a reaction to Saudi Arabia and Russia extending the OPEC+ production cuts in order to avoid flooding the market with cheap gas.

The last time gas prices were this high was September 2012.

Europe is also facing a gas crisis due to threat of strikes in Australia. Australia is the number one exporter of liquefied natural gas (LNG). Chevron is trying to avoid a workers strike in those plants, which is scheduled for Thursday. If they don’t reach a deal, they face a two-week strike. This would disrupt the gas market around the world and send prices up just as winter is coming.

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