Scott Peters

Iran is the head of the snake for global terrorism, and through President Trump’s Operation Epic Fury, we are winning this critical fight at an even faster pace than anticipated. In response to Iran’s terrorist attacks against global energy infrastructure, the Trump Administration will continue to deploy America’s economic and military might to maximize the flow of energy to the world, strengthen global supply, and seek to ensure market stability. Today, the Department of the Treasury is issuing a narrowly tailored, short-term authorization permitting the sale of Iranian oil currently stranded at sea. At present, sanctioned Iranian oil is being hoarded by China on the cheap. By temporarily unlocking this existing supply for the world, the United States will quickly bring approximately 140 million barrels of oil to global markets, expanding the amount of worldwide energy and helping to relieve the temporary pressures on supply caused by Iran. In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury. This temporary, short-term authorization is strictly limited to oil that is already in transit and does not allow new purchases or production. Further, Iran will have difficulty accessing any revenue generated and the United States will continue to maintain maximum pressure on Iran and its ability to access the international financial system. So far, the Trump Administration has been working to bring around 440 million additional barrels of oil to the global market, undercutting Iran’s ability to leverage its disruptions in the Strait of Hormuz. President Trump’s pro-energy agenda has driven U.S. oil and gas production to record levels, strengthening energy security and lowering fuel costs. Any short-term disruption now will ultimately translate into longer-term economic gains for Americans – because there is no prosperity without security.

Waiting for the old Team Obama to flood our feeds with “If we’d stayed in JCPOA, Iran wouldn’t have missiles that could fly 4000 KM.” Except the JCPOA didn’t put limits on the missiles.

Centrists will try and claim that centrism is popular. Here he is, your ideal centrist. Totally despised.

Enviros: “We must oppose NEPA reform, it’s a fossil fuel handout” House Freedom Caucus: “We must oppose NEPA reform, it’s a wind and solar handout”

Here's something fascinating happening in the apartment market right now. The cheapest, oldest apartments (Class C) are getting crushed right now. But ONLY in cities that just delivered tons of new apartments. Let me show you the numbers: Denver: Class C rents down 13.9% Naples: Class C rents down 13.5% Austin: Class C rents down 13.3% Phoenix: Class C rents down 10.5% San Antonio: Class C rents down 7.2% Dallas: Class C rents down 6.5% What do all these cities have in common? They just absorbed a massive wave of new apartments. But here's the twist... In cities that DIDN'T get a big supply wave? Class C rents are actually RISING. 20 cities saw Class C rents go UP more than 3%. 19 of those 20 cities had supply BELOW the national average. So what's going on? It's basically musical chairs. When a brand new luxury apartment opens up, where do those renters come from? They don't appear out of thin air. They move from slightly older apartments. Those apartments now have vacancies. So they drop their rents to compete. That pulls in renters from even older apartments. And down the chain it goes. Eventually it hits the oldest, cheapest apartments at the bottom. And here's why they get hit the hardest: People living in Class C apartments are already spending a huge chunk of their paycheck on rent. To fill empty units, landlords have to cut prices A LOT. Sometimes enough to attract people who couldn't afford market-rate apartments before. It's like a waterfall effect. The water (new supply) at the top pushes everything down. But here's the important part: This proves that building new apartments - even "luxury" ones - reduces rents all the way down the spectrum. If it was just an affordability crisis, you'd see Class C rents falling everywhere. In high-supply cities AND low-supply cities. But we're not seeing that. We're seeing a perfect split: Lots of new apartments = falling Class C rents Few new apartments = rising Class C rents New supply at the top creates relief at the bottom. Also: wages have been growing faster than rents for 3 straight years. More people can afford apartments today than before. The bottom line? This is what happens when you actually build housing. Supply works. (Chart and analysis from Jay Parsons - one of the sharpest real estate economists out there)

FOX: So you would ask Speaker Johnson to recall the House? GOP REP. KEVIN KILEY: Not only would I, I've asked him to do it repeatedly. There's no justification. And honestly, it's Republican voters who should be most upset about this when they delivered a Republican majority and now that's being wasted.

Trump to the Novo Nordisk CEO: "Maybe you should give us a piece of the company like I've been asking for."