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The Los Angeles Memorial Design Report: What Families Commissioned This Year

Los Angeles - Headstone

Every design discipline publishes an annual trend report except the one whose products last longest. Fashion gets its color of the year; kitchens get their backsplash forecasts; memorial design – a field where Los Angeles quietly leads the country – gets nothing. This report corrects that, compiling what LA families actually commissioned over the past year across the region’s cemeteries, from the historic Eastside grounds to the memorial parks of the Valley and the coastal lawns. Sources: design consultations, installer observations, and the commission patterns visible through the region’s monument studios – the catalog of custom gravestones los angeles families draw from served as this report’s reference index. Six trends defined the year. Here they are, ranked by momentum.

Trend one: the portrait era reaches full saturation. Laser-etched photographic portraiture on polished black granite is no longer a trend in Los Angeles; it is the default, and this year it crossed a threshold – the candid overtook the formal. Families increasingly reject the driver’s-license pose for the laughing photo, the quinceañera dance, the man mid-cast on the pier at Redondo. Designers report coaching sessions that now run in reverse: a decade ago they persuaded families that etching could handle a photo at all; today they persuade them to bring five candids and choose the one with the truest face. The technical driver is etching resolution; the cultural driver is Instagram – a generation that curated its living images expects the same authorship over the permanent one. Forecast: irreversible.

Trend two: bilingual composition grows up. LA has carved two languages on one stone for generations; what changed this year is the design maturity. The old pattern – English layout with a translated line appended – is giving way to genuinely bilingual composition: Spanish and English given equal typographic weight, or the hierarchy deliberately reversed, the Spanish presiding because Spanish was the language the household actually ran on. Armenian-English stones in the Glendale-adjacent grounds, Chinese and Vietnamese vertical-and-horizontal hybrid layouts, Hebrew paired with English in the Jewish cemeteries – the region’s designers now speak of “composing the bilingual page” as its own skill, with native-reader proofing treated as non-negotiable. This report’s assessment: LA’s most exportable memorial innovation, and the rest of the country is importing it.

Trend three: the Guadalupana, rendered finer. The Virgen de Guadalupe remains, by commission volume, the single most requested image in Los Angeles memorial art – no other subject is close – and this year’s development is craftsmanship inflation in the best sense. Families increasingly commission the full iconography at fine-art fidelity: the rays individually cut, the mantle’s stars accurate, the roses at her feet given real depth. Alongside her: the Sagrado Corazón, San Judas Tadeo for the households that kept his candle, and papel-picado-inspired border work that one Eastside designer calls “the most LA design element in the whole catalog.” The report notes the obvious with respect: this is not decoration, it is devotion, and the craft ceiling keeps rising because the families keep asking it to.

Trend four: small stones, maximal design. The cremation majority reshaped the commission mix this year more than any prior year. LA’s cremation rate runs among the nation’s highest, and the resulting monuments – compact uprights, hearts, pedestal stones, generous flat markers over urn plots – concentrated design spend instead of shrinking it. The per-square-inch ambition of this year’s small-format work exceeded the full-size commissions: imported granites, gilding, double-sided engraving, portrait work at intimate scale. The trade’s old assumption that smaller meant simpler died quietly in Los Angeles this year. Forecast: the small-format premium tier becomes its own catalog category within two years.

Trend five: the industry motifs go public. Every city carves its work onto its stones eventually; this year LA stopped being shy about its industries. Film clapboards and reel motifs, guitars and microphones, lowrider silhouettes rendered with automotive accuracy, chef’s knives, union locals numbered proudly, and – a small phenomenon installers began remarking on – the studio-lot water tower as a background element in etched scenes. The taboo that memorial art must be solemnly generic has fully collapsed here, replaced by the older, truer rule that a monument should be recognizable. In Los Angeles, recognizable includes the work, and the work includes the dream factories.

Trend six: pre-need goes younger. The report’s demographic surprise: pre-need commissions – monuments designed in advance by their eventual occupants – grew fastest this year among clients in their fifties, a decade younger than the traditional pre-need buyer. Consultants attribute it to estate-planning culture, real-estate-minded price-lock logic (locking granite prices resonates in a city that thinks in appreciation), and the portrait era’s authorship instinct extending to the final image: people who curated everything else intend to art-direct this too. These are reportedly the industry’s most cheerful appointments, and the finished designs skew confident – the wry epitaph, the exact photo, the settled aesthetic of people choosing without grief in the room.

The report’s outlook. Synthesizing the six: Los Angeles memorial design is converging on authorship – the family’s language given equal weight, the true photo over the formal one, the devotion rendered finely, the work named proudly, the design chosen, increasingly, by its own subject. The city that manufactures imagery for the world has turned the same expectation on its most permanent medium, and the region’s studios have built the capability to meet it: bilingual design teams, fine-etching artists, cemetery-regulation verification across the region’s very different grounds (the historic cemeteries and the flat-only memorial parks enforce opposite rulebooks, and this report advises every family to obtain their section’s rules in writing before commissioning anything). The reference catalog and consultation process behind this year’s commissions is at memoryheadstones.com, LA page, for families ready to join next year’s report.

Design trend reports traditionally close with a color of the year. This one has an answer, and it required no deliberation: polished black – the granite of the portrait era, the Guadalupana’s night-sky ground, the page both of this city’s languages read best against. Los Angeles chose it thousands of times this year. The report merely counted.

How to Ship a Car You Bought Online or at Auction

Ship a Car You Bought Online or at Auction

Buying a car without being in the same state as the seller used to be the kind of thing only dealers and collectors did. Online marketplaces like Carvana, Cars.com, Facebook Marketplace, and others have made it a routine transaction for private buyers too. So have live and online auction platforms like Copart, Manheim, and IAAI, where thousands of vehicles change hands every week to buyers who never set foot in the lot.

The financial logic is sound. A desirable vehicle in Phoenix might be $3,000 less than the equivalent in your market. A specialty truck or collector car may simply not be available locally at any price. Buying from a distance expands the market dramatically and often results in better value.

But the car still has to get from wherever it is to wherever you are. That means dealing with a part of the transaction most buyers underestimate: arranging transport, verifying the vehicle’s condition before committing to the cost, and making sure the shipping process doesn’t undo the savings that made the remote purchase attractive in the first place.

This guide covers how the process works from purchase to delivery.

Step 1: Verify the vehicle before you release payment

The biggest mistake remote buyers make is treating a listing description as a substitute for an actual inspection. Photos can hide rust, frame damage, flood history, and mechanical issues that aren’t visible from the outside. A clean title doesn’t mean a clean car.

Before releasing funds, spend the money on an independent pre-purchase inspection. For a private sale, hire a local mechanic or use a service like CARCHEX or Lemon Squad that sends an inspector to the vehicle’s location. For auction purchases, review the condition report carefully; Copart and IAAI both publish graded reports, but a condition grade is not a mechanical inspection.

If the vehicle is inoperable or has undisclosed damage, you need to know before booking transport; not-running vehicles require different equipment and the shipping cost will be higher.

Also pull the VIN through Carfax or AutoCheck before committing. Title washing, odometer fraud, and salvage-title misrepresentation are common enough in online transactions that skipping this step is a real financial risk.

Step 2: Understand the pickup logistics

Where the vehicle is located determines how quickly a carrier can be assigned and what the transport will cost.

Vehicles at dealerships, rental returns, and auction lots are straightforward to pick up. The lot has a loading area, staff who are familiar with the process, and usually flexible hours. Give the lot’s address and a contact name to your transport company; they’ll coordinate directly.

Private-party pickups require the seller to be available or to leave the keys with someone who is. Confirm this before booking. A transport company that shows up to an address with no one present loses the scheduling slot, and a rebook can add days to your timeline.

Auction vehicles typically require the buyer to arrange pickup within a storage window, usually three to seven days from purchase, before storage fees begin accruing. Factor that window into your transport booking; if pickup is delayed past the free storage period, those fees come out of the savings you thought you were getting.

Step 3: Choose the right transport type

Most vehicles ship on open carriers without any issues. Open transport is the default for a reason: it’s efficient, widely available, and handles the overwhelming majority of vehicles safely.

Enclosed transport is worth the additional cost when:

  • The vehicle has a low ground clearance that makes loading on a standard open carrier a risk
  • It’s a classic, collector, or exotic vehicle where cosmetic condition is part of the value
  • It has a fresh paint job or show-quality restoration work
  • The route includes weather conditions that would concern you

For auction purchases specifically, be aware that some auction lots will only release a vehicle to an enclosed carrier for high-value inventory. Verify this with the lot before booking open transport.

If the vehicle isn’t running, tell the transport company before you get a quote. Non-running vehicles require a winch or forklift for loading, and not every carrier is equipped for it. Disclosing this upfront avoids a repricing conversation when the truck arrives.

Step 4: Book transport and time it correctly

Don’t wait until after you’ve purchased the vehicle to start looking at transport options. Research carriers and get quotes as part of your due diligence, before you finalize the deal. Knowing the shipping cost ahead of time is part of calculating whether the remote purchase actually makes financial sense.

When comparing quotes, make sure you’re comparing equivalent services. A quote that looks lower may exclude carrier insurance, door-to-door delivery, or handling fees that others include. Ask specifically what the quote covers; a full all-inclusive figure is the only valid basis for comparison.

Look for transport companies that don’t charge a deposit until a carrier is assigned. Paying a large deposit to a broker who hasn’t yet confirmed a carrier is a position you don’t need to be in, particularly with a vehicle you haven’t taken possession of yet.

RoadRunner Auto Transport requires no deposit at booking; payment is due only once a carrier is assigned and pickup is confirmed. This is especially advantageous for a remote purchase where timing can shift. Their car shipping calculator gives you an all-inclusive quote for your specific route and vehicle.

For a broader look at the top-rated car shipping companies in the market, this guide to the best car shipping companies covers the field in detail.

Step 5: Document the vehicle’s condition before it leaves

The Bill of Lading is the shipping contract and the condition record. The carrier inspects the vehicle at pickup, notes existing damage, and both parties sign. You or your representative does the same at delivery.

If the vehicle is at a dealer or auction lot and you’re not present at pickup, ask for photos of the condition report and the Bill of Lading documentation before the carrier leaves the lot. Reputable transport companies will accommodate this.

At delivery, inspect the vehicle before signing the delivery paperwork. Check for new damage under good light; a flashlight helps on panels that look clean at a glance. If anything has changed from the pre-pickup condition, note it on the Bill of Lading before signing. Claims filed after an unsigned delivery acceptance are much harder to process.

Step 6: Factor the total cost before you commit to the purchase

The purchase price is only part of the transaction. A complete accounting for a remote purchase includes:

  • Vehicle price
  • Pre-purchase inspection (typically $100 to $200)
  • Transport cost (varies by distance and transport type; get a quote before committing)
  • Auction fees, if applicable (buyer’s premiums can add 5 to 20% to the hammer price)
  • Storage fees if pickup is delayed past the lot’s free window
  • Title transfer and registration in your state
  • Any repairs identified in the pre-purchase inspection

Buyers who skip the inspection, underestimate transport cost, or forget auction fees often find that the “deal” they found online is less compelling once all the numbers are in. Run the full calculation first.

Common mistakes remote buyers make

  • Skipping the inspection. This is the most expensive shortcut in the process. A $150 inspection that surfaces a $4,000 problem is money very well spent.
  • Booking transport last. Transport availability on specific routes varies by season and demand. Booking late can mean a longer wait and a higher price, particularly for auction vehicles with a storage deadline.
  • Not disclosing the vehicle’s actual condition. If the car doesn’t run, or has a modification that affects its dimensions (lift kit, wide-body kit), tell the transport company upfront. Surprises at pickup cause delays and can change the price.
  • Comparing base quotes instead of all-in quotes. A quote that excludes insurance or fees will always look better than one that includes everything. Make the comparison on equal terms.
  • Assuming the seller handles everything. Private sellers are not logistics coordinators. Be clear about who is booking the transport, what address the carrier is going to, and who will be present at pickup.

Frequently Asked Questions

Can I ship a car I bought at an auction before the title is transferred?

In most cases, yes. Carriers typically require the Bill of Sale or a release document from the auction house rather than a completed title. Confirm with your transport company what documentation they need before booking, as requirements vary.

How long does shipping take for a remote purchase?

Expect a pickup window of two to five days from when a carrier is assigned, then transit time based on distance. Regional moves often deliver in one to three days; cross-country is typically seven to ten days. Build these timelines into your planning, particularly if the vehicle is at an auction lot with a storage deadline.

What if the vehicle is damaged during transport?

Document the damage on the Bill of Lading at delivery before signing. File a claim with the carrier’s insurance directly; your transport broker can help facilitate this. Photos from pickup and delivery make the claim process significantly smoother. It’s important to fully understand what the carrier’s insurance does and does not cover.

Does it matter that I’m not local to the pickup location?

Not for the transport company. They coordinate directly with whoever has access to the vehicle. What matters is that someone is available at pickup with the keys, and that the address and contact information you provide are accurate.

Is it safe to buy a car I’ve never seen in person?

With a proper pre-purchase inspection, a VIN history report, and a clear understanding of the seller’s return or dispute process, it’s a reasonable transaction. The inspection is the critical variable; buying without one shifts the risk entirely onto the buyer.

Why Your Business Needs Tax Planning Services

tax planning services

Tax season can be stressful for business owners as they navigate complex regulations. Some fear overpaying, while others worry about missed deductions. Where most businesses focus on filing accurate returns, a proactive tax planning strategy can unlock significant savings and financial predictability throughout the year.

What Is the Difference Between Tax Planning and Preparation?

Preparation ensures compliance, while planning focuses on optimization. Tax preparation is a reactive process that focuses on historical accuracy. It compiles financial records from the previous year and files returns with the Internal Revenue Service (IRS) or the state government. Most of this work happens between January and April to meet compliance deadlines.

In contrast, planning looks ahead. It involves analyzing a business’s financial position throughout the year to legally minimize future tax burdens. For successful planning, entrepreneurs must learn complex tax concepts and processes that maximize reduction opportunities before the year ends.

Benefits of a Proactive Tax Strategy

Strategic tax planning delivers measurable advantages that extend beyond simple compliance.

Minimize Annual Tax Liabilities

Year-round planning allows businesses to apply strategies that reduce overall tax bills. Consider strategic timing, which is when entrepreneurs control when they receive revenue and incur expenses. For example, a company that expects high income in the current year may choose to buy new equipment before December 31, which could allow it to claim an immediate large deduction. This can lower taxable income.

Tax credits offer another powerful advantage. While deductions only lower taxable income, credits directly decrease the final bill. The trick lies in knowing the applicable credits for the business’s industry. Some companies invest in research and development or implement green energy solutions to capture valuable incentives.

Ensure Full Compliance and Reduce Audit Risk

When businesses maintain organized, accurate records year-round, they naturally reduce audit-related errors. This forward-thinking approach prevents missed deadlines and ensures meticulous documentation.

Organized, updated paperwork becomes crucial when managing state and local tax obligations. Tax laws vary by business structure and area. That means businesses that sell products or provide services across different states must navigate complex requirements that vary by jurisdiction.

Minimizing audit risk requires identifying and removing red flags before filing. A proactive business collects comprehensive documentation for every deduction and conducts internal reviews to catch potential problems. This systematic approach creates a clear trail of evidence that supports every claim the entrepreneur makes on tax returns. It also gives them confidence that their filings can withstand scrutiny.

Improve Business Cash Flow and Forecasting

Large, unexpected tax obligations create cash flow problems that can destabilize operations. Strategic planning counters this by fostering predictability. It helps entrepreneurs forecast finances accurately and avoid sudden cash shortages. This insight prevents surprise obligations that could require emergency loans or delay critical investments.

Timing major purchases becomes much easier with a clear financial picture. Businesses can set aside adequate funds in advance by assessing their finances throughout the year and predicting tax obligations. This clarity reveals available capital for growth or operational needs.

What Are the Best Tax Planning Services for Business Owners?

Professionals who understand complex regulations can help entrepreneurs implement a comprehensive tax strategy. Here are several options to help businesses with tax planning.

1. Polston Tax

Polston Tax assigns dedicated professionals to each business. Teams can include a tax attorney, accountant and case manager working collaboratively on behalf of the client. This structure provides advanced strategic guidance for entrepreneurs nationwide.

Providing customized tax planning, comprehensive accounting and resolving outstanding IRS or state tax balances form Polston Tax’s core deliverables. With exclusive focus on tax matters since 2001, the company brings decades of concentrated experience. Businesses can schedule a free consultation to discuss potential tax-saving strategies.

2. Dark Horse CPAs

Through its advisory-first approach, Dark Horse CPAs eliminates tax-time surprises by providing strategic guidance throughout the year. Integrated offerings combine tax planning from a certified public accountant with financial and investment planning from a certified financial planner, which creates a unified wealth strategy.

Darkhorse CPAs provides a tax assessment that outlines a clear roadmap of potential approaches and calculates the expected return on investment. A dedicated CPA works collaboratively with each business to foster a high-touch relationship. Additional benefits include maximizing research and development tax credits.

3. Mariner Wealth Advisors

Mariner Wealth Advisors takes a holistic approach by integrating tax matters with wealth management, insurance and estate considerations under one roof. Year-round consulting helps entrepreneurs achieve both business and personal financial objectives.

Securing valuable, complex incentives that many businesses miss demonstrates Mariner Wealth Advisors’ expertise. The firm also provides multi-state tax strategies, bookkeeping support, audit representation and compliance assistance with federal, state and local tax laws.

Be Proactive for a Better Financial Future

Strategic tax planning serves as a fundamental component of smart business management. This forward-thinking approach minimizes liabilities and ensures compliance while reducing audit risk. Entrepreneurs who assess their current strategy and partner with qualified professionals position themselves for sustainable financial success and long-term growth.

Evaluating Local Banks for Customer Satisfaction

Local Banks for Customer Satisfaction

When choosing a bank, interest rates and account features often receive the most attention. However, customer satisfaction is just as important because it reflects the quality of service customers experience over time. Responsive support, knowledgeable employees, digital convenience, and community involvement all influence whether customers remain loyal or decide to switch banks.

For people looking for a local or regional financial institution, evaluating customer satisfaction requires looking beyond advertising claims. Banks that consistently deliver personalized service while maintaining modern banking capabilities often stand out from larger competitors.

What Drives Customer Satisfaction at Local Banks?

Community banks and regional financial institutions often achieve strong customer satisfaction by emphasizing long-term relationships rather than high-volume transactions. While products and pricing remain important, several other factors shape customers’ overall experience.

Key indicators include:

  • Personalized service: Employees understand customers’ financial goals and provide recommendations that remain relevant as financial needs change.
  • Accessibility: Convenient branch locations, responsive customer support and user-friendly digital banking create a seamless experience, improving confidence when managing finances.
  • Community involvement: Local banks that actively support neighborhoods often build stronger trust with customers. A visible local presence reinforces long-term relationships.
  • Financial expertise: Customers value bankers who can guide mortgages, business banking, wealth management and other financial decisions. Knowledgeable advice can help customers make more informed financial choices.
  • Consistency: Reliable service across branches, digital platforms and customer support channels strengthens long-term satisfaction and encourages customer loyalty over time.

These characteristics often distinguish regional institutions from larger national banks, which may rely more heavily on standardized processes.

Regional Banks That Prioritize Customer Satisfaction

The following regional banks illustrate different approaches to delivering positive customer experiences. Midland States Bank, First National Bank of Omaha, Frost Bank and Old National Bank lead by example. They pair relationship-driven service with the broad capabilities customers expect from a modern financial institution.

1. Midland States Bank: Building Relationships Beyond Transactions

Among local banks with the highest customer satisfaction in Illinois, Midland States Bank stands out for combining the personalized service of a community bank with the capabilities of a larger institution. Headquartered in Illinois, it offers personal, business and mortgage loans, as well as equipment financing, treasury services and wealth management solutions. New eligible checking customers can earn a $100 welcome bonus, adding value to an already personalized banking experience.

2. First National Bank of Omaha: Balancing Innovation With Community Banking

First National Bank of Omaha (FNBO) demonstrates how customer satisfaction can grow when digital convenience complements personalized service. As a family-owned bank that has remained independently operated, FNBO continues to emphasize community banking while investing in robust online and mobile banking capabilities. Customers benefit from modern digital tools alongside relationship-based financial guidance, illustrating how technology and personal service can work together to create a positive banking experience.

3. Frost Bank: Combining Digital Convenience With Human Support

Frost Bank demonstrates how customer-focused service builds long-term satisfaction. Alongside its relationship-based approach, it offers a mobile app rated 4.9 out of 5 stars by thousands of users. The app combines modern convenience with 24/7 live human support, allowing customers to speak directly with a representative rather than navigate automated phone menus. By pairing digital banking with accessible, personalized assistance, Frost shows how consistent service across every touch point can strengthen customer loyalty.

4. Old National Bank: Balancing Regional Growth With Trusted Service

Old National Bank demonstrates how a regional institution can expand while maintaining a customer-focused approach. Its commitment to supporting local communities through grants, scholarships and employee volunteering reinforces the relationship-focused values that many customers appreciate. When combined with personal, business and wealth management services, this community-first approach illustrates how regional banks can enhance customer satisfaction beyond everyday banking.

Evaluate Customer Satisfaction Before Choosing a Bank

While satisfaction isn’t measured by a single factor, prospective customers can assess how well a regional bank delivers on its promises by looking beyond marketing materials. Practical research can reveal whether a bank consistently provides the experience customers expect.

Before choosing a bank, people should:

  • Review independent customer ratings and reviews to identify recurring strengths and service concerns.
  • Compare available products and services to ensure the bank can support future financial needs.
  • Test the digital banking experience, including mobile features, security and ease of use.
  • Visit or contact a local branch to evaluate responsiveness, professionalism and personalized service.
  • Look for evidence of community involvement through local partnerships or volunteer initiatives.
  • Review the bank’s financial strength to ensure long-term stability and reliability.

Evaluating these areas provides a more complete picture of customer satisfaction than comparing fees or promotional offers alone.

Choosing a Local Bank That Prioritizes Customers

Customer satisfaction reflects more than convenient banking. It shows how well a financial institution supports customers through responsive service, trusted financial guidance, digital accessibility and long-term relationships.

These case studies demonstrate that regional banks deliver exceptional customer experiences by combining community-focused values with modern banking capabilities. For those evaluating local banks with customer satisfaction in mind, service offerings, convenience and long-term financial support are key.

One Global Industry, Three Incompatible Tax Playbooks

Tax Playbooks

Few industries illustrate the mess of global tax fragmentation as clearly as online gambling right now. Within the space of a few months, three major markets have moved in three different directions on how to tax the same basic activity – and an operator selling the same product across all three has to comply with all of them simultaneously.

One Global Industry, Three Incompatible Tax Playbooks

Brussels is currently weighing a coordinated approach. A proposed 1% EU-wide levy on gambling operators has reportedly gained momentum as part of the bloc’s next long-term budget, with backers arguing it could raise billions for education, youth and mental health funding, alongside strengthening the case against illegal operators. The proposal still needs unanimous approval from all 27 member states, and Malta – whose economy leans heavily on the gambling sector – has already signalled resistance, arguing fiscal sovereignty should stay with individual states.

The US shows what happens without that coordination

Contrast that with the country that never attempted harmonisation in the first place. State-by-state sports betting tax rates in the US currently range from 6.75% in Nevada to 51% in New Hampshire, New York and Rhode Island, with wildly different rules on promotional deductions and loss-carryover that widen the gap further between headline and effective rates. Seven years after the Supreme Court cleared the way for state-level legalisation, there’s still no federal rate, and operators build entirely separate compliance and pricing models state by state.

This site’s own take on why globalisation makes this unavoidable

None of this is unique to gambling. This site’s own piece on cross-border tax management makes the broader point directly: any business operating in more than one market has to reckon with fluctuating currency exposure and a different tax and reporting regime in every jurisdiction it touches, and the more markets it’s in, the more that compliance burden compounds rather than averages out. Gambling is simply an unusually visible example of a pattern that applies to any genuinely multinational business, and one that’s only getting more pronounced as more sectors expand across borders at the same time regulators are trying to catch up.

What a genuinely global operator has to reconcile

An operator like Bet365, licensed and taxed in the UK, active in EU member states that could soon face a bloc-wide levy, and expanding into US states with a 45-point spread in effective tax rates, has to run three fundamentally different compliance calculations at once rather than one global playbook. Bet365’s current bonus code and offer terms on ToffeeWeb reflect one small piece of that discipline – eligibility, minimum deposit and wagering conditions disclosed as a standalone reference specific to the UK market, distinct from whatever a US state or an EU jurisdiction would separately require.

Why none of the three approaches is obviously right

Harmonisation reduces arbitrage but requires unanimous political buy-in that a bloc of 27 sovereign states may simply never deliver. Fragmentation lets each jurisdiction calibrate to local politics but invites exactly the offshore and cross-border migration effects that tend to erode the tax base it was designed to capture. Neither approach has yet produced a stable equilibrium anywhere it’s been tried at scale, which is worth remembering the next time a headline treats a new gambling tax announcement as a simple, one-off revenue story.

Why the underlying caution matters across every one of these markets

None of the tax architecture changes what the product actually is for the people using it. According to the Gambling Commission’s 2025 Gambling Survey for Great Britain, 2.4% of adults – roughly 1.3 million people – meet the threshold for problem gambling, with a further 3.1% classed as at-risk. The signs researchers flag are specific: chasing a loss with a bigger stake, needing to bet more for the same buzz, hiding how much time or money is going into it, or feeling anxious when unable to place a bet. Anyone recognising those signs, in themselves or someone close to them, can contact GamCare or use GAMSTOP to self-exclude from every UK-licensed gambling site at once.

The takeaway for anyone tracking cross-border tax policy

Gambling happens to be the industry making this visible right now, but the underlying tension – one product, many tax regimes, no consensus on the right model – will keep resurfacing in whichever sector globalises next. Watching how this particular fight resolves is as good a preview as any of what’s coming for digital services, crypto and carbon taxes too.

18+. Gambling can be addictive. Please play responsibly. Gambling is strictly prohibited for individuals under the age of 18. Need help? Visit GambleAware.org or call 0808 8020 133 (available 24/7). You can self-exclude from all UK-licensed gambling websites via GAMSTOP. Support is also available via GamCare. All promotions are subject to eligibility, wagering requirements, and full T&Cs. See operator site for details. Commercial content – contains an affiliate link.

Labuan IBFC: A Nexus for Regional Financial Connectivity

Labuan IBFC: A Nexus for Regional Financial Connectivity

From Niche Innovation to Ubiquity

Buying coffee, paying for groceries, shopping online via embedded payment solutions and carrying out banking transactions on mobile banking apps through a few taps on the smartphone– these are all examples of how deeply embedded fintech has become in the life of an average consumer. The operations often run seamlessly in the background, underpinning routine financial transactions.

Small businesses also leverage on fintech to manage their daily operations, from e-invoicing systems to inventory tracking. Additionally, traditional non-bank financial institutions activities, such as sending remittances abroad, applying for loans or purchasing insurance have been significantly simplified and made more accessible by fintech solutions.

The widespread use and integration of fintech in our daily lives underscores how the segment has evolved from a niche offering to a core component underpinning the modern financial ecosystem.

Labuan IBFC: Where Fintech Innovation Thrives

The fintech boom in Asia has led to demand for an innovation-led landscape underpinned by strong fundamentals. This is where Labuan International Business and Financial Centre (Labuan IBFC) comes in, providing a sophisticated framework where avant-garde solutions are frameworked by robust governance which allow for sustained expansion and credibility with quick turnaround times.

Labuan IBFC is currently home to more than 90* digital services providers, which spotlights the jurisdiction’s position as a digital hub. These service providers encompass digital banks, financial exchanges and fintech intermediaries, which thrive within an operating environment that promotes connectivity, innovation capability and partnership. The result is more than a hub—it is a living ecosystem driving the future of digital finance. *Source: Labuan IBFC Market Report 2025

The jurisdiction was placed 37th in the Global Financial Centres Index 39 (GFCI 39) fintech ranking as of March 2026. The GFCI 39 evaluation considers innovation, infrastructure, talent, and regulatory environment. This recognition highlights a preference for jurisdictions that balance forward-looking capability with regulatory robustness.

Combining Digital Innovation with Regulatory Integrity

Key to Labuan IBFC’s success as a digital hub is its legacy licensing approach, which supports a wide range of fintech solutions and activities. Licenses in this segment include the digital banking license, which is key for digital banking operations; alongside the payment system operator, digital financial exchange, digital financial broker and digital investment management licences, which support regulated digital payments, trading, brokerage, and investment activities. It also provides framework-based approvals for tokenisation and digital asset-related platforms under the oversight of Labuan Financial Services Authority (Labuan FSA).

This is complemented by the dedicated Shariah-compliant legislation within its established Islamic finance ecosystem, which enables the jurisdiction to leverage on the meaningful opportunities arising from the intersection of fintech-Islamic finance.

Another key factor is the jurisdiction’s adherence to global transparency and taxation standards, in compliance with OECD regulations inclusive of the BEPS initiative. Oversight by a single regulator – Labuan FSA – and enforcement of a substance requirement policy both contribute to a thriving digital hub that operates on the parallel tracks of governance and measurable economic presence. 

From Financial Centre to Strategic Gateway

Over Labuan IBFC’s 35 years of existence, a key evolution has taken place, whereby the jurisdiction’s role has evolved from a financial centre to a gateway between global capital markets and high-growth regional ecosystems. This is evident especially in fintech, which sees Labuan entities connecting global infrastructure with demand from Asia in a legal and expansionary manner.

An example of this gateway proposition is reflected in regulated digital finance structures established within the jurisdiction, such as the tokenisation of Shariah-compliant securities via the Islamic Digital Assets Centre (IDAC) approach. In one such case study, the tokenisation of IILM sukuk was conducted via a Labuan-regulated platform without compromising Shariah integrity, credit quality, or regulatory compliance. Lower investment thresholds and quicker settlement allow expanded access to institutional-grade Islamic instruments without sacrificing stringent protection for investors. 

The case study above illustrates a key point: the competitive advantage for an ecosystem is not about providing and utilising the most advanced technology; instead, the sustainability and success of an ecosystem will be contingent upon a compliant and flexible framework. In this context, Labuan IBFC’s strength is not merely enabling innovation, but in facilitation — positioning itself as the trusted gateway through which capital can move efficiently, securely, and at scale across different financial systems.

Powering Asia Pacific’s Digital Financial Infrastructure

The explosive growth of fintech, digital payments and platform economies across the Asia Pacific is fuelling the need for scalable financial infrastructure, as the surge in real-time payments, e-wallet adoption and cross-border transactions influences how consumers and SMEs access financial services. Parallelly, the rise of SMEs and digital platforms has made embedded finance solutions a necessity; with payments, lending and treasury functions seamlessly integrated into business ecosystems.

In this landscape, Labuan IBFC plays a collaborative role, enabling efficient cross-border licensing, financial intermediation, and regulatory conformity. The jurisdiction provides globally-compliant infrastructure within a robust regulatory framework and cross-border connectivity—thereby positioning itself as a neutral and trusted nexus seamlessly connecting capital, service providers, and markets across the region’s diverse regulatory environment.

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About Labuan IBFC

Labuan IBFC, Asia’s premier international financial hub, offers global investors and businesses the benefits of being in a well-regulated and supervised jurisdiction, which adheres to international standards of compliance in tax transparency. We also provide fiscal neutrality and certainty in a currency-neutral operating environment.

Building Resilient Cross-Border Supply Chains in an Era of Trade Uncertainty

cross-border supply chains

By Jesse Mitchell

Trade volatility is reshaping global logistics, making resilient cross-border supply chains a strategic advantage for companies seeking continuity, compliance, and long-term growth.

Global trade has entered a period where shifting tariffs, geopolitical tensions, regulatory changes, and transportation disruptions have become recurring business realities rather than isolated events. Organizations that are adapting most effectively are investing in resilient cross-border supply chains that prioritize flexibility, visibility, and strategic planning alongside cost efficiency.

Why Has Trade Uncertainty Become a Permanent Supply Chain Challenge?

Trade volatility is now driven by overlapping factors rather than isolated events, making disruption a recurring business risk. Many companies with international supply chains are navigating overlapping changes in tariffs, geopolitical conditions, regulatory requirements, transportation capacity and customs enforcement priorities.

Supply chain planning increasingly requires flexibility because changes in trade policy, customs administration and market conditions may take effect before businesses can adjust established sourcing arrangements. The World Trade Organization reported that the value of global goods imports affected by new tariffs and other import measures more than quadrupled between mid-October 2024 and mid-October 2025 compared to the previous 12-month period.

Frequent tariff changes, retaliatory trade measures, and evolving customs requirements have made landed costs less predictable. Businesses should not assume that tariff rates, trade remedy measures, transportation conditions, and other import requirements will remain unchanged throughout an annual sourcing cycle. For North American importers and exporters, customs planning and compliance are increasingly important complements to logistics efficiency. 

What Makes a Cross-Border Supply Chain Resilient? 

Resilient supply chains balance cost efficiency with the ability to adapt quickly to changing trade conditions. Although resilience measures may add near-term costs, they can be treated as long-term risk-management investments that reduce exposure to certain operational and financial disruptions.

Depending on the organization’s products, markets, and risk exposure, a resilient supply chain may draw on capabilities such as:

  • End-to-end supply chain visibility 
  • Strong customs compliance processes 
  • Supplier diversification 
  • Inventory and transportation contingency planning 
  • Data sharing and forecasting capabilities 

Resilience does not come from a single initiative. It comes from combining compliance, visibility, sourcing, inventory and transportation practices that help an organization prepare for disruption and respond when conditions change.

Traditional Supply Chain 

Resilient Supply Chain 

  • Cost-focused 
  • Sourcing decisions led primarily by unit cost 
  • High dependence on a limited number of suppliers 
  • Customs reviewed primarily when shipments are prepared 
  • Shipment information distributed across systems or partners 
  • Contingency plans developed after a disruption 
  • Sourcing decisions consider cost, continuity, lead time and trade exposure 
  • Supplier concentration is assessed, and alternatives are developed where practical 
  • Customs requirements are considered during sourcing and product planning 
  • Relevant shipment and customs information is shared across responsible teams 
  • Key disruption scenarios and response options are documented in advance 

How Can Companies Reduce Cross-Border Risk Without Sacrificing Efficiency? 

Companies can reduce their exposure by involving customs and logistics specialists earlier, reviewing supplier concentration, assessing potential tariff preferences and improving communication among procurement, logistics, compliance and finance teams. These measures cannot prevent every disruption, but they can help businesses identify avoidable risks before goods are shipped.

Engage customs brokers and logistics providers as strategic partners rather than relying on them solely for transactional support. Their expertise can help identify risks in classification, origin, valuation, and documentation before shipments reach the border.

Integrating customs considerations into broader supply chain planning can help reduce avoidable costs and clearance issues. Relevant customs requirements should be considered during sourcing, product and procurement decisions rather than only when a shipment is being prepared for entry. Regular reviews of tariff classification, country of origin, and customs valuation help reduce the risk of delays, reassessments, and unexpected duty costs.

Cross-functional communication is another critical component. Collaboration between procurement, logistics, customs compliance, and finance helps align operational and commercial decision-making. Ensure relevant information on tariff changes, supplier risks, inventory levels, and regulatory developments is shared across departments. Clear ownership of customs compliance and trade risk management helps organizations respond more consistently as regulations evolve.

6 Key Resilience Practices 

While every supply chain has unique risks, the most resilient organizations consistently prioritize the following practices: 

  1. Diversify suppliers strategically 
  2. Invest in customs compliance 
  3. Improve shipment visibility 
  4. Conduct scenario planning 
  5. Regularly review trade policy exposure 
  6. Strengthen relationships across logistics partners 

These practices help organizations respond more effectively to disruptions while maintaining operational continuity and long-term competitiveness.

What Should Leaders Prioritize as Global Trade Continues to Evolve? 

Make resilience your competitive advantage. Resilience is a long-term business capability. Organizations that can adapt quickly are better positioned to maintain customer commitments and protect profitability during periods of uncertainty.

Trade uncertainty has become an enduring feature of today’s global business environment. Organizations that invest in diversified sourcing, strong customs compliance, supply chain visibility, and proactive risk management are better equipped to navigate disruptions while maintaining efficient cross-border operations.

Resilient supply chains are designed to adapt as conditions change, reduce exposure to identifiable risks and support long-term business objectives. Making resilience a business priority can help organizations respond more consistently to trade changes while continuing to serve customers across borders.

About the Author

Jesse Mitchell

Jesse Mitchell is the Director of Business Development at Strader-Ferris International, a Canadian & U.S. customs brokerage, cross-border logistics, and warehousing company. Founded in 1953 by Raymond Strader, SFI was built around his beliefs of an honest and straightforward approach to helping clients succeed. Strader-Ferris has been in business for 70 years and successfully handled millions of cross-border shipments. 

Rising Fuel Prices Add Pressure on U.S. Economy

Rising Fuel Prices Add Pressure on U.S. Economy

The conflict involving Iran is starting to affect the U.S. economy as fuel prices continue to rise. Gas prices have moved above $4 per gallon nationwide, while diesel prices have increased even faster. Analysts say higher diesel costs are a bigger concern because they make transporting goods more expensive, which can eventually lead to higher prices for consumers.

Experts say fuel prices may stay high even if oil prices begin to fall. U.S. refineries are already operating near their limits, and fuel supplies remain tight after months of heavy demand and global disruptions. Ongoing attacks affecting energy infrastructure have also made it harder for the market to recover.

Many economists expect higher fuel costs to put more pressure on household budgets in the coming months. While the government has taken steps to support energy supplies, analysts say there are no quick fixes. Until production catches up with demand, Americans could continue paying more at the pump and for everyday goods.

Related Readings:

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The Best Car Shipping Companies of 2026

Car Shipping

Shipping a car involves real money, a real asset, and a handoff to strangers you’ve never met. The industry is crowded with brokers that quote low, adjust at pickup, and go quiet during transit. The companies on this list were evaluated for the things that actually determine whether a shipment goes well: pricing transparency, carrier vetting, communication during transport, and what happens when something doesn’t go according to plan.

Six companies made the cut. The list is not a directory of every option on the market; it’s a short list of companies worth trusting with a vehicle.

1. RoadRunner Auto Transport — Best Overall

RoadRunner Auto Transport has been in the car shipping business for 30 years, longer than most of its competitors have existed. The company works with more than 14,000 vetted, FMCSA and DOT-compliant carriers across a nationwide network and manages shipments through its own in-house dispatch team rather than relying entirely on external load boards. An AI-powered proprietary load board handles carrier matching internally, which cuts down on the delays and miscommunications that show up when multiple middlemen are involved.

Pricing is all-inclusive from the start: the quote covers door-to-door pickup and delivery, carrier insurance, and applicable fees. There’s no deposit at booking; payment happens once a carrier is confirmed and pickup is scheduled. That structure removes a common friction point and protects customers in cases where plans change before a carrier is assigned.

The service area covers all 50 states, including Alaska, Hawaii, and Puerto Rico, with Caribbean destinations also available. RoadRunner Auto Transport handles standard vehicles, trucks, SUVs, motorcycles, classics, exotics, lifted trucks, dually trucks, oversized vehicles, and inoperable vehicles. Both open and enclosed transport are available. During transit, customers have access to a 24/7 online tracking portal with text and email updates at key milestones.

The company has more than 20,000 five-star Google ratings and is veteran-owned, with military discounts for active-duty service members, veterans, and their families. It operates under USDOT #3124544 out of Bethpage, New York, and holds an accident-free FMCSA safety record for the trailing two years.

For anyone who wants a straightforward quote, no deposit games, and a company with the infrastructure to back up what it promises, RoadRunner Auto Transport is the first call to make. Get a quote at their car shipping calculator.

2. Mercury Auto Transport

Mercury Auto Transport is a Florida-based broker with a solid reputation for fast carrier matching, particularly on high-demand routes like the Florida-to-Northeast corridor. The company offers open and enclosed transport, a price-matching feature for competing quotes, and an online tracking tool. Mercury doesn’t require a deposit upfront and works with a large carrier network. Customer reviews skew positive on communication and pickup timing; the company is a reasonable choice for straightforward moves on well-trafficked routes.

3. SGT Auto Transport

SGT Auto Transport positions itself around price transparency and a price-lock guarantee, meaning the quoted rate is the delivered rate. The company is a broker that focuses on standard residential shipments across the continental US. It offers open and enclosed options, publishes customer reviews prominently, and has a strong record on BBB. SGT is worth considering for budget-conscious shippers on common interstate routes who want a fixed price in writing before committing.

4. Safeeds Auto Transport

Safeeds Auto Transport is a Columbus, Ohio-based broker with a growing national footprint. The company offers open and enclosed transport, door-to-door service, and a 7-day price lock with no upfront payment required. Safeeds has shipped over 10,000 cars and is BBB accredited. The company handles standard vehicles, motorcycles, and specialty vehicles including those purchased at auction. Safeeds is a practical option for customers who want transparent pricing, no deposit, and responsive support throughout the process.

5. AmeriFreight

AmeriFreight is one of the more established brokers in the car shipping space, with a history of competitive pricing and a supplemental insurance add-on that provides additional coverage beyond what carriers’ base cargo insurance covers. The company works with a large carrier network across all 48 contiguous states, with Alaska and Hawaii available through specialist partners. AmeriFreight is frequently cited for its discount structure, including reductions for military, students, and early bookers. A solid mid-range choice for customers who want extra insurance options baked into the process.

6. Montway Auto Transport

Montway is one of the largest auto transport brokers by volume in the United States, handling hundreds of thousands of shipments annually. The company offers real-time tracking, open and enclosed transport, and service to all 50 states. Its scale gives it access to a deep carrier pool, which tends to keep pickup windows tighter than smaller operations can manage. Montway is a reliable choice for standard shipments, particularly for customers who prioritize a well-documented track record and broad availability over a more hands-on customer experience.

What to Look for When Choosing a Car Shipping Company

  • Deposit structure. Companies that require a large deposit before assigning a carrier have less incentive to perform. Look for no-deposit or pay-on-pickup structures.
  • All-in quotes vs. teaser rates. Some companies quote a base rate that excludes carrier insurance and fees, then adjust at pickup. A quote should cover everything.
  • Carrier vetting. A broker is only as good as the carriers it dispatches. Ask how carriers are screened; FMCSA and DOT compliance should be the floor.
  • Communication during transit. Knowing where your vehicle is during a multi-day shipment matters. Tracking portals and proactive updates are worth prioritizing over companies that go quiet once the truck leaves.
  • FMCSA registration. Any broker or carrier moving vehicles across state lines must be registered with the FMCSA. Verify it before booking.

Frequently Asked Questions

How much does it cost to ship a car?

Most domestic shipments run between $500 and $1,500 for open transport. Coast-to-coast moves land at the top of that range or above it. Enclosed transport runs roughly 30 to 50% higher. Distance, vehicle size, route demand, and season all affect the final price; get an all-inclusive quote that covers insurance and fees before comparing numbers across companies.

How long does car shipping take?

Short regional hauls can deliver in one to three days after pickup. Cross-country shipments typically take seven to ten days. Build in a pickup window of two to five days on the front end; carriers consolidate loads along a route before heading out.

Is my car insured during transport?

Licensed carriers are required to carry cargo insurance, and that coverage travels with your vehicle during transport. Coverage levels vary by carrier. Some brokers, including AmeriFreight, offer supplemental insurance for additional protection. Review what’s included before assuming coverage is comprehensive.

Do I need to be present at pickup and delivery?

You or a designated representative needs to be available at both ends to sign the Bill of Lading, which documents the vehicle’s condition before and after transport. This paperwork is important if any damage needs to be claimed.

What’s the difference between open and enclosed transport?

Open transport is the standard option; vehicles ride on an exposed multi-car carrier and the vast majority of shipments use it without incident. Enclosed transport puts the vehicle inside a covered trailer, protecting against weather and road debris. The price difference is real; enclosed typically costs 30 to 50% more. The upgrade makes sense for classics, exotics, or any vehicle whose condition justifies the extra cost.

Trump’s Iran War US Oil Shortage Deception

US Oil Shortage

By Dr. Jack Rasmus

Last June 17, 2026 Trump announced the US and Iran had agreed to a Memorandum of Agreement (MOU) and a ceasefire in the war. The global price of crude oil fell almost immediately—from the $100 per barrel range at which it hovered throughout April and May to $67 for West Texas Crude (WTI) and $70 for Brent crude.

The retail price of gasoline in the US—which had surged from $2.92/gallon nationwide for regular grade gas before the war to the $4.50/gallon range at its peak—cost the American consumer $69 billion in additional out of pocket expense for the four months, March through June.

The MOU did not last long. Within days it began collapsing and in early July both sides declared it was dead. Military attacks by both sides thereafter re-commenced and have escalated steadily ever since. So too has the price of gas at the pump again, as crude oil now exceeds $90/barrel and rising.

When the US government releases crude oil supply from the SPR it doesn’t charge the oil companies anything for the oil. They get the oil for free. No cost.

As the media story goes in the New York Times and Washington Post legacy media in America, Trump responded and agreed to an MOU as result of the pressure from US oil company CEOs who, in early June 2026, went public and warned Trump US oil stockpiles and reserves were running critically low and would disappear in another 3-4 weeks. That would send the spot price of crude well above $150/barrel and gas at the pump to $8/gallon or more! So Trump proposed the MOU to Iran mid-June. The tentative deal on June 17 immediately drove the price of crude down to $67/barrel and shaved 50 cents or more a gallon off the price of gasoline at the pump.

But is this narrative correct?

Was the Iran war really leading to US oil reserves collapsing, causing a severe shortage that was about to drive retail gasoline prices through the roof? Or was the MOU a deception and a tactic to set up a larger military conflict with Iran that is now unfolding?

Let’s look at some facts of the past five months about US crude oil stockpile reserves, US crude production, US crude oil exports and imports, as well as US refinery capacity and gasoline and distillate fuel inventories since February 28, 2026.

Official Data on Oil Reserves, Production & Exports

According to the sources US Energy Information Administration and the private economic research firm, tradingeconomics.com, US commercial oil stock reserves on February 27, 2026 amounted to 439 million barrels. In the first six weeks of military conflict from that date through April 17, US commercial stockpiles of crude rose to 465 million barrels. Thereafter a mild drawdown occurred and by July 17, 2026 the commercial reserves were still 411 million barrels. That latter number represented a mere 6% below the preceding five year average of commercial reserves. Hardly seems like a major commercial stockpile shortage. Or, for that matter, a shortage justifying a $1.50/gallon rise in the price at the pump and $69 billion cost to consumers!

Maybe the commercial reserves were not at crisis levels but the Trump administration’s authorization of a release from the US Strategic Petroleum (SPR) reserve reflected a shortage offset by government oil supplies from the big SPR storage facilities in Big Hill and Bryan Mound, Louisiana.

At the start of the war, the SPR held 415 million barrels. That was already down from its 714 million barrel capacity due to the Biden administration’s release of 300 million barrels after its disastrous inflation and war policies. But that 300 million was all before the Iran war.

By April 17, 2026 the SPR had been drawn down by only 10 million barrels, to 405 million. The drawn down of the SPR didn’t begin until May. By June 26 the SPR reserve was 325 million barrels. Note this fact: the SPR draw down was in May to early June. That’s when the price of crude per barrel was hovering around $100 per barrel—bouncing around a few days lower as Trump falsely announced an end to the conflict no less than 14 times by various accounts—in order to prevent the price surging to more than $100. As Trump manipulated the markets with his announcements, the crude oil price fell $10 to $20 barrel each time, only to rise quickly again after a few days every time he manipulated the markets.

Since June 26 the SPR reserve has continued at around 320 million barrels. On July 17 it was 314 million, down from 325 nearly a month before. In other words, there was little further draw down of the SPR the past month, mid-June to mid-July. Just as there was little draw down from February 28 through April 17. The actual drawn down—about 100 million barrels—occurred between April 17 and June 17. As we’ll see the timing of that drawn down to the period between April 17 and June 17 is important.

The draw down coincided when the price of crude oil hovered consistently around $100 per barrel!

The SPR Oil Company Profit Scam

When the US government releases crude oil supply from the SPR it doesn’t charge the oil companies anything for the oil. They get the oil for free. No cost. They then can sell it for export at the then prevailing market price—i.e. $100 per barrel or more if April to June 17. Or, they can refine it and sell it in the US domestic market—again at the $4.50/gallon price instead of prior $2.92/gallon. In both cases there’s no costs of production for the drilling and other pre-refinery production. And if for export, no costs of production at all. Lower or no cost mean windfall profits.

In the first quarter of 2026 the 27 major US oil companies reported windfall profits of $40 billion. That was before the Iran war and the price escalation. Soon they’ll report second quarter 2026 profits. Analysts except that to be $60 to $80 billion additional profit windfall.

So the US big oil companies in just the first half will realize more than $100 billion further profit from the Iran war. While the US consumer puts out $69 billion and cuts other spending and/or his savings by that amount.

Who says war is not profitable! And who wants it to continue? And this is not to mention the Weapons companies of the Military Industrial Complex. Or the financial speculators who got pre-notice of Trump’s market price manipulation announcements—which include his friends and family businesses who placed speculative bets on oil price swings since February 2026!

The SPR oil company profits scam—where they wait to take SPR free oil at $0 dollar cost until it reaches $100 per barrel and more and then sell it at 100% profit—is just one of many ways that capitalists of various ilk have been exploiting the war.

Defenders of the SPR scam will argue the oil companies don’t realize 100% profit. They have to return the free oil from the SPR at a higher rate that they received. Typically they are required to return 1.2 barrels for every 1 barrel they take. True. But they can wait up to two years to replace the 1.2 barrels. So they wait until the price per barrel falls more than 20% in order to pump their own oil to send to the SPR.

This is not unlike ‘short selling’ stock market shares by speculators. In a short sale, the financial speculator capitalist takes possession of a share of stock and technically ‘sells’ it. When the price of the stock then collapses he ‘buys’ the stock at the much lower price. So he buys it low and (pre) sells it high. The difference is the speculative profit. He doesn’t actually take possession of anything. It’s all an accounting manipulation, except for the profit at the end which he gets to bank in his account. That’s real.

In similar fashion, the Oil company waits until the price per gallon is high, only then ‘takes’ the oil from the SPR. Sells it at the peak market price. Then waits until the price collapses and replaces the oil at the low market price. Even if the replacement is 1.2 to 1, the profit difference is when the lower replacement price is less than 20%. US oil companies took and sold SPR oil at $100 or more per barrel. They have two years to replace it at less than $80. The difference is pure profit. Should a recession occur within two years, the price per crude will certainly fall to $50 or less.

Other Evidence of No Oil Shortage

The oil companies in the meantime gouge the US consumer at the retail level for gasoline, home heating oil, and diesel.

If there was a true supply shortage, why has US crude oil production not changed at all during 2026 and the war?

From our same sources, on February 27, daily US crude oil production in the US was 13.7 million barrels. On April 17 13.6. On June 26, it was 13.8. Since June it has been steady at 13.8 million barrels. So the shortage is not due to US crude oil production. And, as we saw, not due to oil company commercial crude oil reserves.

So where has the SPR oil supply (100 million barrel draw down April-June) gone? Try US oil companies’ US oil exports. The dollar value of those exports rose from $7.8 billion for the month of February 2026 before the Iran war to $17.1 billion in April 2026 to $19.1 billion in May. (June is not yet available but almost certainly will exceed $22 billion).

An argument can thus be made the SPR release plus the US companies’ crude output increase has gone to exports. While some of the dollar value increase is no doubt due to the rising price of US crude exports, some of that is also due to the increase volume of crude exports.

And not just crude oil exports. Refined oil product exports have risen in quantity and price as well. US Refinery capacity rose from 89% in February 2026 to 96% in July.  That increase in refinery output should have increased the supply of gasoline, distillates, etc. and thus reduced the price for consumers at the pump but didn’t. (More supply means lower price).

Gasoline and distillate inventories fell slightly despite the US refinery production rise from 89% to 96% capacity.

While some of the dollar value increase is no doubt due to the rising price of US crude exports, some of that is also due to the increase volume of crude exports.

According to the Wall St Journal of July 9, 2026, US gasoline inventories fell from 253 million barrels on February 27 to 212 million on July 9. And distillate inventories from 120 to 103 million barrels. In both cases, not much a decline or shortage from prior five year average levels, but certainly not enough of a supply shock to justify a 50% increase or more in the cost per gallon for gasoline and diesel fuel!

Conclusions

The data for both US crude oil production and reserves (commercial or SPR) simply don’t indicate there’s been a crisis in oil supply shortage in the US.

US crude production and commercial reserves don’t support that view.

The US SPR release is actually a profits scam to enrich the oil companies, who will have realized windfall profits of more than $100 billion in just the first six months of 2026.

In contrast, US households have paid out of pocket $69 billion. US businesses more.

Much of the SPR free oil was likely re-exported by the US oil companies at significant profit.

US oil companies’ refinery output should have increased the supply of gasoline and distillates but didn’t. That moderate refined oil output increase was also likely mostly re-exported.

There is not now, nor has there been a supply shortage of either crude oil or refined oil products in the US. It’s all a Trump-Media-MIC misrepresentation of facts to justify a grand scale rip-off and exploitation—as all wars are.

Now that the Iran war has resumed as a hot war in July, the process of exploitation of consumers, oil price manipulation and speculation, and oil company profits windfalls will repeat in the second half of 2026.

About the Author

jack_rasmusDr. Jack Rasmus is author of the recently published book, ‘The Scourge of Neoliberalism: US Economic Policy from Reagan to Trump’, Clarity Press, 2020. He publishes at Predicting the Global Economic Crisis. 

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