The state of Texas experienced peak oil production in 1972. Afterward, production dwindled until the early 2000s. Production has more than doubled since Jan. 1999 when over 39 million barrels were produced in the state.  For 2019, 1.85 billion barrels were produced across the state of Texas, marking the highestContinue Reading


What is 5 by 5 Power? A 5 by 5 power clause in a trust document gives the beneficiary the right to withdraw either $5,000 or 5% of the fair market value of the trust account per year, whichever is greater. This is in addition to the regular income payoutContinue Reading


Tax havens are countries with low tax rates, particularly for foreign investors, that make them attractive places for people to park their money. Hong Kong is considered a leading tax haven due to its laws that limit taxation on the island’s wealthy foreign residents and corporations. In fact, in 2020,Continue Reading


Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images The U.S. should create a new regulator to oversee digital asset markets, Coinbase said in a new policy proposal released Thursday. It warned thatContinue Reading


Liz Shuler, acting president of the AFL-CIO, the largest labor federation in the U.S., has stated that workers “are not going back to how it was before” COVID-19. She notes that the climate crisis and technology have had huge impacts on the workplace, and she points to polls showing growingContinue Reading