“Great Fuel Crisis” arrives |
Illustration: Aïda Amer/Axios. Stock: Getty ImagesThe prolonged disruption of the Strait of Hormuz has triggered the fuel crisis that oil executives have been warning about for months, The Wall Street Journal reports. “Commercial fuel stocks around the world have been depleting for more than six months, and strategic crude reserves can’t be tapped much further,” the paper says. Today’s national average gas price is $4.33 for a gallon of regular.Between the lines: 49 days before the midterms, it’s hard to see a scenario where prices come down quickly.Keep reading (gift link). |
7. Power moves: John Kelly on skilled trades |
BlackRock’s John Kelly speaks at the global company’s Infrastructure Summit in Washington in March. Photo: Kylie Cooper/ReutersJohn Kelly, BlackRock’s global head of corporate affairs, will be in the D.C. area today to visit an Ironworkers Local Union 5 training and apprenticeship facility as part of the investment giant’s focus on building a workforce for the next generation. “When I was younger,” Kelly told me in an interview, “I was told to go get a four-year college degree — that was the only way to build wealth and to get economic security. And we forgot along the way, as a country, that there are alternative paths.” “One of the best paths is to go through these apprenticeships, go through certified training, and go right into the workforce much faster, and have a family-sustaining job directly without any debt and make a good income with benefits that allow you to invest better, live better and retire with dignity, which is BlackRock’s mission.” Go deeper: “Infrastructure and the opportunity in skilled trades.” Exclusive: Precision Strategies, founded by Stephanie Cutter and Teddy Goff, named Adam Cubbage, formerly of Dentons Global Advisors, as Precision’s first CEO. Cutter continues as managing partner. Six months after Precision acquired Firehouse Strategies, Cubbage is charged with scaling Precision’s strategic communications, corporate advisory, and crisis and litigation support practices. Read our story. Jay Carney — former White House press secretary, and alumnus of TIME, Amazon and Airbnb — has joined venture capital firm SV Angel, founded by Ron Conway, as a general partner and head of public policy and communications. Carney will lead SV Angel’s new Project Blueprint, partnering with tech founders and lawmakers to shape AI policy.Senate Minority Leader Chuck Schumer (D-N.Y.) said: “I applaud this new effort by Ron Conway and Jay Carney to bring industry leaders and lawmakers together so we can move forward.” Read the announcement. |
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“Great Fuel Crisis” arrives
Illustration: Aïda Amer/Axios. Stock: Getty Images
Power moves: John Kelly on skilled trades
BlackRock’s John Kelly speaks at the global company’s Infrastructure Summit in Washington in March. Photo: Kylie Cooper/Reuters
Jay Carney — former White House press secretary, and alumnus of TIME, Amazon and Airbnb — has joined venture capital firm SV Angel, founded by Ron Conway, as a general partner and head of public policy and communications. Carney will lead SV Angel’s new Project Blueprint, partnering with tech founders and lawmakers to shape AI policy.