An ocean of black led to a sea of red with Wall Street declining as EIA data showed oil inventories up and demand off. For related content see The Untapped Energy Riches of Uzbekistan. The Dow s

Russia Looking for $18 Billion Russia is looking to raise $18 billion in dollar-denominated securities in the first quarter of 2010 after the cost of borrowing for emerging market sovereign issuers f

IEA Ups World Oil Consumption The International Energy Agency said global oil demand will average 85.7 million barrels a day, about 450,000 barrels a day higher than its previous forecast due to grow

Yesterday, we discussed the possibility of Caterpillar (CAT) having a positive effect on the market; today, it stole the show. The company reported better-than-expected earnings -- or so we thin

Energy Shall Rise Again It seems like ages ago, but it was just last summer that crude oil spiked to a record $147 a barrel, causing gasoline prices to shoot past $4 a gallon. Energy prices plun

"I'd rather be a hammer than a nail."- Paul ThornMortality. Legacy. Purpose. Passion. These are some of the words that continue to resonate after last week’s somber celebration. 

Equity markets had their biggest rally this year after Federal Reserve Chairman Ben Bernanke outlined steps to fix the banking industry in a morning address. His remarks, delivered to the Counci

What a day it was for the market. Turnaround Tuesday definitely lived up to the hype.Citigroup (C) came out and said they had 2 profitable quarters through the first 3 months of this year; all the ba

The stock market is on a tear this morning on the heels of a statement by CEO Vikram Pandit that Citigroup (C) has a profit for the first 2 months of 2009. In a letter sent to employees Monday,

1) Now It's the Economists' TurnWe knew this was only a matter of time."The downturn exposes the decline of economic expertise," Newsweek observes in the March 16 issue. "Think of all