Despite the promises from Saudi Arabia, that increase in production will have no real effect on the fundamental supply of oil available to market. This week has seen attacks on the oil production infrastructure in Nigeria that has cost the African nation its position as the top oil producer in Africa. It is now #2, after Angola.

A bipartisan group of seven coastal governors are reiterating concerns about offshore drilling as Congress actively considers proposals that would revoke a 27-year moratorium on the practice.

When it comes to the future of the airline industry, the question is not whether there will be a downturn, but how bad the downturn it will be.

The Chief Economist and Chief Strategist for Canada’s CICB World Markets has released a free report that discusses the future of globalization in a world of rapidly increasing transportation fuel costs. When energy costs were low, it made economic sense to take manufacturing jobs to wherever labor is cheapest, but when the cost of [...]

There was plenty of news this morning about overnight trading of oil futures nearing $100.00 USD a barrel for December delivery of US Light Crude.  It was not a shock to me because of various trends that have been clear for weeks.  What was surprising to me was how the US media portrayed causes for [...]