The Truth About Oil & Gas

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Oil Prices Take a Nerve-Rattling Jump Past $138

(Spencer Platt/Getty Images)
Traders in the energy options pit of the New York Mercantile Exchange on Friday, where crude oil climbed to a record high.

"Friday’s jump capped a second day of strong gains on energy markets, and fed suspicions that commodities might be caught in an investment bubble." Jad Mouawad, NY Times.

Another clear and concise report from Jad Mouawad on the crude oil market. Click on the read more icon for the full NY Times article.


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Oil Prices Are Up and Politicians Are Angry, Yawn

What can Washington do to reduce gas prices in the near term? The short answer, alas, is not much. While thepoliticians and oil executives accuse OPEC and wrap themselves with humongous financial packages. The ordinary people should take a different action, lock your cars and don't buy ask your employers to provide thetransportation.

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