Why Peak Oil Is a Crock

The good news about the oil supply? Peak oil is a crock. There’s plenty of oil. It’s just harder to get to it now than it was 20 years ago. The oil is deep underground or below miles of sea or mixed with sand or in places where the underground pressure to...

The Next Black Monday?

On Black Monday, in October 1987, the market plunged over 500 points. It happened because the big trading companies weren’t able to shut down their computerized trading programs. And it could happen again. But thanks to much more powerful computers, it would be...

A Sure Way to Play Uranium

No commodity has disappointed more than uranium. But don’t let that put you off. Now is the perfect time to become a uranium buyer. (I’m assuming that you’re not the head of state of either North Korea or Iran!) Prices hit $136 in 2007 and then began a long pullback...

The Banks Are Back… or Are They?

Their profits are up. Their write-downs are lower. The government is riding shotgun for them. And the worst is over. The banks are back, right? Goldman Sachs, JP Morgan, Bank of America, Wells Fargo, and even Citigroup all reported profits for the first quarter of...