Asian investors brushed aside worries over continuously rising Chinese inflation today, focusing instead on bargain shopping. Energy companies were a major attraction as oil prices surged. Hong Kong’s Hang Seng Index climbed 1….
Proponents of the peak-oil theory can muster studies and statistics backing their claim that declining global oil output is nigh. Critics point to new technologies and unconventional oil fields as saviors. Either way, a return …
Unless there’s a breakthrough in battery technology, gasoline will remain the primary auto fuel in the U.S. for years. But our dependence on imported oil comes with a major risk of supply disruption. And the U.S. has a domestic…
Ben Bernanke insists that inflation remains “quite low.” That’s true, unless you need to eat. Core inflation doesn’t include food prices, and they’re soaring around the globe. In fact, the U.N.’s Food and Agriculture Organizati…
Even though no reports of supply disruptions have surfaced, Brent crude hit $100 a barrel in London trading, while U.S. prices hit $92. Europe is more vulnerable because much of its crude flows through the Suez Canal and adjace…