It may not approach the scale of the great battleship race between Britain and Germany that preceded World War I, but a naval build-up is currently and quietly taking place…
Despite all the talk that foreigners (China, Japan, et al.) will flee U.S. government bonds, the market remains stubbornly buoyant. Last week we got the latest numbers on foreign buying…
The gulf oil spill is bad but it could become much, much worse and soon. The threat is a hurricane moving over the spill. If a hurricane’s violent winds track…
Demand for both oil and natural gas should increase steadily over the medium term, but will be stronger in China, India and the Middle East than in the industrial countries,…
FedEx founder and CEO Fred Smith, an ex Navy pilot who I admire enormously, was on Capitol Hill yesterday lobbying for electric cars. In 2009, the US spent $188 billion…
Reports from Harbor Intelligence's aluminum outlook conference in Chicago this week suggest that Credit Suisse and Glencore are close to the launch of an exchange-trade fund (ETF) back by physical…
Historians may well look back at the sinking of the South Korean corvette Cheonan in March 2010 as a turning point in China’s relations with Asia and the wider world.…
OK, I can’t stand it anymore. After staying out of the agricultural sector for the past six months I’m going back in. I’m not betting the farm, mind you. I…
Bad news concerning the Gulf oil disaster continues to come from WMR's federal government sources in the Federal Emergency Management Agency (FEMA) and the US Army Corps of Engineers. Emergency…
Sometimes pictures really are as valuable as the old saying suggests. Going through my e-pile this week, I was struck by the image below from the Baker Institute. The picture…
The great game among hedge funds now is to find the babies that have been thrown out with the bathwater because of the Gulf oil spill disaster. The halving of…
As EU defense ministers prepare for formal meetings within the Foreign Affairs Council, the hope is that this will provide political impetus for the refinement and further development of the…
Chesapeake Energy, a leading U.S. producer of shale gas, found plenty of willing buyers for its latest private placement as sovereign wealth funds in Asia expressed concern about the future…
The Department of Energy’s National Renewable Energy Lab (NREL) asserts in a study released last month that the power grid for five western states – Arizona, Colorado, Nevada, New Mexico…
OK, I promise I won't talk about BP again until the stock breaks one way or another. But no sooner do I put out the call to buy the pariah…
Earlier this month, Xe Services, LLC, the latest re-branded name of the company that was once known as Blackwater Worldwide, announced that the company was up for sale. The announcement…
Amid the other news this week, including the President's address to the nation on the Gulf Coast oil disaster and his meeting with BP officials yesterday, the announcement on
I have noted before that every president since Nixon has talked about the need to get the United States off of foreign oil and moving toward energy independence. Jon Stewart…
The BP crisis in the Gulf of Mexico has rightfully been analysed (mostly) from the ecological perspective. People’s lives and livelihoods are in grave danger. But that focus has equally…
A careful study of the history of California's 1849 gold rush shows that while almost all the miners went broke, those who provided the picks, shovels, transportation, and banking services…