Oil prices are back up over $120. But that's a sharp decline from July's all-time high over $145. Many drivers watching plummeting oil prices the last few weeks are asking: Why aren't gas prices falling as much?   Read More

You got to admire the American ‘Can-Do’ spirit, which is on full throttle display since we have awoken to energy predicament. Oil sheiks got over us a barrel? Not for long! Definitely not when we really put our collective Yank minds to the problem – as we are finally beginning to do.    Read More

I think it's WAY too early to say "oil fever is breaking" or call a top here for oil prices. Yes, oil futures dropped sharply again today, gold has followed ,and the grains (corn, wheat, soybean futures) are also down.    Read More

Merrill Lynch sector strategist Brian Belski's comments may have overshadowed Bernanke's testimony in some traders' minds. In a research note this morning, he called for a possible end to the commodities cycle (stocks, not futures) after such a strong first half of the year.   Read More

Rather than parsing the predictable Democrat vs. Republican dueling over wider offshore drilling, as President Bush opted for today, it’s worth noting just how the ineffectual Washington’s feuding is in solving our multiple energy problems.    Read More

There some American investment for oil drilling going into the Kurdish region of Iraq ... and it has the potential to start a fight.   Read More

If war in Iraq was largely over oil, as former Federal Reserve chairman Alan Greenspan essentially admitted, Western oil companies might have done better had they convinced the Bush Administration not to do them any favors.    Read More

Those red-blooded investors--perhaps speculators positioned to profit from oil prices going even higher and maybe spoiling for a conflict with Iran--should consider U.S. Defense Secretary Robert Gates’s comment on the consequences of a U.S. strike against Iran.   Read More

I'm hearing that a very large energy trader--one of largest, actually--took a huge short position yesterday in two oil ETFS--Energy Select Sector SPDR and Oil Service HOLDRs and he's added to those shorts as this market sells off this morning.    Read More

Washington has been talking tough on oil prices on several fronts, calling for new trading regulations on speculators and reopening offshore oil drilling. But it's successful jawboning two of our major allies that seems to have had the biggest impact on prices this week.   Read More