Javier E. David
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The rally in risk markets has left oil in the dust, a function of how growing U.S. energy supplies and fears about global demand are throwing cold water on crude prices.
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Rap mogul Jay-Z is launching a sports-management agency and in the process, lured Yankees' second baseman Robinson Cano away from super agent Scott Boras.
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Peak oil – the theory that fossil fuel supply will, at some point in the unspecified future peak, sending prices spiking – has now given way to peak demand.
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Once attracting billions in private investment and public subsidies, enthusiasm over the solar sector has waned recently, underscoring the limits of renewable energies and the dominance of fossil fuels.
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BlackBerry reported quarterly earnings and revenue on Thursday that outpaced market expectations.
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Nat gas futures prices hit an intraday high of $4.078, their highest level in more than 18 months.
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One spillover effect of the US energy boom has been putting relatively obscure places on the map. One of those is Bakken, an oil hub in the west that some believe could challenge the Gulf Coast's prodigious crude output.
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The oil and gas revolution sweeping the U.S. appears to exerting a halo effect on stocks in key industries, and not just those in the energy sector.
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The world's largest energy consumer is producing more of its own supplies and importing less foreign oil, leading some to argue that a strategic stockpile is no longer viable.
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"Tell me the case where you need it?," T. Boone Pickens said of the US's strategic petroleum reserve. Getting rid of it would save the country "one heck of a lot of money," he said.