ThinkstockThe derailment and subsequent explosion of a 73-car crude oil train in Lac-Megantic, Quebec, in the early hours of Saturday morning has killed at least three people and scores more are reported missing. What…
ThinkstockAt this time last summer, less than a quarter of the lower 48 states had managed to escape a nationwide drought. As of yesterday, less than half the lower 48 are experiencing drought conditions.…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 72 billion cubic feet last week, within the range for an expected build of between 51 and 75 billion…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories dropped by 10.3 million barrels last week, maintaining a total U.S. commercial crude inventory to 383.8…
ThinkstockSlower-than-expected Chinese growth and Federal Reserve tapering discussions have severely affected the commodity world. Strengthening of the U.S dollar, unwinding of the global carry-trade and tame global inflation also have played their part in…
ThinkstockThat summer camping trip just got a little bit cheaper. The average price of a gallon of regular gas has dropped seven cents in the past week, from around $3.56 to $3.49. A month…
ThinkstockGold futures for August delivery opened just shy of $1,200 an ounce this morning on the Comex, and have since gained more than 6% to trade right around $1,217. But the good news ends…
ThinkstockTwo U.S. aluminum smelters, two more in Spain, and one in Italy have already been shut down by Alcoa Inc. (NYSE: AA) as the aluminum fabricator and miner tries to come to grips with…
ThinkstockOne sure way of making money in coal mining these days is to find a buyer for your mining assets. That is what Arch Coal Inc. (NYSE: ACI) did this morning, and its stock…
ThinkstockThe U.S. Department of Agriculture (USDA) today released its preliminary report on June farm prices. The index uses prices from 1990 to 1992 as its base value (100). The June all-products price index rose…
ThinkstockGold for August delivery closed down 1.5% today, at $1,211.60 per ounce. But the really big news is what happened in electronic trading after the Comex closed for the day. The August contract fell…
ThinkstockFor the second time in less than a week, a diamond miner has said that it will have to figure out a way to become more profitable in a tough economic environment. The CEO…
ThinkstockThe monumental fall in gold and silver that few thought could get so bad so fast is soon to have some serious problems of its own. In the most recent week, we have heard…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories remained unchanged last week, maintaining a total U.S. commercial crude inventory of 394.1 million barrels, well…
ThinkstockOne way that mining companies have tried to deal with rising costs and declining demand is to acquire oil and gas assets that are expected to help with revenues and profits now and boost…