luigi0753

Wall Street Breakfast: Must-Know News

I'm amazed at the new "procedure" at Fannie Mae - isn't that what caused these problems in the first place?!

Forget $100 a Barrel - Oil Will Plummet to $30

What's the backup plan for wind? If the wind isn't blowing today where do we get electricity? You can't quickly fire up an idle nuke plant - why would you want a nuke plant sitting idle anyway? You need a source of juice that can come on line quickly when the wind stops. If oil goes to $75 and gas goes to $2.50 you'll see a surge in SUV sales. If all these alternative energy solutions are so great, why haven't the Europeans done them already, since they've been paying much higher prices for gasoline (due to taxes) for many, many years.

Crude Reality: Big Oil's Purposely Restricting Supply

Please explain how US big oil companies which provide about 10% of the world's oil CONTROLS the price.