Congress and the administration have long championed ethanol as the methadone to our nation’s addiction to foreign oil, but critics are increasingly questioning both the ethics and efficacy of the government's ethanol policies. The US is on track to allocate a third of this year’s corn crop to produce 9 million gallons of ethanol--a mere 6 percent of gasoline demand--but the high costs of this miniscule progress are truly discouraging. Read More
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The financial sector has been suffering since the beginning of 2007, down more than 23 percent as a whole since then. Whether a smaller regional bank or a multinational investment, odds are it’s dealt with writedowns and eroding confidence. Read More
Greenhouse gas (GHG) regulation is dead in the water for 2008. But with both major presidential candidates supporting--and carbon dioxide output surging--it’s a lock in 2009. Read More
US stocks pared earlier losses but still finished in the red, as a selloff in financial shares amid renewed concerns about mortgage-related losses weighed on the markets. Read More
US stocks tumbled today, with renewed concerns about mortgage-related losses weighing heavily on share prices in the financial sector. JPMorgan Chase (NYSE: JPM) stoked anxieties after announcing some $1.5 billion in additional writedowns. Read More
US stocks posted modest gains today, as falling oil prices helped buoy share prices in retail and consumer-related sectors. Read More
Cash Cows Legacy Reserves (NSDQ: LGCY) and Linn Energy (NSDQ: LINE) enjoyed another strong quarter of acquisitions, production growth and high oil and gas prices. Read More
US stocks reversed course today, as lower oil prices fueled a handsome rally in the three major indexes. Read More
Cash Cow Otelco (NSDQ: OTT) reported posted another round of solid results: Total revenue increased 3.2 percent from a year ago to $17.7 million, while the company generated net income of $0.4 million for the second quarter and $0.8 million for the first half. Last year the company booked net losses for both of these periods. Read More
US stocks tumbled today, as higher unemployment figures and Wal-Mart’s (NYSE: WMT) lackluster sales forecast hit share prices in the retail sector and renewed anxieties over a slowdown in consumer spending. Read More