Oil production has begun falling at all of the major Western oil companies, and they are finding it harder than ever to find new prospects even though they are awash in profits and eager to expand. ...more

August 31, 2008

It pains me to see the most powerful man in the world, the U.S. president, humbly down on bended knee, with hat in hand, begging the towel-headed king of super-rich Saudi Arabia for more oil. ...more

May 31, 2008

Economists have long warned that the world economy could not fly forever on the single engine of American demand. A one-engined plane is more likely to crash. ...more

October 10, 2007

The cost of food spiked right on cue last year when economists warned that the country's thirst for ethanol would drive up the cost of the grain used to feed livestock for meat, dairy and other foods. ...more

October 9, 2007