3 Articles
Oil prices just one of many symptoms driving U.S. into recession

Over the past several months financial "experts" and politicians on all sides have been bickering about whether the U.S. economy is in a recession. Unfortunately for most people, the declaration of yes or no is a meaningless semantic argument. The way a recession is officially "defined" - two consecutive quarters of a shrinking gross domestic product - means that it can only be named after it has already happened. By that time, a lot of damage is already done to regular people. Unfortunately, pr

Gulp - oil shoots past $105 a barrel

Photo by ^riza^. Licensed under Creative Commons license 2.0.

Who's responsible for $100 barrels of oil? One guy "seeking fame"

Well, the big news from yesterday that the price of a barrel of oil went over the $100 mark for the first time ever. The big news from today is that we have one guy to blame for this incident. According to the Daily Mail, a single trader who was "seeking his moment of fame" decided that