Russell Gold reports:
Which is a safer bet—Big Oil or Big Government?
Exxon Mobil and BP now have lower five-year credit default swap spreads than the U.S. government, Deutsche Bank pointed out. In other words, the market thinks the U.S. government is more likely to go bust by 2014 than Exxon.
That’s part of Deutsche Bank’s argument for [...]

COLUMBUS, Ohio (AP) — Oil prices dipped below $40 per barrel Friday for the first time this year as the government reported the nation’s worst annual job losses since World War II.
People are traveling less, manufacturers are slashing production and there are job cuts across almost every sector of the economy, leading to a severe [...]

Sanjay Jog
Notwithstanding the ongoing global meltdown, Deutsche Bank and BP are bullish on investment opportunities in India’s renewable sector.
Both Deutsche Bank and BP assert that though there may be financial problems in the short term, the situation will be quite comfortable in medium and long term for India’s renewable sector. The intentions of [...]

Oil Closes Below $50, Lowest Price Since May 2005
After rising to dizzying heights this summer, the oil market is suffering a hair-raising drop with no apparent end in sight.
Oil prices fell to their lowest level in more than three years, falling below $50 a barrel on Thursday, after shedding close to $100 in four months [...]