Mirred with scandals gold loses its shine as investors contemplate oil as an alternative GIUSEPPE MARCONI | 2009/12/10 How many people around the world with money to invest are going to continue to fall for the advice of so called experts calling for them to invest in gold? Everyday, newspaper and television advertisements are enticing […]

Oil prices take a dive as the Dubai crisis unrolls. MERLIN FLOWER | 2009/12/04 Of course, the oil prices fell immediately. On November 27, the January contract for benchmark US light sweet crude slid to $76.05/bbl, a decline of 1.91. Dubai, the land of luxury is one of the seven states in the UAE. Its […]

IEA officials have distorted figures to downplay the oil crisis. MERLIN FLOWER | 2009/11/28 Oil is slippery, probably why the people associated with it are too. According to reports in the Guardian, a whistleblower at the IEA, no less, has claimed that the agency has been deliberately downplaying the shortage of oil for fear of […]