Cheaper and cleaner than oil -- and seemingly abundant in supply -- shale gas was intended to be our "bridge" fuel to a bright future of renewable energy. But a clear look at the costs involved reveals that shale is a teetering bridge leading to an even higher-cost future.
A U.S. energy trade group said the petroleum market in the country was hit by slumping demand. Total petroleum deliveries for August were at their lowest level for the month in 15 years and domestic oil production followed similar trends.
I recently got into a discussion with an executive at one of the larger derivative brokerages about the amount of speculation and investor interest in the oil markets today. He made a number of good points, but one that wasn't so good was in comparing the oil market to stocks.