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World Food Supply at Growing Risk from Severe Weather

World Food Supply at Growing Risk from Severe Weather

In 2007, drought struck the bread baskets of Europe, Russia, Canada, and Australia. Global grain stocks were already scant, so wheat prices began to rise rapidly. When countries put up trade barriers to keep their own harvests from being exported, prices doubled, according to an index of the Food and Agriculture Organization of the United […]

Is the Internet of Things the Next Dot Com?

Is the Internet of Things the Next Dot Com?

The jury is still out on the latest tech-industry fad, no matter how many companies slap the label on existing products in an effort to seem cool. Alan Murray recently shared in this space his enthusiasm for a technology revolution known as the Internet of Things. He, like others, clearly detects the smell of money […]

Ouch! Gasoline prices are spiking in these states

Ouch! Gasoline prices are spiking in these states

Drivers in Chicago and across the Midwest are in for some real pain at the pump. Source: CNBC Clean Energy

Oil stocks have done something extraordinary: Trader

Oil stocks have done something extraordinary: Trader

Big oil companies have shed a combined $400 billion in market cap in the past year. Now one expert sees rare opportunity in the space. Source: CNBC Clean Energy

This Gulf state is planning a sales tax amid oil slump

This Gulf state is planning a sales tax amid oil slump

The United Arab Emirates (UAE) government has drawn up plans to introduce a new sales tax and corporation tax amid low global oil prices. Source: CNBC Clean Energy

Hackers Net $100 Million Trading Ahead of Newswire Earnings Press Releases

Hackers Net $100 Million Trading Ahead of Newswire Earnings Press Releases

The Securities and Exchange Commission (SEC) issued fraud charges against 32 defendants for conspiring to profit from stock trades based on confidential information about corporate earnings announcements provided by two Ukrainians who are believed to have hacked into newswire services to obtain the data, generating over $100 million in illegal gains. The SEC’s August 10th complaint, which was filed in the U.S. District Court […]

$30 oil coming sooner than you think: Kilduff

China’s devaluation may drive U.S. crude below $40 per barrel sooner than expected, John Kilduff said. Source: CNBC Clean Energy

Oil prices drop as China allows yuan to fall

Oil fell as the yuan falls sharply for a second day, triggering concerns over the country’s economy just as oil production hit multi-year highs. Source: CNBC Clean Energy

Analysis: Yuan Revaluation Hints at Currency War

Analysis: Yuan Revaluation Hints at Currency War

The People’s Bank of China (PBC) took many by surprise yesterday by inducing a 1.9% drop in the value of the yuan. It was the biggest one-day drop in over a decade, and though it was described as a “one-off” by the authorities, the depreciation has some worried that there might be more to come. […]

China crushes small traders as Asia’s oil price-maker

China’s growing ability to buy and sell millions of barrels of oil has given it so much clout that other traders are forced to follow its agreed prices. Source: CNBC Clean Energy

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