Uncle Sam books 50% loss on GM

by -NO AUTHOR- -- (ZeroHedge) A few days after divesting its stake in the firm that started it all, AIG, and at a profit at that (ignoring that the risk has merely more…

Wal-Mart stores sell out of guns

by -NO AUTHOR- -- (Bloomberg) With President Barack Obama endorsing sweeping gun restrictions in the wake of the school shootings in Newtown, Connecticut, prices for handgun magazines are surging on EBay (EBAY) more…

Coal demand to rival oil within 5 years

by -NO AUTHOR- -- (OilPrice) The IEA (International Energy Agency), has just released its Medium Term Coal Market report in which it has predicted that coal will grow to rival oil as more…

U.S. oil production has biggest jump ever

by -NO AUTHOR- -- (OilPrice) Seven years ago George W. Bush declared that, "America is addicted to oil, much of which is imported from unstable parts of the world." That statement is more…

Conservation not technology will be our saviour

by -NO AUTHOR- -- (OilPrice) In part 2 of our exclusive interview with Chris Martenson economist and editor of the popular financial website Peak Prosperity Chris talks about: How tight oil is more…

Zuckerberg donates almost $500 million to charity

by -NO AUTHOR- -- (San Francisco Chronicle) Mark Zuckerberg announced today that he is donating 18 million Facebook shares (almost $500 million worth) to a philanthropic organization called the Silicon Valley Community more…