In the energy market Wednesday, crude for October delivery pushed higher, closing at $118.15/barrel, up $1.88. October reformulated gasoline added 9.8 cents, to $3.0672/gallon.

Byron King says energy is the single most important topic for the incoming U.S. president to deal with. Capital costs for energy projects are soaring, and the future of fossil fuels is uncertain given the ongoing climate change debate. Meanwhile, renewable energy is fast growing, but incapable of coming close to meeting demand in the foreseeable future. Byron says America has some tough decisions ahead, and if they get it wrong, nothing else will matter…

In the energy market Monday, crude for October delivery eked out a gain, closing at $115.11/barrel, up 52 cents. October reformulated gasoline added 1.4 cents, to $2.8823/gallon.

For months on end, the talking heads have been blathering on incessantly about whether we’re in a “recession” or not. And now, stocks are showing some signs of life, so the latest question is: Are we done with the bear market? Of course, we’ve been saying we’re heading into a bear market since February… We were talking about a recession as far back as fall 2007…and frankly we don’t see what they’re all seeing.

In the energy market Thursday, crude for October delivery rocketed higher to close at $121.18/barrel, up $5.62. September reformulated gasoline ballooned by 13.5 cents, to $3.0452/gallon.