In the energy market Friday, oil tumbled, with crude for December delivery closing at $63.91/barrel, down $3.90. December reformulated gasoline arrived as front-month contract by slumping 13.3 cents, to $1.3625/gallon.

In the energy market Monday, oil slipped lower, with crude for December delivery closing at $62.73/barrel, down 49 cents. November reformulated gasoline fell 2.1 cents, to $1.4555/gallon.

Canada’s consumer price inflation rose 2.2% year-over-year in May, edging ahead as the Bank of Canada signaled it would last week. The spike suggests Canada’s economy of is also sputtering alongside that of the United States, but soaring commodities costs just may help our northern neighbor skirt recession.

In the energy market Thursday, crude for July delivery plummeted, closing at $131.93/barrel, down $4.75. July reformulated gasoline plunged 11.4 cents, to $3.3526/gallon.

Last week I promised that I’d go over some promising sectors in the green market. But the past two articles on the topic generated some important feedback that I’d like to go over with you today.

In the energy market Wednesday, crude for July delivery retreated again, closing at its lowest level in a month, $122.30/barrel, down $2.01. July reformulated gasoline plummeted 15 cents, or 4.5%, to $3.20/gallon.

Solar stock Ersol rose to a new record after German engineering giant Bosch said it paid $157 a share, a premium of more than 60%, for a controlling stake in the company. This from The Guardian:

Shares in leading German solar stocks rose substantially on expectations that other big players, including oil groups, are on the prowl in a market that grew to €6.6bn last year and is forecast to top €18bn by 2020.

In the energy market Monday, crude for July delivery inched higher, closing at $127.76/barrel, up 41 cents. July reformulated gasoline opened as front-month contract by adding 4 cents to $3.39/gallon.

Companies specializing in centralized fossil fuel fired generation need to move towards energy efficiency and diversity of generation, Scottish and Southern Energy, Britain’s second largest energy supplier, said today.

“The days of meeting an unchecked demand for energy through monolithic carbon intensive power stations are coming to an end. Increasingly the emphasis will be on energy efficiency, renewables, cleaned up fossil fuel plant and micro generation,” the company said in a statement accompanying its full-year results, according to Britain’s The Guardian newspaper.

Naturally, the auto industry has to downshift. Not only because gasoline is so expensive, but also because the average household is struggling to pay its other bills too. After it pays the interest on its debt, it has less left over than ever before.