In the energy market Thursday, crude for July delivery pulled back after breaching the $135 level in overnight electronic trading, closing at $130.80/barrel, down $2.36. July reformulated gasoline dipped 7.03 cents, to $3.3297/gallon.

Is BHP Billiton (ASX: BHP) a serious oil player? Or, let’s put it this way.

With oil prices pulling back this week, perhaps not unsurprisingly, from the psychological barrier of $125 a barrel, it’s a good time to take stock of where we are and where we’re going.

Everyone knows markets hate uncertainty. Nowhere is that borne out more than in biotech.

Poking through dusty ruins looking for our future. Greenspan and Bush accomplished a great feat…an explosion of spending that has blown up in our faces. The U.S. still on a slip-n-slide…and more!

Venezuelan President Hugo Chavez said a few months ago that if the United States invades Iran, we could expect to see oil at $200 a barrel. With oil already approaching the $120 mark, we may get there even without invading Iran.

Commodity prices eased this morning as the dollar rose as reports from the G7 meeting suggested countries would move to stop a dollar collapse. Good luck to them.