Iran has a bigger place in the global economy than most people know.

The oil resources off Brazil are in the same scope as those of Saudi Arabia. The oil potential is huge. Beyond huge. It’s a game changer for the world of energy. No, the Brazilian resource doesn’t mean that Peak Oil is history. But it does mean that history is about to change. Indeed, the angel of history is favoring the nation of Brazil.

In the energy market on Friday, crude for July delivery declined, closing at $69.55/barrel, down $1.82. July reformulated gasoline plunged 10.51 cents, to $1.9244/gallon.

You might call them “free-form” merchants. They did a little bit of everything, as opportunities presented themselves. In the 18th century, you could find such merchants in seaports up and down the East Coast, from Boston to Charleston. Such a merchant might arrange voyages to Africa or the Far East – hire a captain, underwrite the insurance and divvy up the profits. He might deal in shares of land companies or bonds. He might lend money, trade grains, sell lottery tickets – whatever. These merchants were not committed to a single business. They would go where the best of it looked to be. They were opportunists in the best sense of the word.

In the energy market on Friday, crude for July delivery continued to climb, closing at $66.20/barrel, up $1.12. June reformulated gasoline rose 2 cents, to $1.93/gallon.

This is the third article I have written since March imploring people to buy oil, and now gas. Time is running out. This is the first time I have ever repeated a subject in one of my articles, but this is such a great opportunity it deserves one more shot for those who may have missed it.

In the energy market on Thursday, crude for June delivery continued to rise, closing at $58.63/barrel, up $1.92. June reformulated gasoline added 4 cents, to $1.7055/gallon.

Natural gas could have a bright future as a clean and cheap alternative to fossil fuels in the auto industry, says David Fessler. Government efforts to promote the use of autos powered on natural gas could see gas production soar in the coming years. David says investors can play this ‘gas game’ with these six major producers and distributors.

Petroleo Brasileiro SA and the UK’s BG Group have made a second major oil find in Brazil’s Santos Basin.

The Guara exploration well struck oil in the BM-S-9 concession area – the same block as September’s Carioca discovery, which could contain as many as 33 billion barrels of oil.

“There are those who will tell you that oil is a cyclical business and a global fungible commodity,” says Christian DeHaemer in Taipan Daily.

It’s a runaway bull market for a trend we’ve been covering since last year… “the basics.”