Let’s begin at the beginning, shall we?…as the egg goes, so goes the chicken. A game of consumer product mousetrap…desperate times for the airline industry and the manufacturing sector. Is this a rerun of the 1970’s? Don’t pull out the shag carpeting and the disco ball just yet…and more!

Since the devastation of Hurricane Katrina and Hurricane Rita – North Atlantic Hurricane seasons have been mild in comparison. That was three years ago when the oil price was $50… what do you think production disruption will do to $135 oil?

After bottoming at $870 at the open of London trading yesterday, gold finally decided it was time to add some value, and it moved slowly but steadily higher from there to the close of the NYMEX, after which it leveled off and cruised into a finish at $886.10/oz., up $8.80. For the week, gold gave up 4.1%.

“Captain, we’re running out of fuel!” “Don’t panic! Just burn up what little we have. And burn it faster!” Gordon Brown, crisis buster extraordinaire, has a solution to the energy crisis. Are you ready?

Garry White’s in a fightin’ mood today. Just check out this quote from today’s Smart Commodities: “Blair didn’t have the balls to make essential decisions that would have secured our energy future”.

Thank goodness for MoneyWeek, that’s all I can say. Because, aside from a couple of noble souls at the Daily Telegraph, nobody else in the mainstream media gets it.

All last week I expected the bullion banks to pull the pin on both gold and silver because of options expiry yesterday.

The bull market in oil comes down to just two simple numbers: The world can’t produce more than 85 million barrels of oil per day. The world wants 87 million barrels of oil per day.

True to form…and right on schedule…a seller showed up at exactly 3:00 a.m. New York time, and the selloff began in both gold and silver.

An Open Letter to Congress: First there was the trillion-dollar pork fest for energy. Then there was the decision to go with corn-based ethanol.