In the energy market Thursday, oil managed to gain a little ground, with crude for December delivery closing at $58.24/barrel, up $2.08 on its last day as the front-month contract.

Why The Smart Money Is Flooding Brazil. Here’s a challenge: Find me a more exciting investment story than Brazil right now. I guarantee you will fail.

The IEA forecast for a daily increase in global oil production of 31 million barrels by 2030—a 37% jump—sounds like pure fantasy. Do the facts support it? Are big oil companies already searching for that future oil and finding it? Do they have plans to produce it?

Brazil has had some good fortune lately. On April 30, Standard and Poor’s upgraded the entire country and nine of Brazil’s banks to “investment grade.”

How long before Bakken has a real impact on the price of oil? The answer’s never, sorry. Here’s why…

For 16 days, they blockaded the halls of congress. For 16 days, they chanted in the streets. Until finally, victory was theirs… the bill was struck down, the enemy bested.

I don’t believe nuclear energy is the solution to this problem, at least not in its current form. The dirty secret of the nuclear industry is that we still don’t have an adequate waste disposal system. While carbon dioxide pollution may let New Yorkers grow palm trees, radioactive waste will kill you.

The recent discovery of two massive Brazilian oil fields may end the US’s reliance on Middle East crude.

According to Bloomberg:

Saudi Arabia’s influence as the biggest oil exporter would wane if the fields are as big as advertised, and China and India would become dominant buyers of Persian Gulf oil, said Peter Zeihan, vice president of analysis at Strategic Forecasting in Austin, Texas.

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The Kingdom of Saudi Arabia is the world’s leading petroleum exporter. Officially, it has reserves of about 260 billion barrels of crude oil – approximately 24% of the world’s total proven petroleum reserves.

A recent story in the Financial Times covered the possibility that Nigeria’s crude oil output could fall by a third in the next seven years. The problem is, Nigeria is one of the top five foreign oil suppliers to the U.S.