Here at Money Morning over the past six months, we’ve talked a great deal about oil and gasoline prices. We’ve offered our predictions about how high those prices were going, and have detailed a number of investment opportunities – chosen as much for their margins of safety as for their profit potential.

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.

Merrill: No More Capital Needed; German Bank Bayerische posts $6.7 Write-Down; Gas Prices Extend Record Run; Google Cuts 300 Jobs at DoubleClick; Silver Wheaton Triples Reserves; Northwest Loads Increase; Valero Completes Repairs; Consumer Debt Creeps Higher