In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a fro... Read more...
Birdman x Bronald Oil & Gas. Ever since Birdman went public with the launch of his Bronald Oil & Gas Company last month, financial and business reporters have been very curious as to the legitimacy of Birdman’s claims. There is no doubt that he and his brother could afford to get into the... Read more...
You can read more about the platinum football field here An oil well tattooed on the shaved head of Bryan “Birdman” Williams and a Web site for a company called Bronald Oil & Gas LLC indicate that two men known for their gushers in rap music are getting into the energy business. Williams... Read more...

[vodpod id=Video.2972017&w=425&h=350&fv=contentId%3Dus%2F2010%2F02%2F01%2Fmissile.test.fail.dod%26amp%3Bcontext%3D640x384_start_art%26amp%3BdomId%3Dcvp_1%26amp%3Bw%3D640%26amp%3Bh%3D384] A U.S. missile defense test failed Sunday when a long-range missile missed its target because of ra... Read more...
Iran has told the International Atomic Energy Agency it does not accept the terms of a deal to ease concerns about its nuclear programme, diplomats say. For months, the Iranian government has criticised the offer to ship low-enriched uranium abroad in return for fuel, but never responded formally... Read more...
Iraq's oil capacity could reach 12 million barrels per day (bpd) in six years, the country's oil minister says. Hussein al-Shahristani told reporters in Baghdad that oil producers would not necessarily operate at full capacity, but would take into account demand. Saudi Arabia, the world's largest ... Read more...

There's rags to riches and then there's rags to mega-riches. Two brothers from Hungary definitely fall into the second category. Until recently, Geza and Zslot Peladi lived in a cave near Budapest. Completely destitute, the two cave-brothers earned money by gathering scrap metal and selling candy... Read more...
NEW YORK (CNNMoney.com) -- Because oil prices have always been directly related to the strength of the economy, a recovery might have seen headlines like these: • The recession ends: Get ready for $100 oil • The economy roars: $140 oil, is there an end in sight? • Everyone in China buys a... Read more...
NEW YORK (CNNMoney.com) -- "Drill baby drill" is so 2008. More than a year after Republicans rallied around the now-famous call, a growing number of Americans are saying not-in-my-backyard when it comes to more oil and natural gas drilling. At a recent drilling hearing in New York City the crowd... Read more...