Business

Via FactCheck.org,

President Barack Obama’s final State of the Union address came up short of the facts on several topics:

While the energy carnage over the past year has impaired commodities, mostly oil, and increasingly the equity and bond prices of US energy companies, so far one industry has been left relatively unscathed: banks. The reason for this was that over the past year banks have, in filings, earnings calls and investor meetings, taken every possible opportunity to assure investors they all overly provisioned for any potential losses stemming from their exposure to energy (despite the not one but two consecutive quarters of Jefferies earnings fiascos).

By EconMatters

   Inventory Report

Submitted by Julianne Geiger via OilPrice.com,

As it turns out, Syria was merely a springboard for a much larger ISIS plan—replenishing terrorist coffers by taking over oil assets in war-torn Libya.

The terror group has largely taken control of the Libyan city of Sirte and its hundreds of miles of coastline, and has ransacked two key oil terminals in an attempt to wrest control from fragile Libyan officials, ISIS is banking on taking over these oil facilities, and is now reportedly recruiting its own oil and gas engineers.

One of our favorite hypocritical CEOs spoke this morning to try and explain why his rail freight transportation company's stock is plunging.