Fear and Loving of Hot Commodities

Eric Sprott could have told you this was coming. Canada’s top fund manager was buying energy stocks long before oil — and other commodities — became the hottest investing trend since the technology bubble. He is wildly bullish about energy. Two words explain why: Hubbert’s Peak.

Senate votes to open Alaskan oil drilling

Amid the backdrop of soaring oil and gasoline prices, a sharply divided U.S. Senate on Wednesday voted to open the ecologically rich Alaska wildlife refuge to oil drilling, delivering a major energy policy win for President George Bush.