Gasoline May Reach $7 a Gallon by 2020

Morrow Says Gasoline May Reach $7 a Gallon by 2020

March 9 (Bloomberg) -- Ross Morrow, a professor at Iowa State University, talks with Bloomberg's Lori Rothman about the possible impact of U.S. climate-change legislation on gasoline prices. Morrow also discusses the implications of higher prices for the U.S. economy. (Source: Bloomberg)

Golden Moment of Oil Refining Is Over says Fadel Gheit, managing director of oil & gas research at Oppenheimer

Fadel Gheit Says `Golden Moment' of Oil Refining Is Over

March 9 (Bloomberg) -- Fadel Gheit, managing director of oil & gas research at Oppenheimer & Co., talks with Bloombergs Julie Hyman and Mark Crumpton about the outlook for oil refiners. Chevron Corp., the second-largest U.S. energy company, plans to sell its only remaining European refinery, cut 2,000 jobs and shed assets in the Caribbean and Central America to stanch losses from its fuel-making business. (Source: Bloomberg)

Bob Chapman on the Gold Plated Tungsten Bars Scandal

Gold Counterfeiting: German TV discovers 500g Tungsten bar from bank

Bob Chapman returns on the Tungsten Gold plated bars scandal after a German TV have found a Tungsten bar sold as gold and professionally counterfeited , Bob Chapman advises against Gold bars if you are not able to check them out very carefully , he prefers coins to bars

German ProSieben TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin

From my estimate, 500 grams (or about 17.63 ounces) of gold at spot should be about $20,000 (US) instead of just over $20 (US) that Tungsten would be worth. That’s quite a rip-off. Via Infowars

Tyler Durden
Zero Hedge
March 2, 2010

German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world’s largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that “not all the glitters is gold.”

Full clip after the jump.