Well, an American legend and hero has passed away. The last great thing this nation ever did was go to the moon and Neil Armstrong's death makes me very sad and kind of puts into perspective just how far we have fallen.
Thanks to our good friends,RJ at the Global Glass Onion, the Ozarker at Conflicted Doomer , Doug at 3Es News and David at ETF Daily. Be sure to stop by and pay them a visit!
Peak Oil and Energy News
Telegraph: Peak cheap oil is an incontrovertible fact
If the looming global oil crunch has been postponed for another decade or two as widely alleged, this is far from obvious in today’s commodity markets.
NYT: 24 Killed in Explosion at Refinery in Venezuela
Zerohedge: U.S. Gasoline: High Price Could Continue Despite Low Demand
Guardian: Why Libya's 'sweet' crude oil is not enough to tempt BP or Shell
Reuters: IEA may release oil reserves as soon as September: report
Bloomberg: Gasoline Jumps on Supply Threats as S&P 500 Advances
Newsday: Iran says it may open military site to visit NYT: NATO Says It Killed a Pakistani Militant in Afghanistan
Telegraph: Syria: hundreds of bodies found in Daraya
Reuters: Assad's forces accused of massacre near Syrian capital
NYT: Mass Burials Held in Damascus Suburb Amid Army Crackdown
XinhuaNet: Alarming surge in Syrian violence overshadows diplomatic activities
WashingtonPost: Evidence is mounting of a new massacre in Syria, with at least 320 killed in past several days
CNN: Iran takes on UN at global meeting
WashingtonPost: Iran opens nonaligned summit with calls for nuclear arms ban
Reuters: Afghans say top Haqqani leader was killed in US drone strike
BBC: Seventeen civilians killed in Afghanistan's Helmand
Independent: British soldiers resort to 'baiting' Taliban to beat rules of engagement
WashingtonPost: Syrian rebels shoot down military helicopter over Damascus
Time: Why It’s Time to Leave
Telegraph: Saudi Arabia foils 'terror cells'
Saudi Arabian authorities have foiled a "terror" plot by elements suspected of links to al-Qaeda, busting two cells in Riyadh and Jeddah.
GlobeAndMail: Violence returns near Lonmin’s S.Africa operations
Domestic Financial News
ITWorld: Jury decides largely in Apple's favor, Samsung hit with $1B damages
CNBC: Nymex to Hit $100 But Experts Say Sell the Rally
CNNMoney: Investors and economists agree: No QE3
NYT: U.S. Arms Sales Make Up Most of Global Market
StarTribune: Sales of U.S. arms tripled last year
NYT: A Regulator’s Key Role in Failed Mutual Fund Reform
FT: China, Dying for Growth, Is Paying a High Price
Global Financial News
BlacklistedNews: Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong
Bloomberg: Merkel Warns Officials to 'Weigh Their Words' Over Greek Exit
WSJ: For Spain's Jobless, Time Is Money
GlobeAndMail: German businesses now fear for their future exports
SoberLook: Sharp declines in prices for steel and iron ore indicate contraction in China's industrial demand
Reuters: Merkel tries to calm storm over Greece, ECB policy
Aljazeera: China: Broken Dreams - Many young Chinese are losing faith in China's economic miracle. Although the nation's economy has expanded to more than $7 trillion and is poised to overtake the US in the next decade as the world's largest, fewer Chinese feel they are sharing in the prosperity.
DetroitNews: Currency crisis, economic weakness bear down on Europe's car industry
TheUnion: German minister rejects more time for Greece
Atlantic: Why the Gold Standard Is the World's Worst Economic Idea, in 2 Charts
EarlyWarning: Global Lithium Production 1950-2011
M 3.3, 28km SE of Redoubt Volcano, Alaska
ClimateCrocks: The Biggest Story You Aren’t Seeing on the News. Sea Ice in Free Fall.
Hurricane Isaac vs the Republicans is rising on the charts – but its really a footnote compared to the big story. How long before the major media turn cameras on the jaw-dropping drama that’s had scientists transfixed for the last 3 weeks?
The ice extent is about to drop below 4 million square kilometres for the first time in the satellite record, and the Arctic has shed almost half a million square kilometres of sea-ice in last five days!VumaSun: Brawley earthquakes felt in Yuma
WashingtonPost: Magnitude-5.3 quake, dozens of smaller shocks rattle Imperial, San Diego Counties in Calif.
SAN DIEGO — Dozens of small to moderate earthquakes rattled Southern California on Sunday, shaking an area from rural Imperial County to the San Diego coast and north into the Coachella Valley.WSJ: Strong Quake Hits Off El Salvador Coast
The largest quake, magnitude 5.3, struck at 12:31 p.m. about three miles north-northwest of the small Imperial County farming town of Brawley, according to Paul Caruso, a geophysicist with the U.S. Geological Survey. It was followed minutes later by a magnitude-4.9 quake.
McClatchy: Isaac largely spares South Florida, now threatens Gulf CoastCNN: Eerie similarites: Isaac follows track of Katrina, evacuations ordered for coast
hat tip to comment in Climate Crocks for the following story
CNN: Louisiana probes cause of massive bayou sinkhole
MSNBC: Bears not attracted to menstruating women - Despite campfire fears dating back to at least 1967, black bears and grizzly bears are not attracted to the odors of menstruation, according to a recent Yellowstone National Park report.
ENENews: Trouble Ahead? AP: “Heavy rains reopen Baltimore sink hole” - Louisiana declares state of emergency, tells 50,000+ to evacuate as hurricane warnings issued
Rawstory: South Korea on alert as major typhoon Bolaven nears
Alternet: 5 Weird -- and Terrifying -- Consequences of Climate Change You May Not Know About
CNN: Hiker photographs bear just before fatal grizzly attack
America in Decline
WWITV: US doctor helps perpetuate rape pregnancy ideas
MSNBC: MSNBC: Airlines: You can't wear that
TruthOut: The Battle Over NDAA's Police-State Provisions Continues in Court
CommonDreams: Obama Administration Backs Shell in Supreme Court Case - The Obama administration is backing Shell Oil after abruptly changing sides in a landmark U.S. Supreme Court case that could make it even more difficult for survivors of human rights abuses overseas to sue multinational corporations in federal courts.
Food and Water
Gallup: One in Four Mississippi Residents Struggle to Afford Food
CNN: Farmer: 'It was the system that failed us'
Guardian: Food shortages could force world into vegetarianism, warn scientists
Leading water scientists have issued one of the sternest warnings yet about global food supplies, saying that the world's population may have to switch almost completely to a vegetarian diet over the next 40 years to avoid catastrophic shortages.
TruthOut: Trade Group Funded by Monsanto Creates Children's Book
BusinessInsider: NSA Whistleblower Details How The NSA Has Spied On US Citizens Since 9/11
Science and Technology
Wired: How Pacific Island Missile Tests Helped Launch the Internet
Technolog: Why’s everybody so angry about Twitter — and should you care?
Medical and Health
NYPost: Tough medicine for Medicare
Boston.com: Circumcision update: benefits outweigh risks (but it's still a personal decision)
Vitals: Court rules controversial stem cell research is legal
Doomsteading, Gardening, Urban Farming
Treehugger: Rooftop Garden Feeds Cafe Customers Below
Today: DIY: Drive the pests away with homemade bug spray
Alternet: Cops May Have Been Responsible for All Bystander Injuries Near Empire State Building
MSNBC: Baby boy dies after being locked in hot car
MSNBC: 36 die as tanker, bus collide in China
BostonHerald: Congressman Markey calls out Romney energy plan as putting 'oil above all'
DemocraticUnderground: Slouching Towards Tampa (Things Fall Apart edition)
LAT: A Mitt Romney most of America doesn't know
Friends see a warm, charitable man with a sense of duty rooted in his Mormon faith. So why is so much of his past kept under wraps?
USAToday: Ron Paul rallies supporters in Tampa
WashingtonPost: To get a grasp on Mitt Romney, start with the lesson of the muffin
PNS: Protests, Weather Could Provide the Drama at GOP Convention
MSNBC: Romney to back birther baggage at GOP convention
FT: GOP Convention Delegates: Pro Romney or Anti Obama?
NYT: Republicans Worry About Keeping Factions Reined In
HuffingtonPost: The Demonization of President Obama Must End
Rawstory: Akin plummets in poll, now trails McCaskill by 9
NYT: At Convention, 2 Disruptions: Tropical Storm and Ron Paul
The Oil Age