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Italians are turning to the black market for cheap gas

If Americans think they have it bad with gas prices, they should see what's going on in Italy.

Business Insider: Where are the world's largest natural gas reserves?

Unconventional gas reserves, including shale gas and coal seam methane, are now at least as abundant as conventional reserves, according to the International Energy Agency.

British inflation hits three year high

Inflation is now over 5 percent, wages - for those with jobs - are not keeping pace.
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British Prime Minister David Cameron at a conference on energy prices yesterday. Today's inflation figures show that energy costs are the main factor in driving inflation in Britain to a three-year high (WPA Pool/AFP/Getty Images)
Economic news from Britain continues to be bad. News from Israel/Palestine for a change is good.
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