Jamelle Agbuis

The UK North Sea gets another lift as Xcite Energy Ltd has informed that its Bentley field is rich in oil, according to the newest estimates. To top it all, the Bentley bed is estimated to be one of the largest heavy oil fields in the United Kingdom. The news awoke investors' hopes, while shares of the company climbed as much as 12 percent on the report.

West Australia's Anthony Giacoppo will be looking to utilise home-state advantage when the 2013 Subaru National Road Series (NRS) gets underway with the Woodside Tour de Perth (WA) on April 11.

A video teaser suggesting the Volvo S60 Polestar performance concept is coming to Australian showrooms has been released.

Tiger Woods said he was impressed by Guan Tianlang's ability during their late practice round at Augusta National.

The wife of Volkswagen AG chairman Ferdinand Piech is set to join the supervisory board of the Volkswagen Group-owned Audi, almost a year after being elected to the board of Volkswagen AG.

Kimi Raikkonen could hardly have wished for a better start to the 2013 season as he won the Australian GP without too much fuss.

Nico Rosberg has revealed that it was an electrical problem that caused his W04 to stop during Sunday's Australian GP.

Fast bowler James Pattinson will take no part in the Indian Premier League as a result of abdominal surgery.

Dear readers ask about gold. Is it time to sell? To buy? To forget about it?

Australia selectors have bucked tradition and are refusing to divulge the names on their 30-man squad list for the ICC Champions Trophy in June, which isn't against the rules, according to the ICC.

Imagine a society where your brain can be scanned to see if you are a danger -- because the scan can predict that you are likely to commit crime. This may sound like a sci-fi movie but the brain scanning technique already exists, according to a new study conducted by the Mind Research Network (MRN) in Albuquerque, New Mexico.

It seems that some battles are hard to end. Apparently, one of them is a bloodshed over Martha Stewart's products. These days at war are Martha Stewart Living Omnimedia Inc., Macy's Inc. and J.C. Penneey Co. as everything indicates that three parties of the argument have not reached consensus.

Australia's General Motors Holden, which is the division of General Motors Co., informed that it would begin job cuts which would touch as many as 500 employees.

How much will this deficit numbskullery by the Australian government cost investors? That's the question we left off with in yesterday's Daily Reckoning. Today we provide the answer: about 30%, give or take.

If you're going to speculate, you could do worse than speculate on energy. The issue became even more interesting yesterday with Shell's announcement that it would put its Geelong refinery up for sale. The downstream oil and gas business in Australia - refining oil and selling the refined fuels - is an increasingly lousy one.

Well here we go. Japan is once again boldly leading the way into the undiscovered monetary country. Desperate to engineer faster economic growth by any means necessary, new Bank of Japan (BoJ) governor Haruhiko Kuroda announced his attention to double Japan's monetary base to around $3 trillion by the end of 2014.

Tiger Woods' new found happiness has been critical to his resurgence on the PGA Tour.

World number two Rory McIlroy put in a much-improved showing at the Texas Open, but he couldn't stop Martin Laird from recording a two-shot victory.

North Korean threats have not only spread panic because of the political implications of probable military confrontation, but they have also already affected markets.

It seems that HP is experiencing a small revolution within its walls as the company pushed its chairman Raymond J. Lane to resign from his position. But that is not the last of the changes.

Newest data by Samsung Electronics Co. showed that the South Korean producer saw its profit climb significantly in the first quarter of the year as sales of mid-tier handsets surged especially in emerging markets. Strong sales of smartphones are expected to be recorded in the period ending June.

World number two Rory McIlroy's attempt to find some form ahead of next week's Masters tournament sees him take part in an event on the PGA Tour he would normally ignore - the Texas Open in San Antonio.

World number one Stacey Lewis is far more concerned with winning another major rather than maintaining her position at the top of the LPGA rankings at the Kraft Nabisco Championship this week.

It takes an economist to say something so stupid that the whole world is dumber for having heard it. Put a group of economists together and ask them what they think about government spending and you get a colossal stupidity that instantly makes the whole nation stupider.

In an interview with ABC News April 2, Gen. James Thurman, the top U.S. commander in South Korea, said the current tense situation on the peninsula is the worst it's been since he assumed command of the 28,500 U.S. forces there two years ago.

Exciting young amateur Lydia Ko will be paired with her childhood idol Michelle Wie for the first two rounds of the first women's major of the year, the Kraft Nabisco Championship.

The Mazda 3 has taken top honours in the March new car sales figures, marking the end of the first quarter of 2013.

Samsung Electronics Co. is bracing for a new thrust as it is to open new mini stores in Best Buy. The move is clearly targeted at Apple Inc. and its commanding position in the US. The question is whether this step can pose a threat to the dominance of Apple Inc. in its homeland market.

It's easy to waste energy getting wound up about politicians, thieves, cheats, and hypocrites. But there's nothing new under the sun when it comes to powerful people using the authority of the State or Crown to steal other people's money. In the meantime, the real world rolls on, and to roll, it needs energy. Enter Australian liquefied natural gas (LNG).