Free Republic

LONDON (Reuters) - Oil fell more than $4 a barrel to below $121 on Tuesday, touching the lowest price since May, as signs of weakening demand outweighed a disruption to Nigerian oil output. The drop also coincided with a firmer U.S. dollar, which may have reduced the appeal of commodities to some investors, and comments from OPEC's president that oil could fall to $70 or $80 in the long term. "We still believe that crude's rallies are vulnerable and we would advise not buying into them," said Edward Meir, analyst at MF Global who earlier on Tuesday said he expected...

One of U.S. Rep. Robert Wexler’s election opponents is seeking state and federal investigations into the growing controversy surrounding his residency in Florida. Former Broward Mayor Ben Graber will hold a press conference at noon at the Broward County Governmental Center. Graber, who is running against Wexler in November, wants investigations into whether Wexler violated Florida and Maryland tax and voter registration law as well as whether he has improperly used congressional housing benefits. Wexler is Florida's only member of Congress who does not own a home in his congressional district. The Democratic congressman has admitted the only house he...

A lot of people probably can't understand why someone would voluntarily give up American citizenship -- but if someone wanted to do that, they'd now incur financial penalties for it. Congress just passed a new law that will stop your capital -- or at least a good portion of it -- at the border, should you decide not to be a U.S. citizen anymore. Is it, perhaps, in preparation for the possibility that Americans might rebel at the debt and taxes incurred by their government by leaving for lower-tax locales? You probably didn't notice this little provision inserted into the...