American oil production had a banner year in 2012, largely thanks to new drilling techniques that recover oil from shale rock formations. As world energy supplies grew, demand for energy moderated, thanks to Europe's recession and energy-saving efforts.
After a booming January through May, US stocks are coping with rising interest rates and concern for overseas markets. Investors should factor heightened market volatility in their decision-making.
This week's round-up of Good Reads includes Facebook losing favor among teens, the first menial jobs of the rich and famous, reminiscences by Kim Jong-il's sushi chef, new campuses for the headquarters of tech giants, and the world's fastest cellphone.