Oil continues to dampen spirits of shareholders of Big Oil

| June 21, 2017

While the economy slowly improves and Wall Street waits with anticipation for congress to act on tax reform and in particular tax cuts that will bring the corporate tax in the U.S. in line with the rest of the world, oil companies continue to struggle. Obviously we’re still using oil … but the "glut" is […]

ElioMotors public image is still showing a stiff upper lip

| June 21, 2017

With financial concerns looming for Elio Motors, they continue to put out positive PR remarks to their "All In" reservation holders, prospective buyers and investors. Everything from their perspective is positive is a series of questions/answers  posted on their website. One Q & A indicates that Elio Motors is "targeting 2018" to be the year […]

Glut of crude is making the oil business a lot less attractive

| June 20, 2017

Traders of oil are bearish as the previous climb above $50/barrel could not hold under the pressure of global oversupply. For those of us who remember the doom and gloom of “peak oil,” paying $4+ per gallon at the pump and jumping on the alternative fuel bandwagon … it is hard to fathom that we’re […]

Our BMW X5 35d loves cheap diesel fuel ;-)

| August 14, 2016

First let me qualify, this is the discounted United Dairy Farmers (UDF – Mobil) price for diesel … but I’m not complaining about $2.14 either (current Aug 2016 price). It isn’t like we need an excuse to buy milkshakes, but their summer promotion in discounts fuel is the little push I need to bring home […]

How to get out of a common-cold, runny nose induced funk

| May 17, 2016

After realizing Monday’s topic was a bit depressing, it is time for a "TWO-fer positive" post, besides the sun warmed me up and is baking away my head cold (kept me down all weekend). It’s time to be a little more optimistic. First, here’s a beach scene that can transport just about anybody to that […]

Maintenance on my old Mercedes Benz 300D Turbodiesel

| April 26, 2016

Since I’ve been driving the 1982 Mercedes Benz 300D Turbodiesel most of the late winter and spring this year, I’ve been racking up the miles and am due for a full fluid and filter change. Tonight was the night and after 4 filters (2 fuel, 1 oil and 1 air) and 8 quarts of oil, […]

Crude Oil paralleling the stock market and world economies

| March 23, 2016

Looking at the Finviz chart of the wild second half of 2015 slide for crude oil, one would think we Americans would be cheering since we love driving big cars. Unfortunately lower crude prices (and prices at the pump) are also indicators of a struggling domestic and world economy. U.S. companies need strong international economies […]

Financial markets — Yesterday down, Friday up?

| February 12, 2016

Markets gave back yesterday’s losses today as some thought the selling was a little too panicked. A bit of news from the oil cartels about curtailing output had oil move up and that kicked off a wave of buying the beat up stocks.The close is near in the posted charts and the close for the […]

Cheap oil, negative returns and a confused Fed

| February 11, 2016

Markets took a wild ride today on very weak economies around the globe and oil dropping to nearly $26/barrel. UAE minister hinted at OPEC talking about production cuts, the markets Aftercame back from its lows. The pain was particularly hard on banks as monetary policies in more nations move into negative returns (negative interest rates) […]

The stock market drops again as oil prices remains weak

| December 11, 2015

Stocks have been in decline as investors wait for the Fed to either “move” or get off the pot this month. Adding to the misery for those who are thinking they are in long “safe” dividend paying stocks, like those in energy, they are nervous too.  While the economy is not particularly bad, the deflationary […]

Crude oil falls below $37 per barrel – a 7 year low

| December 8, 2015

Warmer forecasts, no production cut by OPEC and inventory surplus is keeping energy prices low and crude oil has moved to seven year lows. The impact is being felt by small leveraged U.S. oil companies who are on the brink of bankrupcy and even creating waves throughout the economy. As I tweeted… Oil prices fell […]

Enjoyed The Daily Skimm’s review of the Keystone XL Pipeline

| November 3, 2015

TransCanada requested a suspension of the U.S. permit on the Keystone XL Pipeline and one of my favorite “short take” email headlines did an appropriate refresher: Keystone XL Pipeline: not a beer. It’s a major oil pipeline project that would carry a LOT of crude oil from Canada to Texas. It’s also a major political […]

DJI oil, tech, retail, industry stocks officially in bear territory

| August 21, 2015

Even though I’ve already posted on the recent plummet in the financial markets , the heavy volume and substantial daily moves like we’ve seen the past couple of days deserves a second post. Dow Jones Industrials on Friday afternoon August 21, 2015 Friday (August 21, 2015) was another sour day for investors who are holding […]

Adding Exxon ($XOM) to a long hold dividend paying portfolio

| February 25, 2015

With oil prices down and the stock market in rally mode (particularly these top 5 Nasdaq stocks), it might be time to nibble on a few of TheStreet Ratings best Oil and Gas companies (below).  I’ve been watching a few of the “big oil” companies figuring it was time to start building a more diversified […]

The average Jane and John has a few more dollars to spend

| December 29, 2014

As the year draws to a close, we can be thankful for economic boost coming from cheaper gasoline.  The chart above show just how rapid the decline in the price of Crude Oil changed. It illustrates the unbelievable shift in the cost of energy for all of us. It is partially due to demand, but […]

How low can it go … Crude Oil that is!

| December 15, 2014

Wow! … I’ve watched oil continuing to dip lower on Monday afternoon (WTI $55.40/barrel) and this rapid drop in recent weeks has “for some reason” caused equities to sell off. Normally one would see lower oil prices as a good thing for the stock market since it makes goods and products less expensive and gives […]

The breakeven price for oil is between $10 and $100 per barrel

| December 1, 2014

Last week oil prices hit multi-year lows after the Organization of the Petroleum Countries (OPEC) decided to maintain their current production rate. This indicated that they are either comfortable with the current price of oil or more than likely want to force producing areas with a higher cost per barrel to stop exploration, drilling and […]

World economic conditions impact the financial and oil markets

| October 15, 2014

It’s October … why would anybody be surprised by the market heading violently in the down direction? I posted earlier this afternoon while watching the market selloff across the board and figured the end of the day deserved an update.  At one point the Dow was down 460 points with most stocks moving sharply to […]

CNBC talks boom growth with North Dakota Sen Heidi Heidcamp

| September 15, 2014

Since visiting my son Taylor a couple times in northwestern (Williston) North Dakota, I pay closer attention to what is happening in his area and the boom growth as well as the politics around moving energy. Unless someone sees the train tanker cars lined up or drive on the roads which are packed with truck […]

Reducing the IRS corporate tax bite with oil industry MLPs

| July 22, 2014

After my recent visit to North Dakota and the oil fields … AND seeing what has happened in one short year, I talked with my son ways of trying to invest in this oil boom (the “invest in what you know” philosophy). Of course I tried to look at what he sees from a “planners” […]

Busy, busy, busy … with Taylor up in Williston, ND

| July 20, 2014

After our visit with Katelyn and Drew in Minneapolis ( 7/18 & 7/19), we flew up to Williston, North Dakota to see Taylor. Flight and weather were great and after dinner our first night we stopped at Taylor’s Williams County Zoning and Planning office (below) and took an evening hike along the levy east of […]

Canadian options will make the Keystone Pipeline delays costly

| April 3, 2014

As the U.S. continues to delay and “study” the Keystone pipeline as a way to efficiently move North American crude oil from east of the Rocky Mountains in both Canada and the Dakota Bakkans to Texas refineries, other options and pathways are moving forward. Energy pipeline company Kinder Morgan Energy Partners L.P. ($KMP) held a […]

The Keystone Pipeline and the Political Theater of the Absurd

| March 12, 2014

I keep thinking that something has got to give in Washington DC when it comes to the how the Obama administration and many in congress bog down the greatness of our country. The  lack of an economic recovery is hurting the middle class and there isn’t a commonsense reason for it. Take the debate over […]

Time to call Gary Gerber for lube and diesel oil advice

| May 23, 2013

In keeping with a slow once-over on the new to me 1982 Mercedes Benz 300D Turbodiesel, it looked as if the previous oil change was not a diesel specific oil … meaning that it wasn’t designed for the additional soot carrying and lubricating characteristics  often associated with compression ignition engines. Along with needing EIGHT quarts […]

Converting to natural gas–what’s taking so long?

| August 22, 2012

Since our nation’s oil and gas industry has expanded its capacity to produce natural gas in recent years, it only makes sense that we take advantage of this plentiful, clean, and low cost energy resource. It sure sounds like a sensible way to keep the United States an economically competitive place to build and expand […]

Politician from both sides doing little to move us forward

| March 22, 2012

It’s easy for someone like me with a fiscally and socially conservative ideology to disagree with President Obama and his expansion of government. I disagree with his irresponsible deficit spending, his liberal social philosophies and adding new entitlements. As he approaches re-election he has also returned to blaming someone else for problems, even after 3+ […]

Financial markets flirt with the psychological 13,000 mark

| February 21, 2012

I watched the Dow break the 13000 mark a couple of times today, but unfortunately for bulls, it didn’t hold; the Dow closed up just .13% at 12966. Looking back a few years, the Dow last traded at the 13000 level in May 2008 and was heading down from its historic high of 14198 in […]

Lubricheck Software Completed. Now Works on Diesel.

| January 5, 2012

The Kickstarter company Lubricheck, mentioned in May of 2011, has improved their oil analyzer device to include diesel engines. Outstanding … although they aren’t shipping just yet – order link.

Oil shortage, demand problem, speculators or weak dollar?

| July 2, 2011

What’s with the sudden rise in oil price again? We’ve seen our weak economy take a crushing blow from rising oil prices once again. We all know that there has been an oil moratorium on U.S. oil ever since the BP oil spill … or perhaps since President Obama moved to the Whitehouse, but the […]

Lubricheck gets a little more press

| June 28, 2011

Last month I posted on a new start-up project raising funds for an engine oil analizer gadget … Lubricheck … and heard the @wsjthismorning radio spot/podcast talking about it.

Checking your engine oil with Lubricheck … hopefully

| May 20, 2011

I’m posting Kickstarter link for a device designed to check the quality of engine oil. It is called Lubricheck and I’m hoping that someone reading this with engineering thoughts on how realistically accurate the device might be? I’m a mileage oriented oil changer, but with the price of synthetic oil, diesel oils and just plain […]

Rapidly rising fuel prices renew double dip recession concerns

| March 1, 2011

The pain at the pump over high fuel prices will most likely slow the pace of our tepid economic recovery. For Americans fortunate enough to be fully employed, that means spending more dollars on fuel and less in other areas that might have hired a new workers. For businesses that mean a higher cost of […]

Great graphic on oil drilling in the Gulf of Mexico

| February 11, 2011

Archiving a scanned graphic from Fortune Magazine entitled “Race to the Bottom: Oil Wells Dive a Mile Under the Gulf.”

Stock markets in a sea of red do to unrest in Egypt

| January 28, 2011

As the middle east boils and Egypt joins Tunisia in a public uprising against their governments, world markets grow nervous seeing oil rise 4% today on worry over disruption. Not only is our U.S. stock market giving back it’s gains from the past few days, but the political unrest a half a world away reminds […]

The “show must go on” as the Tropical Storm Alex continues NW

| June 29, 2010

As the gulf coast continues to clean up oil damaged shorelines, folks in Mississippi, Alabama and Florida resort businesses welcome home grown singer/songwriter Jimmy Buffett, who with some friends will be helping to promote tourism with a free beach concert Thursday night. While oil gushes and a more noticeable oil slick moves closer to the […]

Strange YouTube viral video: Oil Rain in Louisiana

| June 25, 2010

One wonders what this is all about – video below. (lots of stories)

BP Oil Spill: Two months after the disaster

| June 22, 2010

  The BP Oil Disaster is bound to be the story to remember 2010 by as historians archive this year. Like most Americans who’ve travelled and enjoy the gulf coasts of Louisiana, Mississippi, Alabama and Florida, I’m disgusted and saddened by the damage that is being done to the economy, coastline and ecosystem. As we […]

Personifying BP and the disaster in the Gulf of Mexico

| June 15, 2010

BP’s CEO Tony Hayward can’t win for losing … no matter how he handles the aftermath of the oil spill (particularly since the oil is still spewing). Like it or not, Mr. Hayward is the face of the spill and the face of BP. He will continue to rightly shoulder the blame, the frustration and […]

The BP oil spill needs a little comedy

| June 11, 2010

When there doesn’t seem to be answer and the anger for many nears the boiling point, comedians react to BP’s (and the government’s) bumbling giving us a chuckle …  Posted via email from richc’s posterous

Stock market averages rebound helped by energy sector

| June 3, 2010

The stock market rebounded on Tuesday after selling on the government’s comments regarding criminal investigations of BP yesterday. Since I regularly reflect on moves down, it is about time to acknowledge that their is still an appetite for value … in today’s case, energy sector stocks. Most stocks were up as the DJIA jumped 225.52 […]

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.