RichC | 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 [...]
RichC | 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+ [...]
RichC | 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 [...]
RichC | 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.
RichC | 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 [...]
RichC | 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.
RichC | 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 [...]
RichC | 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 [...]
RichC | February 11, 2011
Archiving a scanned graphic from Fortune Magazine entitled “Race to the Bottom: Oil Wells Dive a Mile Under the Gulf.”
RichC | 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 [...]
RichC | 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 [...]
RichC | June 25, 2010
One wonders what this is all about – video below. (lots of stories)
RichC | 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 [...]
RichC | 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 [...]
RichC | 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
RichC | 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 [...]
RichC | June 1, 2010
The U.S. Government through Attorney General Eric Holder announced that they have opened a criminal investigation into the Gulf of Mexico oil spill. His comments spooked late day trading on Wall Street –"We will prosecute to the fullest extent of the law anyone who has violated the law." The huge spill from a well owned [...]
RichC | May 20, 2010
As headlines announce that oil is arriving to the shore of Louisiana in headlines of the paper today, the leaking BP drill site continues to gush oil at unknown rates. On the low side, NOAA has estimated 210,000 gallons per day, but after looking at the Enterprise ROV camera video I’m guessing it closer to [...]
RichC | May 18, 2010
Oil is ‘cheap’ according to graphs depicting Unleaded Gasoline against the dollar this past year (right) and crude oil over the past two years (below). The crisis in Europe and lack of robust economic recovery worldwide is contributing to high inventories and the faltering Spring rally in oil. Lackluster demand aside, oil production countries remain [...]
RichC | May 4, 2010
According to an Associated Press report, the casualties are starting to show up on the Gulf of Mexico. Experts are hesitate to point to the oil spill as the cause of death for every specie, but it is easy to speculate that oil is a contributing factor for many of the fish and birds. Sea [...]
RichC | May 2, 2010
Since I follow, and have posted, the rowing and progress of Roz Savage, I thought I would post her recent Tedprize MissionBlue TED Talk (Wikipedia info). Although I don’t see eye to eye with her robust embrace of the‘green political’ bureaucracy, I do recognize the impact we humans have on oceans and the marine environment. [...]
RichC | April 23, 2010
Few of us remembering the first Earth Day back in 1970 will argue that mankind was not damaging the environment or that seeking to pollute less wasn’t worthwhile goal. Now looking back 40 years, we can’t deny the significant improvements in both personal and industrial practices — at least in the United States. Still, there [...]
RichC | March 11, 2010
One of the noticeable economic signs for average Americans that our economy might be in recovery is the rise of fuel prices. An article in this mornings Wall Street Journal stated that “Gasoline prices are throttling toward $3 a gallon” and that “gasoline futures have rallied 21% since hitting a low in February to close [...]