RichC | September 13, 2023
A little bit of history told in an entertaining movie format … what could be better? Here’s a Sorbo movie call “Miracle in East Texas“ to be in theaters in October 2023 with a timely release (inflation and energy). The history tie in is the the World War II era story just as we were […]
RichC | October 21, 2022
With inflation raging and oil prices sky high, opting for the most premium synthetic oil is no longer and option for my aging 2010 BMW X5 35d diesel. I’ve been using Ravenol and usually do my own oil and filter changes and although self-changing the oil on a premium diesel model is still better done […]
RichC | May 13, 2022
FoxBusiness/WSJ graphic For the good or bad, whenever I’m away from my daily routine, it seems like the financial markets lose stability and investors go into crisis mode? The past couple of weeks, those invested in stocks, bonds and crypto know that it has been painful; there have been very few refuges from the sharp […]
RichC | April 23, 2022
As the Fed finally starts to deal with inflation, the market took note this month and seems to be selling off across the board. The expectation is that the economy will slow and as they say in the investing world, “don’t fight the Fed.” There isn’t a silver bullet that can keep businesses booming, paychecks […]
RichC | March 26, 2022
The “pain at the pump” is definitely real if you are buying fuel and if you have spend the last decade with gas and diesel at 40+% lower than we are seeing today. That said, in inflation-adjusted dollars, we are still off the highest per barrel prices that we have seen (chart below). Most oil […]
RichC | March 12, 2022
Nobody wants to really hear or see anymore written about inflation. We’ve all seen it with our own two eyes and our wallets have felt it since the Biden administration took office. No more though than the last couple of weeks after Russia invaded Ukraine as the West’s political miscalculations and head-in-the-tar-sands polices have made […]
RichC | March 2, 2022
I’m not an expert on how the events in Ukraine will impact the world, but I do pay close attention to geopolitical events, the financial markets and the economy … and can’t help but wonder how this will reshape our future. For the past year or so I’ve been grumbling about how the Biden administration’s […]
RichC | September 23, 2020
The weather has been just perfect for evenings in the garage or outside, so it is a good time to be checking off a couple of to-do list items – it was enjoyable. Although I’ve been slightly overdue for an oil change, the Ravenol oil I have been using is high quality synthetic oil so […]
RichC | September 3, 2020
I shared a question to a few of my automotive friends on a Twitter a few weeks ago … prior to my WordPress post disappeared due to a mysql crash (grrr!) … A question for #Millennials: What is this automotive “thing” and how does it work? So much of what we remember from our youth […]
RichC | April 22, 2020
The Coronavirus is doing what environmentalists and anti-fossil fuel advocates have only dreamed of doing … killing the petroleum industry. There is so little demand for crude oil that “Producers must pay buyers $37.63 a barrel” to refine their product. There is no place to store it as companies who explore and drill are dead […]
RichC | March 10, 2020
The “old school” razor sharpening animated GIF below has NOTHING to do with my emotional state after stomaching Monday’s stock market crash and “oil war” between Russia and Saudi Arabia … so don’t read anything into my poor attempt at humor. After watching the DOW drop over 2158 points and seeing the index close just […]
RichC | August 31, 2019
Last week I brought my old Poulan chainsaw back to life for a few dollars after giving away my newer one, but I ended up damaging my workbench while adjusting the carburetor jets. The saw was still in several pieces (without filter, the bar, chain or guard on) while making tune-up adjustments and I accidentally […]
RichC | June 19, 2019
My son Taylor has a friend who runs a farm in the UK that he visited with back in 2015. Besides the bachelor pad in a barn with collectable British and Italian sports cars, he also grows and processes rapeseed oil for cooks and unique restaurants. The Duchess Oil brand is not available in the […]
RichC | June 2, 2019
If you grew up watching Get Smart, then you know about the “cone of silence” … but do you know about the “bottle of protection?” A couple of weeks ago I stumbled across a guy work over a stove and frying pan of hot oil. If you’ve done this before, no doubt the spatter occasionally […]
RichC | May 24, 2019
The political tension around the globe, along with the trade battle between the United States and China, have put a damper on what was a relatively good economy here in the U.S. Add to those challenging international negotiations, the deepening divide between many Democrats still seeking to impeach President Trump in control of Congress are […]
RichC | January 20, 2019
A quick piece of advice for those who are in the habit of shopping online … especially if you are used to using Amazon and their Prime shipping. I’ve habitually price products since Amazon isn’t always competitively price with other online vendors, BUT my advice is to remember just how dependable and reliable shipping from […]
RichC | November 23, 2018
Even as someone who watches markets and oil, the precipitous drop in price over the past month has been shocking. Most observers expected the increased inventory to cause the price per barrel to drop a bit, just as it has in the past when oil is stored in surplus, but a $20/barrel collapse in 1 […]
RichC | July 29, 2018
Whew … I was worried on Friday while driving the old 1982 Mercedes Benz for a reasonably close business call as I noticed oil leaking everywhere. My first concern was for an engine seal or gasket since there was so much oil dripping under the car. As a babied the car home, I feared the […]
RichC | June 7, 2018
Several of the parts for our now 10 year old Kubota ZD326s have arrived so I started the process of cleaning, greasing and replacing the "broken and beat-up parts." I’m still waiting for the air filters to arrive from China, but have the Kubota branded oil filter and Chevron Delo 400 SDE 15W040 diesel oil […]
RichC | May 16, 2018
The BMW X5 35d hit 170,000 miles and that meant it was overdue for an oil change. The last change was also the high end imported Ravenol, but required an extra quart about 4000 miles ago. I suppose that is par for the course now that this diesel is 8 years old? Nevertheless, I do […]
RichC | February 9, 2018
With the rapid drop in oil prices, and equal "10% correction" in the overall stock market, will improving wages offset by falling commodities (oil) cause the Federal Reserve rethink their concern that inflation is picking up? Current thoughts were that we could see three quarter point rate hikes in 2018 if the economy continues to […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | May 17, 2016
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RichC | 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, […]
RichC | 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 […]
RichC | 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 […]
RichC | 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) […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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” […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
RichC | 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 […]
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. We are pleased to report that our software development and testing has been successfully completed! During this process, we found several changes that were required […]
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.” Click for full sized version
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) The auto blog Jalopnik dug up a 2003 study that shows that oil on the open ocean could evaporate under the right conditions. And it’s unclear how the Corexit 9500 dispersant affects evaporation. If it were raining Corexit 9500 in River Ridge, […]
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