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 […]
RichC | July 18, 2008
Now that wholesale prices for refined fuels are retreating a bit from their speculator driven lofty levels, I’ve been asked by a few people when this change is going to be felt at the retail level? My best guess would be soon … but then I’m wrong more than I’m right these days. Gasbuddy.com reports: […]
RichC | December 7, 2006
Like many baby boomers, I am proud to have a World War II veteran in my family. Today we remember the reason the United States went to war back in 1941, not that there weren’t reasons to defend Europe earlier. On December 7th we were “brutally attacked” by the Empire of Japan in Pearl Harbor […]
RichC | July 22, 2006
Dylan Ratigan of CNBC hosted a special last week that I recorded
RichC | March 17, 2006
I took advantage of warm oil after a long drive tonight to do an oil extraction (change) in my Volkswagen Jetta TDI tonight. I thought I would included a photo of a couple of appropriate filters with the plastic oil dam inside since I happened to have both the OEM VW brand (from the dealership) […]
RichC | March 3, 2006
I’m reluctant to post a message before hearing from Citgo Petroleum Corporation on an email making its way around the internet that generates strong emotions from most I’ve shown it too. (see posted email at the end of this post) The company (Citgo) is owned by PDV America, Inc., an indirect, wholly owned subsidiary of […]