Update: Oil smashes $86 for the first time
This week’s inventory report will be very interesting. If there is a significant build, the price could unravel quickly. If there is another surprise on the downside, we may crack $90 by the end of the week. But as long as oil prices stay at these levels, Saudi [...]
Oil Industry,Oil Industry >
Oil Tops $85 
National Geographic Story
Update: This was a story originally posted in August of 2006 (Wow, that’s been the fastest year of my life), but E3 Biofuels has come up in discussion quite a few times lately. I am going to be traveling over the next 5 days with intermittent Internet access, so I thought I would bump this [...]
The Oil Industry Helps Bail Out AIG
OK, maybe that’s an exaggeration. But they did just chip in close a billion dollars to the government coffers that are propping up AIG:
US Central Gulf Lease Sale Bids Total $703 Million
HOUSTON -(Dow Jones)- U.S. Interior Secretary Ken Salazar said the Central Gulf of Mexico Oil and Gas Lease Sale 208, held Wednesday in New [...]
Dog and Pony Show Scheduled for Today
The familiar dog and pony show of calling oil company executives to Washington to testify before a pandering congress begins today:
Congress has big questions for Big Oil
WASHINGTON – Big Oil is once again being called on the carpet. Senior executives of the five largest U.S. oil companies were to appear before a congressional committee Tuesday [...]
What Planet Are They From?
I have come across a couple of articles in the past few days that really left me shaking my head. One praises Hugo Chavez as a hero, and the other blasts oil companies for their multi-million dollar gifts to higher education. These people definitely see the world through a very different set of lenses than [...]
King Corn and Big Oil
Over the weekend, I watched the documentary King Corn. It was released in October 2007, but I just now got around to watching it online at Netflix. The premise is that a pair of college friends from the East Coast wanted to learn more about where our food comes from. When they learn about the [...]
The Art of Spinning
As the previous post indicated, we in the U.S. have a pretty low energy IQ. One of the reasons is that energy stories are often reported in a very biased or uninformed manner, which tends to distort public viewpoints. For instance, you may think those evil oil companies are wrecking the world. You are entitled [...]
There Will Be Blood
Update: My wife informed me this morning that lead actor Daniel Day-Lewis won the Oscar last night for best actor for his performance in this movie. While I don’t know who he was up against, he certainly did an outstanding acting job in this movie.
This being my last weekend here in Scotland, I decided to [...]
Answering Questions – Part I
Back in Aberdeen after some very interesting meetings in London, some of which I hope to be able to discuss in the not too distant future. I started working my way through the list of questions while I was in London and had some spare time. Some of the questions really warrant a stand-alone post.
Instead [...]
Tyson Slocum is Wrong
Time to debunk another perpetual myth. In a story today in CNN – Big Oil’s Money Machine – consumer advocate Tyson Slocum makes the following claim:
“Are we getting any bang for our buck with record gas prices?,” asked Tyson Slocum, energy program director at Public Citizen, a national consumer advocacy organization. “They aren’t building any [...]
