The good news? Crude dropped over 10 bucks. The bad news? No one may be able to buy the cheaper gas as a result. After a tenuous morning session, the market watched, listened and reacted to the House vote on the financial bailout for Wall Street. The bill, as well as the markets, went down [...]
This morning, President Bush presented the outline of the Bailout Bill that was bouncing around the House this weekend. In order to clam the markets, the President was at the podium at 7:30EDT to try and get out in front of the possible downturn. It didn’t work. Skeptical traders began the day selling off and [...]
It wasn’t exactly the ‘Thrilla in Manila’, but the Presidential candidates started duking it out tonight. What did YOU think?
I had written about Senate Leader Harry Reid’s ploy to restrict oil shale production in the US. It was hidden in an appropriations bill and Senator Reid figured no one would notice. Wrong! The good senator decided to park the wording smack-dab in the middle of a pork-laden appropriations bill, timed just for the re-election [...]
There has been much reported during the past week about the mess on Wall Street, Fannie Mae and Freddie Mac and Lehman Brothers. Next comes the auto industry. Where does it end? Please leave some suggestions – perhaps my insiders will read them and pass them along to the campaigns!
On the edge of the expiration of the Congressional offshore drilling ban after 25 years, the Senate Majority Leader Harry Reid (D-NV) has added this little piece to the latest appropriations bill: Sec 1602 continues ban on oil shale. The language follows: SEC. 1602. Notwithstanding any other provision of law, including section 152 of division [...]
After 40 years, the Cold War ended when the Soviet Union, unable to keep all of its breakaway provinces and Soviet Bloc countries in check, disbanded. This collapse effectively was punctuated when Ronald Reagan announced at the Brandenburg gate “Mr. Gorbechev, tear down this wall!” two years earlier. The cries of the American people are [...]
With the general unease in the country, the markets responded today with a jump in crude prices. The trading day started with oil jumping as high as $130/barrel and finally settling at $122.60. This occured with the money headed toward commodities now with the general weakness in the US dollar. I can only assume that [...]
The American Spectator put forth this opinion yesterday: The House may have passed a (watered-down) bill that allows limited offshore drilling, but the ace in the pocket of Speaker Pelosi and complicit representatives is that the courts are going to be deluged. In my hometown, it takes an average person over six months to get [...]
Many traffic safety experts say that talking – or doing anything – while driving is unsafe. Does that include your car talking to the traffic lights?? Audi is sponsoring a project called ‘Travolution’ in its home town of Ingolstadt, Germany. 46 traffic lights are ‘smart lights’ that communicate with Audis equipped with the system. They [...]
