The BP Oil Catastrophe – Why Can’t They Stop the Flow?

Today BP announced that their “top kill” method of stopping the undersea gusher in the Gulf of Mexico is a failure. Previously they had tried to place a dome over the gusher to contain the oil and redirect it via pipes to the surface. But that was a failure. Then they tried inserting a small [...]

Read Full Post »

The Worst Thing You Can Do with Your Money

These are troubled times. The stock market gyrates wildly every day; major industries are teetering on the verge of extinction; and banks are paying a pathetic 1% interest on savings accounts. So what should you do with your money? Should you just put it in a piggy bank or under your mattress? How about burying [...]

Read Full Post »

What Is a Barrel of Oil Really Worth?

Five months ago, the price of oil was over $147 a barrel. Today it is about $47 a barrel. How can that be? Did the intrinsic value of oil just evaporate?  Is oil just not as useful as it used to be? Or is it that the U.S. dollar is now worth a lot more [...]

Read Full Post »

Energy for America

It may come as a surprise to most people, but we don’t really have an energy crisis, and we don’t have an oil shortage either! During the past couple of days, CNN has been reporting on the discovery of vast oil reserves in North Dakota. It’s not really a discovery though, because the oil business [...]

Read Full Post »

The Imaginary Oil Crisis

If you listen to John McCain you might think that we were in danger of running out of energy tomorrow. You might think that we are in a desperate situation and we need to start digging for offshore oil right now…today…this minute, and if we do, why you can bet that oil prices will come [...]

Read Full Post »