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Posts Tagged ‘Oil’

The Worst Thing You Can Do with Your Money

Posted in Economy, Government, Life, Thoughts, World Affairs, tagged , , , , on December 4, 2008 | Leave a Comment »

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 [...]

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What Is a Barrel of Oil Really Worth?

Posted in Economy, Government, Life, Thoughts, World Affairs, politics, tagged , , , on December 3, 2008 | 4 Comments »

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 [...]

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Energy for America

Posted in Economy, Life, Technology, Thoughts, politics, tagged , , on August 7, 2008 | 4 Comments »

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 [...]

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The Imaginary Oil Crisis

Posted in Economy, politics, tagged , on August 5, 2008 | 2 Comments »

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 [...]

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