I have been called to DISRUPT!
Is the answer to our energy problem?
a) Drill, Drill, Drill: off-shore, ANWAR
b) Renewables: wind, solar, bio-fuels, etc.
c) Conservation: car pool, public transportation, etc.
d) All of the above
As soon as a politicians realize that the answer is all of the above, the sooner we will get out of this mess.
T. Boone Pickens is creating great dialog with his plan. It is the best one I have heard yet…..
Oil breached $135/barrel for the first time ever wrecking havoc in the Stock Market, in Congress and on Main Street. Fingers are pointing left and right on why oil prices are seemingly out of control. CNBC conducted a poll “Tell Us: Who’s to Blame for America’s Oil Crisis?†In their poll, Congress is the leading culprit.
Congress has its own opinion and Big Oil is squarely in the bulls-eye. In a demonstration of their concern, they marched the oil company executives in for a round of questioning this past week. The hyperbole is even louder on the campaign trail as increased taxation on the oil companies is shouted every day. Apparently the CNBC crowd hasn’t bought into this rhetoric, but if that poll was conducted on a general news outlet – I would bet that Big Oil is public enemy number one.
To get beyond the hype I like to turn to the alternative media outlets. Continue reading “American Oil Crisis: Congressional Finger Pointing Growing Old”
A nice plug for Echelon (ELON) in the Motley Fool today. I discovered and wrote about Echelon (Echelon a Tech Star in the Making and Echelon Corporation an Infrastructure Play) in May.   Those that chose to act on those articles are sitting on almost a double in less than 3 months.
Knowledge is not power. Acting on knowledge is power!
Oh yea, what is a negawatt?
Per the Motley Fool,
The idea behind the negawatt is that the easiest, fastest, cheapest, and ultimately cleanest way to meet new power demands is to keep that demand from ever occurring in the first place. After all, the greenest and cheapest type of energy is that which never has to be produced.
Correction:Â After today’s 23% pop, anyone who would have acted on those articles would have doubled their money.
I had an interesting discussion this week about why gas prices are so high. It was actually more of an argument than a discussion.  As prices continue going up, the debates get more emotional. There is absolutely nothing you or I can do about the price the oil. As in any situation, I look for the opportunity. You should know where I stand – I have mentioned it several times:
Gasoline Prices Continue to Set Records
Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
Here is a great article that explains the increasing gas price environment really well.
Continue reading “Why Are Gas Prices So High, And What Can You Do About It?”
NEW YORK (AP) — Gasoline prices hit new records at the pump again Thursday, while gas and oil futures surged on ongoing concerns that refiners aren’t making enough gasoline to meet peak summer driving demand.
With the summer driving season set to begin on Memorial Day weekend, in just over a week, the 1.7 million-barrel increase in gasoline inventories reported by the government on Wednesday simply wasn’t enough to convince energy traders that supplies are catching up to demand. And that means retail gasoline prices are likely to continue rising for at least another month, said Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Ill.
“We might have to wait until post-Fourth of July,” to see a significant decline in gasoline prices, Ritterbusch said.Â
Source: AP
Prices at the pump gotcha down. Take two of these and call me in the morning.
Dr. Dawson
