A Good Example of Why You Should Take Chicken Littles With a Grain of Salt

Nature itself seems to be cleaning up much (but not all) of the oil much more rapidly than imagined. I wonder who programmed it to act that way...

An Exxon Valdez Every Five Days

Rolling Stone magazine summarizes the failures, minimizations, and obfuscations of the Obama Administration. And yes, the Bush Administration bears much responsibility as well, since the lax regulations were put into place during that time. Sad.

The Next Zimbabwe

Venezuela, under Hugo Chavez, is headed down the road to being the next Zimbabwe. Chavez does not understand that you cannot dictate economics, it doesn't work and never has. All his attempts to prop up his economy are failing and taking over more of the oil industry will not help. Oil at $120 a barrel, that will help. Nothing else will.

Why Are Oil Prices So High?

Answer: speculation. This is a must read column.