Archive for September, 2008

What’s Happening To The Dollar?

Tuesday, September 30th, 2008 Posted in Uncategorized | Comments Off

Well, I opened my wallet this morning, and you'll never believe it... All right, enough with the fun and games. Wall Street is reeling after yesterday's House rejection of the $700 ... Read more..

Antero Pulls Back On Dominion Deal—A Sign Of Things To Come For U.S. A&D?

Monday, September 29th, 2008 Posted in Uncategorized | Comments Off

While Wall Street is panicked over banks going belly up because of amazingly stupid lending practices leading to bad loans on mortgages, the E&P A&D sector felt the first shock ... Read more..

Construction Starts At Jackfish 2 Oilsands Project

Monday, September 29th, 2008 Posted in Uncategorized | Comments Off

Oklahoma City-based Devon Energy Corp. has started clearing the site for its Jackfish 2 in-situ oilsands project in northern Alberta. The company’s original Jackfish project lies about 10 kilometers east ... Read more..

Houston Still Recovering From City’s Worst Power Outage

Thursday, September 25th, 2008 Posted in Uncategorized | Comments Off

The last 12 days have been monumental for the Bayou City -- on top of tree, house, boat and car damage, Ike rendered us with the city's greatest --I mean ... Read more..

Dems To Let Offshore Drilling Ban Expire? Hey Bud, Let’s Party!

Thursday, September 25th, 2008 Posted in Uncategorized | Comments Off

Looks like extreme times call for extreme actions! The House Democrats have voted to allowed the offshore drilling ban expire. House Appropriations Committee Chairman David Obey said that that a $600 ... Read more..

The Big (Mortgage) Bang Theory: It Isn’t Greenspan’s Fault

Tuesday, September 23rd, 2008 Posted in Uncategorized | Comments Off

Big Mortgage Bang has become a Big I-Banking and Big Mortgage-Insurer problem. Blame it on Greenspan? This reminds me of the anecdote of the new CEO who finds an envelope ... Read more..

Quis Custodiet Ipsos Custodes?

Tuesday, September 23rd, 2008 Posted in Uncategorized | Comments Off

"Who watches the watchmen?" A classic line by ancient Roman satirist Juvenal, which begs the question of just who is in charge of making sure our appointed sentinels do not ... Read more..

Why AIG? Why Lehman? Bernanke Answers

Tuesday, September 23rd, 2008 Posted in Uncategorized | Comments Off

Federal Reserve Chairman Ben Bernanke explained the Fed’s interest in propping up AIG and how aid to Lehman Brothers was unnecessary but not doing so represented further collateral damage to ... Read more..

Ike Dings Devon, Delays Haynesville Horizontals

Monday, September 22nd, 2008 Posted in Uncategorized | 1 Comment »

When hurricanes strike, we hear a lot about rig and platform evacuations offshore and shut-in production. At last count the Minerals Management Service said 49 production facilities were destroyed when Hurricane ... Read more..

The Changing Face Of Shareholders

Monday, September 22nd, 2008 Posted in Uncategorized | Comments Off

Recently I've been enjoying T. Boone Pickens' new book, The First Billion Is the Hardest. One part that stood out to me during my post-Hurricane-Ike-reading was Pickens' description of shareholders ... Read more..

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