Moonage Political Webdream

From AP: Exxon Mobil Corp. posted record profits for any U.S. company on Monday $10.71 billion for the fourth quarter and $36.13 billion for the year as the world€™s biggest publicly traded oil company benefited from high oil and gas prices and demand for refined products. The results exceeded Wall Street expectations. The company€™s earnings [...]

Almost immediately upon the release of the ANWR decision in the Senate, this happens: Apparently the business sector doesn’t like the events of the last 24 hours any more than I do.

In the last 24 hours, the Democrats: Returned us to the intelligence agenda that led directly to 9/11. Told the Middle East that we’re not willing to do what it takes to lessen our reliance on them.  Keep sending those terrorists, it’s no biggie. Didn’t mind too much cutting benefits for the poor, but were [...]

My fellow Fools and I have been having this discussion in regards to the price of gas.  Initially it started as a debate over the 2005 Energy Act and how permits would not lead to more refineries.  As with any lengthy discussion, it morphed.  One of my bestest buds then made this comment: Both India [...]

Some people are predicting the end of the world as we know it based on the projected size and path of Rita.  Here’s why exactly: The darker grey area is the area impacted by Katrina.  The white area is the area projected to be impacted by Rita. There is a little sliver of area between [...]

Yesterday I mentioned China in regards to my comments on Senator Stabenow’s bill to tap the SPR.  Specifically the fact that China is now trying to fill their SPR as well.  Today I find this article at Gateway Pundit: The Chinese government has sent thousands of police to petrol stations in the southern city of [...]

I received this email today: I don’t know about the rest of you, but I’m sick to death of paying over $2.50 for a gallon of gas, with no end in sight. If prices are driven by demand, then HELLO, let’s work to lower demand! Labor Day Weekend is one of the biggest weekends for [...]

The U.S. House of Representatives on Thursday passed a 1,700 page energy bill containing tax credits worth nearly $14.6 billion to industry. The incentives would be dispersed among oil, natural gas, electricity, nuclear and renewable energy companies. The House adopted the bill in a lopsided vote of 275-156, drawing support from 75 Democrats. The Senate [...]

So far this week: Consumer Prices Hold Steady in June  ( Read no-inflation ) Nonfarm employment increased by 146,000 in June The jobless rate in June was 5.0 percent, seasonally adjusted.  It has trended downward since February 2005 and is now 1.3 percentage points lower than its most recent high in June 2003. The trade [...]

U.S. Stock Markets Market Level Change Last update  djia 10,502.54 -17.18/-0.16% 7/12 11:09  nasdaq 2,134.65 -0.78/-0.04% 7/12 11:09  s&p 500 1,219.17 -0.27/-0.02% 7/12 11:09  russell 2000 669.11 -2.63/-0.39% 7/12 11:09  nyse composite 7,394.70 12.20/0.17% 7/12 11:09  dow transport 3,601.57 -21.65/-0.60% 7/12 11:09  dow utilities 395.37 0.99/0.25% 7/12 11:09  amex composite 1,584.26 11.90/0.76% 7/12 11:09  fortune [...]