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  • Executives warn Obama against Keystone rejection [View news story]
    The XL would likely be the safest pipeline ever built. There's a strategic importance for the US with this pipe. The more the world comes to depend on the US as a distillate supplier (diesel and gasoline), the less they depend on Russia and the Middle East for crude. That helps align other countries interests with our own.
    Oct 10 08:54 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The Afoordable Care Act was debated, modified and voted into law by the Congress. That's how guys like me think. I don't like it much but it was passed so that's it. If Congress changes it based on it's own merits or problems then that's what happens. Screwing up the rest of the government because a small bunch is determined to change the ACA is the terrorist analogy.
    Oct 10 01:16 PM | 4 Likes Like |Link to Comment
  • Tesla Reminds Me Of Apple [View article]
    Apple didn't really peak out until the bears surrendered and Jobs sadly passed away.
    Aug 26 10:20 AM | 4 Likes Like |Link to Comment
  • Reinhart-Rogoff A Week Later: Why Does This Matter? [View article]
    RR matters because they made specific, alarmist predictions that were unfounded. RR also matters because some political camps took their predictions to heart and made or proposed policy on that basis.
    Apr 24 08:38 PM | 4 Likes Like |Link to Comment
  • Alaska's Stranded Gas: Will The $45-$65 Billion LNG Project Provide A Solution? [View article]
    It's not a LNG pipeline, it's a NG pipeline to a LNG liquefaction and export facility.
    Mar 25 06:28 PM | 4 Likes Like |Link to Comment
  • Surging output from shale oil fields likely will lift U.S. crude output to 7.5M bbl/day by October, topping net imports for the first time since 1996, the EIA says in its Short-Term Energy Outlook. U.S. demand last year fell 400K bbl/day to a 16-year low 18.55M, and EIA expects demand in 2013-14 to barely inch higher, as aggressive conservation and substitution measures have pushed consumption onto a new trajectory[View news story]
    The shale revolution has added two million barrels a day of US crude production in the last two years, nobody predicted that.
    Mar 12 07:49 PM | 4 Likes Like |Link to Comment
  • Amid worries that rising gasoline prices are on the verge of pushing the U.S. into a recession, an MIT study makes the case for even higher taxes at the pump. If the goal is to get Americans to drive less and use more fuel-efficient vehicles, and to reduce air pollution and greenhouse gases, the study says higher gas taxes are at least six times as effective as stricter fuel-economy standards. [View news story]
    Nuts Everyone is already driving less and buying high mileage cars. The US is a big place, it's not like Europe. There's something suspect in gasoline pricing.
    Feb 22 07:30 PM | 4 Likes Like |Link to Comment
  • Why There's Less High-Frequency Trading [View article]
    Maybe they don't trade because they don't make much money anymore.
    Oct 15 04:25 PM | 4 Likes Like |Link to Comment
  • An astonishing fact about the stock market since October 2010: Out of 156 weeks, the market has suffered only seven negative Y/Y readings. Even during the seven Y/Y-down weeks, the largest negative reading was just -1.6%. "Just goes to show you how resilient and strong the market really is," Jerry Khachoyan exults. [View news story]
    Atlas Shrugged....all 1,088 pages of sophomoric drivel....with a 64 page speech by M. Galt?....That Atlas shrugged?....might do as well as the Sarah Palin story. Might as well read L. Ron Hubbard.
    Sep 30 07:31 PM | 4 Likes Like |Link to Comment
  • Obamacare is facing a backlash. 6M Americans, or roughly 2% of the current population, are going to wind up paying a penalty for failing to have health insurance when the impact of the 2010 health-care overhaul law is felt in 2016. That's more than previously projected, according to the CBO. 85% of the increase stems from changes in baseline projections since April 2010. The other 15% is due to the recent Supreme Court decision that upholds the law, but tells states they won’t be required to beef up their Medicaid programs. [View news story]
    The public in Mass. seems to like it. How did it work out for Mitt?
    Sep 19 07:23 PM | 4 Likes Like |Link to Comment
  • The debate on Chick-fil-A's unofficial stance on same-sex marriage keeps getting ratcheted up by politicians and activists from both sides pandering to crowds. While seemingly only a minor event a week ago, the large crowds gathering inside and outside of the chain's restaurants day after day has caught the eyes of at least a few restaurant analysts wondering if the flareup could affect U.S. sales at rivals MCD, WEN, and BKW[View news story]
    Excellent sandwiches, real chicken. I really don't mind if a company wants to say something on an issue and doesn't hide behind a PAC. I really do mind when a company funds a PAC and attempts to determine national policy. I really don't want corporations running the government.
    Aug 3 03:52 PM | 4 Likes Like |Link to Comment
  • June Philly Fed Business Outlook: -16.6 vs. an expected 0 (consensus range -3.0 to 4.0) and May's -5.8. Overall declines indicated as general activity, new orders, shipments, average work hours were all negative.  [View news story]
    Not everything is politics. Unless you watch Fox or Kudlow. There are other forces in the world.
    Jun 21 01:22 PM | 4 Likes Like |Link to Comment
  • I Told You So: Facebook's Ugly IPO Debut [View article]
    "I told you so?" You and everyone else.
    May 18 09:39 PM | 4 Likes Like |Link to Comment
  • With the GOP and the Democrats looking to end various tax breaks to finance tax cuts, a new Congressional report shows that exemptions amount to over $1T/year - around the same amount as the budget. The biggest breaks are those for employer-provided health insurance and pensions, which are forecast to reach $164.2B and $162.7B respectively in 2014.  [View news story]
    By all means, lets get rid of healthcare and pensions. Get down to basic capitalism and stop using government to try to prop up the consumer. Real creative destruction on a grand scale. Reality will quickly set in. Ever read Charles Dickens? Maybe we would end up with a system that actually works. Or not.
    Mar 25 02:35 PM | 4 Likes Like |Link to Comment
  • "We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more."  [View news story]
    Or one could not pay attention to the reconstituted neocons of today.
    Mar 10 10:14 PM | 4 Likes Like |Link to Comment