There they go again. The Bush administration's last gasp bonanza for the oil industry. Secretary Bodman and his minions at the Department of Energy could not have even waited the 19 days for the Obama administration to take office in order to permit them to deal with this issue from...

In quick succession over this past weekend, the New York Times brought out its heavy guns to militate for a national gasoline tax. First an editorial in Saturday's paper "The Gas Tax," and Friedman's Op-ed the next day, "Win, Win, Win, Win, Win." In putting forth an economically...

There it was bumping along the road, that battered beat-up bus that had seen better days just a short time back. There was King Abdullah at the wheel looking for $75 oil with his sidekick Ali al Naimi at his elbow guiding him through unknown peaks and valleys with a...

Last Thursday Bill Clinton disclosed his complete donor list of contributors to his foundation that funds his library and charitable work, in an effort to abate concerns of conflicts of interest should Senator Hillary Clinton be confirmed as President-elect Obama's Secretary of State.

Does it, or does it...

Remarkably, breathtakingly, while holding us all for idiots at a level of presumption comparable to that of his "brother in arms" Bernie Madoff in his shared talent of ripping people off, OPEC's senior nabob, Saudi Oil Minister Ali al Naimi, enlightened us according to a report on CNBC.com that,...

In an extraordinary press conference yesterday introducing his energy/environmental team President-elect Barack Obama put forward his energy program. In doing so he conveyed a sense that finally our government-to-be was about to lead us out of our long and hapless wanderings in the desert of fossil fuel enslavement. That here...

There we go again. Accepting OPEC proclamations as though it was received wisdom from the "Mount." In anticipation of Wednesday's OPEC gathering, we are told by Saudi Oil Minister Al-Naimi that as an example of commitment to its OPEC brethren and their previously prescribed OPEC quotas the Saudi's, last month,...

Brava Citigroup! From a broken institution you talked your compliant Wall Street buddies operating out of Washington to save your behind. Getting the Federal Deposit Insurance Corporation to provide protection against potentially debilitating losses from over $300 billion in toxic loans and securities which will now remain on Citigroup balance...

Friday's Wall Street Journal editorial, "Barack's Windfall Reversal," in barely contained gleeful terms crowed that a transition spokesman "explained this week that that the drop in oil prices to $50 barrel has made the windfall tax a dead letter." The editorial goes on to point out with degree of...

On November 25 the New York Times reported that "Russian leaders would like to improve ties with the United States under the administration of President-elect Obama." Mr. Putin was quoted "We hope the new leadership of the United States will be more constructive...."

Then, the very next day Russia's...

Today the New York Post in screaming front page headlines:

CITI
OF FOOLS
Negligent Bank Board Must Quit!

On January 28th of this year the following post from me appeared on the Huffington Post:

Citigroup's Self-Immolation and the Beginning of the Eclipse Of American-Style Capitalism...

With the hijacking of the Saudi oil tanker Sirius Star and its 2 million barrels of oil, the foreign minister of Saudi Arabia Prince Saud al-Faisal was moved to comment, "Piracy, like terrorism, is a disease which is against everybody and everybody must address it together." Spoken in the...

In past posts I have touched on this issue. Given the current crisis facing the automobile industry it becomes more pertinent today than ever. For those who have previously read my general argumentation on the subject, my apologies.

On December 29, 1940. Nazi Germany had conquered much of Europe...

This Saturday the Financial Time's front page headline shouted, "Obama to Review Wall St Bail-out." That means Bush's $700 billion plan is to be reexamined.

And no, I'm not Emile Zola, though I've had a few words on the matter ("Mr. Paulson, this is the nation's financial future you...

As never before, in this century of instant communication and the dissemination of information, it is the culture of a people, of a nation that portends its influence and its standing throughout the world. Yes, armaments and weaponry still count, as does economic might, but who we are and what...

The following piece was originally published on July 21, 2008:

Here we go again. Oil prices tumbling "in the steepest four day decline in history."

The sense of relief throughout the land is palpable. For a moment the fact that we are still at levels over 160% above prices of...

In breathtaking example of the manner in which oil has corrupted the Bush administration we have prima facie evidence of the perverted priorities of the last eight years. This is an administration that has left our economy at greater risk than at any time during the great depression, a nation...

With oil prices sliding steeply from their undreamed of heights at $147 a barrel
to under $70/bbl, levels that less than two years ago were considered rapacious, OPEC in its inimical greed called an emergency meeting to staunch the bleeding. To underline their concern and throw a Halloween scare...

A lead article in yesterday's New York Times, "Three Oil-Rich Countries Face a Reckoning," focused on the problems being encountered by Russia, Venezuela and Iran because of dropping oil prices. Not touched upon was the fact that world's largest consumer's -- the United States -- days as the oil...

In November of 1999, in a speech to the Houston Oil Forum, Saudi Oil Minister Ali al-Naimi bragged that the "all inclusive" cost to the Saudis to produce a barrel of oil was less than $1.50 a barrel. Costing $1.50 then you can make your own extrapolation as to what...