This is a reprint of an entry in this blog dated 4/23/09. I find everything is even more relevant today. Billions are being poured into green energy with little to show. Crude prices are above $80 a barrel. If a recovery blossoms, gasoline prices will be $4 and rising. I find it disturbing that some Read the full article…
It’s all about energy. With the Iran-Iraq situation oil will get tighter. We are still living in a dream world where windmills and solar panels will deliver us from the problem. Electric cars make sense until you realize the EPA will shut hundreds of coal fired power plants in the next few years. Two big Read the full article…
In my October 7,2009 entry I wrote about Sunoco cosing their Eagle Point refinery in Westville, NJ. Today, in an obscure article in the Wall Street Journal, Valero announced they will close their 210,000 barrel-a-day Delaware City, Delaware refinery since it is costing a million a day to run. This will put 550 high paid Read the full article…
