Tag Archives: BP

Obama is Missing His Chance to Change US Oil Dependency

June 20, 2010
President Obama gave his first-ever speech from the Oval Office last Tuesday, and it was about the BP Gulf oil leak. The BP Deepwater Horizon oil rig exploded on April 20, and the president has been harshly criticized for waiting so long to take the problem seriously. That his Oval Office speech didn’t happen until [...]
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Another Reason to Hate BP

June 18, 2010
As the oil keeps gushing in the Gulf, here’s a little modern history to further agitate your ire toward the UK’s biggest corporation. The following excerpt is from my new book, Financially Stupid People Are Everywhere: Don’t Be One of Them: Remember how the Iraq war was supposedly all about protecting innocent people from future terrorist [...]
Posted in Geopolitics, Oil | Tagged | 5 Comments

Be Patient With Oil Company Buys

May 26, 2010
Lots of investors are eager to jump into what they see as a buying opportunity in the BP Gulf oil spill, including me. Yesterday’s spike in share prices makes it look as if the window of opportunity may be closing. Don’t be too sure. In a note sent to clients Monday, Cumberland Advisors Chairman David Kotok [...]
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How Much Oil Is Leaking In The Gulf Of Mexico Spill?

May 17, 2010
I wrote in The Kelly Letter yesterday: The initial US Coast Guard estimate that the BP oil leak in the Gulf of Mexico is gushing 5,000 barrels of oil into the sea per day may be conservative. New analysis of video footage of the leak by scientists and environmental groups found that the rate is between [...]
Posted in Environment | Also tagged , | 5 Comments