THE KELLY LETTER OR
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 [...]
In response to yesterday’s article on why I oppose offshore drilling, Jonathan sent the following: Let me tell you a little tale. I went to grades 6-12 in a small Washington state lumber town. It was a company town whose sole economy consisted of the lumber mill and the logging operations that supported it. The [...]
My Aug. 5 article about offshore drilling elicited thoughtful replies from readers, as is usual around here. This site doesn’t attract much of the ruck crushed around popular message boards, for which I’m grateful. Rob found in Newt Gingrich’s Winning The Future newsletter “a study by two economists that argues that drilling in ANWR would [...]
Brianna writes: I enjoy your wry looks at politics. What’s the nuttiest thing you’ve heard in the presidential campaign so far? That the solution to high oil prices is offshore drilling. This is inane in several ways: The reason we’re damaged by high oil prices is that we’re dependent on oil. We need to get [...]
Jesse writes: It is my thought that if the Democratic party takes office, it may be of some value to hold alternative energy stocks, both in the short and long terms. There could be a short-term spike due to a renewed government investment in R&D; in these areas. A Democratic administration would not necessarily be [...]
In the The Case For Oil posted on January 20, I wrote: Energy is not a fickle industry. It’s one of the best developed and best managed on the planet. It’s not going away. Your money invested in energy is safe. Do not sell because of currently low oil prices. They will eventually rise again. [...]
The price of oil is down 16% this year. West Texas Intermediate spot prices closed the week $1 lower than last at $51.99 per barrel. I received a lot of email from subscribers who invested heavily in oil-related stocks. They’re wondering if they blew it and should sell now to limit losses. No. One way [...]