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BloggingStockcast: American Idol, SEC vs spammers, and more

In this episode of the BloggingStockcast we talk about American Idol, SEC vs spammers, new finance website for the younger set, electric cars, and Wal-Mart delivering marijuana.


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Big Oil and its cheerleaders:I've had just about enough

I've been knocked around a bit for coming out full tilt against Big Oil. I do realize that when I take my stance against crude oil, in some ways I'm taking a stance against trillions of dollars of modern economics. The fact that the modern world is built upon petroleum is not lost on me. But that doesn't mean that I have to agree with or like it. So those of you who have the mind to, please invest a couple minutes to read what more I have to say on the subject. Perhaps you'll be enlightened to some things you never thought about or at the very least you may have more reason to consider me "a bit off center."

First I'd like to ask, why are the supporters of Big Oil trapped into this thinking that seems to claim: In ten years everything will be just like it is now, with the exception that it will be like that in more places? What kind of limited logic is that? Someone wrote to tell me that 15 million Chinese will be needing cars soon. That's just fine with me, but it takes gall to suggest that all those Chinese need cars with gasoline-fired internal combustion engines! Is it so hard to believe that an effective electric car is not only possible but is here already? Does no one think that Chinese citizens might like electric cars? Has anyone considered the contrasts between American industrialization and that of the Chinese? Is it insanity to think that electricity can be generated without petroleum?

Get a grip you guys! Life isn't relegated to 55 gallon drums!!! Those same anti-anti oil individuals like to accuse me of conspiracy thinking when I claim that the price of crude is regularly manipulated. They state that oil prices are strictly market driven. Excuse me, but don't they read the papers? OPEC whispers "oil production cut back" and the price per barrel rises without any change in the actual flow of the precious black stuff. Umm, are you getting it yet? And what about the virtual moratorium on production of domestic crude? Has everyone forgotten that we have oil reserves also? The Sierra Club has done a fine job of helping to curtail domestic oil production statistics. I see some conflicts.


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