On Friday afternoon came the unheralded release of a pretty important preliminary analysis from the State Department regarding the proposed Keystone XL pipeline, a conduit for diluted bitumen mined in Alberta and destined for the Texas Gulf Coast petroleum refineries. The takeaway, however, has to ... More >>
How greedy speculators bought politicians and drove up the price of oil.
Southwest Airlines co-founder Herb Kelleher and a gaggle of other titans, from former U.S. Spec Ops commanders to Sam Gilliland, chief executive officer of Dallas-based Sabre Holdings, reject outright the idea that we can drill our way to energy independence. In an Energy Security Leadership Council ... More >>
When Texas Public Utility tentatively voted to increase the ceiling on the wholesale price of electricity by 50 percent by August 1, public reaction was swift. It sounded like this: chirp ... cheep ... when you wish ... chirp ... cheep ... upon a star. Which was surprising. Stereotypically, you'd ... More >>
The cover of The Economist that appeared on newsstands on July 10, 2009Throughout 2009 and '10 there were a series of magazine pieces wondering how it was that Texas "powered through the global fiscal crisis" (per Fortune) and experienced "something like an economic boom" (according to The Atlant ... More >>
So, from the looks of a letter that arrived in my in-box last night, most of the airlines' woes come from but a single source: oil speculators. At least, that's what American Airlines' Gerard Arpey and Southwest Airlines' Gary Kelly -- and nine of their fellow CEOs and presidents -- insist in a miss ... More >>
That T. Boone Pickens--quite the optimist. First he donates $25,000 to the "Vote Yes! It's Our Future" political committee, which is out there pushing the $1.35 billion bond package going before voters November 7 even though there's no group out there even opposing the thing. Then he tells the Bloom ... More >>
To make a mess as big as the Enron debacle, you need some friends in high places--Texas Senator Phil Gramm and his wife, for instance
In the rockin' '80s, Bill Brosseau's sexy success story put his face in Money and Cosmopolitan. Times and fortunes change. Now he's a broke former cocaine addict facing a stint in federal prison.