The Dow had it’s record highest point gain today up almost 940. Although it was up a bit today, Oil prices have been retreating and have been steadily below $90/bbl for several days. And have you noticed the price of gasoline has also been declining?

Of course, we all know it’s not over yet, but it’s good to see some positive signs. Unfortunately, the price of diesel fuel has not come down with trhe price of gasoline, apparently due to supply issues worldwide. And this will keep the price of consumer goods general higher. Seems like[...]

Talking Heads:
No visible means of support and you have not seen nuthin yet
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The House of Representatives today passed the Senate version of the $700 Billion Bail-out.  For now, it’s over.  Bush signed the bill shortly after the vote, and we have not seen nuthin yet.
In case you haven’t noticed yet, the [...]

The ban on offshore drilling expires tonight at midnight Eastern Time.  At this writing, that’s just five hours away.  
Congress was incredibly preoccupied during the weeks following its lengthy vacation, and could not (supposedly) get the work done to extend the moratorium on drilling for this oil.  Such a ban would normally have been included in the [...]

My cohort DJ is going to disagree with me.  Just you wait and see.
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Today did not scare me.  It did surprise me, because I didn’t think that Congress had the ability to face down the President, Treasury Secretary and their own part leaders all at the same time.  (For the votes [...]

During Rudy Giuliani’s speech at the Republican National Convention tonight, the crowd got so stirred up on the oil drilling issue, they interrupted his speech for a couple of minutes while they chanted (I believe):
“Drill, Baby, Drill!”
It was another inspiring moment produced spontaneously by a group who clearly believe we should use and manage the [...]

After dropping $10/bbl during the day, the price of crude settled down $5 after fears of interruptions in production from Gustav failed to materialize
It really stinks when people are disappointed that nothing bad happens.
That said, it appears we’ve dodged the bullet on the hurricane, although we cannot forget the loss of life and property that [...]

Last week I started taking my bicycle to work. It’s about 7.5 miles as the crow flies, and my shortest (and most difficult) route is about 8.5 miles… the longest (and easiest) route is 13 miles.  Downtown Des Moines is at a slightly lower elevation than the suburb of West Des Moines where I live, [...]

Down!  Not alot, but it dropped another $.75 today to $114.45 a barrel.
Meanwhile, the Republican Protest against the Democratic No-Vote Vacation continued into its second full week, with activity at Capital Hill and at town halls throughout the country.  House Republicans want everyone (that means you and me) to contact their Democratic representatives and tell them to demand [...]

The Republican Protest of the No-Vote Vacation continues today, with no end in sight.  CSPAN showed the following press conference (video courtesy John Boehner’s office) featuring House Minority Leader John Boehner (Ohio), Mike Pence (Indiana), and Jon Porter (Nevada).  Excellent, concise, brought a solid message back from their constituents, and continuing the push forward.  Worth [...]

The downward pressure on the price of oil continues, although not as strong as the past few trading days.  At the end of the day, it was $117 (down $.22 from yesterday).  Oh, and the Dow was up 40 points.
Meanwhile, Newt Gingrich showed up today at the Capital to show support for the GOP Protest.  [...]