Loren C. Steffy's Blog, page 35

Simple math to put `energy independence’ into perspective

Oil independence shouldn't be the goal. The goal should be a long-tem diverse fuel mix. We need to end this herky-jerky, reactionary approach to energy development, and the first step is to take a more realistic look at existing resource picture and stop deluding ourselves about oil independence.

What I’m reading with my morning coffee | 9.24.12

Will Apple become the first trillion-dollar company? If current trends continue, it could hit that market value by 2015. But Joe Nocera asks a different question: Has Apple peaked? Lufkin deal seen likely with low valuation. The oil field equipment maker’s weak stock price could make it a takeover target. Decades of federal aid helped fuel  Read More

Texas high court turns its back on injured workers again

In rejecting a motion for a rehearing in a workers compensation case, the Supreme Court revisits an earlier travesty.

IP5 vs. QE3: Apple provides another stimulus (Updated)

Can Apple alone continue to lead the market higher amid signs of a weakening economy?

What I’m reading with my morning coffee | 9.21.12

Apple poised to sell 10 million iPhones in record debut. Fans are lining up around the world to get the new gadget and deprive themselves of Google Maps. Meanwhile, the phone alone seems to be driving the stock market higher. Need to know more? Here’s a primer for All Apple Friday. After Deepwater Horizon spill,  Read More

Chesapeake chair Dunham buys stock worth $1.5 million

The value of the stock purchases eclipses the value of Dunham's compensation as chairman.

What I’m reading with my morning coffee | 9.20.12

Chesapeake chairman puts his money where his mouth is. Archie Dunham buys $1.5 million worth of company’s stock. Southwest Airlines ranks 6th in study of flight data. Where’s the LUV gone? Tough times continuing at JC Penney. CEO Johnson writes off the rest of 2012. Has the U.S. economy bottomed out? Census suggests yes as  Read More

Fox Business’ Francis to do 2 shows from Houston

Melissa Francis, host of “Money with Melissa Francis” on Fox Business will do two shows this week from Houston, focusing on energy issues. Francis said the strength of Houston’s economy caught her attention. Thanks to job growth in the energy industry and a stable housing market, Houston has fared better than much of the rest  Read More

What I’m reading with my morning coffee | 9.19.12

BP in talks to sell Texas City refinery to Marathon. The sale price could be as much as $2.5 billion. Meanwhile, the oil giant’s meeting with Putin could signal exploration deal with Rosneft that would exchange BP’s stake in TNK-BP for the rights to explore the Russian Arctic. The great American tax debate. The Mitt  Read More

Why 47% — or 46% — of Americans pay no income tax

Mitt Romney's claims about those who don't pay income tax needs some context.