SEC Accuses Goldman Sachs of FRAUD

By zorro in H1N1 Vaccine

This is hot off the press as I am writing this blog. Goldman Sachs has been accused of fraud in the marketing of Collateralized Debt Obligation's (CDO's) that was at the heart of the financial crisis. Goldman Sachs created subprime ...

T. Boone Pickens On Natural Gas Act on Capitol Hill

By zorro in H1N1 Vaccine

Without much news about it and little fanfare, T. Boone appeared before the Ways and Means Committee to tout the benefits of the Natural Gas Act (NAT GAS Act). Legislation that would provide incentives to get CNG & LNG big ...

EOG Resources makes public a huge oil discovery in South Texas

By zorro in H1N1 Vaccine

EOG Chief Executive Officer Mark Papa announced today that the Eagle Ford shale here in South Texas would change the face of US oil production, declaring it a game changer. If you are interested in the latest maps of where ...

U.S. Natural Gas Reserves May Have Doubled, Secretary Chu Says

By zorro in H1N1 Vaccine

http://www.businessweek.com/news/2010-04-06/u-s-natural-gas-reserves-may-have-doubled-secretary-chu-says.html April 6 (Bloomberg) --" New natural-gas drilling technologies may have doubled U.S. reserves of the fuel, Energy Secretary Steven Chu said today. This is further confirmation that the Eagle Ford shale formation in our neighborhood is substantially adding to ...

I Saw the Crisis Coming. Why Didn’t the Fed

By zorro in H1N1 Vaccine

In an Op-Ed in the New York Times today there is a compelling story about what caused the financial meltdown that has caused our country such human tragedy and leaves our children with such a great burden. "I Saw the ...