- OK...so let's see if I got this straight...
- In 2010, BP blows a platform drilling in 5,000 ft of water in the Gulf of Mexico, has an accident which creates a huge oil spill and the Obama Administration slaps a offshore drilling moratorium on all deepwater drilling in the Gulf.
- BUT...today President Obama is in Brazil and, coincidentally, Brazil's oil drilling company (Petrobras, part owned by George Soros...political payback here?) is granted an offshore oil drilling permit for...WAIT FOR IT...the Gulf of Mexico in 8,000 ft of water??!
- Don't believe it?
- Can anyone reasonably explain this to one as simple as I?
- Bueller? Bueller?
- At least sanity hasn't totally disappeared...US Supreme Court denies Federal Reserve's appeal to withhold information on which banks received bailout assistance. Score one for government transparency!
- About oil....so, what countries are the world's largest producers? The answer may surprise you!
A bearish OPEX
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US equity indexes closed significantly lower, SPX -78pts (1.3%) at 5870.
Nasdaq comp' -2.2%. Dow -0.7%. The Transports settled -1.5%. R2K -1.1%
SPX - dai...
28 minutes ago
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